ArbTide

Backpack vs Bybit Funding Rates: 72 Coins Compared

As of 2026-10-04 10:53 UTC, Backpack and Bybit share 72 liquid perpetual markets. Backpack has the higher funding rate on 29 of them (40%), and the average gap is 0.0173% per 8 hours (18.90% APR). The widest gap is 2Z at 0.2059% per 8 hours (225.45% APR): short on Backpack and long on Bybit.

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Backpack funding rates Bybit funding rates

Largest funding gaps between Backpack and Bybit

  • 2Z
    0.2059%
    Gap per 8h
    Backpack per 8h
    0.0717%
    Bybit per 8h
    -0.1342%
    Funding arbitrage
    Short Backpack, long Bybit

  • MEGA
    0.1053%
    Gap per 8h
    Backpack per 8h
    0.1153%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Bybit

  • PYTH
    0.0817%
    Gap per 8h
    Backpack per 8h
    -0.0717%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • MNT
    0.0811%
    Gap per 8h
    Backpack per 8h
    0.0911%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Bybit

  • AVNT
    0.0707%
    Gap per 8h
    Backpack per 8h
    -0.0877%
    Bybit per 8h
    -0.0170%
    Funding arbitrage
    Short Bybit, long Backpack

  • KMNO
    0.0476%
    Gap per 8h
    Backpack per 8h
    -0.0534%
    Bybit per 8h
    -0.0057%
    Funding arbitrage
    Short Bybit, long Backpack

  • NEAR
    0.0472%
    Gap per 8h
    Backpack per 8h
    0.0572%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Bybit

  • TRX
    0.0428%
    Gap per 8h
    Backpack per 8h
    -0.0686%
    Bybit per 8h
    -0.0258%
    Funding arbitrage
    Short Bybit, long Backpack

  • SKR
    0.0425%
    Gap per 8h
    Backpack per 8h
    0.0525%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Bybit

  • CRV
    0.0392%
    Gap per 8h
    Backpack per 8h
    -0.0292%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • LIT
    0.0324%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    -0.0224%
    Funding arbitrage
    Short Backpack, long Bybit

  • ZORA
    0.0290%
    Gap per 8h
    Backpack per 8h
    -0.0190%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • ARB
    0.0276%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    -0.0176%
    Funding arbitrage
    Short Backpack, long Bybit

  • S
    0.0259%
    Gap per 8h
    Backpack per 8h
    -0.0159%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • SEI
    0.0214%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    -0.0114%
    Funding arbitrage
    Short Backpack, long Bybit

  • ZEC
    0.0209%
    Gap per 8h
    Backpack per 8h
    0.0309%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Bybit

  • AVAX
    0.0208%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    -0.0108%
    Funding arbitrage
    Short Backpack, long Bybit

  • W
    0.0206%
    Gap per 8h
    Backpack per 8h
    -0.0215%
    Bybit per 8h
    -0.0009%
    Funding arbitrage
    Short Bybit, long Backpack

  • MON
    0.0204%
    Gap per 8h
    Backpack per 8h
    0.0304%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Bybit

  • ASTER
    0.0178%
    Gap per 8h
    Backpack per 8h
    0.0278%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Bybit

  • VIRTUAL
    0.0177%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    -0.0077%
    Funding arbitrage
    Short Backpack, long Bybit

  • CHIP
    0.0172%
    Gap per 8h
    Backpack per 8h
    -0.0072%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • ONDO
    0.0170%
    Gap per 8h
    Backpack per 8h
    0.0037%
    Bybit per 8h
    -0.0133%
    Funding arbitrage
    Short Backpack, long Bybit

  • AAVE
    0.0157%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    -0.0057%
    Funding arbitrage
    Short Backpack, long Bybit

  • XMR
    0.0145%
    Gap per 8h
    Backpack per 8h
    0.0245%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Bybit

  • ADA
    0.0132%
    Gap per 8h
    Backpack per 8h
    -0.0100%
    Bybit per 8h
    0.0032%
    Funding arbitrage
    Short Bybit, long Backpack

  • PEPE
    0.0126%
    Gap per 8h
    Backpack per 8h
    -0.0239%
    Bybit per 8h
    -0.0113%
    Funding arbitrage
    Short Bybit, long Backpack

  • UNI
    0.0121%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    -0.0021%
    Funding arbitrage
    Short Backpack, long Bybit

  • TRUMP
    0.0113%
    Gap per 8h
    Backpack per 8h
    -0.0043%
    Bybit per 8h
    -0.0155%
    Funding arbitrage
    Short Backpack, long Bybit

  • APT
    0.0106%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    -0.0006%
    Funding arbitrage
    Short Backpack, long Bybit

  • HBAR
    0.0097%
    Gap per 8h
    Backpack per 8h
    0.0003%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • XRP
    0.0089%
    Gap per 8h
    Backpack per 8h
    0.0011%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • PAXG
    0.0085%
    Gap per 8h
    Backpack per 8h
    0.0015%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • DOGE
    0.0084%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0016%
    Funding arbitrage
    Short Backpack, long Bybit

  • ZRO
    0.0080%
    Gap per 8h
    Backpack per 8h
    0.0020%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • LINK
    0.0077%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0023%
    Funding arbitrage
    Short Backpack, long Bybit

  • OP
    0.0073%
    Gap per 8h
    Backpack per 8h
    0.0078%
    Bybit per 8h
    0.0005%
    Funding arbitrage
    Short Backpack, long Bybit

  • EDGE
    0.0071%
    Gap per 8h
    Backpack per 8h
    0.0171%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Bybit

  • BERA
    0.0063%
    Gap per 8h
    Backpack per 8h
    0.0037%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • SUI
    0.0060%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0040%
    Funding arbitrage
    Short Backpack, long Bybit

  • BTC
    0.0042%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0058%
    Funding arbitrage
    Short Backpack, long Bybit

  • BONK
    0.0040%
    Gap per 8h
    Backpack per 8h
    0.0060%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • 0G
    0.0034%
    Gap per 8h
    Backpack per 8h
    0.0066%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • CC
    0.0034%
    Gap per 8h
    Backpack per 8h
    0.0134%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Bybit

  • WIF
    0.0031%
    Gap per 8h
    Backpack per 8h
    -0.0075%
    Bybit per 8h
    -0.0106%
    Funding arbitrage
    Short Backpack, long Bybit

  • LTC
    0.0022%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0078%
    Funding arbitrage
    Short Backpack, long Bybit

  • ETH
    0.0014%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0086%
    Funding arbitrage
    Short Backpack, long Bybit

  • GRAM
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0096%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • TIA
    0.0001%
    Gap per 8h
    Backpack per 8h
    0.0099%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • BNB
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • HYPE
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • SOL
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • DOT
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • ENA
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • LDO
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • JUP
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • TAO
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • WLD
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • XPL
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • XLM
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • JTO
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • KAITO
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • PENDLE
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • PENGU
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • WLFI
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • FARTCOIN
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • STRK
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • VVV
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • AERO
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • LINEA
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • MET
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

  • BILL
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Bybit per 8h
    0.0100%
    Funding arbitrage
    Short Bybit, long Backpack

Showing 72 of 72

Frequently asked questions

Which has higher funding rates, Backpack or Bybit?
Right now Bybit has the higher funding rate on 43 of 72 shared coins.
How often do Backpack and Bybit pay funding?
On shared markets, Backpack pays every 1 hours and Bybit 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 Bybit?
Yes, by going long where funding is lower and short where it is higher. The largest gap right now is 2Z at 0.2059% per 8 hours (225.45% APR) before fees.