Which has higher funding rates, Backpack or dYdX?

Right now Backpack has the higher funding rate on 31 of 49 shared coins.

How often do Backpack and dYdX pay funding?

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

Can I arbitrage funding between Backpack and dYdX?

Yes, by going long where funding is lower and short where it is higher. The largest gap right now is HBAR at 0.0866% per 8 hours (94.79% APR) before fees.

Backpack vs dYdX Funding Rates: 49 Coins Compared

As of 2026-10-03 05:09 UTC, Backpack and dYdX share 49 liquid perpetual markets. Backpack has the higher funding rate on 31 of them (63%), and the average gap is 0.0207% per 8 hours (22.72% APR). The widest gap is HBAR at 0.0866% per 8 hours (94.79% APR): short on dYdX and long on Backpack.

LiveAs of 2026-10-03 05:09 UTC · refreshes every 30 s

Backpack funding rates dYdX funding rates

Largest funding gaps between Backpack and dYdX

Sort by

HBAR
0.0866%
Gap per 8h
Backpack per 8h
-0.0511%
dYdX per 8h
0.0354%
Funding arbitrage
Short dYdX, long Backpack
LIT
0.0780%
Gap per 8h
Backpack per 8h
0.0780%
dYdX per 8h
0.0000%
Funding arbitrage
Short Backpack, long dYdX
XRP
0.0720%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
-0.0620%
Funding arbitrage
Short Backpack, long dYdX
ENA
0.0613%
Gap per 8h
Backpack per 8h
-0.0342%
dYdX per 8h
0.0271%
Funding arbitrage
Short dYdX, long Backpack
ZEC
0.0598%
Gap per 8h
Backpack per 8h
0.0318%
dYdX per 8h
-0.0280%
Funding arbitrage
Short Backpack, long dYdX
STRK
0.0577%
Gap per 8h
Backpack per 8h
-0.0087%
dYdX per 8h
0.0490%
Funding arbitrage
Short dYdX, long Backpack
PENDLE
0.0415%
Gap per 8h
Backpack per 8h
-0.0415%
dYdX per 8h
0.0000%
Funding arbitrage
Short dYdX, long Backpack
XMR
0.0348%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
0.0448%
Funding arbitrage
Short dYdX, long Backpack
BONK
0.0324%
Gap per 8h
Backpack per 8h
-0.0324%
dYdX per 8h
0.0000%
Funding arbitrage
Short dYdX, long Backpack
TIA
0.0323%
Gap per 8h
Backpack per 8h
-0.0323%
dYdX per 8h
0.0000%
Funding arbitrage
Short dYdX, long Backpack
UNI
0.0271%
Gap per 8h
Backpack per 8h
-0.0271%
dYdX per 8h
0.0000%
Funding arbitrage
Short dYdX, long Backpack
PYTH
0.0251%
Gap per 8h
Backpack per 8h
-0.0251%
dYdX per 8h
0.0000%
Funding arbitrage
Short dYdX, long Backpack
PENGU
0.0248%
Gap per 8h
Backpack per 8h
-0.0248%
dYdX per 8h
0.0000%
Funding arbitrage
Short dYdX, long Backpack
ETH
0.0223%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
-0.0123%
Funding arbitrage
Short Backpack, long dYdX
MON
0.0214%
Gap per 8h
Backpack per 8h
-0.0114%
dYdX per 8h
0.0100%
Funding arbitrage
Short dYdX, long Backpack
JUP
0.0203%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
0.0303%
Funding arbitrage
Short dYdX, long Backpack
PUMP
0.0188%
Gap per 8h
Backpack per 8h
0.0188%
dYdX per 8h
0.0000%
Funding arbitrage
Short Backpack, long dYdX
NEAR
0.0156%
Gap per 8h
Backpack per 8h
0.0156%
dYdX per 8h
0.0000%
Funding arbitrage
Short Backpack, long dYdX
SOL
0.0151%
Gap per 8h
Backpack per 8h
0.0082%
dYdX per 8h
-0.0070%
Funding arbitrage
Short Backpack, long dYdX
HYPE
0.0144%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
-0.0044%
Funding arbitrage
Short Backpack, long dYdX
DOT
0.0133%
Gap per 8h
Backpack per 8h
-0.0133%
dYdX per 8h
0.0000%
