Which has higher funding rates, Backpack or MEXC?

Right now Backpack has the higher funding rate on 37 of 72 shared coins.

How often do Backpack and MEXC pay funding?

On shared markets, Backpack pays every 1 hours and MEXC every 4 and 8 hours, depending on the contract. Rates on this page are annualized so they compare directly.

Can I arbitrage funding between Backpack and MEXC?

Yes, by going long where funding is lower and short where it is higher. The largest gap right now is 2Z at 0.2855% per 8 hours (312.65% APR) before fees.

Backpack vs MEXC Funding Rates: 72 Coins Compared

As of 2026-10-03 00:21 UTC, Backpack and MEXC share 72 liquid perpetual markets. Backpack has the higher funding rate on 37 of them (51%), and the average gap is 0.0212% per 8 hours (23.21% APR). The widest gap is 2Z at 0.2855% per 8 hours (312.65% APR): short on Backpack and long on MEXC.

LiveAs of 2026-10-03 00:21 UTC · refreshes every 30 s

Backpack funding rates MEXC funding rates

Largest funding gaps between Backpack and MEXC

Sort by

2Z
0.2855%
Gap per 8h
Backpack per 8h
-0.4565%
MEXC per 8h
-0.7420%
Funding arbitrage
Short Backpack, long MEXC
MNT
0.1208%
Gap per 8h
Backpack per 8h
-0.1200%
MEXC per 8h
0.0008%
Funding arbitrage
Short MEXC, long Backpack
SKR
0.1205%
Gap per 8h
Backpack per 8h
0.1305%
MEXC per 8h
0.0100%
Funding arbitrage
Short Backpack, long MEXC
EDGE
0.1126%
Gap per 8h
Backpack per 8h
-0.1026%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
CC
0.0955%
Gap per 8h
Backpack per 8h
0.1055%
MEXC per 8h
0.0100%
Funding arbitrage
Short Backpack, long MEXC
KMNO
0.0527%
Gap per 8h
Backpack per 8h
-0.0427%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
PENGU
0.0523%
Gap per 8h
Backpack per 8h
-0.0423%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
PEPE
0.0403%
Gap per 8h
Backpack per 8h
-0.0074%
MEXC per 8h
-0.0477%
Funding arbitrage
Short Backpack, long MEXC
AERO
0.0400%
Gap per 8h
Backpack per 8h
0.0500%
MEXC per 8h
0.0100%
Funding arbitrage
Short Backpack, long MEXC
NEAR
0.0392%
Gap per 8h
Backpack per 8h
0.0492%
MEXC per 8h
0.0100%
Funding arbitrage
Short Backpack, long MEXC
BILL
0.0387%
Gap per 8h
Backpack per 8h
-0.0287%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
HBAR
0.0357%
Gap per 8h
Backpack per 8h
-0.0367%
MEXC per 8h
-0.0010%
Funding arbitrage
Short MEXC, long Backpack
ZEC
0.0302%
Gap per 8h
Backpack per 8h
0.0402%
MEXC per 8h
0.0100%
Funding arbitrage
Short Backpack, long MEXC
PYTH
0.0294%
Gap per 8h
Backpack per 8h
0.0394%
MEXC per 8h
0.0100%
Funding arbitrage
Short Backpack, long MEXC
ZRO
0.0283%
Gap per 8h
Backpack per 8h
0.0383%
MEXC per 8h
0.0100%
Funding arbitrage
Short Backpack, long MEXC
ENA
0.0280%
Gap per 8h
Backpack per 8h
-0.0208%
MEXC per 8h
0.0072%
Funding arbitrage
Short MEXC, long Backpack
XPL
0.0270%
Gap per 8h
Backpack per 8h
-0.0170%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
ZORA
0.0265%
Gap per 8h
Backpack per 8h
-0.0165%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
BONK
0.0238%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
-0.0138%
Funding arbitrage
Short Backpack, long MEXC
ARB
0.0191%
Gap per 8h
Backpack per 8h
0.0097%
MEXC per 8h
-0.0094%
Funding arbitrage
Short Backpack, long MEXC
XRP
0.0188%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
-0.0088%
Funding arbitrage
Short Backpack, long MEXC
LINK
0.0184%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
-0.0084%
Funding arbitrage
Short Backpack, long MEXC
XLM
0.0178%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
-0.0078%
Funding arbitrage
Short Backpack, long MEXC
APT
0.0172%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
-0.0072%
Funding arbitrage
Short Backpack, long MEXC
SHIB
0.0161%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
-0.0061%
Funding arbitrage
Short Backpack, long MEXC
DOGE
0.0132%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
-0.0032%
Funding arbitrage
Short Backpack, long MEXC
LINEA
0.0119%
Gap per 8h
Backpack per 8h
0.0149%
MEXC per 8h
0.0030%
Funding arbitrage
Short Backpack, long MEXC
PENDLE
0.0118%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
