CAKE perpetual futures by venue
CAKE perps trade on Hyperliquid (up to 3x) and Aster (up to 20x), not on Lighter. Hyperliquid has the most volume, $583K in 24 h; Aster allows the most leverage.
Data as of . Refreshed about every minute.
CAKE on each venue
| Venue | Market | Price | 24 h | 24 h volume | Open interest | Max leverage | Funding / hour | Taker / maker fee |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid | CAKEUSDC | $1.8358 | -1.82% | $583K | $2.1M | 3x | 0.0013%10.95% APR | 0.045% / 0.015% |
| Aster | CAKEUSDT | $1.8346 | -1.30% | $83K | – | 20x | 0.0013%10.95% APR | 0.04% / 0% |
Fees are each venue's base tier before volume discounts; see perp DEX fees compared.
Method and sources
Mark prices, 24 h volume and open interest (US dollars, at the mark price) come from each venue's public API and refresh about every minute. Max leverage is for the smallest position tier; Aster's is estimated from its required margin. Funding is per hour (Aster's rate divided by its interval).
- Hyperliquid: Hyperliquid info API (metaAndAssetCtxs)
- Aster: Aster futures API (ticker, premiumIndex, fundingInfo, openInterest)
More: CAKE funding rate history, all perp markets, liquidation price explained
Frequently asked questions
- Where can I trade CAKE perpetual futures?
- CAKE perps are listed on Hyperliquid (market CAKE) and Aster (market CAKE), not on Lighter. The listing is read from each venue's API about every minute.
- What is the maximum leverage on CAKE?
- 3x on Hyperliquid and 20x on Aster, on the smallest position tier; larger positions get lower leverage. Aster's figure is estimated from its required margin. Higher leverage puts the liquidation price closer to the entry price.
- Which venue has the most CAKE trading volume?
- Over the last 24 hours Hyperliquid, with $583K, against $83K on Aster. More volume usually means a tighter spread and less slippage on larger orders.