CAKE funding rates and position payments
Funding is a payment between long and short holders of a perpetual contract. At a positive rate, longs pay shorts. At a negative rate, shorts pay longs.
MSK
Exchanges with current rates
9
Range normalized to 8 hours
-0.0279% → +0.0019%
Where the selected side receives funding
Long: 7 of 9
Calculate one funding payment
The full position value in USD. For a leveraged position, this is collateral multiplied by leverage.
Long on Binance · CAKEUSDT
Receives 1.40 USD equivalent
10 000.00 USD × -0.0140% per 4 h
One settlement calculated from the displayed rate and position notional. Trading fees and profit or loss from price changes are calculated separately.
Compare current funding rates
Rows are ordered by the payment to the selected side over the same eight hours. The original rate and single payment apply to each contract’s own interval.
| Exchange / contract | Rate per interval | 8-hour equivalent | One paymentUSD equivalentLong · 10 000.00 USD | Next settlement |
|---|---|---|---|---|
|
Binance
CAKEUSDT
Rate as of MSK
24-hour volume: 13 864 110 USD |
-0.0140% per 4 h | -0.0279% | Receives 1.40 USD | MSK |
|
Bybit
CAKEUSDT
Rate as of MSK
Open interest: 3 220 943 USD 24-hour volume: 2 190 664 USD |
-0.0116% per 4 h | -0.0232% | Receives 1.16 USD | MSK |
|
MEXC
CAKE_USDT
Rate as of MSK
24-hour volume: 1 168 338 USD |
-0.0140% per 8 h | -0.0140% | Receives 1.40 USD | — |
|
Gate.io
CAKE_USDT
Rate as of MSK
Open exchange ↗ |
-0.0061% per 4 h | -0.0122% | Receives 0.61 USD | MSK |
|
KuCoin
CAKEUSDTM
Rate as of MSK
24-hour volume: 13 756 744 USD |
-0.0101% per 8 h | -0.0101% | Receives 1.01 USD | MSK |
|
Aster
CAKEUSDT
Rate as of MSK
Open exchange ↗ |
-0.0021% per 8 h | -0.0021% | Receives 0.21 USD | MSK |
|
Hyperliquid
CAKE
Rate as of MSK
Open interest: 1 964 214 USD 24-hour volume: 674 142 USD |
-0.0002% per 1 h | -0.0015% | Receives 0.02 USD | — |
|
BingX
CAKE-USDT
Rate as of MSK
Open exchange ↗ |
+0.0019% per 8 h | +0.0019% | Pays 0.19 USD | MSK |
|
Bitget
CAKEUSDT
Rate as of MSK
Open interest: 1 957 186 USD 24-hour volume: 780 474 USD |
+0.0019% per 8 h | +0.0019% | Pays 0.19 USD | — |
How rates and payments are calculated
The 8-hour equivalent is the rate per interval × 8 ÷ interval hours. It makes different intervals comparable. One payment is position notional × the original rate. The annualized equivalent in the history is a linear conversion of the rate to one year.
CAKE funding questions
Who receives funding when the CAKE rate is positive?
At a positive rate, long holders pay short holders. At a negative rate, the direction reverses. The payment depends on the position notional and the rate of the specific contract.
Should I multiply the payment by leverage again?
No, if the calculator already contains the full position notional. Leverage is used once: position notional equals collateral multiplied by leverage.