-0.0018%
Funding arbitrage
Short Backpack, long MEXC
TIA
0.0110%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
-0.0010%
Funding arbitrage
Short Backpack, long MEXC
PAXG
0.0109%
Gap per 8h
Backpack per 8h
-0.0009%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
JUP
0.0102%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
-0.0002%
Funding arbitrage
Short Backpack, long MEXC
SUI
0.0097%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0003%
Funding arbitrage
Short Backpack, long MEXC
ETH
0.0087%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0013%
Funding arbitrage
Short Backpack, long MEXC
LDO
0.0084%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0016%
Funding arbitrage
Short Backpack, long MEXC
LTC
0.0084%
Gap per 8h
Backpack per 8h
-0.0080%
MEXC per 8h
0.0004%
Funding arbitrage
Short MEXC, long Backpack
CHIP
0.0075%
Gap per 8h
Backpack per 8h
0.0025%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
OP
0.0074%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0026%
Funding arbitrage
Short Backpack, long MEXC
VIRTUAL
0.0072%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0028%
Funding arbitrage
Short Backpack, long MEXC
TAO
0.0070%
Gap per 8h
Backpack per 8h
-0.0214%
MEXC per 8h
-0.0144%
Funding arbitrage
Short MEXC, long Backpack
BNB
0.0069%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0031%
Funding arbitrage
Short Backpack, long MEXC
ASTER
0.0068%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0032%
Funding arbitrage
Short Backpack, long MEXC
BTC
0.0058%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0042%
Funding arbitrage
Short Backpack, long MEXC
SEI
0.0055%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0045%
Funding arbitrage
Short Backpack, long MEXC
DOT
0.0050%
Gap per 8h
Backpack per 8h
-0.0091%
MEXC per 8h
-0.0041%
Funding arbitrage
Short MEXC, long Backpack
AVAX
0.0048%
Gap per 8h
Backpack per 8h
-0.0080%
MEXC per 8h
-0.0128%
Funding arbitrage
Short Backpack, long MEXC
SOL
0.0047%
Gap per 8h
Backpack per 8h
-0.0112%
MEXC per 8h
-0.0065%
Funding arbitrage
Short MEXC, long Backpack
TRX
0.0044%
Gap per 8h
Backpack per 8h
-0.0441%
MEXC per 8h
-0.0397%
Funding arbitrage
Short MEXC, long Backpack
CRV
0.0036%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0064%
Funding arbitrage
Short Backpack, long MEXC
XMR
0.0031%
Gap per 8h
Backpack per 8h
0.0131%
MEXC per 8h
0.0100%
Funding arbitrage
Short Backpack, long MEXC
AAVE
0.0026%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0074%
Funding arbitrage
Short Backpack, long MEXC
JTO
0.0020%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0080%
Funding arbitrage
Short Backpack, long MEXC
VVV
0.0013%
Gap per 8h
Backpack per 8h
0.0113%
MEXC per 8h
0.0100%
Funding arbitrage
Short Backpack, long MEXC
ADA
0.0010%
Gap per 8h
Backpack per 8h
-0.0109%
MEXC per 8h
-0.0099%
Funding arbitrage
Short MEXC, long Backpack
LIT
0.0008%
Gap per 8h
Backpack per 8h
0.0108%
MEXC per 8h
0.0100%
Funding arbitrage
Short Backpack, long MEXC
HYPE
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
UNI
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
WLD
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
ONDO
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
TRUMP
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
WIF
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
WLFI
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
KAITO
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
FARTCOIN
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
S
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
STRK
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
MEGA
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
W
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
AVNT
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
BERA
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
GRAM
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
MET
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack
0G
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
MEXC per 8h
0.0100%
Funding arbitrage
Short MEXC, long Backpack

