CAKE Funding Rate — live across 10 venues
Compared across 10 supported venues · net of estimated fees · updated every few minutes
Live annualized CAKE perpetual funding across all 10 venues Perpia tracks. Right now CAKE funding is positive on 9 and negative on 1, ranging from +10.9% on MEXC to -11.6% on Gate.io — a spread of 22.6%. The widest delta-neutral trade is long Gate.io / short MEXC at 20.1% net APR.
CAKE funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
CAKE funding rate by venue
14 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| MEXC↗ | +10.9% | 4h |
| Binance↗ | +10.9% | 4h |
| Aster↗ | +10.9% | 4h |
| Bitget↗ | +10.9% | 4h |
| KuCoin↗ | +10.9% | 4h |
| Bybit↗ | +10.9% | 4h |
| Variational↗ | +10.9% | 4h |
| Hyperliquid↗ | +10.9% | 1h |
| BingX↗ | +1.5% | 4h |
| Gate.io↗ | -11.6% | 4h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Gate.io vs MEXC page.
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CAKE funding — FAQ
Is CAKE funding positive right now?
CAKE perpetual funding is positive on 9 of 10 venues Perpia tracks and negative on 1. The highest is +10.9% on MEXC; the lowest is -11.6% on Gate.io.
What is the best CAKE funding arbitrage right now?
Go long Gate.io and short MEXC for about 20.1% net APR after fees — the widest delta-neutral CAKE spread Perpia currently sees.
Which exchange has the highest CAKE funding rate?
MEXC, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How CAKE funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to CAKE
Markets also quoted on both Gate.io and MEXC — the same two exchanges you would already have funded for the CAKE trade.
See every spread between them on the Gate.io vs MEXC page.