# CAKE funding rates and arbitrage

Updated 2026-10-30 05:27 UTC · https://afterfees.xyz/coin/CAKE

## 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 |
|---|---|---|---|---|---|---|---|
| [BloFin](https://afterfees.xyz/venues/blofin) | CAKE-USDT | 0.0060% | 4 h | +13.2% | +4.8% | $463.7K | 2026-10-30 08:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | CAKE_USDT | 0.0050% | 4 h | +10.9% | +6.0% | $10.2M | 2026-10-30 08:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | CAKE_PERP | 0.0050% | 4 h | +10.9% | +10.2% | $1.6M | 2026-10-30 08:00 |
| [Phemex](https://afterfees.xyz/venues/phemex) | CAKEUSDT | 0.0050% | 4 h | +10.9% | — | $875.1K | 2026-10-30 08:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | CAKEUSDT | 0.0050% | 4 h | +10.9% | — | — | 2026-10-30 08:00 |
| [WOO X](https://afterfees.xyz/venues/woox) | PERP_CAKE_USDT | 0.0050% | 4 h | +10.9% | +6.0% | $4.9K | 2026-10-30 08:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | CAKEUSDT | 0.0050% | 4 h | +10.9% | +10.4% | $1.6M | 2026-10-30 08:00 |
| [Variational](https://afterfees.xyz/venues/variational) | CAKE-PERP | 0.0050% | 4 h | +10.9% | — | $65K | 2026-10-30 08:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | CAKEUSDT | 0.0050% | 4 h | +10.9% | +4.2% | $2.8M | 2026-10-30 08:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | CAKEUSDTM | 0.0050% | 4 h | +10.9% | +0.1% | $2.9M | 2026-10-30 08:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | CAKE-USDT | 0.0050% | 4 h | +10.9% | +6.7% | $1.5M | 2026-10-30 08:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | CAKEUSDT | 0.0050% | 4 h | +10.9% | +5.8% | — | 2026-10-30 08:00 |
| [Binance](https://afterfees.xyz/venues/binance) | CAKEUSDT | 0.0050% | 4 h | +10.9% | +6.0% | $8.4M | 2026-10-30 08:00 |
| [Aster](https://afterfees.xyz/venues/aster) | CAKEUSDT | 0.0050% | 4 h | +10.9% | +6.6% | $1.7M | 2026-10-30 08:00 |
| [Gate](https://afterfees.xyz/venues/gate) | CAKE_USDT | 0.0050% | 4 h | +10.9% | +4.9% | $248K | 2026-10-30 08:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | CAKE | 0.0013% | 1 h | +10.9% | −4.2% | $1.3M | 2026-10-30 06:00 |
| [TXFlow](https://afterfees.xyz/venues/txflow) | CAKE-USDC | 0.0005% | 1 h | +4.7% | — | $12.6K | 2026-10-30 05:00 |
| [ApeX](https://afterfees.xyz/venues/apex) | CAKE-USDT | -0.0048% | 1 h | −41.9% | +0.4% | $24.9K | 2026-10-30 06:00 |
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_CAKEUSD | -0.0142% | 1 h | −124.4% | +53.0% | $26.8K | 2026-10-30 06:00 |

## Borrow CAKE to sell spot

| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 1.40% | — |
| Bybit | 10.50% | — |
| Binance | 11.09% | — |
| Gate | 12.38% | $120K |

## Cost to enter $10,000 of CAKE

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| ApeX | CAKE-USDT | 15.1 bp * | order-book snapshot, 27 min old |
| KuCoin | CAKEUSDTM | 148.6 bp | order-book snapshot, 42 min old |
| Variational | CAKE-PERP | 3.0 bp | top of book only |
| MEXC | CAKE_USDT | 4.3 bp | top of book only |
| BingX | CAKE-USDT | 5.3 bp | top of book only |
| Bybit | CAKEUSDT | 6.3 bp | top of book only |
| Binance | CAKEUSDT | 7.4 bp | top of book only |
| Gate | CAKE_USDT | 7.8 bp | top of book only |
| BloFin | CAKE-USDT | 8.6 bp | top of book only |
| Aster | CAKEUSDT | 9.0 bp | top of book only |
| Bitget | CAKEUSDT | 10.5 bp | top of book only |
| Bybit | CAKEUSDT (spot) | 12.6 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

- [Borrow CAKE: rates on every exchange](https://afterfees.xyz/borrow/CAKE)
- [CAKE transfer arbitrage](https://afterfees.xyz/transfers/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?**

BloFin at +13.2% a year (0.0060% every 4 h); the lowest is Kraken at −124.4%. 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._