CAKE funding rates
CAKE perpetual funding across 9 venues. Rates are annualized (APR); positive means longs pay shorts.
· refreshed every 5 min
- Best pair · 7d
- 9.4%long Gate, short Bitget · net 2.4%
- Highest funding now
- 10.9%HyHyperliquid
- Lowest funding now
- −36.7%RwRWA Perp
- Listed on
- 9 venues
Funding by venue
| 7d chart | Flags | Open | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HyHyperliquid | CAKE | 10.9% | 10.9% | 9.8% | 12.3% | 9.6% | 96% | 1h | — | 2.40 | $2.2M | $265k | HyHyperliquid | ||
| AsAster | CAKEUSDT | 10.9% | 10.9% | 4.3% | 7.6% | 3.1% | 81% | 4h | 08:00 | 2.40 | $2.2M | $21k | AsAster | ||
| BnBinanceCEX | CAKEUSDT | 10.9% | 10.7% | 3.4% | 5.3% | 2.2% | 70% | 4h | 08:00 | 2.40 | $11.9M | $9.9M | BnBinance | ||
| ByBybitCEX | CAKEUSDT | 10.9% | 10.9% | 3.3% | 2.1% | 2.0% | 76% | 4h | 08:00 | 2.40 | $3.8M | $1.7M | ByBybit | ||
| BgBitgetCEX | CAKEUSDT | 10.9% | 10.9% | 10.9% | 9.2% | 10.9% | 100% | 4h | 08:00 | 2.40 | $2.0M | $402k | BgBitget | ||
| GtGateCEX | CAKE_USDT | 10.9% | 9.5% | 1.6% | 5.1% | 0.2% | 64% | 4h | 08:00 | 2.40 | $804k | $259k | GtGate | ||
| MxMEXCCEX | CAKE_USDT | 10.9% | 10.1% | 3.5% | 6.0% | 2.5% | 71% | 4h | 08:00 | 2.40 | $8.8M | $2.9M | MxMEXC | ||
| VaVariational | CAKE | 10.9% | 10.9% | 7.4% | 4.7% | 6.8% | 92% | 4h | — | 2.39 | $112k | $83k | VaVariational | ||
| RwRWA Perp | PERP_CAKE_USDC | −36.7% | −29.5% | −17.6% | −7.7% | −15.7% | 2% | 4h | 08:00 | 2.39 | $6k | $241 | RwRWA Perp |
Sparklines: hourly funding APR over the last 7 days, zero line dashed.
Long/short pairs
| Spread APR | After taker fees | Quality | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7d trend | Flags | Open | Calc | |||||||||||
| MxMEXCCEX | BgBitgetCEX | 0.0% | 0.8% | 7.4% | 3.2% | 3.2% | 4.8% | 7.9d | cooling | $2.0M | MxBg | calc | ||
| MxMEXCCEX | HyHyperliquid | 0.0% | 0.8% | 6.2% | 6.2% | 2.8% | 4.2% | 7.6d | cooling | $2.2M | 4h/1h | MxHy | calc | |
| MxMEXCCEX | VaVariational | 0.0% | 0.8% | 3.8% | −1.3% | 2.8% | 4.1% | 3.8d | weak | $112k | spread not incl. | MxVa | calc | |
| GtGateCEX | BgBitgetCEX | 0.0% | 1.4% | 9.4% | 4.2% | 2.4% | 3.5% | 10d | cooling | $804k | GtBg | calc | ||
| GtGateCEX | HyHyperliquid | 0.0% | 1.4% | 8.2% | 7.2% | 1.9% | 2.9% | 11d | cooling | $804k | 4h/1h | GtHy | calc | |
| GtGateCEX | VaVariational | 0.0% | 1.4% | 5.8% | −0.4% | 1.9% | 2.8% | 9.5d | cooling | $112k | spread not incl. | GtVa | calc | |
| BnBinanceCEX | BgBitgetCEX | 0.0% | 0.3% | 7.5% | 4.1% | 1.8% | 2.7% | 11d | cooling | $2.0M | BnBg | calc | ||
