Current Price
$1.408
2.83%
24h Volume
$3,943,070
USD Volume
Funding Rate
0.0013%
Hourly Rate
Open Interest
$887,720
630,572.4 CAKE
CAKE Market Highlights
Asset TypePerpetual Futures (Derivatives)
BlockchainHyperliquid L1
Price BasisUSDC-Collateralized
Max Leverage3x
24h Trading Volume$3,943,070
LiquidityHigh / Institutional Grade
About CAKE Perpetuals
CAKE trading on Dexly offers a secondary non-custodial interface to the Hyperliquid ecosystem. By trading CAKE perpetuals, you can gain exposure to price movements without owning the underlying asset. The market supports up to 3x leverage, allowing for capital-efficient trading strategies.
How Leverage Works
Leverage allows you to control a larger position with a smaller amount of capital. For example, with 10x leverage, a $1000 deposit allows you to trade $10,000 worth of CAKE. While this amplifies potential profits, it also increases the risk of liquidation if the price moves against your position.