CAKE funding rates
CAKE funding is -0.0084% per 4h on Bybit right now, -18.4% annualized; 10 exchanges quote the perpetual.
Rates by exchange
live| Exchange | Mark | Index | Mark vs index | Funding | APR | Interval | Next settlement |
|---|---|---|---|---|---|---|---|
 Aster | 2.1655 | 2.1652 | +0.0111% | +0.0050% | +11.0% | 4h | 03:59 PM UTC |
 Binance | 2.1651 | 2.1652 | -0.0044% | +0.0050% | +11.0% | 4h | 03:59 PM UTC |
 BingX | 2.1641 | 2.1670 | -0.1338% | +0.0050% | +11.0% | 4h | 03:59 PM UTC |
 Bitget | 2.1643 | 2.1670 | -0.1244% | +0.0050% | +11.0% | 4h | 03:59 PM UTC |
 Gate | 2.1632 | 2.1671 | -0.1800% | +0.0050% | +11.0% | 4h | 03:59 PM UTC |
 LBank | 2.1639 | 2.1668 | -0.1338% | +0.0050% | +11.0% | 4h | 03:59 PM UTC |
 MEXC | 2.1642 | 2.1663 | -0.0969% | +0.0050% | +11.0% | 4h | 03:59 PM UTC |
 KuCoin | 2.1645 | 2.1669 | -0.1108% | -0.0033% | -7.2% | 4h | 03:59 PM UTC |
 Bybit | 2.1638 | 2.1670 | -0.1477% | -0.0084% | -18.4% | 4h | 03:59 PM UTC |
 Hyperliquid | 2.1639 | 2.1665 | -0.1186% | -0.0022% | -19.5% | 1h | 01:59 PM UTC |
Top pairings for CAKE
| Long | Short | Kind | Funding / 24h | |
|---|---|---|---|---|
| KuCoin spot 2.1650 | LBank spot 2.1660 | spot-spot | — | Open in scanner |
| Gate perp 2.1632 | Bybit margin 2.1666 | hedge | -0.054% | Open in scanner |
| Gate spot 2.1702 | LBank spot 2.1660 | spot-spot | — | Open in scanner |
| Gate perp 2.1632 | Binance margin 2.1670 | hedge | -0.061% | Open in scanner |
| Gate perp 2.1632 | Gate margin 2.1702 | hedge | -0.064% | Open in scanner |
121 pairings in the scanner
See every pairing live
The scanner ranks every route by net spread through the order book, after both legs’ fees, with alerts to Telegram and a trade journal. The first week is free.
The table shows every exchange where CAKE trades as a perpetual: the rate per settlement, the same rate annualized, the settlement interval and when the next one is. The numbers are the exchanges’ own, read live, not a snapshot from an hour ago.
A positive rate is paid by longs to shorts, a negative one the other way round. The annualized figure assumes the rate stays put for a year, which it never does — it is a way to compare exchanges with different intervals, not a forecast.
The highest and the lowest rate across exchanges are what a funding spread is made of: short where longs pay the most, long where they pay the least, and collect the difference every settlement — minus the cost of entering both legs.
FAQ
What is a funding rate?
A periodic payment between long and short holders of a perpetual that keeps its price near the spot price. Positive: longs pay shorts; negative: shorts pay longs.
How is the annualized rate computed?
The rate per settlement times the number of settlements in a year — 2190 for an 4h interval — in percent. It is a comparison figure, not a forecast.
Why does the rate differ between exchanges?
Each exchange computes its own rate from its own order flow and interval. The differences are what funding arbitrage lives on.