PancakeSwap (CAKE) Funding Rate
Real-time CAKE perpetual funding rates across 16 exchanges, with annualized APR and cross-venue divergence.
As of 2026-11-12 00:30 UTC, the CAKE perpetual funding rate on Binance was −0.0032% per 4h (−7.06% APR), across 16 venues tracked; highest ApeX at +10.95% APR, lowest Kraken at −14.15% APR.
What is Funding Rate for PancakeSwap?
The PancakeSwap funding rate is the periodic payment between holders of long and short CAKE perpetual futures that keeps the perpetual's price near spot. When the rate is positive, longs pay shorts; when it is negative, shorts pay longs.
Sharpe lists the current CAKE funding rate on every tracked venue that quotes a CAKE perpetual, each at the venue's own settlement interval.
How to read the PancakeSwap Funding Rate chart
Venues settle on their own interval (1h to 24h), so rates are compared on an 8-hour-equivalent basis: the venue's rate × 8 ÷ its interval in hours. APR annualizes the venue's rate over its own interval: the 8-hour-equivalent rate × 3 × 365.
A gap between the highest and lowest venue is the spread a cross-venue funding trade earns before fees, and a venue far from the rest often has thin open interest.
PancakeSwap Funding Rate FAQ
Who pays the CAKE funding rate?
Longs pay shorts while the rate is positive, and shorts pay longs while it is negative, at each venue's settlement time.
How often is CAKE funding paid?
On each venue's own interval: some settle hourly, others every 4 or 8 hours. The table lists every venue's interval and next settlement.
Where can I learn how crypto funding rates work?
Sharpe's crypto funding rate tracker guide covers funding mechanics, APR and carry trades.
PancakeSwapCAKE
| BinanceCAKEUSDT | $6.88M | −0.0065% | −7.06% | −0.0032% | 4h | |
| KuCoinCAKEUSDTM | $3.39M | +0.0100% | +10.95% | +0.0050% | 4h | |
| HyperliquidCAKE-USD | $1.54M | +0.0100% | +10.95% | +0.0013% | 1h | |
| BybitCAKEUSDT | $1.44M | +0.0100% | +10.95% | +0.0050% | 4h | |
| WhiteBITCAKE_PERP | $1.33M | +0.0100% | +10.95% | +0.0050% | 4h | |
| BingXCAKE-USDT | $1.00M | +0.0100% | +10.95% | +0.0050% | 4h | |
| BitgetCAKEUSDT | $857.35K | +0.0100% | +10.95% | +0.0050% | 4h | |
| Gate.ioCAKE_USDT | $307.33K | +0.0100% | +10.95% | +0.0050% | 4h | |
| VariationalCAKE | $95.25K | +0.0100% | +10.95% | +0.0050% | 4h | |
| KrakenPF_CAKEUSD | $21.09K | −0.0129% | −14.15% | −0.0016% | 1h | |
| ApeXCAKE-USDT | $7.25K | +0.0100% | +10.95% | +0.0013% | 1h | |
| MEXCCAKE_USDT | $4.27M excluded | −0.0064% | −7.01% | −0.0032% | 4h | |
| AsterCAKEUSDT | — | +0.0063% | +6.88% | +0.0031% | 4h | |
| BitunixCAKEUSDT | — | −0.0124% | −13.58% | −0.0062% | 4h | |
| LBankCAKEUSDT | — | −0.0065% | −7.06% | −0.0032% | 4h | |
| PhemexCAKEUSDT | — | +0.0100% | +10.95% | +0.0050% | 4h |
- CAKEAvg 8h+0.0033%OI $16.87M · Next · 16 venues
- Binance 4h
- −0.0065%
- KuCoin 4h
- +0.0100%
- Hyperliquid 1h
- +0.0100%