| ByBybitCEX | BgBitgetCEX | 0.0% | 0.0% | 7.7% | 7.1% | 1.7% | 2.6% | 11d | cooling | $2.0M | ByBg | calc | ||
| AsAster | BgBitgetCEX | 0.0% | 0.0% | 6.7% | 1.7% | 1.5% | 2.2% | 11d | cooling | $2.0M | AsBg | calc | ||
| BnBinanceCEX | HyHyperliquid | 0.0% | 0.3% | 6.3% | 4.3% | 1.4% | 2.0% | 11d | cooling | $2.2M | 4h/1h | BnHy | calc | |
| BnBinanceCEX | VaVariational | 0.0% | 0.3% | 3.9% | −0.2% | 1.3% | 1.9% | 9.3d | weak | $112k | spread not incl. | BnVa | calc | |
| ByBybitCEX | HyHyperliquid | 0.0% | 0.0% | 6.5% | 10.1% | 1.3% | 1.9% | 11d | cooling | $2.2M | 4h/1h | ByHy | calc | |
| ByBybitCEX | VaVariational | 0.0% | 0.0% | 4.1% | 2.6% | 1.2% | 1.8% | 9.8d | weak | $112k | spread not incl. | ByVa | calc | |
| AsAster | HyHyperliquid | 0.0% | 0.0% | 5.5% | 4.7% | 1.1% | 1.6% | 11d | cooling | $2.2M | 4h/1h | AsHy | calc | |
| AsAster | VaVariational | 0.0% | 0.0% | 3.1% | −2.9% | 1.0% | 1.5% | 9.4d | weak | $112k | spread not incl. | AsVa | calc | |
| VaVariational | BgBitgetCEX | 0.0% | 0.0% | 3.6% | 4.6% | 0.5% | 0.7% | 12d | weak | $112k | spread not incl. | VaBg | calc | |
| VaVariational | HyHyperliquid | 0.0% | 0.0% | 2.4% | 7.6% | 0.1% | 0.1% | 14d | weak | $112k | 4h/1hspread not incl. | VaHy | calc | |
| MxMEXCCEX | AsAster | 0.0% | 0.8% | 0.7% | 1.5% | −2.4% | −3.6% | 62d | weak | $2.2M | MxAs | calc | ||
| GtGateCEX | AsAster | 0.0% | 1.4% | 2.7% | 2.5% | −3.3% | −4.9% | 31d | weak | $804k | GtAs | calc | ||
| BnBinanceCEX | MxMEXCCEX | 0.0% | −0.6% | 0.1% | 0.0% | −3.6% | −5.3% | 516d | weak | $8.8M | BnMx | calc | ||
| BnBinanceCEX | AsAster | 0.0% | 0.3% | 0.8% | 1.7% | −3.9% | −5.8% | 81d | weak | $2.2M | BnAs | calc | ||
| ByBybitCEX | AsAster | 0.0% | 0.0% | 1.0% | 5.4% | −3.9% | −5.9% | 69d | weak | $2.2M | ByAs | calc | ||
| HyHyperliquid | BgBitgetCEX | 0.0% | 0.0% | 1.2% | −3.0% | −4.3% | −6.4% | 64d | weak | $2.0M | 1h/4h | HyBg | calc | |
| GtGateCEX | ByBybitCEX | 0.0% | 1.4% | 1.7% | −2.9% | −5.1% | −7.6% | 56d | weak | $804k | GtBy | calc | ||
| GtGateCEX | MxMEXCCEX | 0.0% | 0.6% | 2.0% | 1.0% | −3.0% | −4.5% | 35d | mixed | $804k | GtMx | calc | ||
| ByBybitCEX | MxMEXCCEX | 0.0% | −0.8% | 0.3% | 3.9% | −3.6% | −5.4% | 186d | mixed | $3.8M | ByMx | calc | ||
| GtGateCEX | BnBinanceCEX | 0.0% | 1.1% | 1.9% | 1.3% | −4.6% | −6.9% | 48d | mixed | $804k | GtBn | calc | ||
| ByBybitCEX | BnBinanceCEX | 0.0% | −0.3% | 0.2% | 3.1% | −5.3% | −7.9% | 392d | mixed | $3.8M | ByBn | calc | ||
What the columns and badges mean
- now
- Current funding spread APR: short-leg rate minus long-leg rate, annualized.
