BackPack Funding Rates — live across 62 markets
CEX_PERPS · 1h funding interval · paired against 27 other venues · updated every few minutesLive annualized funding for every BackPack perpetual market Perpia scans. Right now 56 of 62 markets pay positive funding (longs pay shorts) and 6 pay negative, with a median of +10.9%. The widest delta-neutral spread involving BackPack on a market with real depth is ZEC: long Extended / short BackPack at 39.7% net APR.
BackPack at a glance
venue registryFees are the venue's published default tiers — the ones Perpia uses when a market has no per-market override. Volume and open interest are venue-wide, not per market. BackPack website ↗
BackPack funding rate history
last 30 days · annualizedOver the last 30 days MON on BackPack averaged -7.7% annualized, ranging from -149.1% to +118.8%; funding was positive 49% of the time. Rates are sampled per settlement and annualized, so venues on different intervals stay comparable. A market that spends most of its time on one side of zero is the one worth holding; a rate that crosses zero often pays only while you watch it.
Highest funding on BackPack
longs pay shortsMost negative funding on BackPack
shorts pay longsBest BackPack funding spreads
583 pairs scanned · net of fees| Market | Long | Short | Net APR | Thin leg vol | Max size |
|---|---|---|---|---|---|
| MON | BackPack | Lighter | 159.0% | $74K | — |
| MON | BackPack | Hyperliquid | 158.4% | $74K | — |
| MON | BackPack | Gate.io | 158.3% | $74K | — |
| MON | BackPack | Binance | 158.3% | $74K | — |
| MON | BackPack | Extended | 158.2% | $74K | — |
| MON | BackPack | Variational | 157.8% | $74K | — |
| MON | BackPack | KuCoin | 157.5% | $74K | — |
| MON | BackPack | Bitget | 157.5% | $74K | — |
| MON | BackPack | Pacifica | 156.9% | $74K | — |
| MON | BackPack | Aster | 146.9% | $32K | — |
| MON | BackPack | Risex | 144.9% | $74K | — |
| MON | BackPack | OKX | 140.5% | $74K | — |
Net APR is the gross funding spread minus entry and exit fees, both legs' bid/ask spread and estimated slippage. “Max size” is shown only where real order-book depth was available; a dash means the cap is a placeholder, not a measurement.
BackPack versus other exchanges
most shared markets firstThe exchanges BackPack currently shares the most markets with. Each pair has its own page with the live spread between the two.
BackPack funding — FAQ
What is the funding rate on BackPack right now?
Across the 62 BackPack perpetual markets Perpia tracks, the median annualized funding is +10.9%. 56 markets currently pay positive funding (longs pay shorts) and 6 pay negative. The highest is SKR at +101.3%.
How often does BackPack pay funding?
BackPack settles funding every 1 hours on all 62 markets tracked here. Perpia annualizes the rate so it is comparable with venues on other intervals.
What is the best BackPack funding arbitrage right now?
Long Extended and short BackPack on ZEC, worth about 39.7% net APR after estimated fees — the widest delta-neutral spread involving BackPack on a market with at least $1M of 24h volume on the smaller leg in the current snapshot.
How to read a venue funding rate
Funding is a recurring payment between the long and short side of a perpetual, set by each venue from its own perp-versus-spot basis. A positive rate means longs pay shorts. Because every exchange computes it independently — different intervals, clamps and premium windows — the same market can pay positive funding here and negative elsewhere, which is what a delta-neutral funding trade harvests. Perpia annualizes every rate so venues on 1h, 4h and 8h intervals are directly comparable. See the methodology for the exact calculation.