# Backpack vs Bybit Funding Rates: 72 Coins Compared

As of 2026-10-03 05:50 UTC, Backpack and Bybit share 72 liquid perpetual markets. Backpack has the higher funding rate on 25 of them (35%), and the average gap is 0.0145% per 8 hours (15.91% APR). The widest gap is EDGE at 0.0962% per 8 hours (105.38% APR): short on Bybit and long on Backpack.

| Coin | Backpack per 8h | Bybit per 8h | Gap per 8h | Funding arbitrage |
| --- | --- | --- | --- | --- |
| [EDGE](https://arbtide.com/funding-rates/edge) | -0.0862% | 0.0100% | 0.0962% | Short Bybit, long Backpack |
| [2Z](https://arbtide.com/funding-rates/2z) | -0.6417% | -0.7300% | 0.0883% | Short Backpack, long Bybit |
| [LIT](https://arbtide.com/funding-rates/lit) | 0.0932% | 0.0100% | 0.0832% | Short Backpack, long Bybit |
| [CC](https://arbtide.com/funding-rates/cc) | 0.0824% | 0.0100% | 0.0724% | Short Backpack, long Bybit |
| [KMNO](https://arbtide.com/funding-rates/kmno) | -0.0569% | 0.0100% | 0.0669% | Short Bybit, long Backpack |
| [UNI](https://arbtide.com/funding-rates/uni) | -0.0373% | 0.0100% | 0.0473% | Short Bybit, long Backpack |
| [TRX](https://arbtide.com/funding-rates/trx) | 0.0058% | -0.0414% | 0.0472% | Short Backpack, long Bybit |
| [CHIP](https://arbtide.com/funding-rates/chip) | -0.0312% | 0.0100% | 0.0412% | Short Bybit, long Backpack |
| [SKR](https://arbtide.com/funding-rates/skr) | 0.0510% | 0.0100% | 0.0410% | Short Backpack, long Bybit |
| [HBAR](https://arbtide.com/funding-rates/hbar) | -0.0491% | -0.0143% | 0.0348% | Short Bybit, long Backpack |
| [PYTH](https://arbtide.com/funding-rates/pyth) | -0.0235% | 0.0100% | 0.0335% | Short Bybit, long Backpack |
| [TIA](https://arbtide.com/funding-rates/tia) | -0.0512% | -0.0194% | 0.0319% | Short Bybit, long Backpack |
| [ZEC](https://arbtide.com/funding-rates/zec) | 0.0345% | 0.0100% | 0.0245% | Short Backpack, long Bybit |
| [AERO](https://arbtide.com/funding-rates/aero) | 0.0100% | -0.0129% | 0.0229% | Short Backpack, long Bybit |
| [BNB](https://arbtide.com/funding-rates/bnb) | 0.0100% | -0.0127% | 0.0227% | Short Backpack, long Bybit |
| [PENGU](https://arbtide.com/funding-rates/pengu) | -0.0205% | 0.0020% | 0.0225% | Short Bybit, long Backpack |
| [DOT](https://arbtide.com/funding-rates/dot) | -0.0093% | 0.0100% | 0.0193% | Short Bybit, long Backpack |
| [WIF](https://arbtide.com/funding-rates/wif) | -0.0081% | 0.0100% | 0.0181% | Short Bybit, long Backpack |
| [GRAM](https://arbtide.com/funding-rates/gram) | -0.0079% | 0.0100% | 0.0179% | Short Bybit, long Backpack |
| [ENA](https://arbtide.com/funding-rates/ena) | 0.0100% | -0.0073% | 0.0173% | Short Backpack, long Bybit |
| [AVAX](https://arbtide.com/funding-rates/avax) | -0.0067% | 0.0100% | 0.0167% | Short Bybit, long Backpack |
| [NEAR](https://arbtide.com/funding-rates/near) | 0.0267% | 0.0100% | 0.0167% | Short Backpack, long Bybit |
| [KAITO](https://arbtide.com/funding-rates/kaito) | -0.0040% | 0.0100% | 0.0140% | Short Bybit, long Backpack |
| [BTC](https://arbtide.com/funding-rates/btc) | 0.0100% | -0.0034% | 0.0134% | Short Backpack, long Bybit |
| [WLFI](https://arbtide.com/funding-rates/wlfi) | 0.0100% | -0.0028% | 0.0128% | Short Backpack, long Bybit |
| [TRUMP](https://arbtide.com/funding-rates/trump) | -0.0028% | 0.0100% | 0.0128% | Short Bybit, long Backpack |
| [JTO](https://arbtide.com/funding-rates/jto) | 0.0100% | -0.0012% | 0.0112% | Short Backpack, long Bybit |
| [MNT](https://arbtide.com/funding-rates/mnt) | 0.0100% | 0.0003% | 0.0097% | Short Backpack, long Bybit |
| [DOGE](https://arbtide.com/funding-rates/doge) | 0.0100% | 0.0003% | 0.0097% | Short Backpack, long Bybit |
| [XRP](https://arbtide.com/funding-rates/xrp) | 0.0089% | 0.0002% | 0.0087% | Short Backpack, long Bybit |
| [S](https://arbtide.com/funding-rates/s) | 0.0020% | 0.0100% | 0.0080% | Short Bybit, long Backpack |
| [PEPE](https://arbtide.com/funding-rates/pepe) | 0.0017% | 0.0096% | 0.0079% | Short Bybit, long Backpack |
| [TAO](https://arbtide.com/funding-rates/tao) | 0.0023% | 0.0100% | 0.0077% | Short Bybit, long Backpack |
| [ETH](https://arbtide.com/funding-rates/eth) | 0.0100% | 0.0037% | 0.0063% | Short Backpack, long Bybit |
| [PENDLE](https://arbtide.com/funding-rates/pendle) | 0.0038% | 0.0100% | 0.0062% | Short Bybit, long Backpack |