Funding arbitrage
Short dYdX, long Backpack
PEPE
0.0126%
Gap per 8h
Backpack per 8h
-0.0126%
dYdX per 8h
0.0000%
Funding arbitrage
Short dYdX, long Backpack
BTC
0.0116%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
-0.0016%
Funding arbitrage
Short Backpack, long dYdX
LTC
0.0107%
Gap per 8h
Backpack per 8h
0.0072%
dYdX per 8h
0.0180%
Funding arbitrage
Short dYdX, long Backpack
AAVE
0.0100%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
0.0000%
Funding arbitrage
Short Backpack, long dYdX
LINK
0.0100%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
0.0000%
Funding arbitrage
Short Backpack, long dYdX
SUI
0.0100%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
0.0000%
Funding arbitrage
Short Backpack, long dYdX
ARB
0.0100%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
0.0000%
Funding arbitrage
Short Backpack, long dYdX
BNB
0.0100%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
0.0000%
Funding arbitrage
Short Backpack, long dYdX
DOGE
0.0100%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
0.0000%
Funding arbitrage
Short Backpack, long dYdX
CRV
0.0100%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
0.0000%
Funding arbitrage
Short Backpack, long dYdX
LDO
0.0100%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
0.0000%
Funding arbitrage
Short Backpack, long dYdX
ONDO
0.0100%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
0.0000%
Funding arbitrage
Short Backpack, long dYdX
OP
0.0100%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
0.0000%
Funding arbitrage
Short Backpack, long dYdX
WIF
0.0100%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
0.0000%
Funding arbitrage
Short Backpack, long dYdX
WLFI
0.0100%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
0.0000%
Funding arbitrage
Short Backpack, long dYdX
XLM
0.0100%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
0.0000%
Funding arbitrage
Short Backpack, long dYdX
ASTER
0.0100%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
0.0000%
Funding arbitrage
Short Backpack, long dYdX
JTO
0.0100%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
0.0000%
Funding arbitrage
Short Backpack, long dYdX
ZORA
0.0100%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
0.0000%
Funding arbitrage
Short Backpack, long dYdX
TAO
0.0098%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
0.0002%
Funding arbitrage
Short Backpack, long dYdX
TRUMP
0.0082%
Gap per 8h
Backpack per 8h
0.0082%
dYdX per 8h
0.0000%
Funding arbitrage
Short Backpack, long dYdX
AVAX
0.0059%
Gap per 8h
Backpack per 8h
-0.0059%
dYdX per 8h
0.0000%
Funding arbitrage
Short dYdX, long Backpack
TRX
0.0055%
Gap per 8h
Backpack per 8h
-0.0055%
dYdX per 8h
0.0000%
Funding arbitrage
Short dYdX, long Backpack
APT
0.0054%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
0.0046%
Funding arbitrage
Short Backpack, long dYdX
ADA
0.0051%
Gap per 8h
Backpack per 8h
0.0051%
dYdX per 8h
0.0000%
Funding arbitrage
Short Backpack, long dYdX
PAXG
0.0030%
Gap per 8h
Backpack per 8h
0.0030%
dYdX per 8h
0.0000%
Funding arbitrage
Short Backpack, long dYdX
WLD
0.0027%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
0.0073%
Funding arbitrage
Short Backpack, long dYdX
SEI
0.0013%
Gap per 8h
Backpack per 8h
0.0100%
dYdX per 8h
0.0113%
Funding arbitrage
Short dYdX, long Backpack

