CAKE funding rates and arbitrage

CAKE perpetuals trade on 13 contracts across 13 venues, forming 78 cross-venue arbitrage pairs. By net APR the current best pair is long Kraken against short Coinbase, netting +111.37%, with both legs settling on the same cadence。

CAKE perpetual funding rates by venue

APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
KuCoin	CAKEUSDTM	USDT	4h	0.0050%	+10.95%	-7.49%	$10.5M	2.173
Binance	CAKEUSDT	USDT	4h	0.0050%	+10.95%	+8.22%	$7.3M	2.171
LBank	CAKEUSDT	USDT	4h	0.0050%	+10.95%	+8.22%	$6.7M	2.171
BingX	CAKE-USDT	USDT	4h	0.0050%	+10.95%	+1.77%	$2.4M	2.173
Bybit	CAKEUSDT	USDT	4h	0.0050%	+10.95%	+1.07%	$1.1M	2.171
WhiteBIT	CAKE_PERP	USDT	4h	0.0050%	+10.95%	+10.95%	$1.1M	2.164
Bitget	CAKEUSDT	USDT	4h	0.0050%	+10.95%	+6.44%	$539K	2.173
MEXC	CAKE_USDT	USDT	4h	0.0050%	+10.95%	+8.22%	$537K	2.171
Hyperliquid	CAKE	USDC	1h	0.0013%	+10.95%	-4.22%	$401K	2.171
Gate	CAKE_USDT	USDT	4h	0.0050%	+10.95%	+9.67%	$97K	2.171
Aster	CAKEUSDT	USDT	4h	0.0050%	+10.95%	+9.07%	$52K	2.174
Kraken	PF_CAKEUSD	USD	1h	-0.0049%	-43.05%	-52.35%	$9K	2.171
Coinbase	CAKE-PERP	USDC	1h	0.0078%	+68.33%	+68.33%	$2K	1.438

CAKE cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
Kraken USD	Coinbase USDC	+111.37%	0.3051%	+120.68%	1h matched	$2K
Aster USDT	Coinbase USDC	+57.38%	0.1572%	+59.26%	4h / 1h	$2K
Binance USDT	Coinbase USDC	+57.38%	0.1572%	+60.11%	4h / 1h	$2K
BingX USDT	Coinbase USDC	+57.38%	0.1572%	+66.56%	4h / 1h	$2K
Bitget USDT	Coinbase USDC	+57.38%	0.1572%	+61.89%	4h / 1h	$2K
Bybit USDT	Coinbase USDC	+57.38%	0.1572%	+67.26%	4h / 1h	$2K
Gate USDT	Coinbase USDC	+57.38%	0.1572%	+58.66%	4h / 1h	$2K
Hyperliquid USDC	Coinbase USDC	+57.38%	0.1572%	+72.54%	1h matched	$2K
KuCoin USDT	Coinbase USDC	+57.38%	0.1572%	+75.82%	4h / 1h	$2K
LBank USDT	Coinbase USDC	+57.38%	0.1572%	+60.11%	4h / 1h	$2K
MEXC USDT	Coinbase USDC	+57.38%	0.1572%	+60.11%	4h / 1h	$2K
WhiteBIT USDT	Coinbase USDC	+57.38%	0.1572%	+57.38%	4h / 1h	$2K

PancakeSwap project profile

Website Whitepaper GitHub Reddit X (Twitter)Telegram Discord

Key facts

Total: 329.54M
Max supply: 400.00M
Type: Token
Market cap rank: #98

Decentralized Exchange (DEX)Exchange-based TokensDecentralized Finance (DeFi)Yield FarmingAutomated Market Maker (AMM)BNB Chain EcosystemPerpetualsSolana Ecosystem

Contract addresses

binance0x0e09fabb73bd3ade0a17ecc321fd13a19e81ce82

ethereum0x152649ea73beab28c5b49b26eb48f7ead6d4c898

polygon0x0d1e753a25ebda689453309112904807625befbe

opbnb0x2779106e4f4a8a28d77a24c18283651a2ae22d1c

base0x3055913c90fcc1a6ce9a358911721eeb942013a1

solana4qQeZ5LwSz6HuupUu8jCtgXyW1mYQcNbFAW1sWZp89HL

4 more chains

arbitrum0x1b896893dfc86bb67cf57767298b9073d2c1ba2c

aptos0x159df6b7689437016108a019fd5bef736bac692b6d4a1f10c941f6fbb9a74ca6::oft::CakeOFT

linea0x0d1e753a25ebda689453309112904807625befbe

zksync0x3a287a06c66f9e95a56327185ca2bdf5f031cecd

Block explorers

bscscan.com aptscan.ai etherscan.io ethplorer.io bnb.dex.guru binplorer.com

About

PancakeSwap is an automated market maker (“AMM”) that allows two tokens to be exchanged on the Binance Smart Chain. It is fast, cheap, and allows anyone to participate.

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

CASHCAT+106.3%CC+96.9%CRWV+16.5%DELL+90.7%ESP+125.5%FOGO+3.7%GMT+69.4%GMX+124.8%GRT+90.7%HOME+64.4%IO+732.8%KAT+98.1%

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