# Backpack vs dYdX Funding Rates: 49 Coins Compared

As of 2026-10-04 01:58 UTC, Backpack and dYdX share 49 liquid perpetual markets. Backpack has the higher funding rate on 35 of them (71%), and the average gap is 0.0216% per 8 hours (23.61% APR). The widest gap is SEI at 0.0859% per 8 hours (94.11% 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) | 0.0100% | 0.0959% | 0.0859% | Short dYdX, long Backpack |
| [MON](https://arbtide.com/funding-rates/mon) | 0.0951% | 0.0100% | 0.0851% | Short Backpack, long dYdX |
| [TRX](https://arbtide.com/funding-rates/trx) | -0.0772% | 0.0000% | 0.0772% | Short dYdX, long Backpack |
| [ENA](https://arbtide.com/funding-rates/ena) | 0.0100% | 0.0783% | 0.0683% | Short dYdX, long Backpack |
| [XMR](https://arbtide.com/funding-rates/xmr) | 0.0571% | 0.1222% | 0.0651% | Short dYdX, long Backpack |
| [HBAR](https://arbtide.com/funding-rates/hbar) | -0.0308% | 0.0313% | 0.0621% | Short dYdX, long Backpack |
| [NEAR](https://arbtide.com/funding-rates/near) | 0.0531% | 0.0000% | 0.0531% | Short Backpack, long dYdX |
| [PENDLE](https://arbtide.com/funding-rates/pendle) | 0.0462% | 0.0000% | 0.0462% | Short Backpack, long dYdX |
| [JTO](https://arbtide.com/funding-rates/jto) | -0.0341% | 0.0000% | 0.0341% | Short dYdX, long Backpack |
| [ZORA](https://arbtide.com/funding-rates/zora) | -0.0301% | 0.0000% | 0.0301% | Short dYdX, long Backpack |
| [BNB](https://arbtide.com/funding-rates/bnb) | 0.0100% | 0.0382% | 0.0282% | Short dYdX, long Backpack |
| [ZEC](https://arbtide.com/funding-rates/zec) | 0.0293% | 0.0026% | 0.0267% | Short Backpack, long dYdX |
| [ASTER](https://arbtide.com/funding-rates/aster) | 0.0244% | 0.0000% | 0.0244% | Short Backpack, long dYdX |
| [TAO](https://arbtide.com/funding-rates/tao) | 0.0100% | 0.0321% | 0.0221% | Short dYdX, long Backpack |
| [LTC](https://arbtide.com/funding-rates/ltc) | 0.0100% | 0.0318% | 0.0218% | Short dYdX, long Backpack |
| [PUMP](https://arbtide.com/funding-rates/pump) | 0.0175% | 0.0000% | 0.0175% | Short Backpack, long dYdX |
| [BTC](https://arbtide.com/funding-rates/btc) | 0.0100% | -0.0070% | 0.0170% | Short Backpack, long dYdX |
| [XRP](https://arbtide.com/funding-rates/xrp) | 0.0016% | -0.0113% | 0.0129% | Short Backpack, long dYdX |
| [ADA](https://arbtide.com/funding-rates/ada) | -0.0125% | 0.0000% | 0.0125% | Short dYdX, long Backpack |
| [BONK](https://arbtide.com/funding-rates/bonk) | 0.0100% | -0.0020% | 0.0120% | Short Backpack, long dYdX |
| [ETH](https://arbtide.com/funding-rates/eth) | 0.0100% | -0.0002% | 0.0102% | Short Backpack, long dYdX |
| [AAVE](https://arbtide.com/funding-rates/aave) | 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 |
| [UNI](https://arbtide.com/funding-rates/uni) | 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 |
| [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 |
| [CRV](https://arbtide.com/funding-rates/crv) | 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 |
| [SUI](https://arbtide.com/funding-rates/sui) | 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 |
| [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 |
| [WLFI](https://arbtide.com/funding-rates/wlfi) | 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 |
| [LIT](https://arbtide.com/funding-rates/lit) | 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 |
| [OP](https://arbtide.com/funding-rates/op) | -0.0094% | 0.0000% | 0.0094% | Short dYdX, long Backpack |
| [TIA](https://arbtide.com/funding-rates/tia) | 0.0100% | 0.0007% | 0.0093% | Short Backpack, long dYdX |
| [APT](https://arbtide.com/funding-rates/apt) | 0.0100% | 0.0015% | 0.0085% | Short Backpack, long dYdX |
| [WIF](https://arbtide.com/funding-rates/wif) | -0.0078% | 0.0000% | 0.0078% | Short dYdX, long Backpack |
| [XLM](https://arbtide.com/funding-rates/xlm) | 0.0100% | 0.0024% | 0.0076% | Short Backpack, long dYdX |
| [SOL](https://arbtide.com/funding-rates/sol) | 0.0067% | 0.0000% | 0.0067% | Short Backpack, long dYdX |
| [HYPE](https://arbtide.com/funding-rates/hype) | 0.0100% | 0.0144% | 0.0044% | Short dYdX, long Backpack |
| [PAXG](https://arbtide.com/funding-rates/paxg) | 0.0042% | 0.0000% | 0.0042% | Short Backpack, long dYdX |
| [PYTH](https://arbtide.com/funding-rates/pyth) | 0.0100% | 0.0061% | 0.0039% | Short Backpack, long dYdX |
| [JUP](https://arbtide.com/funding-rates/jup) | 0.0100% | 0.0081% | 0.0019% | Short Backpack, long dYdX |

## Frequently asked questions

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

Right now Backpack has the higher funding rate on 35 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 0.0859% per 8 hours (94.11% APR) before fees.