CAKE funding rate

Live PancakeSwap perpetual funding on every connected exchange. Positive funding means longs pay shorts.

Connecting…

Highest (24h)+0.030%Bybit

Lowest (24h)-0.089%KuCoin

Average (24h)-0.006%across 9 venues

Funding gap (24h)+0.119%short the highest, long the lowest

ExchangeFundingIntervalNext in24hAPRMarkvs indexVolume

BybitCEX · CAKEUSDT+0.0050%4h—+0.030%+10.9%$2.48-0.117%$925.8K

BitgetCEX · CAKEUSDT+0.0050%4h—+0.030%+10.9%$2.48-0.023%$371.9K

HyperliquidPerp DEX · CAKE+0.0013%1h00:42:15+0.030%+10.9%$2.48-0.093%$512.2K

VariationalCEX · CAKE+0.0050%4h—+0.030%+10.9%$2.47—$41.3K

AsterPerp DEX · CAKEUSDT+0.0007%4h—+0.004%+1.5%$2.48-0.072%—

GateCEX · CAKE_USDT+0.0002%4h00:42:15+0.001%+0.4%$2.47-0.275%$432.7K

MEXCCEX · CAKE_USDT-0.0078%4h00:42:15-0.047%-17.1%$2.48-0.085%$1.23M

BinanceCEX · CAKEUSDT-0.0078%4h—-0.047%-17.1%$2.48-0.086%—

KuCoinCEX · CAKEUSDTM-0.0149%4h00:42:15-0.089%-32.6%$2.47-0.149%$9.77M

CAKE funding rate explained

Right now PancakeSwap (CAKE) perpetual futures trade on 9 exchanges we track. The highest funding is on Bybit at +0.030% per day, the lowest on KuCoin at -0.089%. The average across all venues is -0.006% per day, or about -2.3% a year. Negative funding means CAKE shorts are paying longs — the market is leaning short.

The gap between the highest and lowest venue is +0.119% per day. A delta-neutral position that shorts CAKE on Bybit and goes long on KuCoin would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live CAKE arbitrage board for the price side of the trade.

Settlement intervals differ: CAKE funding is paid every 1 hour and 4 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.

What is the CAKE funding rate today?

The average CAKE funding rate across 9 exchanges is -0.006% per 24 hours. It ranges from -0.089% on KuCoin to +0.030% on Bybit. Rates update every few seconds on this page.

Which exchange has the highest CAKE funding rate?

Bybit currently has the highest CAKE funding at +0.030% per day, and KuCoin the lowest at -0.089%.

How often is CAKE funding paid?

CAKE perpetuals settle funding every 1 hour and 4 hours, depending on the exchange. The table shows each venue's interval and a countdown to the next payment.

Is CAKE funding positive or negative?

On average it is negative (-0.006% per day): shorts pay longs.