- 24h
- Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d
- Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
- 30d
- Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d trend
- Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
- Net APR
- 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
- On capital
- Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
- Breakeven
- Days of 7d-average funding needed to pay back open+close taker fees.
- Min OI
- Smaller open interest of the two legs, USD.
- steady
- Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
- spike
- The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
- mixed
- The spread was negative too often: not negative in only X% of hours over 7 days.
- new
- Less than 4 days of shared history in the prior week: stability cannot be judged yet.
- weak
- Prior-week spread under 5% APR: too small to call steady.
- cooling
- The prior week was solid, but the last 24h or the current spread is not positive.
- ≠ asset?
- Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
- stale
- At least one leg has not updated for over 30 minutes.
- low OI
- Open interest under $50k on at least one leg — size carefully.
- 8h/1h
- Funding intervals differ (8h vs 1h): payments are not simultaneous.
- TradFi
- Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
- invite only
- Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
- spread not incl.
- A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
- CEX
- Centralized exchange: trading needs an account with identity verification (KYC).
Prices now
Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.Indicative · marks from 2026-10-12 05:36 UTC
Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.
Indicative (mark or mid prices): buy on Variational at 2.39005, sell on Bitget at 2.3972: 0.299% before fees, 0.179% after taker fees.
| Buy ↓ · Sell → | BgBitget2.3972 | ByBybit2.3971 | BnBinance2.39702 | HyHyperliquid2.3969 | AsAster2.39651 | GtGate2.3958 | MxMEXC2.3956 | RwRWA Perp2.3937 | VaVariational2.39005 |
|---|---|---|---|---|---|---|---|---|---|
| VaVariational2.39005 | 0.299% | 0.295% | 0.291% | 0.286% | 0.270% | 0.240% | 0.232% | 0.153% | — |
| RwRWA Perp2.3937 | 0.146% | 0.142% | 0.138% | 0.134% | 0.117% | 0.088% | 0.079% | — | −0.153% |
| MxMEXC2.3956 | 0.067% | 0.063% | 0.059% | 0.054% | 0.038% | 0.008% | — | −0.079% | −0.232% |
| GtGate2.3958 | 0.058% | 0.054% | 0.051% | 0.046% | 0.030% | — | −0.008% | −0.088% | −0.240% |
| AsAster2.39651 | 0.029% | 0.025% | 0.021% | 0.016% | — | −0.030% | −0.038% | −0.117% | −0.270% |
| HyHyperliquid2.3969 | 0.013% | 0.008% | 0.005% | — | −0.016% | −0.046% | −0.054% | −0.134% | −0.286% |
| BnBinance2.39702 | 0.008% | 0.004% | — | −0.005% | −0.021% | −0.051% | −0.059% | −0.138% | −0.291% |
| ByBybit2.3971 | 0.004% | — | −0.004% | −0.008% | −0.025% | −0.054% | −0.063% | −0.142% | −0.295% |
| BgBitget2.3972 | — | −0.004% | −0.008% | −0.013% | −0.029% | −0.058% | −0.067% | −0.146% | −0.299% |
All quotes (9)
| Venue | Bid | Ask | Quality | Age | Vol 24h | Flags |
|---|---|---|---|---|---|---|
| AsAster | 2.39651 | 2.39651 | mark | 6m | $21k | no FX |
| BnBinanceCEX | 2.39702 | 2.39702 | mark | 5m | $9.9M | no FX |
| BgBitgetCEX | 2.3972 | 2.3972 | mark | 5m | $402k | no FX |
| ByBybitCEX | 2.3971 | 2.3971 | mark | 5m | $1.7M | no FX |
| GtGateCEX | 2.3958 | 2.3958 | mark | 5m | $259k | no FX |
| HyHyperliquid | 2.3969 | 2.3969 | mark | 6m | $265k | |
| MxMEXCCEX | 2.3956 | 2.3956 | mark | 6m | $2.9M | no FX |
| RwRWA Perp | 2.3937 | 2.3937 | mark | 6m | $241 | |
| VaVariational | 2.39005 | 2.39005 | mark | 6m | $83k |
All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.
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