Backpack vs Extended Funding Rates: 65 Coins Compared
As of 2026-10-03 02:28 UTC, Backpack and Extended share 65 liquid perpetual markets. Backpack has the higher funding rate on 20 of them (31%), and the average gap is 0.0139% per 8 hours (15.17% APR). The widest gap is CHIP at 0.1224% per 8 hours (134.06% APR): short on Extended and long on Backpack.
Largest funding gaps between Backpack and Extended
- 0.1224%Gap per 8h
- Backpack per 8h
- -0.1120%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0864%Gap per 8h
- Backpack per 8h
- -0.0760%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0833%Gap per 8h
- Backpack per 8h
- -0.0729%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0712%Gap per 8h
- Backpack per 8h
- -0.0608%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0587%Gap per 8h
- Backpack per 8h
- -0.0483%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0531%Gap per 8h
- Backpack per 8h
- -0.0483%
- Extended per 8h
- 0.0048%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0448%Gap per 8h
- Backpack per 8h
- -0.0344%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0412%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- -0.0312%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0380%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- -0.0280%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0332%Gap per 8h
- Backpack per 8h
- 0.0420%
- Extended per 8h
- 0.0088%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0221%Gap per 8h
- Backpack per 8h
- -0.0157%
- Extended per 8h
- 0.0064%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0220%Gap per 8h
- Backpack per 8h
- 0.0324%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0203%Gap per 8h
- Backpack per 8h
- -0.0099%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0185%Gap per 8h
- Backpack per 8h
- 0.0289%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0173%Gap per 8h
- Backpack per 8h
- -0.0157%
- Extended per 8h
- 0.0016%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0172%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- -0.0072%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0164%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- -0.0064%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0152%Gap per 8h
- Backpack per 8h
- 0.0256%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0140%Gap per 8h
- Backpack per 8h
- 0.0244%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0117%Gap per 8h
- Backpack per 8h
- -0.0013%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0098%Gap per 8h
- Backpack per 8h
- -0.0026%
- Extended per 8h
- 0.0072%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0092%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0008%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0076%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0024%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0075%Gap per 8h
- Backpack per 8h
- 0.0379%
- Extended per 8h
- 0.0304%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0070%Gap per 8h
- Backpack per 8h
- -0.0430%
- Extended per 8h
- -0.0360%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0068%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0032%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0064%Gap per 8h
- Backpack per 8h
- 0.0040%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0058%Gap per 8h
- Backpack per 8h
- -0.0086%
- Extended per 8h
- -0.0144%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0052%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0048%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0049%Gap per 8h
- Backpack per 8h
- 0.0153%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0036%Gap per 8h
- Backpack per 8h
- 0.0068%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0022%Gap per 8h
- Backpack per 8h
- 0.0082%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0020%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0080%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0015%Gap per 8h
- Backpack per 8h
- 0.0119%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0012%Gap per 8h
- Backpack per 8h
- 0.0068%
- Extended per 8h
- 0.0080%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0011%Gap per 8h
- Backpack per 8h
- 0.0003%
- Extended per 8h
- -0.0008%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0005%Gap per 8h
- Backpack per 8h
- 0.0099%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0005%Gap per 8h
- Backpack per 8h
- 0.0083%
- Extended per 8h
- 0.0088%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0096%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
| CHIP | -0.1120% | 0.0104% | 0.1224% | Short Extended, long Backpack |
| PENGU | -0.0760% | 0.0104% | 0.0864% | Short Extended, long Backpack |
