PancakeSwap (CAKE) Funding Rate History
PancakeSwap (CAKE) perpetual futures funding ranges from -4.70 bps on GATEIO to 4.60 bps on KUCOIN across 15 reporting venues, a spread of 9.30 bps. The most extreme rate (-51.46% APY annualized) is on GATEIO. Currently funding signs are mixed: 8 positive, 7 negative.
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on CAKE price.
CAKE Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| GATEIO | -4.70 bps | -51.46% APY | -1.20 bps | $197.47K |
| KUCOIN | 4.60 bps | 50.37% APY | -2.40 bps | $6.66M |
| HYPERLIQUID | -3.10 bps | -33.95% APY | -0.60 bps | $220.95K |
| WOOFIPRO | -1.90 bps | -20.80% APY | -2.60 bps | $0 |
| BYBIT | 1.00 bps | 10.95% APY | -0.90 bps | $573.47K |
| PHEMEX | 1.00 bps | 10.95% APY | -3.40 bps | $352.74K |
| BITGET | 1.00 bps | 10.95% APY | 0.30 bps | $180.51K |
| HUOBI | 1.00 bps | 10.95% APY | 1.00 bps | $111.11K |
| EXTENDED | 1.00 bps | 10.95% APY | 1.00 bps | $69.44K |
| VARIATIONAL | 1.00 bps | 10.95% APY | -0.60 bps | $60.01K |
| ASTER | 1.00 bps | 10.95% APY | 0.50 bps | $5.88K |
| BINGX | -0.70 bps | -7.66% APY | -0.20 bps | $2.01M |
| MEXC | -0.70 bps | -7.66% APY | -0.40 bps | $398.79K |
| BINANCE | -0.60 bps | -6.57% APY | -0.40 bps | $4.01M |
| EDGEX | -0.60 bps | -6.57% APY | -0.40 bps | $493.39K |
Last updated 2026-05-19T18:12:45.619309Z (UTC).
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Related: CAKE open interest, CAKE volume, CAKE perp market data.