Which has higher funding rates, Backpack or OKX?

Right now Backpack has the higher funding rate on 36 of 70 shared coins.

How often do Backpack and OKX pay funding?

On shared markets, Backpack pays every 1 hours and OKX 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 OKX?

Yes, by going long where funding is lower and short where it is higher. The largest gap right now is 2Z at 0.2305% per 8 hours (252.45% APR) before fees.

Backpack vs OKX Funding Rates: 70 Coins Compared

As of 2026-10-03 01:36 UTC, Backpack and OKX share 70 liquid perpetual markets. Backpack has the higher funding rate on 36 of them (51%), and the average gap is 0.0192% per 8 hours (21.02% APR). The widest gap is 2Z at 0.2305% per 8 hours (252.45% APR): short on Backpack and long on OKX.

LiveAs of 2026-10-03 01:36 UTC · refreshes every 30 s

Backpack funding rates OKX funding rates

Largest funding gaps between Backpack and OKX

Sort by

2Z
0.2305%
Gap per 8h
Backpack per 8h
-0.3387%
OKX per 8h
-0.5692%
Funding arbitrage
Short Backpack, long OKX
EDGE
0.1073%
Gap per 8h
Backpack per 8h
-0.0973%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
CC
0.0969%
Gap per 8h
Backpack per 8h
0.1069%
OKX per 8h
0.0100%
Funding arbitrage
Short Backpack, long OKX
CHIP
0.0878%
Gap per 8h
Backpack per 8h
-0.0778%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
PYTH
0.0700%
Gap per 8h
Backpack per 8h
-0.0600%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
KMNO
0.0621%
Gap per 8h
Backpack per 8h
-0.0620%
OKX per 8h
0.0002%
Funding arbitrage
Short OKX, long Backpack
HBAR
0.0542%
Gap per 8h
Backpack per 8h
-0.0467%
OKX per 8h
0.0075%
Funding arbitrage
Short OKX, long Backpack
FARTCOIN
0.0508%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0608%
Funding arbitrage
Short OKX, long Backpack
BILL
0.0423%
Gap per 8h
Backpack per 8h
-0.0323%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
PUMP
0.0317%
Gap per 8h
Backpack per 8h
0.0351%
OKX per 8h
0.0034%
Funding arbitrage
Short Backpack, long OKX
TRUMP
0.0277%
Gap per 8h
Backpack per 8h
-0.0177%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
NEAR
0.0256%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
-0.0156%
Funding arbitrage
Short Backpack, long OKX
JTO
0.0243%
Gap per 8h
Backpack per 8h
0.0226%
OKX per 8h
-0.0017%
Funding arbitrage
Short Backpack, long OKX
ZRO
0.0233%
Gap per 8h
Backpack per 8h
-0.0375%
OKX per 8h
-0.0141%
Funding arbitrage
Short OKX, long Backpack
BNB
0.0232%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
-0.0132%
Funding arbitrage
Short Backpack, long OKX
PENGU
0.0226%
Gap per 8h
Backpack per 8h
-0.0344%
OKX per 8h
-0.0118%
Funding arbitrage
Short OKX, long Backpack
ARB
0.0212%
Gap per 8h
Backpack per 8h
-0.0291%
OKX per 8h
-0.0079%
Funding arbitrage
Short OKX, long Backpack
PEPE
0.0212%
Gap per 8h
Backpack per 8h
0.0000%
OKX per 8h
-0.0211%
Funding arbitrage
Short Backpack, long OKX
VIRTUAL
0.0205%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
-0.0105%
Funding arbitrage
Short Backpack, long OKX
XLM
0.0200%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
-0.0100%
Funding arbitrage
Short Backpack, long OKX
PENDLE
0.0191%
Gap per 8h
Backpack per 8h
0.0291%
OKX per 8h
0.0100%
Funding arbitrage
Short Backpack, long OKX
LIT
0.0188%
Gap per 8h
Backpack per 8h
0.0288%
OKX per 8h
0.0100%
Funding arbitrage
Short Backpack, long OKX
TIA
0.0179%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
-0.0079%
Funding arbitrage
Short Backpack, long OKX
ZORA
0.0176%
Gap per 8h
Backpack per 8h
-0.0169%
OKX per 8h
0.0007%
Funding arbitrage
Short OKX, long Backpack
DOT
0.0176%
Gap per 8h
Backpack per 8h
0.0014%
OKX per 8h
-0.0162%
Funding arbitrage
Short Backpack, long OKX
ADA
0.0141%
Gap per 8h
Backpack per 8h
0.0017%
OKX per 8h
-0.0123%
Funding arbitrage
Short Backpack, long OKX
TAO
0.0132%
Gap per 8h
Backpack per 8h
-0.0181%
OKX per 8h
-0.0313%
Funding arbitrage
Short Backpack, long OKX
