# Backpack vs Lighter Funding Rates: 71 Coins Compared

As of 2026-10-03 19:26 UTC, Backpack and Lighter share 71 liquid perpetual markets. Backpack has the higher funding rate on 44 of them (62%), and the average gap is 0.0201% per 8 hours (22.00% APR). The widest gap is 2Z at 0.3793% per 8 hours (415.37% APR): short on Lighter and long on Backpack.

| Coin | Backpack per 8h | Lighter per 8h | Gap per 8h | Funding arbitrage |
| --- | --- | --- | --- | --- |
| [2Z](https://arbtide.com/funding-rates/2z) | -0.5745% | -0.1952% | 0.3793% | Short Lighter, long Backpack |
| [BERA](https://arbtide.com/funding-rates/bera) | -0.0989% | 0.0096% | 0.1085% | Short Lighter, long Backpack |
| [CHIP](https://arbtide.com/funding-rates/chip) | -0.0732% | 0.0096% | 0.0828% | Short Lighter, long Backpack |
| [MON](https://arbtide.com/funding-rates/mon) | 0.0816% | 0.0096% | 0.0720% | Short Backpack, long Lighter |
| [AVNT](https://arbtide.com/funding-rates/avnt) | -0.0580% | 0.0096% | 0.0676% | Short Lighter, long Backpack |
| [TRX](https://arbtide.com/funding-rates/trx) | -0.0554% | 0.0072% | 0.0626% | Short Lighter, long Backpack |
| [HBAR](https://arbtide.com/funding-rates/hbar) | -0.0431% | 0.0088% | 0.0519% | Short Lighter, long Backpack |
| [NEAR](https://arbtide.com/funding-rates/near) | 0.0611% | 0.0144% | 0.0467% | Short Backpack, long Lighter |
| [STRK](https://arbtide.com/funding-rates/strk) | -0.0275% | 0.0184% | 0.0459% | Short Lighter, long Backpack |
| [WLD](https://arbtide.com/funding-rates/wld) | 0.0100% | 0.0512% | 0.0412% | Short Lighter, long Backpack |
| [S](https://arbtide.com/funding-rates/s) | -0.0295% | 0.0096% | 0.0391% | Short Lighter, long Backpack |
| [MEGA](https://arbtide.com/funding-rates/mega) | 0.0100% | 0.0480% | 0.0380% | Short Lighter, long Backpack |
| [ZORA](https://arbtide.com/funding-rates/zora) | -0.0247% | 0.0096% | 0.0343% | Short Lighter, long Backpack |
| [CC](https://arbtide.com/funding-rates/cc) | 0.0405% | 0.0096% | 0.0309% | Short Backpack, long Lighter |
| [APT](https://arbtide.com/funding-rates/apt) | 0.0100% | -0.0200% | 0.0300% | Short Backpack, long Lighter |
| [FARTCOIN](https://arbtide.com/funding-rates/fartcoin) | 0.0100% | 0.0400% | 0.0300% | Short Lighter, long Backpack |
| [ENA](https://arbtide.com/funding-rates/ena) | 0.0354% | 0.0096% | 0.0258% | Short Backpack, long Lighter |
| [XMR](https://arbtide.com/funding-rates/xmr) | 0.0337% | 0.0096% | 0.0241% | Short Backpack, long Lighter |
| [VVV](https://arbtide.com/funding-rates/vvv) | 0.0144% | 0.0368% | 0.0224% | Short Lighter, long Backpack |
| [EDGE](https://arbtide.com/funding-rates/edge) | -0.0122% | 0.0096% | 0.0218% | Short Lighter, long Backpack |
| [MET](https://arbtide.com/funding-rates/met) | -0.0092% | 0.0096% | 0.0188% | Short Lighter, long Backpack |
| [ZEC](https://arbtide.com/funding-rates/zec) | 0.0350% | 0.0520% | 0.0170% | Short Lighter, long Backpack |
| [UNI](https://arbtide.com/funding-rates/uni) | -0.0043% | 0.0096% | 0.0139% | Short Lighter, long Backpack |
| [WLFI](https://arbtide.com/funding-rates/wlfi) | -0.0034% | -0.0168% | 0.0134% | Short Backpack, long Lighter |
| [XPL](https://arbtide.com/funding-rates/xpl) | -0.0032% | 0.0096% | 0.0128% | Short Lighter, long Backpack |
| [OP](https://arbtide.com/funding-rates/op) | -0.0025% | 0.0096% | 0.0121% | Short Lighter, long Backpack |
| [PAXG](https://arbtide.com/funding-rates/paxg) | -0.0013% | 0.0096% | 0.0109% | Short Lighter, long Backpack |
| [SKR](https://arbtide.com/funding-rates/skr) | 0.0100% | 0.0208% | 0.0108% | Short Lighter, long Backpack |
| [PUMP](https://arbtide.com/funding-rates/pump) | 0.0163% | 0.0096% | 0.0067% | Short Backpack, long Lighter |
| [LDO](https://arbtide.com/funding-rates/ldo) | 0.0041% | 0.0096% | 0.0055% | Short Lighter, long Backpack |
| [TRUMP](https://arbtide.com/funding-rates/trump) | 0.0044% | 0.0096% | 0.0052% | Short Lighter, long Backpack |
| [ADA](https://arbtide.com/funding-rates/ada) | -0.0220% | -0.0168% | 0.0052% | Short Lighter, long Backpack |
| [PENDLE](https://arbtide.com/funding-rates/pendle) | 0.0143% | 0.0096% | 0.0047% | Short Backpack, long Lighter |
| [GRAM](https://arbtide.com/funding-rates/gram) | 0.0051% | 0.0096% | 0.0045% | Short Lighter, long Backpack |
