# Backpack vs Toobit Funding Rates: 69 Coins Compared

As of 2026-10-03 12:16 UTC, Backpack and Toobit share 69 liquid perpetual markets. Backpack has the higher funding rate on 21 of them (30%), and the average gap is 0.0232% per 8 hours (25.41% APR). The widest gap is MON at 0.3274% per 8 hours (358.54% APR): short on Toobit and long on Backpack.

| Coin | Backpack per 8h | Toobit per 8h | Gap per 8h | Funding arbitrage |
| --- | --- | --- | --- | --- |
| [MON](https://arbtide.com/funding-rates/mon) | 0.0100% | 0.3374% | 0.3274% | Short Toobit, long Backpack |
| [CHIP](https://arbtide.com/funding-rates/chip) | -0.0533% | 0.1479% | 0.2012% | Short Toobit, long Backpack |
| [KAITO](https://arbtide.com/funding-rates/kaito) | 0.1182% | 0.0100% | 0.1082% | Short Backpack, long Toobit |
| [2Z](https://arbtide.com/funding-rates/2z) | -0.6267% | -0.5289% | 0.0978% | Short Toobit, long Backpack |
| [CC](https://arbtide.com/funding-rates/cc) | 0.1038% | 0.0100% | 0.0938% | Short Backpack, long Toobit |
| [KMNO](https://arbtide.com/funding-rates/kmno) | -0.0781% | 0.0100% | 0.0881% | Short Toobit, long Backpack |
| [SKR](https://arbtide.com/funding-rates/skr) | 0.0911% | 0.0100% | 0.0811% | Short Backpack, long Toobit |
| [TRX](https://arbtide.com/funding-rates/trx) | -0.0867% | -0.0089% | 0.0778% | Short Toobit, long Backpack |
| [NEAR](https://arbtide.com/funding-rates/near) | 0.0643% | 0.0100% | 0.0543% | Short Backpack, long Toobit |
| [HBAR](https://arbtide.com/funding-rates/hbar) | -0.0515% | 0.0027% | 0.0542% | Short Toobit, long Backpack |
| [WLFI](https://arbtide.com/funding-rates/wlfi) | -0.0386% | 0.0100% | 0.0486% | Short Toobit, long Backpack |
| [S](https://arbtide.com/funding-rates/s) | -0.0345% | 0.0096% | 0.0441% | Short Toobit, long Backpack |
| [AVNT](https://arbtide.com/funding-rates/avnt) | -0.0156% | -0.0482% | 0.0326% | Short Backpack, long Toobit |
| [TAO](https://arbtide.com/funding-rates/tao) | -0.0182% | 0.0084% | 0.0266% | Short Toobit, long Backpack |
| [AERO](https://arbtide.com/funding-rates/aero) | 0.0315% | 0.0100% | 0.0215% | Short Backpack, long Toobit |
| [ZRO](https://arbtide.com/funding-rates/zro) | -0.0098% | 0.0100% | 0.0198% | Short Toobit, long Backpack |
| [MEGA](https://arbtide.com/funding-rates/mega) | 0.0269% | 0.0100% | 0.0169% | Short Backpack, long Toobit |
| [MET](https://arbtide.com/funding-rates/met) | -0.0066% | 0.0100% | 0.0166% | Short Toobit, long Backpack |
| [ZEC](https://arbtide.com/funding-rates/zec) | 0.0263% | 0.0100% | 0.0163% | Short Backpack, long Toobit |
| [UNI](https://arbtide.com/funding-rates/uni) | -0.0045% | 0.0100% | 0.0145% | Short Toobit, long Backpack |
| [PEPE](https://arbtide.com/funding-rates/pepe) | 0.0100% | -0.0034% | 0.0134% | Short Backpack, long Toobit |
| [AAVE](https://arbtide.com/funding-rates/aave) | 0.0100% | -0.0030% | 0.0130% | Short Backpack, long Toobit |
| [BERA](https://arbtide.com/funding-rates/bera) | -0.0024% | 0.0100% | 0.0124% | Short Toobit, long Backpack |
| [JUP](https://arbtide.com/funding-rates/jup) | 0.0218% | 0.0100% | 0.0118% | Short Backpack, long Toobit |
| [BNB](https://arbtide.com/funding-rates/bnb) | 0.0100% | 0.0002% | 0.0098% | Short Backpack, long Toobit |
| [BTC](https://arbtide.com/funding-rates/btc) | 0.0100% | 0.0004% | 0.0096% | Short Backpack, long Toobit |
| [ZORA](https://arbtide.com/funding-rates/zora) | 0.0007% | 0.0100% | 0.0093% | Short Toobit, long Backpack |
| [SOL](https://arbtide.com/funding-rates/sol) | -0.0055% | 0.0032% | 0.0087% | Short Toobit, long Backpack |
| [W](https://arbtide.com/funding-rates/w) | 0.0014% | 0.0100% | 0.0086% | Short Toobit, long Backpack |
| [ARB](https://arbtide.com/funding-rates/arb) | 0.0100% | 0.0021% | 0.0079% | Short Backpack, long Toobit |
| [TRUMP](https://arbtide.com/funding-rates/trump) | 0.0026% | 0.0100% | 0.0074% | Short Toobit, long Backpack |
| [PAXG](https://arbtide.com/funding-rates/paxg) | -0.0006% | 0.0066% | 0.0072% | Short Toobit, long Backpack |
| [DOGE](https://arbtide.com/funding-rates/doge) | 0.0100% | 0.0036% | 0.0064% | Short Backpack, long Toobit |
