Cake (CAKE) — Funding Rates
Perpetual futures funding rates across exchanges
Cake (CAKE) perpetual futures currently show funding across 15 markets, averaging 0.0368% per interval. The highest rate is 0.5000%.
A positive rate means longs pay shorts — a signal of crowded long positioning; a negative rate means shorts pay longs. Use this page to compare funding across venues and spot markets where the annualized rate is attractive.
Markets with Funding
15
Highest Rate
0.5000%
Lowest Rate
-0.0073%
Total Perp Markets
15
Current Funding Rates
| Exchange | Pair | Funding Rate | Annualized APR | Interval | Price | Volume (24h) |
|---|---|---|---|---|---|---|
| Kucoin | CAKE/USDT | +0.0050% | +0.0% | 8000h · 4:00:00 PM | $2.09 | $9.58M |
| Binance | CAKE/USDT | +0.0050% | +0.0% | 8000h · 4:00:00 PM | $2.09 | $7.09M |
| Bingx | CAKE/USDT | +0.0050% | +0.0% | 4000h · 4:00:00 PM | $2.08 | $2.55M |
| Whitebit | CAKE/USDT | +0.0050% | +0.0% | 8000h · 4:00:00 PM | $2.08 | $1.71M |
| MEXC | CAKE/USDT | +0.0050% | +0.0% | 4000h · 12:00:00 PM | $2.09 | $1.17M |
| Bybit | CAKE/USDT | +0.0050% | +0.0% | 8000h · 4:00:00 PM | $2.09 | $672.26K |
| Bitunix | CAKE/USDT | +0.5000% | +0.5% | 8000h · 4:00:00 PM | $2.08 | $565.04K |
| Phemex | CAKE/USDT | +0.0050% | +0.0% | 8000h | $2.08 | $486.46K |
| Xt | CAKE/USDT | +0.0050% | +0.0% | 8000h | $2.08 | $452.49K |
| Gate | CAKE/USDT | +0.0050% | +0.0% | 8000h · 12:00:00 AM | $2.08 | $439.98K |
| Pionex | CAKE/USDT | +0.0050% | +0.0% | 8000h · 4:00:00 PM | $2.08 | $280.7K |
| Bitget | CAKE/USDT | +0.0050% | +0.0% | 4000h · 4:00:00 PM | $2.09 | $268.8K |
| Blofin | CAKE/USDT | +0.0000% | +0.0% | 8000h · 8:00:00 PM | $2.62 | $108.34K |
| Hyperliquid | CAKE/USDC | -0.0073% | -0.1% | 1000h · 3:00:00 PM | $2.09 | $102.88K |
| Aster | CAKE/USDT | +0.0050% | +0.0% | 1000h · 4:00:00 PM | $2.09 | $31.83K |
Cake Funding Rate FAQ
What is the CAKE funding rate?expand_more
The funding rate is a periodic payment between longs and shorts on perpetual futures markets. A positive rate means longs pay shorts; a negative rate means shorts pay longs. It keeps the perpetual price anchored to spot.
Why is the funding rate positive or negative?expand_more
When most traders are long, funding turns positive to encourage shorts; when the crowd is short, funding turns negative to encourage longs. Extreme values often signal crowded positioning and potential reversals.
How is APR calculated from the funding rate?expand_more
APR annualizes the rate using the funding interval: rate × (24h / interval hours) × 365. For example, a 0.01% rate paid every 8 hours annualizes to roughly 10.95%.
When is funding paid on CAKE perpetuals?expand_more
Most exchanges settle funding every 8 hours (00:00, 08:00, 16:00 UTC), though some venues use 4-hour or 1-hour intervals. The exact next settlement time is shown next to each market on this page.
What is considered a high funding rate?expand_more
Sustained funding above 0.05-0.1% per interval is elevated and indicates strong directional crowding. Funding arbitrage traders typically look for markets where the annualized rate exceeds holding costs.
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