APT
0.0116%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
-0.0016%
Funding arbitrage
Short Backpack, long OKX
BTC
0.0112%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
-0.0012%
Funding arbitrage
Short Backpack, long OKX
XRP
0.0109%
Gap per 8h
Backpack per 8h
0.0079%
OKX per 8h
-0.0030%
Funding arbitrage
Short Backpack, long OKX
ZEC
0.0107%
Gap per 8h
Backpack per 8h
0.0207%
OKX per 8h
0.0100%
Funding arbitrage
Short Backpack, long OKX
KAITO
0.0100%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0000%
Funding arbitrage
Short Backpack, long OKX
JUP
0.0089%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0011%
Funding arbitrage
Short Backpack, long OKX
MON
0.0087%
Gap per 8h
Backpack per 8h
0.0049%
OKX per 8h
-0.0038%
Funding arbitrage
Short Backpack, long OKX
ENA
0.0086%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0014%
Funding arbitrage
Short Backpack, long OKX
XPL
0.0077%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0023%
Funding arbitrage
Short Backpack, long OKX
ETH
0.0071%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0029%
Funding arbitrage
Short Backpack, long OKX
WIF
0.0068%
Gap per 8h
Backpack per 8h
0.0032%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
LINK
0.0063%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0037%
Funding arbitrage
Short Backpack, long OKX
HYPE
0.0063%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0037%
Funding arbitrage
Short Backpack, long OKX
DOGE
0.0062%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0038%
Funding arbitrage
Short Backpack, long OKX
TRX
0.0062%
Gap per 8h
Backpack per 8h
-0.0354%
OKX per 8h
-0.0293%
Funding arbitrage
Short OKX, long Backpack
BONK
0.0056%
Gap per 8h
Backpack per 8h
0.0036%
OKX per 8h
0.0091%
Funding arbitrage
Short OKX, long Backpack
SHIB
0.0048%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0052%
Funding arbitrage
Short Backpack, long OKX
LTC
0.0046%
Gap per 8h
Backpack per 8h
0.0034%
OKX per 8h
-0.0012%
Funding arbitrage
Short Backpack, long OKX
CRV
0.0045%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0055%
Funding arbitrage
Short Backpack, long OKX
SOL
0.0035%
Gap per 8h
Backpack per 8h
0.0022%
OKX per 8h
-0.0013%
Funding arbitrage
Short Backpack, long OKX
VVV
0.0031%
Gap per 8h
Backpack per 8h
0.0131%
OKX per 8h
0.0100%
Funding arbitrage
Short Backpack, long OKX
ONDO
0.0026%
Gap per 8h
Backpack per 8h
0.0074%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
OP
0.0025%
Gap per 8h
Backpack per 8h
0.0075%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
SUI
0.0018%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0082%
Funding arbitrage
Short Backpack, long OKX
AERO
0.0011%
Gap per 8h
Backpack per 8h
0.0111%
OKX per 8h
0.0100%
Funding arbitrage
Short Backpack, long OKX
AVAX
0.0004%
Gap per 8h
Backpack per 8h
-0.0051%
OKX per 8h
-0.0047%
Funding arbitrage
Short OKX, long Backpack
AAVE
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short Backpack, long OKX
UNI
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
LDO
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
WLD
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
ASTER
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
SEI
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
WLFI
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
S
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
STRK
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
AVNT
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
BERA
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
MEGA
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
W
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
LINEA
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
GRAM
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
MET
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
0G
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack

Backpack vs OKX Funding Rates: 70 Coins Compared

2Z	-0.3387%	-0.5692%	0.2305%	Short Backpack, long OKX
EDGE	-0.0973%	0.0100%	0.1073%	Short OKX, long Backpack
CC	0.1069%	0.0100%	0.0969%	Short Backpack, long OKX
CHIP	-0.0778%	0.0100%	0.0878%	Short OKX, long Backpack
PYTH	-0.0600%	0.0100%	0.0700%	Short OKX, long Backpack
KMNO	-0.0620%	0.0002%	0.0621%	Short OKX, long Backpack
HBAR	-0.0467%	0.0075%	0.0542%	Short OKX, long Backpack
FARTCOIN	0.0100%	0.0608%	0.0508%	Short OKX, long Backpack
BILL	-0.0323%	0.0100%	0.0423%	Short OKX, long Backpack
PUMP	0.0351%	0.0034%	0.0317%	Short Backpack, long OKX
TRUMP	-0.0177%	0.0100%	0.0277%	Short OKX, long Backpack
NEAR	0.0100%	-0.0156%	0.0256%	Short Backpack, long OKX
JTO	0.0226%	-0.0017%	0.0243%	Short Backpack, long OKX
ZRO	-0.0375%	-0.0141%	0.0233%	Short OKX, long Backpack
BNB	0.0100%	-0.0132%	0.0232%	Short Backpack, long OKX
PENGU	-0.0344%	-0.0118%	0.0226%	Short OKX, long Backpack
ARB	-0.0291%	-0.0079%	0.0212%	Short OKX, long Backpack
PEPE	0.0000%	-0.0211%	0.0212%	Short Backpack, long OKX
VIRTUAL	0.0100%	-0.0105%	0.0205%	Short Backpack, long OKX
XLM	0.0100%	-0.0100%	0.0200%	Short Backpack, long OKX
PENDLE	0.0291%	0.0100%	0.0191%	Short Backpack, long OKX
LIT	0.0288%	0.0100%	0.0188%	Short Backpack, long OKX
TIA	0.0100%	-0.0079%	0.0179%	Short Backpack, long OKX
ZORA	-0.0169%	0.0007%	0.0176%	Short OKX, long Backpack
DOT	0.0014%	-0.0162%	0.0176%	Short Backpack, long OKX
ADA	0.0017%	-0.0123%	0.0141%	Short Backpack, long OKX
TAO	-0.0181%	-0.0313%	0.0132%	Short Backpack, long OKX
APT	0.0100%	-0.0016%	0.0116%	Short Backpack, long OKX
BTC	0.0100%	-0.0012%	0.0112%	Short Backpack, long OKX
XRP	0.0079%	-0.0030%	0.0109%	Short Backpack, long OKX
ZEC	0.0207%	0.0100%	0.0107%	Short Backpack, long OKX
KAITO	0.0100%	0.0000%	0.0100%	Short Backpack, long OKX
JUP	0.0100%	0.0011%	0.0089%	Short Backpack, long OKX
MON	0.0049%	-0.0038%	0.0087%	Short Backpack, long OKX
ENA	0.0100%	0.0014%	0.0086%	Short Backpack, long OKX
XPL	0.0100%	0.0023%	0.0077%	Short Backpack, long OKX
ETH	0.0100%	0.0029%	0.0071%	Short Backpack, long OKX
WIF	0.0032%	0.0100%	0.0068%	Short OKX, long Backpack
LINK	0.0100%	0.0037%	0.0063%	Short Backpack, long OKX
HYPE	0.0100%	0.0037%	0.0063%	Short Backpack, long OKX
DOGE	0.0100%	0.0038%	0.0062%	Short Backpack, long OKX
TRX	-0.0354%	-0.0293%	0.0062%	Short OKX, long Backpack
BONK	0.0036%	0.0091%	0.0056%	Short OKX, long Backpack
SHIB	0.0100%	0.0052%	0.0048%	Short Backpack, long OKX
LTC	0.0034%	-0.0012%	0.0046%	Short Backpack, long OKX
CRV	0.0100%	0.0055%	0.0045%	Short Backpack, long OKX
SOL	0.0022%	-0.0013%	0.0035%	Short Backpack, long OKX
VVV	0.0131%	0.0100%	0.0031%	Short Backpack, long OKX
ONDO	0.0074%	0.0100%	0.0026%	Short OKX, long Backpack
OP	0.0075%	0.0100%	0.0025%	Short OKX, long Backpack
SUI	0.0100%	0.0082%	0.0018%	Short Backpack, long OKX
AERO	0.0111%	0.0100%	0.0011%	Short Backpack, long OKX
AVAX	-0.0051%	-0.0047%	0.0004%	Short OKX, long Backpack
AAVE	0.0100%	0.0100%	0.0000%	Short Backpack, long OKX
UNI	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
LDO	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
WLD	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
ASTER	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
SEI	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
WLFI	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
S	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
STRK	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
AVNT	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
BERA	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
MEGA	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
W	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
LINEA	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
GRAM	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
MET	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
0G	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack

Showing 70 of 70

Frequently asked questions

Which has higher funding rates, Backpack or OKX?: Right now Backpack has the higher funding rate on 36 of 70 shared coins.
How often do Backpack and OKX pay funding?: On shared markets, Backpack pays every 1 hours and OKX 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 OKX?: Yes, by going long where funding is lower and short where it is higher. The largest gap right now is 2Z at 0.2305% per 8 hours (252.45% APR) before fees.