Backpack vs Extended Funding Rates: 65 Coins Compared
As of 2026-10-03 12:37 UTC, Backpack and Extended share 65 liquid perpetual markets. Backpack has the higher funding rate on 14 of them (22%), and the average gap is 0.0144% per 8 hours (15.78% APR). The widest gap is CHIP at 0.0775% per 8 hours (84.88% APR): short on Extended and long on Backpack.
Largest funding gaps between Backpack and Extended
- 0.0775%Gap per 8h
- Backpack per 8h
- -0.0671%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0758%Gap per 8h
- Backpack per 8h
- -0.0206%
- Extended per 8h
- 0.0552%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0680%Gap per 8h
- Backpack per 8h
- -0.0768%
- Extended per 8h
- -0.0088%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0548%Gap per 8h
- Backpack per 8h
- -0.0444%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0546%Gap per 8h
- Backpack per 8h
- 0.0650%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0536%Gap per 8h
- Backpack per 8h
- -0.0520%
- Extended per 8h
- 0.0016%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0422%Gap per 8h
- Backpack per 8h
- -0.0318%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0409%Gap per 8h
- Backpack per 8h
- -0.0305%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0373%Gap per 8h
- Backpack per 8h
- 0.0477%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0337%Gap per 8h
- Backpack per 8h
- 0.0441%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0332%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- -0.0232%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0317%Gap per 8h
- Backpack per 8h
- -0.0213%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0290%Gap per 8h
- Backpack per 8h
- -0.0218%
- Extended per 8h
- 0.0072%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0274%Gap per 8h
- Backpack per 8h
- -0.0170%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0229%Gap per 8h
- Backpack per 8h
- -0.0125%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0227%Gap per 8h
- Backpack per 8h
- -0.0139%
- Extended per 8h
- 0.0088%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0225%Gap per 8h
- Backpack per 8h
- 0.0329%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0204%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- -0.0104%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0204%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- -0.0104%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0178%Gap per 8h
- Backpack per 8h
- 0.0338%
- Extended per 8h
- 0.0160%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0170%Gap per 8h
- Backpack per 8h
- -0.0066%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0164%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- -0.0064%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0132%Gap per 8h
- Backpack per 8h
- 0.0236%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0119%Gap per 8h
- Backpack per 8h
- -0.0079%
- Extended per 8h
- 0.0040%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0107%Gap per 8h
- Backpack per 8h
- -0.0043%
- Extended per 8h
- 0.0064%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0100%Gap per 8h
- Backpack per 8h
- 0.0004%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0088%Gap per 8h
- Backpack per 8h
- 0.0016%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0086%Gap per 8h
- Backpack per 8h
- -0.0046%
- Extended per 8h
- 0.0040%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0084%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0016%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0079%Gap per 8h
- Backpack per 8h
- 0.0183%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0062%Gap per 8h
- Backpack per 8h
- 0.0042%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0060%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0040%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0053%Gap per 8h
- Backpack per 8h
- -0.0013%
- Extended per 8h
- 0.0040%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0050%Gap per 8h
- Backpack per 8h
- 0.0054%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0015%Gap per 8h
- Backpack per 8h
- 0.0119%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Backpack, long Extended
- 0.0012%Gap per 8h
- Backpack per 8h
- 0.0092%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0011%Gap per 8h
- Backpack per 8h
- 0.0093%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
- 0.0004%Gap per 8h
- Backpack per 8h
- 0.0100%
- Extended per 8h
- 0.0104%
- Funding arbitrage
- Short Extended, long Backpack
| CHIP | -0.0671% | 0.0104% | 0.0775% | Short Extended, long Backpack |
| ZRO | -0.0206% | 0.0552% | 0.0758% | Short Extended, long Backpack |
| TRX | -0.0768% | -0.0088% | 0.0680% | Short Extended, long Backpack |
