# Backpack vs dYdX Funding Rates: 49 Coins Compared

As of 2026-10-04 23:39 UTC, Backpack and dYdX share 49 liquid perpetual markets. Backpack has the higher funding rate on 37 of them (76%), and the average gap is 0.0148% per 8 hours (16.21% APR). The widest gap is SEI at 0.0804% per 8 hours (88.04% APR): short on dYdX and long on Backpack.

| Coin | Backpack per 8h | dYdX per 8h | Gap per 8h | Funding arbitrage |
| --- | --- | --- | --- | --- |
| [SEI](https://arbtide.com/funding-rates/sei) | -0.0011% | 0.0793% | 0.0804% | Short dYdX, long Backpack |
| [XMR](https://arbtide.com/funding-rates/xmr) | 0.0482% | 0.0989% | 0.0506% | Short dYdX, long Backpack |
| [TIA](https://arbtide.com/funding-rates/tia) | 0.0100% | 0.0517% | 0.0417% | Short dYdX, long Backpack |
| [PUMP](https://arbtide.com/funding-rates/pump) | 0.0325% | 0.0000% | 0.0325% | Short Backpack, long dYdX |
| [ZORA](https://arbtide.com/funding-rates/zora) | -0.0321% | 0.0000% | 0.0321% | Short dYdX, long Backpack |
| [BNB](https://arbtide.com/funding-rates/bnb) | 0.0100% | 0.0398% | 0.0298% | Short dYdX, long Backpack |
| [JUP](https://arbtide.com/funding-rates/jup) | 0.0357% | 0.0070% | 0.0287% | Short Backpack, long dYdX |
| [TAO](https://arbtide.com/funding-rates/tao) | 0.0100% | 0.0380% | 0.0280% | Short dYdX, long Backpack |
| [HBAR](https://arbtide.com/funding-rates/hbar) | 0.0100% | 0.0363% | 0.0263% | Short dYdX, long Backpack |
| [ENA](https://arbtide.com/funding-rates/ena) | 0.0251% | 0.0000% | 0.0251% | Short Backpack, long dYdX |
| [ETH](https://arbtide.com/funding-rates/eth) | 0.0100% | -0.0074% | 0.0174% | Short Backpack, long dYdX |
| [PENDLE](https://arbtide.com/funding-rates/pendle) | -0.0146% | 0.0000% | 0.0146% | Short dYdX, long Backpack |
| [WLFI](https://arbtide.com/funding-rates/wlfi) | -0.0123% | 0.0000% | 0.0123% | Short dYdX, long Backpack |
| [CRV](https://arbtide.com/funding-rates/crv) | 0.0120% | 0.0000% | 0.0120% | Short Backpack, long dYdX |
| [XRP](https://arbtide.com/funding-rates/xrp) | 0.0100% | -0.0004% | 0.0104% | Short Backpack, long dYdX |
| [BTC](https://arbtide.com/funding-rates/btc) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [LINK](https://arbtide.com/funding-rates/link) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [NEAR](https://arbtide.com/funding-rates/near) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [SOL](https://arbtide.com/funding-rates/sol) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [AAVE](https://arbtide.com/funding-rates/aave) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [ADA](https://arbtide.com/funding-rates/ada) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [AVAX](https://arbtide.com/funding-rates/avax) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [DOGE](https://arbtide.com/funding-rates/doge) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [ARB](https://arbtide.com/funding-rates/arb) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [DOT](https://arbtide.com/funding-rates/dot) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [LDO](https://arbtide.com/funding-rates/ldo) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [ZEC](https://arbtide.com/funding-rates/zec) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [APT](https://arbtide.com/funding-rates/apt) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [ONDO](https://arbtide.com/funding-rates/ondo) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [PEPE](https://arbtide.com/funding-rates/pepe) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [WLD](https://arbtide.com/funding-rates/wld) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [TRUMP](https://arbtide.com/funding-rates/trump) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [ASTER](https://arbtide.com/funding-rates/aster) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [JTO](https://arbtide.com/funding-rates/jto) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [PENGU](https://arbtide.com/funding-rates/pengu) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [WIF](https://arbtide.com/funding-rates/wif) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [BONK](https://arbtide.com/funding-rates/bonk) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [STRK](https://arbtide.com/funding-rates/strk) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [LIT](https://arbtide.com/funding-rates/lit) | 0.0100% | 0.0000% | 0.0100% | Short Backpack, long dYdX |
| [LTC](https://arbtide.com/funding-rates/ltc) | 0.0093% | 0.0000% | 0.0093% | Short Backpack, long dYdX |
| [XLM](https://arbtide.com/funding-rates/xlm) | 0.0100% | 0.0014% | 0.0086% | Short Backpack, long dYdX |
| [OP](https://arbtide.com/funding-rates/op) | 0.0082% | 0.0000% | 0.0082% | Short Backpack, long dYdX |
| [SUI](https://arbtide.com/funding-rates/sui) | 0.0069% | 0.0000% | 0.0069% | Short Backpack, long dYdX |
| [PYTH](https://arbtide.com/funding-rates/pyth) | 0.0100% | 0.0068% | 0.0032% | Short Backpack, long dYdX |
| [TRX](https://arbtide.com/funding-rates/trx) | 0.0023% | 0.0000% | 0.0023% | Short Backpack, long dYdX |
| [HYPE](https://arbtide.com/funding-rates/hype) | 0.0100% | 0.0121% | 0.0021% | Short dYdX, long Backpack |
| [UNI](https://arbtide.com/funding-rates/uni) | 0.0017% | 0.0000% | 0.0017% | Short Backpack, long dYdX |
| [PAXG](https://arbtide.com/funding-rates/paxg) | -0.0013% | 0.0000% | 0.0013% | Short dYdX, long Backpack |
| [MON](https://arbtide.com/funding-rates/mon) | 0.0100% | 0.0100% | 0.0000% | Short dYdX, long Backpack |

## Frequently asked questions

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

Right now Backpack has the higher funding rate on 37 of 49 shared coins.

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

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

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

Yes, by going long where funding is lower and short where it is higher. The largest gap right now is SEI at 0.0804% per 8 hours (88.04% APR) before fees.