| EDGE | -0.0729% | 0.0104% | 0.0833% | Short Extended, long Backpack |
| BILL | -0.0608% | 0.0104% | 0.0712% | Short Extended, long Backpack |
| ZORA | -0.0483% | 0.0104% | 0.0587% | Short Extended, long Backpack |
| HBAR | -0.0483% | 0.0048% | 0.0531% | Short Extended, long Backpack |
| ZRO | -0.0344% | 0.0104% | 0.0448% | Short Extended, long Backpack |
| PEPE | 0.0100% | -0.0312% | 0.0412% | Short Backpack, long Extended |
| XPL | 0.0100% | -0.0280% | 0.0380% | Short Backpack, long Extended |
| PENDLE | 0.0420% | 0.0088% | 0.0332% | Short Backpack, long Extended |
| DOT | -0.0157% | 0.0064% | 0.0221% | Short Extended, long Backpack |
| AERO | 0.0324% | 0.0104% | 0.0220% | Short Backpack, long Extended |
| TAO | -0.0099% | 0.0104% | 0.0203% | Short Extended, long Backpack |
| ZEC | 0.0289% | 0.0104% | 0.0185% | Short Backpack, long Extended |
| ARB | -0.0157% | 0.0016% | 0.0173% | Short Extended, long Backpack |
| APT | 0.0100% | -0.0072% | 0.0172% | Short Backpack, long Extended |
| ENA | 0.0100% | -0.0064% | 0.0164% | Short Backpack, long Extended |
| LIT | 0.0256% | 0.0104% | 0.0152% | Short Backpack, long Extended |
| VVV | 0.0244% | 0.0104% | 0.0140% | Short Backpack, long Extended |
| S | -0.0013% | 0.0104% | 0.0117% | Short Extended, long Backpack |
| PAXG | -0.0026% | 0.0072% | 0.0098% | Short Extended, long Backpack |
| XLM | 0.0100% | 0.0008% | 0.0092% | Short Backpack, long Extended |
| BTC | 0.0100% | 0.0024% | 0.0076% | Short Backpack, long Extended |
| XMR | 0.0379% | 0.0304% | 0.0075% | Short Backpack, long Extended |
| TRX | -0.0430% | -0.0360% | 0.0070% | Short Extended, long Backpack |
| BNB | 0.0100% | 0.0032% | 0.0068% | Short Backpack, long Extended |
| AVAX | 0.0040% | 0.0104% | 0.0064% | Short Extended, long Backpack |
| BONK | -0.0086% | -0.0144% | 0.0058% | Short Backpack, long Extended |
| SEI | 0.0100% | 0.0048% | 0.0052% | Short Backpack, long Extended |
| PUMP | 0.0153% | 0.0104% | 0.0049% | Short Backpack, long Extended |
| ADA | 0.0068% | 0.0104% | 0.0036% | Short Extended, long Backpack |
| W | 0.0082% | 0.0104% | 0.0022% | Short Extended, long Backpack |
| LDO | 0.0100% | 0.0080% | 0.0020% | Short Backpack, long Extended |
| AVNT | 0.0119% | 0.0104% | 0.0015% | Short Backpack, long Extended |
| SOL | 0.0068% | 0.0080% | 0.0012% | Short Extended, long Backpack |
| WIF | 0.0003% | -0.0008% | 0.0011% | Short Backpack, long Extended |
| LTC | 0.0099% | 0.0104% | 0.0005% | Short Extended, long Backpack |
| JTO | 0.0083% | 0.0088% | 0.0005% | Short Extended, long Backpack |
| AAVE | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| DOGE | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| ETH | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| HYPE | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| LINK | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| NEAR | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| SUI | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| UNI | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| XRP | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| CRV | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| WLD | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| JUP | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| TRUMP | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| ONDO | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| OP | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Extended |
| TIA | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| WLFI | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| ASTER | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| KAITO | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| FARTCOIN | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| SHIB | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| STRK | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| VIRTUAL | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| MON | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| MEGA | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| GRAM | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| LINEA | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
Showing 65 of 65
Frequently asked questions
- Which has higher funding rates, Backpack or Extended?
- Right now Extended has the higher funding rate on 45 of 65 shared coins.
- How often do Backpack and Extended pay funding?
- On shared markets, Backpack pays every 1 hours and Extended every 1 hours, depending on the contract. Rates on this page are annualized so they compare directly.
- Can I arbitrage funding between Backpack and Extended?
- Yes, by going long where funding is lower and short where it is higher. The largest gap right now is CHIP at 0.1224% per 8 hours (134.06% APR) before fees.