ArbTide

Backpack vs Hyperliquid Funding Rates: 68 Coins Compared

As of 2026-10-03 02:28 UTC, Backpack and Hyperliquid share 68 liquid perpetual markets. Backpack has the higher funding rate on 15 of them (22%), and the average gap is 0.0166% per 8 hours (18.18% APR). The widest gap is 2Z at 0.2097% per 8 hours (229.67% APR): short on Backpack and long on Hyperliquid.

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Backpack funding rates Hyperliquid funding rates

Largest funding gaps between Backpack and Hyperliquid

  • 2Z
    0.2097%
    Gap per 8h
    Backpack per 8h
    -0.3593%
    Hyperliquid per 8h
    -0.5690%
    Funding arbitrage
    Short Backpack, long Hyperliquid

  • CHIP
    0.1227%
    Gap per 8h
    Backpack per 8h
    -0.1127%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • PENGU
    0.0860%
    Gap per 8h
    Backpack per 8h
    -0.0760%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • CC
    0.0845%
    Gap per 8h
    Backpack per 8h
    0.0945%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Hyperliquid

  • PYTH
    0.0828%
    Gap per 8h
    Backpack per 8h
    -0.0728%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • SKR
    0.0730%
    Gap per 8h
    Backpack per 8h
    0.0830%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Hyperliquid

  • ZORA
    0.0589%
    Gap per 8h
    Backpack per 8h
    -0.0489%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • HBAR
    0.0583%
    Gap per 8h
    Backpack per 8h
    -0.0483%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • ZRO
    0.0442%
    Gap per 8h
    Backpack per 8h
    -0.0342%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • PENDLE
    0.0320%
    Gap per 8h
    Backpack per 8h
    0.0420%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Hyperliquid

  • ARB
    0.0266%
    Gap per 8h
    Backpack per 8h
    -0.0166%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • DOT
    0.0258%
    Gap per 8h
    Backpack per 8h
    -0.0158%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • XMR
    0.0227%
    Gap per 8h
    Backpack per 8h
    0.0376%
    Hyperliquid per 8h
    0.0603%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • AERO
    0.0224%
    Gap per 8h
    Backpack per 8h
    0.0324%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Hyperliquid

  • TAO
    0.0200%
    Gap per 8h
    Backpack per 8h
    -0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • ZEC
    0.0190%
    Gap per 8h
    Backpack per 8h
    0.0290%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Hyperliquid

  • TRX
    0.0163%
    Gap per 8h
    Backpack per 8h
    -0.0431%
    Hyperliquid per 8h
    -0.0267%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • LIT
    0.0157%
    Gap per 8h
    Backpack per 8h
    0.0257%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Hyperliquid

  • VVV
    0.0150%
    Gap per 8h
    Backpack per 8h
    0.0250%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Hyperliquid

  • S
    0.0129%
    Gap per 8h
    Backpack per 8h
    -0.0029%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • PAXG
    0.0126%
    Gap per 8h
    Backpack per 8h
    -0.0026%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • SOL
    0.0113%
    Gap per 8h
    Backpack per 8h
    0.0071%
    Hyperliquid per 8h
    -0.0042%
    Funding arbitrage
    Short Backpack, long Hyperliquid

  • WIF
    0.0092%
    Gap per 8h
    Backpack per 8h
    0.0008%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • MEGA
    0.0073%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0173%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • WLFI
    0.0067%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0033%
    Funding arbitrage
    Short Backpack, long Hyperliquid

  • AVAX
    0.0059%
    Gap per 8h
    Backpack per 8h
    0.0041%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • PUMP
    0.0049%
    Gap per 8h
    Backpack per 8h
    0.0149%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Hyperliquid

  • BTC
    0.0040%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0060%
    Funding arbitrage
    Short Backpack, long Hyperliquid

  • AVNT
    0.0032%
    Gap per 8h
    Backpack per 8h
    0.0132%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Hyperliquid

  • LINK
    0.0032%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0068%
    Funding arbitrage
    Short Backpack, long Hyperliquid

  • ADA
    0.0032%
    Gap per 8h
    Backpack per 8h
    0.0068%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • BNB
    0.0031%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0069%
    Funding arbitrage
    Short Backpack, long Hyperliquid

  • W
    0.0026%
    Gap per 8h
    Backpack per 8h
    0.0074%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • 0G
    0.0016%
    Gap per 8h
    Backpack per 8h
    0.0084%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • JTO
    0.0015%
    Gap per 8h
    Backpack per 8h
    0.0085%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • LTC
    0.0002%
    Gap per 8h
    Backpack per 8h
    0.0098%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • AAVE
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • ETH
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • UNI
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • XRP
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • DOGE
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • NEAR
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • SUI
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • APT
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • CRV
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • ENA
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • HYPE
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • LDO
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • WLD
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • JUP
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • TRUMP
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • XPL
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • ONDO
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • OP
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • TIA
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • XLM
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • ASTER
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • KAITO
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • FARTCOIN
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • SEI
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • STRK
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • VIRTUAL
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • MON
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • BERA
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • GRAM
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • LINEA
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • MET
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

  • MNT
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Hyperliquid per 8h
    0.0100%
    Funding arbitrage
    Short Hyperliquid, long Backpack

Showing 68 of 68

Frequently asked questions

Which has higher funding rates, Backpack or Hyperliquid?
Right now Hyperliquid has the higher funding rate on 53 of 68 shared coins.
How often do Backpack and Hyperliquid pay funding?
On shared markets, Backpack pays every 1 hours and Hyperliquid every 1 hours, depending on the contract. Rates on this page are annualized so they compare directly.
Can I arbitrage funding between Backpack and Hyperliquid?
Yes, by going long where funding is lower and short where it is higher. The largest gap right now is 2Z at 0.2097% per 8 hours (229.67% APR) before fees.