ArbTide

Backpack vs Lighter Funding Rates: 71 Coins Compared

As of 2026-10-03 17:00 UTC, Backpack and Lighter share 71 liquid perpetual markets. Backpack has the higher funding rate on 48 of them (68%), and the average gap is 0.0207% per 8 hours (22.61% APR). The widest gap is 2Z at 0.1783% per 8 hours (195.21% APR): short on Lighter and long on Backpack.

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Backpack funding rates Lighter funding rates

Largest funding gaps between Backpack and Lighter

  • 2Z
    0.1783%
    Gap per 8h
    Backpack per 8h
    -0.3543%
    Lighter per 8h
    -0.1760%
    Funding arbitrage
    Short Lighter, long Backpack

  • BERA
    0.1330%
    Gap per 8h
    Backpack per 8h
    -0.1234%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Lighter, long Backpack

  • S
    0.1044%
    Gap per 8h
    Backpack per 8h
    0.1140%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • SKR
    0.0897%
    Gap per 8h
    Backpack per 8h
    -0.0801%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Lighter, long Backpack

  • CC
    0.0825%
    Gap per 8h
    Backpack per 8h
    0.0921%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • MON
    0.0803%
    Gap per 8h
    Backpack per 8h
    0.0899%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • XMR
    0.0756%
    Gap per 8h
    Backpack per 8h
    0.0852%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • PUMP
    0.0642%
    Gap per 8h
    Backpack per 8h
    0.0738%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • STRK
    0.0552%
    Gap per 8h
    Backpack per 8h
    -0.0112%
    Lighter per 8h
    0.0440%
    Funding arbitrage
    Short Lighter, long Backpack

  • HBAR
    0.0549%
    Gap per 8h
    Backpack per 8h
    -0.0589%
    Lighter per 8h
    -0.0040%
    Funding arbitrage
    Short Lighter, long Backpack

  • LINEA
    0.0505%
    Gap per 8h
    Backpack per 8h
    -0.0409%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Lighter, long Backpack

  • ENA
    0.0504%
    Gap per 8h
    Backpack per 8h
    0.0600%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • MET
    0.0414%
    Gap per 8h
    Backpack per 8h
    -0.0318%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Lighter, long Backpack

  • NEAR
    0.0379%
    Gap per 8h
    Backpack per 8h
    0.0475%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • FARTCOIN
    0.0324%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0424%
    Funding arbitrage
    Short Lighter, long Backpack

  • MNT
    0.0323%
    Gap per 8h
    Backpack per 8h
    0.0419%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • AERO
    0.0275%
    Gap per 8h
    Backpack per 8h
    0.0371%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • ZRO
    0.0242%
    Gap per 8h
    Backpack per 8h
    0.0046%
    Lighter per 8h
    0.0288%
    Funding arbitrage
    Short Lighter, long Backpack

  • WLFI
    0.0233%
    Gap per 8h
    Backpack per 8h
    -0.0055%
    Lighter per 8h
    -0.0288%
    Funding arbitrage
    Short Backpack, long Lighter

  • AVNT
    0.0229%
    Gap per 8h
    Backpack per 8h
    -0.0133%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Lighter, long Backpack

  • TRX
    0.0203%
    Gap per 8h
    Backpack per 8h
    -0.0107%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Lighter, long Backpack

  • OP
    0.0174%
    Gap per 8h
    Backpack per 8h
    -0.0078%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Lighter, long Backpack

  • LIT
    0.0172%
    Gap per 8h
    Backpack per 8h
    0.0268%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • MEGA
    0.0172%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0272%
    Funding arbitrage
    Short Lighter, long Backpack

  • ZEC
    0.0150%
    Gap per 8h
    Backpack per 8h
    0.0114%
    Lighter per 8h
    0.0264%
    Funding arbitrage
    Short Lighter, long Backpack

  • WLD
    0.0132%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0232%
    Funding arbitrage
    Short Lighter, long Backpack

  • ONDO
    0.0132%
    Gap per 8h
    Backpack per 8h
    -0.0036%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Lighter, long Backpack

  • ETH
    0.0124%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    -0.0024%
    Funding arbitrage
    Short Backpack, long Lighter

  • XPL
    0.0122%
    Gap per 8h
    Backpack per 8h
    -0.0026%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Lighter, long Backpack

  • PENGU
    0.0098%
    Gap per 8h
    Backpack per 8h
    -0.0002%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Lighter, long Backpack

  • ADA
    0.0092%
    Gap per 8h
    Backpack per 8h
    -0.0204%
    Lighter per 8h
    -0.0296%
    Funding arbitrage
    Short Backpack, long Lighter

  • CRV
    0.0085%
    Gap per 8h
    Backpack per 8h
    0.0181%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • DOGE
    0.0068%
    Gap per 8h
    Backpack per 8h
    0.0028%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Lighter, long Backpack

  • TAO
    0.0059%
    Gap per 8h
    Backpack per 8h
    0.0037%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Lighter, long Backpack

  • VVV
    0.0057%
    Gap per 8h
    Backpack per 8h
    0.0153%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • SOL
    0.0026%
    Gap per 8h
    Backpack per 8h
    -0.0018%
    Lighter per 8h
    0.0008%
    Funding arbitrage
    Short Lighter, long Backpack

  • UNI
    0.0021%
    Gap per 8h
    Backpack per 8h
    0.0075%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Lighter, long Backpack

  • PAXG
    0.0019%
    Gap per 8h
    Backpack per 8h
    0.0013%
    Lighter per 8h
    0.0032%
    Funding arbitrage
    Short Lighter, long Backpack

  • KAITO
    0.0016%
    Gap per 8h
    Backpack per 8h
    0.0160%
    Lighter per 8h
    0.0144%
    Funding arbitrage
    Short Backpack, long Lighter

  • XRP
    0.0007%
    Gap per 8h
    Backpack per 8h
    0.0095%
    Lighter per 8h
    0.0088%
    Funding arbitrage
    Short Backpack, long Lighter

  • AAVE
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • BTC
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • LINK
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • LTC
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • AVAX
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • SUI
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • ARB
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • BNB
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • HYPE
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • PEPE
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • APT
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • DOT
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • JUP
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • LDO
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • TRUMP
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • TIA
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • WIF
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • XLM
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • ASTER
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • JTO
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • PENDLE
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • SEI
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • BONK
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • PYTH
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • SHIB
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • VIRTUAL
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • ZORA
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • CHIP
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

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

  • 0G
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

  • EDGE
    0.0004%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Lighter per 8h
    0.0096%
    Funding arbitrage
    Short Backpack, long Lighter

Showing 71 of 71

Frequently asked questions

Which has higher funding rates, Backpack or Lighter?
Right now Backpack has the higher funding rate on 48 of 71 shared coins.
How often do Backpack and Lighter pay funding?
On shared markets, Backpack pays every 1 hours and Lighter every 8 hours, depending on the contract. Rates on this page are annualized so they compare directly.
Can I arbitrage funding between Backpack and Lighter?
Yes, by going long where funding is lower and short where it is higher. The largest gap right now is 2Z at 0.1783% per 8 hours (195.21% APR) before fees.