CAKE funding rates and arbitrage
Updated 2026-10-29 14:15 UTC
Best CAKE arbitrage after every cost
No CAKE pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
CAKE funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Phemex | CAKEUSDT | 0.0050% | 4 h | +10.9% | — | $966.5K | 2026-10-29 16:00 |
| KuCoin | CAKEUSDTM | 0.0050% | 4 h | +10.9% | −0.3% | $3M | 2026-10-29 16:00 |
| Bitunix | CAKEUSDT | 0.0050% | 4 h | +10.9% | +4.4% | — | 2026-10-29 16:00 |
| MEXC | CAKE_USDT | 0.0050% | 4 h | +10.9% | +4.6% | $10.2M | 2026-10-29 16:00 |
| WhiteBIT | CAKE_PERP | 0.0050% | 4 h | +10.9% | +10.2% | $1.8M | 2026-10-29 16:00 |
| ApeX | CAKE-USDT | 0.0013% | 1 h | +10.9% | +1.9% | $42.6K | 2026-10-29 15:00 |
| Bitget | CAKEUSDT | 0.0050% | 4 h | +10.9% | +7.7% | $1.8M | 2026-10-29 16:00 |
| WOO X | PERP_CAKE_USDT | 0.0050% | 4 h | +10.9% | +4.6% | $5.3K | 2026-10-29 16:00 |
| LBank | CAKEUSDT | 0.0050% | 4 h | +10.9% | — | — | 2026-10-29 16:00 |
| BingX | CAKE-USDT | 0.0050% | 4 h | +10.9% | +6.7% | $2.1M | 2026-10-29 16:00 |
| Bybit | CAKEUSDT | 0.0050% | 4 h | +10.9% | +4.7% | $3M | 2026-10-29 16:00 |
| Aster | CAKEUSDT | 0.0050% | 4 h | +10.9% | +5.8% | $1.9M | 2026-10-29 16:00 |
| Variational | CAKE-PERP | 0.0050% | 4 h | +10.9% | — | $85.5K | 2026-10-29 16:00 |
| TXFlow | CAKE-USDC | 0.0013% | 1 h | +10.9% | — | $13.7K | 2026-10-29 14:00 |
| Binance | CAKEUSDT | 0.0050% | 4 h | +10.9% | +4.6% | $9.3M | 2026-10-29 16:00 |
| Gate | CAKE_USDT | 0.0050% | 4 h | +10.9% | +3.8% | $341.2K | 2026-10-29 16:00 |
| BloFin | CAKE-USDT | 0.0033% | 4 h | +7.2% | +3.8% | $534K | 2026-10-29 16:00 |
| Hyperliquid | CAKE | -0.0014% | 1 h | −11.9% | −5.7% | $1.7M | 2026-10-29 15:00 |
| Kraken | PF_CAKEUSD | -0.0159% | 1 h | −139.3% | +51.5% | $34.5K | 2026-10-29 15:00 |
Borrow CAKE to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 1.39% | — |
| Bybit | 9.91% | — |
| Binance | 11.96% | — |
| Gate | 12.37% | $30K |
Cost to enter $10,000 of CAKE
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| ApeX | CAKE-USDT | 13.9 bp * | order-book snapshot, 34 min old |
| KuCoin | CAKEUSDTM | 40.9 bp | order-book snapshot, 48 min old |
| MEXC | CAKE_USDT | 2.2 bp | top of book only |
| Variational | CAKE-PERP | 4.9 bp | top of book only |
| Binance | CAKEUSDT | 5.7 bp | top of book only |
| BingX | CAKE-USDT | 6.2 bp | top of book only |
| BloFin | CAKE-USDT | 6.7 bp | top of book only |
| Gate | CAKE_USDT | 7.7 bp | top of book only |
| Aster | CAKEUSDT | 7.9 bp | top of book only |
| Bybit | CAKEUSDT | 7.9 bp | top of book only |
| Bitget | CAKEUSDT | 9.9 bp | top of book only |
| Hyperliquid | CAKE | 10.7 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account.
More on CAKE
Questions
Is CAKE funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no CAKE pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest CAKE funding rate?
Phemex at +10.9% a year (0.0050% every 4 h); the lowest is Kraken at −139.3%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.