| [ZRO](https://arbtide.com/funding-rates/zro) | 0.0100% | 0.0144% | 0.0044% | Short Lighter, long Backpack |
| [XRP](https://arbtide.com/funding-rates/xrp) | 0.0003% | -0.0040% | 0.0043% | Short Backpack, long Lighter |
| [SOL](https://arbtide.com/funding-rates/sol) | 0.0009% | 0.0040% | 0.0031% | Short Lighter, long Backpack |
| [BTC](https://arbtide.com/funding-rates/btc) | 0.0100% | 0.0072% | 0.0028% | Short Backpack, long Lighter |
| [VIRTUAL](https://arbtide.com/funding-rates/virtual) | 0.0100% | 0.0072% | 0.0028% | Short Backpack, long Lighter |
| [AAVE](https://arbtide.com/funding-rates/aave) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [BNB](https://arbtide.com/funding-rates/bnb) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [ETH](https://arbtide.com/funding-rates/eth) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [HYPE](https://arbtide.com/funding-rates/hype) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [LINK](https://arbtide.com/funding-rates/link) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [LTC](https://arbtide.com/funding-rates/ltc) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [SUI](https://arbtide.com/funding-rates/sui) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [ARB](https://arbtide.com/funding-rates/arb) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [AVAX](https://arbtide.com/funding-rates/avax) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [CRV](https://arbtide.com/funding-rates/crv) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [DOGE](https://arbtide.com/funding-rates/doge) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [PEPE](https://arbtide.com/funding-rates/pepe) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [TAO](https://arbtide.com/funding-rates/tao) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [DOT](https://arbtide.com/funding-rates/dot) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [JUP](https://arbtide.com/funding-rates/jup) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [ONDO](https://arbtide.com/funding-rates/ondo) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [TIA](https://arbtide.com/funding-rates/tia) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [WIF](https://arbtide.com/funding-rates/wif) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [XLM](https://arbtide.com/funding-rates/xlm) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [ASTER](https://arbtide.com/funding-rates/aster) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [JTO](https://arbtide.com/funding-rates/jto) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [KAITO](https://arbtide.com/funding-rates/kaito) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [PENGU](https://arbtide.com/funding-rates/pengu) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [SEI](https://arbtide.com/funding-rates/sei) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [PYTH](https://arbtide.com/funding-rates/pyth) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [SHIB](https://arbtide.com/funding-rates/shib) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [BONK](https://arbtide.com/funding-rates/bonk) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [LIT](https://arbtide.com/funding-rates/lit) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [AERO](https://arbtide.com/funding-rates/aero) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [LINEA](https://arbtide.com/funding-rates/linea) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [0G](https://arbtide.com/funding-rates/0g) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |
| [MNT](https://arbtide.com/funding-rates/mnt) | 0.0100% | 0.0096% | 0.0004% | Short Backpack, long Lighter |

## Frequently asked questions

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

Right now Backpack has the higher funding rate on 44 of 71 shared coins.

### How often do Backpack and Lighter pay funding?

On shared markets, Backpack pays every 1 hours and Lighter every 8 hours, depending on the contract. Rates on this page are annualized so they compare directly.

### Can I arbitrage funding between Backpack and Lighter?

Yes, by going long where funding is lower and short where it is higher. The largest gap right now is 2Z at 0.3793% per 8 hours (415.37% APR) before fees.