Backpack vs MEXC Funding Rates: 72 Coins Compared

2Z	-0.4565%	-0.7420%	0.2855%	Short Backpack, long MEXC
MNT	-0.1200%	0.0008%	0.1208%	Short MEXC, long Backpack
SKR	0.1305%	0.0100%	0.1205%	Short Backpack, long MEXC
EDGE	-0.1026%	0.0100%	0.1126%	Short MEXC, long Backpack
CC	0.1055%	0.0100%	0.0955%	Short Backpack, long MEXC
KMNO	-0.0427%	0.0100%	0.0527%	Short MEXC, long Backpack
PENGU	-0.0423%	0.0100%	0.0523%	Short MEXC, long Backpack
PEPE	-0.0074%	-0.0477%	0.0403%	Short Backpack, long MEXC
AERO	0.0500%	0.0100%	0.0400%	Short Backpack, long MEXC
NEAR	0.0492%	0.0100%	0.0392%	Short Backpack, long MEXC
BILL	-0.0287%	0.0100%	0.0387%	Short MEXC, long Backpack
HBAR	-0.0367%	-0.0010%	0.0357%	Short MEXC, long Backpack
ZEC	0.0402%	0.0100%	0.0302%	Short Backpack, long MEXC
PYTH	0.0394%	0.0100%	0.0294%	Short Backpack, long MEXC
ZRO	0.0383%	0.0100%	0.0283%	Short Backpack, long MEXC
ENA	-0.0208%	0.0072%	0.0280%	Short MEXC, long Backpack
XPL	-0.0170%	0.0100%	0.0270%	Short MEXC, long Backpack
ZORA	-0.0165%	0.0100%	0.0265%	Short MEXC, long Backpack
BONK	0.0100%	-0.0138%	0.0238%	Short Backpack, long MEXC
ARB	0.0097%	-0.0094%	0.0191%	Short Backpack, long MEXC
XRP	0.0100%	-0.0088%	0.0188%	Short Backpack, long MEXC
LINK	0.0100%	-0.0084%	0.0184%	Short Backpack, long MEXC
XLM	0.0100%	-0.0078%	0.0178%	Short Backpack, long MEXC
APT	0.0100%	-0.0072%	0.0172%	Short Backpack, long MEXC
SHIB	0.0100%	-0.0061%	0.0161%	Short Backpack, long MEXC
DOGE	0.0100%	-0.0032%	0.0132%	Short Backpack, long MEXC
LINEA	0.0149%	0.0030%	0.0119%	Short Backpack, long MEXC
PENDLE	0.0100%	-0.0018%	0.0118%	Short Backpack, long MEXC
TIA	0.0100%	-0.0010%	0.0110%	Short Backpack, long MEXC
PAXG	-0.0009%	0.0100%	0.0109%	Short MEXC, long Backpack
JUP	0.0100%	-0.0002%	0.0102%	Short Backpack, long MEXC
SUI	0.0100%	0.0003%	0.0097%	Short Backpack, long MEXC
ETH	0.0100%	0.0013%	0.0087%	Short Backpack, long MEXC
LDO	0.0100%	0.0016%	0.0084%	Short Backpack, long MEXC
LTC	-0.0080%	0.0004%	0.0084%	Short MEXC, long Backpack
CHIP	0.0025%	0.0100%	0.0075%	Short MEXC, long Backpack
OP	0.0100%	0.0026%	0.0074%	Short Backpack, long MEXC
VIRTUAL	0.0100%	0.0028%	0.0072%	Short Backpack, long MEXC
TAO	-0.0214%	-0.0144%	0.0070%	Short MEXC, long Backpack
BNB	0.0100%	0.0031%	0.0069%	Short Backpack, long MEXC
ASTER	0.0100%	0.0032%	0.0068%	Short Backpack, long MEXC
