ArbTide

Backpack vs Kraken Funding Rates: 55 Coins Compared

As of 2026-10-03 16:05 UTC, Backpack and Kraken share 55 liquid perpetual markets. Backpack has the higher funding rate on 24 of them (44%), and the average gap is 0.0309% per 8 hours (33.79% APR). The widest gap is MNT at 0.2324% per 8 hours (254.43% APR): short on Kraken and long on Backpack.

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Backpack funding rates Kraken funding rates

Largest funding gaps between Backpack and Kraken

  • MNT
    0.2324%
    Gap per 8h
    Backpack per 8h
    -0.0005%
    Kraken per 8h
    0.2319%
    Funding arbitrage
    Short Kraken, long Backpack

  • KAITO
    0.1200%
    Gap per 8h
    Backpack per 8h
    0.0364%
    Kraken per 8h
    -0.0836%
    Funding arbitrage
    Short Backpack, long Kraken

  • APT
    0.0875%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0975%
    Funding arbitrage
    Short Kraken, long Backpack

  • VIRTUAL
    0.0791%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0891%
    Funding arbitrage
    Short Kraken, long Backpack

  • STRK
    0.0683%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0783%
    Funding arbitrage
    Short Kraken, long Backpack

  • HYPE
    0.0666%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0766%
    Funding arbitrage
    Short Kraken, long Backpack

  • NEAR
    0.0602%
    Gap per 8h
    Backpack per 8h
    0.0511%
    Kraken per 8h
    -0.0091%
    Funding arbitrage
    Short Backpack, long Kraken

  • ZRO
    0.0568%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0668%
    Funding arbitrage
    Short Kraken, long Backpack

  • TRX
    0.0562%
    Gap per 8h
    Backpack per 8h
    -0.0646%
    Kraken per 8h
    -0.0083%
    Funding arbitrage
    Short Kraken, long Backpack

  • ASTER
    0.0561%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0661%
    Funding arbitrage
    Short Kraken, long Backpack

  • BONK
    0.0479%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0579%
    Funding arbitrage
    Short Kraken, long Backpack

  • JTO
    0.0474%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    -0.0374%
    Funding arbitrage
    Short Backpack, long Kraken

  • TAO
    0.0438%
    Gap per 8h
    Backpack per 8h
    0.0061%
    Kraken per 8h
    0.0500%
    Funding arbitrage
    Short Kraken, long Backpack

  • TIA
    0.0383%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    -0.0283%
    Funding arbitrage
    Short Backpack, long Kraken

  • JUP
    0.0373%
    Gap per 8h
    Backpack per 8h
    0.0384%
    Kraken per 8h
    0.0011%
    Funding arbitrage
    Short Backpack, long Kraken

  • SEI
    0.0362%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0462%
    Funding arbitrage
    Short Kraken, long Backpack

  • XLM
    0.0341%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    -0.0241%
    Funding arbitrage
    Short Backpack, long Kraken

  • W
    0.0314%
    Gap per 8h
    Backpack per 8h
    0.0268%
    Kraken per 8h
    -0.0046%
    Funding arbitrage
    Short Backpack, long Kraken

  • UNI
    0.0309%
    Gap per 8h
    Backpack per 8h
    -0.0253%
    Kraken per 8h
    0.0055%
    Funding arbitrage
    Short Kraken, long Backpack

  • FARTCOIN
    0.0278%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0378%
    Funding arbitrage
    Short Kraken, long Backpack

  • HBAR
    0.0274%
    Gap per 8h
    Backpack per 8h
    -0.0350%
    Kraken per 8h
    -0.0076%
    Funding arbitrage
    Short Kraken, long Backpack

  • XPL
    0.0254%
    Gap per 8h
    Backpack per 8h
    -0.0206%
    Kraken per 8h
    -0.0460%
    Funding arbitrage
    Short Backpack, long Kraken

  • PENDLE
    0.0253%
    Gap per 8h
    Backpack per 8h
    0.0790%
    Kraken per 8h
    0.0537%
    Funding arbitrage
    Short Backpack, long Kraken

  • ENA
    0.0247%
    Gap per 8h
    Backpack per 8h
    0.0345%
    Kraken per 8h
    0.0098%
    Funding arbitrage
    Short Backpack, long Kraken

  • ZEC
    0.0228%
    Gap per 8h
    Backpack per 8h
    0.0170%
    Kraken per 8h
    -0.0059%
    Funding arbitrage
    Short Backpack, long Kraken

  • OP
    0.0215%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0315%
    Funding arbitrage
    Short Kraken, long Backpack

