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Perpetual market

CAKE on Hyperliquid

CAKE trades at $2.077 on Hyperliquid, with a maximum leverage of 3x. It is down 0.71% over 24 hours. Volume over 24 hours is $222.83K, with $1.76M held in open positions. Funding is -0.00036% per hour, so shorts are paying longs.

Maximum leverage on this market is 3x, which puts the maintenance margin at 16.67% of notional. Live figures read from the exchange's public API at 26 Oct 2026, 04:38 UTC.

What it costs to hold this position

Cost of a $10,000 position in CAKE, at the entry fee tier.
Taker fee to open$4.50
Taker fee with a referral code$4.32
Maker fee to open$1.50
Funding, per day at the current rate $-0.86
Gas per trade$0

Funding is a payment between traders, not a fee. At the current rate, shorts pay longs every hour. How the rate is set.

Margin on this market

Maximum leverage3x
Maintenance margin16.67%
Initial margin at max leverage33.33%
Margin modeCross or isolated
Size decimals1
Oracle price$2.08

Maximum leverage can step down above published position-size thresholds. See the margin tiers, how liquidation is calculated.

Questions about CAKE

What is the maximum leverage on CAKE on Hyperliquid?
3x. That sets the maintenance margin at 16.67% of notional, so a move of roughly that size against a fully extended position triggers liquidation.
What is the funding rate on CAKE?
-0.00036% per hour at the last refresh, which is -0.0086% per day if it held. Shorts are paying longs.
How much does it cost to trade CAKE?
A taker order at the entry fee tier costs 0.045% of notional, or 0.0432% with a referral code applied. There is no gas on the trade itself.

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