# Backpack vs Kraken Funding Rates: 55 Coins Compared

As of 2026-10-03 08:45 UTC, Backpack and Kraken share 55 liquid perpetual markets. Backpack has the higher funding rate on 36 of them (65%), and the average gap is 0.0228% per 8 hours (25.00% APR). The widest gap is JUP at 0.0807% per 8 hours (88.34% APR): short on Backpack and long on Kraken.

| Coin | Backpack per 8h | Kraken per 8h | Gap per 8h | Funding arbitrage |
| --- | --- | --- | --- | --- |
| [JUP](https://arbtide.com/funding-rates/jup) | 0.0100% | -0.0707% | 0.0807% | Short Backpack, long Kraken |
| [JTO](https://arbtide.com/funding-rates/jto) | 0.0066% | -0.0703% | 0.0769% | Short Backpack, long Kraken |
| [ASTER](https://arbtide.com/funding-rates/aster) | 0.0100% | 0.0789% | 0.0689% | Short Kraken, long Backpack |
| [STRK](https://arbtide.com/funding-rates/strk) | 0.0100% | -0.0402% | 0.0502% | Short Backpack, long Kraken |
| [TIA](https://arbtide.com/funding-rates/tia) | -0.0144% | 0.0328% | 0.0472% | Short Kraken, long Backpack |
| [APT](https://arbtide.com/funding-rates/apt) | 0.0100% | 0.0559% | 0.0459% | Short Kraken, long Backpack |
| [BONK](https://arbtide.com/funding-rates/bonk) | -0.0058% | -0.0491% | 0.0433% | Short Backpack, long Kraken |
| [PENGU](https://arbtide.com/funding-rates/pengu) | -0.0513% | -0.0097% | 0.0416% | Short Kraken, long Backpack |
| [MNT](https://arbtide.com/funding-rates/mnt) | 0.0030% | 0.0443% | 0.0413% | Short Kraken, long Backpack |
| [UNI](https://arbtide.com/funding-rates/uni) | -0.0675% | -0.0268% | 0.0407% | Short Kraken, long Backpack |
| [PENDLE](https://arbtide.com/funding-rates/pendle) | 0.0100% | -0.0296% | 0.0396% | Short Backpack, long Kraken |
| [OP](https://arbtide.com/funding-rates/op) | 0.0100% | 0.0478% | 0.0378% | Short Kraken, long Backpack |
| [BNB](https://arbtide.com/funding-rates/bnb) | 0.0100% | -0.0240% | 0.0340% | Short Backpack, long Kraken |
| [VIRTUAL](https://arbtide.com/funding-rates/virtual) | 0.0100% | -0.0236% | 0.0336% | Short Backpack, long Kraken |
| [TRUMP](https://arbtide.com/funding-rates/trump) | -0.0122% | 0.0209% | 0.0331% | Short Kraken, long Backpack |
| [WLFI](https://arbtide.com/funding-rates/wlfi) | 0.0100% | -0.0228% | 0.0328% | Short Backpack, long Kraken |
| [ONDO](https://arbtide.com/funding-rates/ondo) | -0.0116% | -0.0428% | 0.0311% | Short Backpack, long Kraken |
| [XLM](https://arbtide.com/funding-rates/xlm) | 0.0100% | -0.0194% | 0.0294% | Short Backpack, long Kraken |
| [PEPE](https://arbtide.com/funding-rates/pepe) | 0.0092% | -0.0184% | 0.0275% | Short Backpack, long Kraken |
| [SHIB](https://arbtide.com/funding-rates/shib) | 0.0100% | -0.0170% | 0.0270% | Short Backpack, long Kraken |
| [ZRO](https://arbtide.com/funding-rates/zro) | 0.0042% | 0.0312% | 0.0270% | Short Kraken, long Backpack |
| [CRV](https://arbtide.com/funding-rates/crv) | 0.0100% | 0.0337% | 0.0237% | Short Kraken, long Backpack |
| [PYTH](https://arbtide.com/funding-rates/pyth) | 0.0100% | -0.0123% | 0.0223% | Short Backpack, long Kraken |
| [SEI](https://arbtide.com/funding-rates/sei) | 0.0100% | 0.0320% | 0.0220% | Short Kraken, long Backpack |
| [PUMP](https://arbtide.com/funding-rates/pump) | 0.0232% | 0.0014% | 0.0218% | Short Backpack, long Kraken |
| [DOT](https://arbtide.com/funding-rates/dot) | -0.0368% | -0.0151% | 0.0217% | Short Kraken, long Backpack |
