# Backpack vs Hyperliquid Funding Rates: 68 Coins Compared

As of 2026-10-03 07:34 UTC, Backpack and Hyperliquid share 68 liquid perpetual markets. Backpack has the higher funding rate on 14 of them (21%), and the average gap is 0.0183% per 8 hours (20.03% APR). The widest gap is LIT at 0.1332% per 8 hours (145.89% APR): short on Backpack and long on Hyperliquid.

| Coin | Backpack per 8h | Hyperliquid per 8h | Gap per 8h | Funding arbitrage |
| --- | --- | --- | --- | --- |
| [LIT](https://arbtide.com/funding-rates/lit) | 0.1432% | 0.0100% | 0.1332% | Short Backpack, long Hyperliquid |
| [W](https://arbtide.com/funding-rates/w) | -0.1128% | 0.0100% | 0.1228% | Short Hyperliquid, long Backpack |
| [UNI](https://arbtide.com/funding-rates/uni) | -0.1091% | 0.0100% | 0.1191% | Short Hyperliquid, long Backpack |
| [2Z](https://arbtide.com/funding-rates/2z) | -0.6705% | -0.7735% | 0.1030% | Short Backpack, long Hyperliquid |
| [KAITO](https://arbtide.com/funding-rates/kaito) | -0.0541% | 0.0100% | 0.0641% | Short Hyperliquid, long Backpack |
| [CC](https://arbtide.com/funding-rates/cc) | 0.0679% | 0.0100% | 0.0579% | Short Backpack, long Hyperliquid |
| [CHIP](https://arbtide.com/funding-rates/chip) | -0.0439% | 0.0100% | 0.0539% | Short Hyperliquid, long Backpack |
| [PENGU](https://arbtide.com/funding-rates/pengu) | -0.0423% | 0.0100% | 0.0523% | Short Hyperliquid, long Backpack |
| [MET](https://arbtide.com/funding-rates/met) | -0.0384% | 0.0100% | 0.0484% | Short Hyperliquid, long Backpack |
| [WIF](https://arbtide.com/funding-rates/wif) | -0.0333% | 0.0100% | 0.0433% | Short Hyperliquid, long Backpack |
| [S](https://arbtide.com/funding-rates/s) | -0.0256% | 0.0100% | 0.0356% | Short Hyperliquid, long Backpack |
| [TIA](https://arbtide.com/funding-rates/tia) | -0.0240% | 0.0100% | 0.0340% | Short Hyperliquid, long Backpack |
| [DOT](https://arbtide.com/funding-rates/dot) | -0.0270% | 0.0040% | 0.0310% | Short Hyperliquid, long Backpack |
| [ZRO](https://arbtide.com/funding-rates/zro) | -0.0010% | 0.0297% | 0.0307% | Short Hyperliquid, long Backpack |
| [BERA](https://arbtide.com/funding-rates/bera) | -0.0203% | 0.0100% | 0.0303% | Short Hyperliquid, long Backpack |
| [LINEA](https://arbtide.com/funding-rates/linea) | -0.0177% | 0.0100% | 0.0277% | Short Hyperliquid, long Backpack |
| [ZORA](https://arbtide.com/funding-rates/zora) | -0.0170% | 0.0100% | 0.0270% | Short Hyperliquid, long Backpack |
| [LTC](https://arbtide.com/funding-rates/ltc) | -0.0164% | 0.0100% | 0.0264% | Short Hyperliquid, long Backpack |
| [TAO](https://arbtide.com/funding-rates/tao) | -0.0156% | 0.0100% | 0.0256% | Short Hyperliquid, long Backpack |
| [TRX](https://arbtide.com/funding-rates/trx) | -0.0029% | -0.0267% | 0.0237% | Short Backpack, long Hyperliquid |
| [TRUMP](https://arbtide.com/funding-rates/trump) | -0.0115% | 0.0100% | 0.0215% | Short Hyperliquid, long Backpack |
| [ONDO](https://arbtide.com/funding-rates/ondo) | -0.0159% | 0.0055% | 0.0213% | Short Hyperliquid, long Backpack |
| [PUMP](https://arbtide.com/funding-rates/pump) | 0.0285% | 0.0100% | 0.0185% | Short Backpack, long Hyperliquid |
| [STRK](https://arbtide.com/funding-rates/strk) | -0.0016% | 0.0100% | 0.0116% | Short Hyperliquid, long Backpack |
| [BNB](https://arbtide.com/funding-rates/bnb) | 0.0100% | -0.0016% | 0.0116% | Short Backpack, long Hyperliquid |
| [AVNT](https://arbtide.com/funding-rates/avnt) | -0.0014% | 0.0100% | 0.0114% | Short Hyperliquid, long Backpack |
| [AVAX](https://arbtide.com/funding-rates/avax) | -0.0010% | 0.0100% | 0.0110% | Short Hyperliquid, long Backpack |
| [LINK](https://arbtide.com/funding-rates/link) | 0.0100% | 0.0022% | 0.0078% | Short Backpack, long Hyperliquid |
| [AAVE](https://arbtide.com/funding-rates/aave) | 0.0100% | 0.0023% | 0.0077% | Short Backpack, long Hyperliquid |
| [PYTH](https://arbtide.com/funding-rates/pyth) | 0.0044% | 0.0100% | 0.0056% | Short Hyperliquid, long Backpack |
| [XRP](https://arbtide.com/funding-rates/xrp) | 0.0045% | 0.0100% | 0.0055% | Short Hyperliquid, long Backpack |