BTC	0.0100%	0.0042%	0.0058%	Short Backpack, long MEXC
SEI	0.0100%	0.0045%	0.0055%	Short Backpack, long MEXC
DOT	-0.0091%	-0.0041%	0.0050%	Short MEXC, long Backpack
AVAX	-0.0080%	-0.0128%	0.0048%	Short Backpack, long MEXC
SOL	-0.0112%	-0.0065%	0.0047%	Short MEXC, long Backpack
TRX	-0.0441%	-0.0397%	0.0044%	Short MEXC, long Backpack
CRV	0.0100%	0.0064%	0.0036%	Short Backpack, long MEXC
XMR	0.0131%	0.0100%	0.0031%	Short Backpack, long MEXC
AAVE	0.0100%	0.0074%	0.0026%	Short Backpack, long MEXC
JTO	0.0100%	0.0080%	0.0020%	Short Backpack, long MEXC
VVV	0.0113%	0.0100%	0.0013%	Short Backpack, long MEXC
ADA	-0.0109%	-0.0099%	0.0010%	Short MEXC, long Backpack
LIT	0.0108%	0.0100%	0.0008%	Short Backpack, long MEXC
HYPE	0.0100%	0.0100%	0.0000%	Short MEXC, long Backpack
UNI	0.0100%	0.0100%	0.0000%	Short MEXC, long Backpack
WLD	0.0100%	0.0100%	0.0000%	Short MEXC, long Backpack
ONDO	0.0100%	0.0100%	0.0000%	Short MEXC, long Backpack
TRUMP	0.0100%	0.0100%	0.0000%	Short MEXC, long Backpack
WIF	0.0100%	0.0100%	0.0000%	Short MEXC, long Backpack
WLFI	0.0100%	0.0100%	0.0000%	Short MEXC, long Backpack
KAITO	0.0100%	0.0100%	0.0000%	Short MEXC, long Backpack
FARTCOIN	0.0100%	0.0100%	0.0000%	Short MEXC, long Backpack
S	0.0100%	0.0100%	0.0000%	Short MEXC, long Backpack
STRK	0.0100%	0.0100%	0.0000%	Short MEXC, long Backpack
MEGA	0.0100%	0.0100%	0.0000%	Short MEXC, long Backpack
W	0.0100%	0.0100%	0.0000%	Short MEXC, long Backpack
AVNT	0.0100%	0.0100%	0.0000%	Short MEXC, long Backpack
BERA	0.0100%	0.0100%	0.0000%	Short MEXC, long Backpack
GRAM	0.0100%	0.0100%	0.0000%	Short MEXC, long Backpack
MET	0.0100%	0.0100%	0.0000%	Short MEXC, long Backpack
0G	0.0100%	0.0100%	0.0000%	Short MEXC, long Backpack

Showing 72 of 72

Frequently asked questions

Which has higher funding rates, Backpack or MEXC?: Right now Backpack has the higher funding rate on 37 of 72 shared coins.
How often do Backpack and MEXC pay funding?: On shared markets, Backpack pays every 1 hours and MEXC every 4 and 8 hours, depending on the contract. Rates on this page are annualized so they compare directly.
Can I arbitrage funding between Backpack and MEXC?: Yes, by going long where funding is lower and short where it is higher. The largest gap right now is 2Z at 0.2855% per 8 hours (312.65% APR) before fees.