  • WLD
    0.0204%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0304%
    Funding arbitrage
    Short Kraken, long Backpack

  • ADA
    0.0199%
    Gap per 8h
    Backpack per 8h
    -0.0252%
    Kraken per 8h
    -0.0053%
    Funding arbitrage
    Short Kraken, long Backpack

  • ETH
    0.0182%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    -0.0082%
    Funding arbitrage
    Short Backpack, long Kraken

  • BNB
    0.0180%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0280%
    Funding arbitrage
    Short Kraken, long Backpack

  • DOT
    0.0175%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0275%
    Funding arbitrage
    Short Kraken, long Backpack

  • ARB
    0.0174%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    -0.0074%
    Funding arbitrage
    Short Backpack, long Kraken

  • CRV
    0.0145%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    -0.0045%
    Funding arbitrage
    Short Backpack, long Kraken

  • SUI
    0.0134%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    -0.0034%
    Funding arbitrage
    Short Backpack, long Kraken

  • AAVE
    0.0134%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    -0.0034%
    Funding arbitrage
    Short Backpack, long Kraken

  • XMR
    0.0133%
    Gap per 8h
    Backpack per 8h
    0.0288%
    Kraken per 8h
    0.0421%
    Funding arbitrage
    Short Kraken, long Backpack

  • BTC
    0.0131%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    -0.0031%
    Funding arbitrage
    Short Backpack, long Kraken

  • PEPE
    0.0130%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0230%
    Funding arbitrage
    Short Kraken, long Backpack

  • TRUMP
    0.0118%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    -0.0018%
    Funding arbitrage
    Short Backpack, long Kraken

  • PUMP
    0.0097%
    Gap per 8h
    Backpack per 8h
    0.0148%
    Kraken per 8h
    0.0245%
    Funding arbitrage
    Short Kraken, long Backpack

  • SHIB
    0.0094%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0006%
    Funding arbitrage
    Short Backpack, long Kraken

  • ONDO
    0.0093%
    Gap per 8h
    Backpack per 8h
    -0.0026%
    Kraken per 8h
    0.0067%
    Funding arbitrage
    Short Kraken, long Backpack

  • AVAX
    0.0091%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0009%
    Funding arbitrage
    Short Backpack, long Kraken

  • MON
    0.0079%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0179%
    Funding arbitrage
    Short Kraken, long Backpack

  • LTC
    0.0075%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0175%
    Funding arbitrage
    Short Kraken, long Backpack

  • PYTH
    0.0062%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0038%
    Funding arbitrage
    Short Backpack, long Kraken

  • LDO
    0.0059%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0159%
    Funding arbitrage
    Short Kraken, long Backpack

  • PENGU
    0.0055%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0155%
    Funding arbitrage
    Short Kraken, long Backpack

  • SOL
    0.0042%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0142%
    Funding arbitrage
    Short Kraken, long Backpack

  • XRP
    0.0039%
    Gap per 8h
    Backpack per 8h
    -0.0041%
    Kraken per 8h
    -0.0002%
    Funding arbitrage
    Short Kraken, long Backpack

  • DOGE
    0.0035%
    Gap per 8h
    Backpack per 8h
    0.0050%
    Kraken per 8h
    0.0015%
    Funding arbitrage
    Short Backpack, long Kraken

  • LINK
    0.0025%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0075%
    Funding arbitrage
    Short Backpack, long Kraken

  • WLFI
    0.0016%
    Gap per 8h
    Backpack per 8h
    -0.0394%
    Kraken per 8h
    -0.0378%
    Funding arbitrage
    Short Kraken, long Backpack

  • WIF
    0.0014%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Kraken per 8h
    0.0086%
    Funding arbitrage
    Short Backpack, long Kraken

  • PAXG
    0.0002%
    Gap per 8h
    Backpack per 8h
    0.0033%
    Kraken per 8h
    0.0035%
    Funding arbitrage
    Short Kraken, long Backpack

Showing 55 of 55

Frequently asked questions

Which has higher funding rates, Backpack or Kraken?
Right now Kraken has the higher funding rate on 31 of 55 shared coins.
How often do Backpack and Kraken pay funding?
On shared markets, Backpack pays every 1 hours and Kraken every 1 hours, depending on the contract. Rates on this page are annualized so they compare directly.
Can I arbitrage funding between Backpack and Kraken?
Yes, by going long where funding is lower and short where it is higher. The largest gap right now is MNT at 0.2324% per 8 hours (254.43% APR) before fees.