| [BONK](https://arbtide.com/funding-rates/bonk) | -0.0056% | 0.0004% | 0.0059% | Short Bybit, long Backpack |
| [AAVE](https://arbtide.com/funding-rates/aave) | 0.0100% | 0.0041% | 0.0059% | Short Backpack, long Bybit |
| [PAXG](https://arbtide.com/funding-rates/paxg) | 0.0047% | 0.0100% | 0.0053% | Short Bybit, long Backpack |
| [XPL](https://arbtide.com/funding-rates/xpl) | 0.0100% | 0.0061% | 0.0039% | Short Backpack, long Bybit |
| [VVV](https://arbtide.com/funding-rates/vvv) | 0.0138% | 0.0100% | 0.0038% | Short Backpack, long Bybit |
| [ARB](https://arbtide.com/funding-rates/arb) | 0.0100% | 0.0068% | 0.0032% | Short Backpack, long Bybit |
| [LINK](https://arbtide.com/funding-rates/link) | 0.0100% | 0.0080% | 0.0020% | Short Backpack, long Bybit |
| [HYPE](https://arbtide.com/funding-rates/hype) | 0.0100% | 0.0081% | 0.0019% | Short Backpack, long Bybit |
| [SOL](https://arbtide.com/funding-rates/sol) | -0.0019% | -0.0002% | 0.0017% | Short Bybit, long Backpack |
| [LTC](https://arbtide.com/funding-rates/ltc) | -0.0006% | -0.0017% | 0.0011% | Short Backpack, long Bybit |
| [MON](https://arbtide.com/funding-rates/mon) | -0.0021% | -0.0026% | 0.0006% | Short Backpack, long Bybit |
| [ONDO](https://arbtide.com/funding-rates/ondo) | 0.0099% | 0.0100% | 0.0001% | Short Bybit, long Backpack |
| [ADA](https://arbtide.com/funding-rates/ada) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [SUI](https://arbtide.com/funding-rates/sui) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [APT](https://arbtide.com/funding-rates/apt) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [CRV](https://arbtide.com/funding-rates/crv) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [LDO](https://arbtide.com/funding-rates/ldo) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [WLD](https://arbtide.com/funding-rates/wld) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [JUP](https://arbtide.com/funding-rates/jup) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [OP](https://arbtide.com/funding-rates/op) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [XLM](https://arbtide.com/funding-rates/xlm) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [ASTER](https://arbtide.com/funding-rates/aster) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [SEI](https://arbtide.com/funding-rates/sei) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [FARTCOIN](https://arbtide.com/funding-rates/fartcoin) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [ZRO](https://arbtide.com/funding-rates/zro) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [STRK](https://arbtide.com/funding-rates/strk) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [VIRTUAL](https://arbtide.com/funding-rates/virtual) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [XMR](https://arbtide.com/funding-rates/xmr) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [ZORA](https://arbtide.com/funding-rates/zora) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [AVNT](https://arbtide.com/funding-rates/avnt) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [BERA](https://arbtide.com/funding-rates/bera) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [W](https://arbtide.com/funding-rates/w) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [LINEA](https://arbtide.com/funding-rates/linea) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [MEGA](https://arbtide.com/funding-rates/mega) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [0G](https://arbtide.com/funding-rates/0g) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [MET](https://arbtide.com/funding-rates/met) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |
| [BILL](https://arbtide.com/funding-rates/bill) | 0.0100% | 0.0100% | 0.0000% | Short Bybit, long Backpack |

## Frequently asked questions

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

Right now Bybit has the higher funding rate on 47 of 72 shared coins.

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

On shared markets, Backpack pays every 1 hours and Bybit every 4 and 8 hours, depending on the contract. Rates on this page are annualized so they compare directly.

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

Yes, by going long where funding is lower and short where it is higher. The largest gap right now is EDGE at 0.0962% per 8 hours (105.38% APR) before fees.