| [PYTH](https://arbtide.com/funding-rates/pyth) | 0.0090% | 0.0028% | 0.0062% | Short Backpack, long Toobit |
| [XRP](https://arbtide.com/funding-rates/xrp) | 0.0046% | -0.0007% | 0.0053% | Short Backpack, long Toobit |
| [ASTER](https://arbtide.com/funding-rates/aster) | 0.0100% | 0.0050% | 0.0050% | Short Backpack, long Toobit |
| [ENA](https://arbtide.com/funding-rates/ena) | 0.0100% | 0.0145% | 0.0045% | Short Toobit, long Backpack |
| [ETH](https://arbtide.com/funding-rates/eth) | 0.0071% | 0.0025% | 0.0045% | Short Backpack, long Toobit |
| [XLM](https://arbtide.com/funding-rates/xlm) | 0.0100% | 0.0072% | 0.0028% | Short Backpack, long Toobit |
| [ADA](https://arbtide.com/funding-rates/ada) | 0.0075% | 0.0100% | 0.0025% | Short Toobit, long Backpack |
| [LINEA](https://arbtide.com/funding-rates/linea) | 0.0088% | 0.0100% | 0.0012% | Short Toobit, long Backpack |
| [ONDO](https://arbtide.com/funding-rates/ondo) | 0.0000% | -0.0010% | 0.0010% | Short Backpack, long Toobit |
| [HYPE](https://arbtide.com/funding-rates/hype) | 0.0100% | 0.0109% | 0.0009% | Short Toobit, long Backpack |
| [CRV](https://arbtide.com/funding-rates/crv) | 0.0096% | 0.0100% | 0.0004% | Short Toobit, long Backpack |
| [LINK](https://arbtide.com/funding-rates/link) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [AVAX](https://arbtide.com/funding-rates/avax) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [LTC](https://arbtide.com/funding-rates/ltc) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [SUI](https://arbtide.com/funding-rates/sui) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [APT](https://arbtide.com/funding-rates/apt) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [DOT](https://arbtide.com/funding-rates/dot) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [LDO](https://arbtide.com/funding-rates/ldo) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [WLD](https://arbtide.com/funding-rates/wld) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [XPL](https://arbtide.com/funding-rates/xpl) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [OP](https://arbtide.com/funding-rates/op) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [TIA](https://arbtide.com/funding-rates/tia) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [WIF](https://arbtide.com/funding-rates/wif) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [JTO](https://arbtide.com/funding-rates/jto) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [SEI](https://arbtide.com/funding-rates/sei) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [BONK](https://arbtide.com/funding-rates/bonk) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [FARTCOIN](https://arbtide.com/funding-rates/fartcoin) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [PENDLE](https://arbtide.com/funding-rates/pendle) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [PENGU](https://arbtide.com/funding-rates/pengu) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [SHIB](https://arbtide.com/funding-rates/shib) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [STRK](https://arbtide.com/funding-rates/strk) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [VIRTUAL](https://arbtide.com/funding-rates/virtual) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [XMR](https://arbtide.com/funding-rates/xmr) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [VVV](https://arbtide.com/funding-rates/vvv) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [0G](https://arbtide.com/funding-rates/0g) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |
| [BILL](https://arbtide.com/funding-rates/bill) | 0.0100% | 0.0100% | 0.0000% | Short Toobit, long Backpack |

## Frequently asked questions

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

Right now Toobit has the higher funding rate on 48 of 69 shared coins.

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

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

Yes, by going long where funding is lower and short where it is higher. The largest gap right now is MON at 0.3274% per 8 hours (358.54% APR) before fees.