| [NEAR](https://arbtide.com/funding-rates/near) | 0.0244% | 0.0048% | 0.0196% | Short Backpack, long Kraken |
| [DOGE](https://arbtide.com/funding-rates/doge) | 0.0100% | -0.0094% | 0.0194% | Short Backpack, long Kraken |
| [MON](https://arbtide.com/funding-rates/mon) | 0.0100% | -0.0079% | 0.0179% | Short Backpack, long Kraken |
| [AAVE](https://arbtide.com/funding-rates/aave) | 0.0100% | -0.0069% | 0.0169% | Short Backpack, long Kraken |
| [ENA](https://arbtide.com/funding-rates/ena) | 0.0100% | -0.0068% | 0.0168% | Short Backpack, long Kraken |
| [WLD](https://arbtide.com/funding-rates/wld) | 0.0100% | -0.0049% | 0.0149% | Short Backpack, long Kraken |
| [KAITO](https://arbtide.com/funding-rates/kaito) | -0.1355% | -0.1503% | 0.0149% | Short Backpack, long Kraken |
| [BTC](https://arbtide.com/funding-rates/btc) | 0.0100% | -0.0045% | 0.0145% | Short Backpack, long Kraken |
| [SOL](https://arbtide.com/funding-rates/sol) | -0.0013% | 0.0109% | 0.0122% | Short Kraken, long Backpack |
| [TRX](https://arbtide.com/funding-rates/trx) | -0.0013% | -0.0119% | 0.0106% | Short Backpack, long Kraken |
| [HBAR](https://arbtide.com/funding-rates/hbar) | 0.0100% | 0.0204% | 0.0104% | Short Kraken, long Backpack |
| [ETH](https://arbtide.com/funding-rates/eth) | 0.0035% | -0.0044% | 0.0079% | Short Backpack, long Kraken |
| [WIF](https://arbtide.com/funding-rates/wif) | -0.0051% | -0.0128% | 0.0077% | Short Backpack, long Kraken |
| [LINK](https://arbtide.com/funding-rates/link) | 0.0100% | 0.0174% | 0.0074% | Short Kraken, long Backpack |
| [XMR](https://arbtide.com/funding-rates/xmr) | 0.0100% | 0.0033% | 0.0067% | Short Backpack, long Kraken |
| [XRP](https://arbtide.com/funding-rates/xrp) | 0.0020% | -0.0045% | 0.0065% | Short Backpack, long Kraken |
| [FARTCOIN](https://arbtide.com/funding-rates/fartcoin) | 0.0100% | 0.0165% | 0.0065% | Short Kraken, long Backpack |
| [W](https://arbtide.com/funding-rates/w) | 0.0100% | 0.0036% | 0.0064% | Short Backpack, long Kraken |
| [AVAX](https://arbtide.com/funding-rates/avax) | -0.0011% | -0.0068% | 0.0057% | Short Backpack, long Kraken |
| [PAXG](https://arbtide.com/funding-rates/paxg) | 0.0049% | -0.0008% | 0.0056% | Short Backpack, long Kraken |
| [TAO](https://arbtide.com/funding-rates/tao) | 0.0097% | 0.0152% | 0.0055% | Short Kraken, long Backpack |
| [ADA](https://arbtide.com/funding-rates/ada) | 0.0100% | 0.0053% | 0.0047% | Short Backpack, long Kraken |
| [SUI](https://arbtide.com/funding-rates/sui) | 0.0100% | 0.0060% | 0.0040% | Short Backpack, long Kraken |
| [LDO](https://arbtide.com/funding-rates/ldo) | 0.0100% | 0.0134% | 0.0034% | Short Kraken, long Backpack |
| [ARB](https://arbtide.com/funding-rates/arb) | 0.0100% | 0.0074% | 0.0026% | Short Backpack, long Kraken |
| [HYPE](https://arbtide.com/funding-rates/hype) | 0.0100% | 0.0082% | 0.0018% | Short Backpack, long Kraken |
| [ZEC](https://arbtide.com/funding-rates/zec) | 0.0230% | 0.0215% | 0.0015% | Short Backpack, long Kraken |
| [XPL](https://arbtide.com/funding-rates/xpl) | 0.0100% | 0.0086% | 0.0014% | Short Backpack, long Kraken |
| [LTC](https://arbtide.com/funding-rates/ltc) | 0.0010% | 0.0023% | 0.0013% | Short Kraken, long Backpack |

## Frequently asked questions

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

Right now Backpack has the higher funding rate on 36 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 JUP at 0.0807% per 8 hours (88.34% APR) before fees.