| AVNT | -0.0444% | 0.0104% | 0.0548% | Short Extended, long Backpack |
| NEAR | 0.0650% | 0.0104% | 0.0546% | Short Backpack, long Extended |
| HBAR | -0.0520% | 0.0016% | 0.0536% | Short Extended, long Backpack |
| WLFI | -0.0318% | 0.0104% | 0.0422% | Short Extended, long Backpack |
| W | -0.0305% | 0.0104% | 0.0409% | Short Extended, long Backpack |
| KAITO | 0.0477% | 0.0104% | 0.0373% | Short Backpack, long Extended |
| LIT | 0.0441% | 0.0104% | 0.0337% | Short Backpack, long Extended |
| BNB | 0.0100% | -0.0232% | 0.0332% | Short Backpack, long Extended |
| ZORA | -0.0213% | 0.0104% | 0.0317% | Short Extended, long Backpack |
| TAO | -0.0218% | 0.0072% | 0.0290% | Short Extended, long Backpack |
| CRV | -0.0170% | 0.0104% | 0.0274% | Short Extended, long Backpack |
| LINEA | -0.0125% | 0.0104% | 0.0229% | Short Extended, long Backpack |
| S | -0.0139% | 0.0088% | 0.0227% | Short Extended, long Backpack |
| AERO | 0.0329% | 0.0104% | 0.0225% | Short Backpack, long Extended |
| PEPE | 0.0100% | -0.0104% | 0.0204% | Short Backpack, long Extended |
| XLM | 0.0100% | -0.0104% | 0.0204% | Short Backpack, long Extended |
| PUMP | 0.0338% | 0.0160% | 0.0178% | Short Backpack, long Extended |
| STRK | -0.0066% | 0.0104% | 0.0170% | Short Extended, long Backpack |
| XPL | 0.0100% | -0.0064% | 0.0164% | Short Backpack, long Extended |
| ZEC | 0.0236% | 0.0104% | 0.0132% | Short Backpack, long Extended |
| UNI | -0.0079% | 0.0040% | 0.0119% | Short Extended, long Backpack |
| SOL | -0.0043% | 0.0064% | 0.0107% | Short Extended, long Backpack |
| ADA | 0.0004% | 0.0104% | 0.0100% | Short Extended, long Backpack |
| XRP | 0.0016% | 0.0104% | 0.0088% | Short Extended, long Backpack |
| TIA | -0.0046% | 0.0040% | 0.0086% | Short Extended, long Backpack |
| BTC | 0.0100% | 0.0016% | 0.0084% | Short Backpack, long Extended |
| MEGA | 0.0183% | 0.0104% | 0.0079% | Short Backpack, long Extended |
| ONDO | 0.0042% | 0.0104% | 0.0062% | Short Extended, long Backpack |
| ARB | 0.0100% | 0.0040% | 0.0060% | Short Backpack, long Extended |
| PAXG | -0.0013% | 0.0040% | 0.0053% | Short Extended, long Backpack |
| GRAM | 0.0054% | 0.0104% | 0.0050% | Short Extended, long Backpack |
| JUP | 0.0119% | 0.0104% | 0.0015% | Short Backpack, long Extended |
| TRUMP | 0.0092% | 0.0104% | 0.0012% | Short Extended, long Backpack |
| FARTCOIN | 0.0093% | 0.0104% | 0.0011% | Short Extended, long Backpack |
| AAVE | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| AVAX | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| DOGE | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| ETH | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| LINK | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| SUI | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| APT | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| DOT | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| ENA | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| HYPE | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| LTC | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| WLD | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| LDO | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| OP | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| WIF | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| ASTER | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| PENGU | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| SEI | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| BONK | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| JTO | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| PENDLE | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| SHIB | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| VIRTUAL | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| XMR | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| MON | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| VVV | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| BILL | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
| EDGE | 0.0100% | 0.0104% | 0.0004% | Short Extended, long Backpack |
Showing 65 of 65
Frequently asked questions
- Which has higher funding rates, Backpack or Extended?
- Right now Extended has the higher funding rate on 51 of 65 shared coins.
- How often do Backpack and Extended pay funding?
- On shared markets, Backpack pays every 1 hours and Extended every 1 hours, depending on the contract. Rates on this page are annualized so they compare directly.
- Can I arbitrage funding between Backpack and Extended?
- Yes, by going long where funding is lower and short where it is higher. The largest gap right now is CHIP at 0.0775% per 8 hours (84.88% APR) before fees.