| [PAXG](https://arbtide.com/funding-rates/paxg) | 0.0065% | 0.0100% | 0.0035% | Short Hyperliquid, long Backpack |
| [SOL](https://arbtide.com/funding-rates/sol) | 0.0054% | 0.0022% | 0.0033% | Short Backpack, long Hyperliquid |
| [BTC](https://arbtide.com/funding-rates/btc) | 0.0100% | 0.0069% | 0.0031% | Short Backpack, long Hyperliquid |
| [OP](https://arbtide.com/funding-rates/op) | 0.0073% | 0.0100% | 0.0027% | Short Hyperliquid, long Backpack |
| [ZEC](https://arbtide.com/funding-rates/zec) | 0.0124% | 0.0100% | 0.0024% | Short Backpack, long Hyperliquid |
| [ARB](https://arbtide.com/funding-rates/arb) | 0.0100% | 0.0079% | 0.0021% | Short Backpack, long Hyperliquid |
| [NEAR](https://arbtide.com/funding-rates/near) | 0.0116% | 0.0100% | 0.0016% | Short Backpack, long Hyperliquid |
| [ADA](https://arbtide.com/funding-rates/ada) | 0.0089% | 0.0100% | 0.0011% | Short Hyperliquid, long Backpack |
| [SKR](https://arbtide.com/funding-rates/skr) | 0.0104% | 0.0100% | 0.0004% | Short Backpack, long Hyperliquid |
| [LDO](https://arbtide.com/funding-rates/ldo) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [ETH](https://arbtide.com/funding-rates/eth) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [DOGE](https://arbtide.com/funding-rates/doge) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [HYPE](https://arbtide.com/funding-rates/hype) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [SUI](https://arbtide.com/funding-rates/sui) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [CRV](https://arbtide.com/funding-rates/crv) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [ENA](https://arbtide.com/funding-rates/ena) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [WLD](https://arbtide.com/funding-rates/wld) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [APT](https://arbtide.com/funding-rates/apt) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [JUP](https://arbtide.com/funding-rates/jup) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [XPL](https://arbtide.com/funding-rates/xpl) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [HBAR](https://arbtide.com/funding-rates/hbar) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [XLM](https://arbtide.com/funding-rates/xlm) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [ASTER](https://arbtide.com/funding-rates/aster) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [JTO](https://arbtide.com/funding-rates/jto) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [PENDLE](https://arbtide.com/funding-rates/pendle) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [SEI](https://arbtide.com/funding-rates/sei) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [WLFI](https://arbtide.com/funding-rates/wlfi) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [FARTCOIN](https://arbtide.com/funding-rates/fartcoin) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [VIRTUAL](https://arbtide.com/funding-rates/virtual) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [XMR](https://arbtide.com/funding-rates/xmr) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [MON](https://arbtide.com/funding-rates/mon) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [VVV](https://arbtide.com/funding-rates/vvv) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [MEGA](https://arbtide.com/funding-rates/mega) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [AERO](https://arbtide.com/funding-rates/aero) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [GRAM](https://arbtide.com/funding-rates/gram) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [0G](https://arbtide.com/funding-rates/0g) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |
| [MNT](https://arbtide.com/funding-rates/mnt) | 0.0100% | 0.0100% | 0.0000% | Short Hyperliquid, long Backpack |

## Frequently asked questions

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

Right now Hyperliquid has the higher funding rate on 54 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 LIT at 0.1332% per 8 hours (145.89% APR) before fees.