# Backpack vs Bitfinex Funding Rates: 34 Coins Compared

As of 2026-10-04 12:35 UTC, Backpack and Bitfinex share 34 liquid perpetual markets. Backpack has the higher funding rate on 27 of them (79%), and the average gap is 0.0155% per 8 hours (16.94% APR). The widest gap is NEAR at 0.0900% per 8 hours (98.51% APR): short on Backpack and long on Bitfinex.

| Coin | Backpack per 8h | Bitfinex per 8h | Gap per 8h | Funding arbitrage |
| --- | --- | --- | --- | --- |
| [NEAR](https://arbtide.com/funding-rates/near) | 0.0312% | -0.0587% | 0.0900% | Short Backpack, long Bitfinex |
| [TRX](https://arbtide.com/funding-rates/trx) | -0.0763% | 0.0000% | 0.0763% | Short Bitfinex, long Backpack |
| [CRV](https://arbtide.com/funding-rates/crv) | -0.0393% | 0.0000% | 0.0393% | Short Bitfinex, long Backpack |
| [SEI](https://arbtide.com/funding-rates/sei) | 0.0100% | -0.0145% | 0.0245% | Short Backpack, long Bitfinex |
| [PEPE](https://arbtide.com/funding-rates/pepe) | -0.0244% | 0.0000% | 0.0244% | Short Bitfinex, long Backpack |
| [KAITO](https://arbtide.com/funding-rates/kaito) | 0.0100% | 0.0321% | 0.0221% | Short Bitfinex, long Backpack |
| [HBAR](https://arbtide.com/funding-rates/hbar) | 0.0100% | -0.0058% | 0.0158% | Short Backpack, long Bitfinex |
| [ZEC](https://arbtide.com/funding-rates/zec) | 0.0145% | 0.0000% | 0.0145% | Short Backpack, long Bitfinex |
| [ADA](https://arbtide.com/funding-rates/ada) | -0.0123% | 0.0000% | 0.0123% | Short Bitfinex, long Backpack |
| [XPL](https://arbtide.com/funding-rates/xpl) | 0.0107% | 0.0000% | 0.0107% | Short Backpack, long Bitfinex |
| [AAVE](https://arbtide.com/funding-rates/aave) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long Bitfinex |
| [LINK](https://arbtide.com/funding-rates/link) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long Bitfinex |
| [SOL](https://arbtide.com/funding-rates/sol) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long Bitfinex |
| [UNI](https://arbtide.com/funding-rates/uni) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long Bitfinex |
| [BNB](https://arbtide.com/funding-rates/bnb) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long Bitfinex |
| [DOGE](https://arbtide.com/funding-rates/doge) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long Bitfinex |
| [SUI](https://arbtide.com/funding-rates/sui) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long Bitfinex |
| [XRP](https://arbtide.com/funding-rates/xrp) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long Bitfinex |
| [ARB](https://arbtide.com/funding-rates/arb) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long Bitfinex |
| [AVAX](https://arbtide.com/funding-rates/avax) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long Bitfinex |
| [DOT](https://arbtide.com/funding-rates/dot) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long Bitfinex |
| [ENA](https://arbtide.com/funding-rates/ena) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long Bitfinex |
| [HYPE](https://arbtide.com/funding-rates/hype) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long Bitfinex |
| [LDO](https://arbtide.com/funding-rates/ldo) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long Bitfinex |
| [APT](https://arbtide.com/funding-rates/apt) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long Bitfinex |
| [XLM](https://arbtide.com/funding-rates/xlm) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long Bitfinex |
| [SHIB](https://arbtide.com/funding-rates/shib) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long Bitfinex |
| [LTC](https://arbtide.com/funding-rates/ltc) | 0.0079% | 0.0000% | 0.0079% | Short Backpack, long Bitfinex |
| [BTC](https://arbtide.com/funding-rates/btc) | 0.0100% | 0.0053% | 0.0047% | Short Backpack, long Bitfinex |
| [ETH](https://arbtide.com/funding-rates/eth) | 0.0046% | 0.0000% | 0.0046% | Short Backpack, long Bitfinex |
| [ZRO](https://arbtide.com/funding-rates/zro) | 0.0100% | 0.0140% | 0.0040% | Short Bitfinex, long Backpack |
| [ONDO](https://arbtide.com/funding-rates/ondo) | 0.0020% | 0.0000% | 0.0020% | Short Backpack, long Bitfinex |
| [JTO](https://arbtide.com/funding-rates/jto) | 0.0011% | 0.0030% | 0.0019% | Short Bitfinex, long Backpack |
| [TAO](https://arbtide.com/funding-rates/tao) | 0.0100% | 0.0090% | 0.0010% | Short Backpack, long Bitfinex |

## Frequently asked questions

### Which has higher funding rates, Backpack or Bitfinex?

Right now Backpack has the higher funding rate on 27 of 34 shared coins.

### How often do Backpack and Bitfinex pay funding?

On shared markets, Backpack pays every 1 hours and Bitfinex every 8 hours, depending on the contract. Rates on this page are annualized so they compare directly.

### Can I arbitrage funding between Backpack and Bitfinex?

Yes, by going long where funding is lower and short where it is higher. The largest gap right now is NEAR at 0.0900% per 8 hours (98.51% APR) before fees.