Backpack vs dYdX Funding Rates: 49 Coins Compared

HBAR	-0.0511%	0.0354%	0.0866%	Short dYdX, long Backpack
LIT	0.0780%	0.0000%	0.0780%	Short Backpack, long dYdX
XRP	0.0100%	-0.0620%	0.0720%	Short Backpack, long dYdX
ENA	-0.0342%	0.0271%	0.0613%	Short dYdX, long Backpack
ZEC	0.0318%	-0.0280%	0.0598%	Short Backpack, long dYdX
STRK	-0.0087%	0.0490%	0.0577%	Short dYdX, long Backpack
PENDLE	-0.0415%	0.0000%	0.0415%	Short dYdX, long Backpack
XMR	0.0100%	0.0448%	0.0348%	Short dYdX, long Backpack
BONK	-0.0324%	0.0000%	0.0324%	Short dYdX, long Backpack
TIA	-0.0323%	0.0000%	0.0323%	Short dYdX, long Backpack
UNI	-0.0271%	0.0000%	0.0271%	Short dYdX, long Backpack
PYTH	-0.0251%	0.0000%	0.0251%	Short dYdX, long Backpack
PENGU	-0.0248%	0.0000%	0.0248%	Short dYdX, long Backpack
ETH	0.0100%	-0.0123%	0.0223%	Short Backpack, long dYdX
MON	-0.0114%	0.0100%	0.0214%	Short dYdX, long Backpack
JUP	0.0100%	0.0303%	0.0203%	Short dYdX, long Backpack
PUMP	0.0188%	0.0000%	0.0188%	Short Backpack, long dYdX
NEAR	0.0156%	0.0000%	0.0156%	Short Backpack, long dYdX
SOL	0.0082%	-0.0070%	0.0151%	Short Backpack, long dYdX
HYPE	0.0100%	-0.0044%	0.0144%	Short Backpack, long dYdX
DOT	-0.0133%	0.0000%	0.0133%	Short dYdX, long Backpack
PEPE	-0.0126%	0.0000%	0.0126%	Short dYdX, long Backpack
BTC	0.0100%	-0.0016%	0.0116%	Short Backpack, long dYdX
LTC	0.0072%	0.0180%	0.0107%	Short dYdX, long Backpack
AAVE	0.0100%	0.0000%	0.0100%	Short Backpack, long dYdX
LINK	0.0100%	0.0000%	0.0100%	Short Backpack, long dYdX
SUI	0.0100%	0.0000%	0.0100%	Short Backpack, long dYdX
ARB	0.0100%	0.0000%	0.0100%	Short Backpack, long dYdX
BNB	0.0100%	0.0000%	0.0100%	Short Backpack, long dYdX
DOGE	0.0100%	0.0000%	0.0100%	Short Backpack, long dYdX
CRV	0.0100%	0.0000%	0.0100%	Short Backpack, long dYdX
LDO	0.0100%	0.0000%	0.0100%	Short Backpack, long dYdX
ONDO	0.0100%	0.0000%	0.0100%	Short Backpack, long dYdX
OP	0.0100%	0.0000%	0.0100%	Short Backpack, long dYdX
WIF	0.0100%	0.0000%	0.0100%	Short Backpack, long dYdX
WLFI	0.0100%	0.0000%	0.0100%	Short Backpack, long dYdX
XLM	0.0100%	0.0000%	0.0100%	Short Backpack, long dYdX
ASTER	0.0100%	0.0000%	0.0100%	Short Backpack, long dYdX
JTO	0.0100%	0.0000%	0.0100%	Short Backpack, long dYdX
ZORA	0.0100%	0.0000%	0.0100%	Short Backpack, long dYdX
TAO	0.0100%	0.0002%	0.0098%	Short Backpack, long dYdX
TRUMP	0.0082%	0.0000%	0.0082%	Short Backpack, long dYdX
AVAX	-0.0059%	0.0000%	0.0059%	Short dYdX, long Backpack
TRX	-0.0055%	0.0000%	0.0055%	Short dYdX, long Backpack
APT	0.0100%	0.0046%	0.0054%	Short Backpack, long dYdX
ADA	0.0051%	0.0000%	0.0051%	Short Backpack, long dYdX
PAXG	0.0030%	0.0000%	0.0030%	Short Backpack, long dYdX
WLD	0.0100%	0.0073%	0.0027%	Short Backpack, long dYdX
SEI	0.0100%	0.0113%	0.0013%	Short dYdX, long Backpack

Showing 49 of 49

Frequently asked questions

Which has higher funding rates, Backpack or dYdX?: Right now Backpack has the higher funding rate on 31 of 49 shared coins.
How often do Backpack and dYdX pay funding?: On shared markets, Backpack pays every 1 hours and dYdX every 1 hours, depending on the contract. Rates on this page are annualized so they compare directly.
Can I arbitrage funding between Backpack and dYdX?: Yes, by going long where funding is lower and short where it is higher. The largest gap right now is HBAR at 0.0866% per 8 hours (94.79% APR) before fees.