Which has higher funding rates, Backpack or OKX?

Right now OKX has the higher funding rate on 48 of 70 shared coins.

How often do Backpack and OKX pay funding?

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

Yes, by going long where funding is lower and short where it is higher. The largest gap right now is 2Z at 0.1492% per 8 hours (163.32% APR) before fees.

Backpack vs OKX Funding Rates: 70 Coins Compared

As of 2026-10-03 18:25 UTC, Backpack and OKX share 70 liquid perpetual markets. Backpack has the higher funding rate on 22 of them (31%), and the average gap is 0.0160% per 8 hours (17.55% APR). The widest gap is 2Z at 0.1492% per 8 hours (163.32% APR): short on OKX and long on Backpack.

LiveAs of 2026-10-03 18:25 UTC · refreshes every 30 s

Backpack funding rates OKX funding rates

Largest funding gaps between Backpack and OKX

Sort by

2Z
0.1492%
Gap per 8h
Backpack per 8h
-0.4992%
OKX per 8h
-0.3501%
Funding arbitrage
Short OKX, long Backpack
W
0.1344%
Gap per 8h
Backpack per 8h
-0.1244%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
CHIP
0.1210%
Gap per 8h
Backpack per 8h
-0.1110%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
KMNO
0.0712%
Gap per 8h
Backpack per 8h
-0.0948%
OKX per 8h
-0.0235%
Funding arbitrage
Short OKX, long Backpack
BILL
0.0707%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0807%
Funding arbitrage
Short OKX, long Backpack
MON
0.0564%
Gap per 8h
Backpack per 8h
0.0415%
OKX per 8h
-0.0150%
Funding arbitrage
Short Backpack, long OKX
BERA
0.0446%
Gap per 8h
Backpack per 8h
-0.0346%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
JTO
0.0422%
Gap per 8h
Backpack per 8h
0.0522%
OKX per 8h
0.0100%
Funding arbitrage
Short Backpack, long OKX
NEAR
0.0408%
Gap per 8h
Backpack per 8h
0.0508%
OKX per 8h
0.0100%
Funding arbitrage
Short Backpack, long OKX
SEI
0.0408%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
-0.0308%
Funding arbitrage
Short Backpack, long OKX
AVNT
0.0388%
Gap per 8h
Backpack per 8h
-0.0288%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
ONDO
0.0344%
Gap per 8h
Backpack per 8h
-0.0244%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
CC
0.0330%
Gap per 8h
Backpack per 8h
0.0430%
OKX per 8h
0.0100%
Funding arbitrage
Short Backpack, long OKX
S
0.0274%
Gap per 8h
Backpack per 8h
0.0272%
OKX per 8h
-0.0002%
Funding arbitrage
Short Backpack, long OKX
LIT
0.0261%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
-0.0161%
Funding arbitrage
Short Backpack, long OKX
PYTH
0.0251%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
-0.0151%
Funding arbitrage
Short Backpack, long OKX
UNI
0.0191%
Gap per 8h
Backpack per 8h
-0.0091%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
MEGA
0.0178%
Gap per 8h
Backpack per 8h
0.0276%
OKX per 8h
0.0099%
Funding arbitrage
Short Backpack, long OKX
ENA
0.0162%
Gap per 8h
Backpack per 8h
0.0251%
OKX per 8h
0.0090%
Funding arbitrage
Short Backpack, long OKX
XLM
0.0139%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
-0.0039%
Funding arbitrage
Short Backpack, long OKX
ADA
0.0136%
Gap per 8h
Backpack per 8h
-0.0075%
OKX per 8h
0.0061%
Funding arbitrage
Short OKX, long Backpack
ZEC
0.0119%
Gap per 8h
Backpack per 8h
0.0219%
OKX per 8h
0.0100%
Funding arbitrage
Short Backpack, long OKX
HBAR
0.0118%
Gap per 8h
Backpack per 8h
-0.0180%
OKX per 8h
-0.0061%
Funding arbitrage
Short OKX, long Backpack
MET
0.0097%
Gap per 8h
Backpack per 8h
0.0003%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
TRX
0.0094%
Gap per 8h
Backpack per 8h
-0.0263%
OKX per 8h
-0.0169%
Funding arbitrage
Short OKX, long Backpack
CRV
0.0062%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0038%
Funding arbitrage
Short Backpack, long OKX
ETH
0.0056%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0044%
Funding arbitrage
Short Backpack, long OKX
SOL
0.0046%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0054%
Funding arbitrage
Short Backpack, long OKX
WLFI
0.0041%
Gap per 8h
Backpack per 8h
-0.0156%
OKX per 8h
-0.0115%
Funding arbitrage
Short OKX, long Backpack
BTC
0.0040%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0060%
Funding arbitrage
Short Backpack, long OKX
ZORA
0.0038%
Gap per 8h
Backpack per 8h
0.0062%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
HYPE
0.0029%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0071%
Funding arbitrage
Short Backpack, long OKX
OP
0.0025%
Gap per 8h
Backpack per 8h
0.0049%
OKX per 8h
0.0074%
Funding arbitrage
Short OKX, long Backpack
XRP
0.0025%
Gap per 8h
Backpack per 8h
0.0018%
OKX per 8h
-0.0007%
Funding arbitrage
Short Backpack, long OKX
DOGE
0.0019%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0081%
Funding arbitrage
Short Backpack, long OKX
PUMP
0.0015%
Gap per 8h
Backpack per 8h
0.0115%
OKX per 8h
0.0100%
Funding arbitrage
Short Backpack, long OKX
PENGU
0.0014%
Gap per 8h
Backpack per 8h
0.0086%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
TRUMP
0.0009%
Gap per 8h
Backpack per 8h
-0.0007%
OKX per 8h
-0.0016%
Funding arbitrage
Short Backpack, long OKX
PENDLE
0.0002%
Gap per 8h
Backpack per 8h
0.0102%
OKX per 8h
0.0100%
Funding arbitrage
Short Backpack, long OKX
AAVE
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
BNB
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
LINK
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
LTC
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
SUI
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
ARB
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
AVAX
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
LDO
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
PEPE
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
TAO
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
WLD
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
APT
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
DOT
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
JUP
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
XPL
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
TIA
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
WIF
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
ASTER
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
KAITO
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
FARTCOIN
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
BONK
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
SHIB
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
STRK
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
VIRTUAL
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
ZRO
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
VVV
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
AERO
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
GRAM
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
LINEA
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
0G
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack
EDGE
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
OKX per 8h
0.0100%
Funding arbitrage
Short OKX, long Backpack

Backpack vs OKX Funding Rates: 70 Coins Compared

2Z	-0.4992%	-0.3501%	0.1492%	Short OKX, long Backpack
W	-0.1244%	0.0100%	0.1344%	Short OKX, long Backpack
CHIP	-0.1110%	0.0100%	0.1210%	Short OKX, long Backpack
KMNO	-0.0948%	-0.0235%	0.0712%	Short OKX, long Backpack
BILL	0.0100%	0.0807%	0.0707%	Short OKX, long Backpack
MON	0.0415%	-0.0150%	0.0564%	Short Backpack, long OKX
BERA	-0.0346%	0.0100%	0.0446%	Short OKX, long Backpack
JTO	0.0522%	0.0100%	0.0422%	Short Backpack, long OKX
NEAR	0.0508%	0.0100%	0.0408%	Short Backpack, long OKX
SEI	0.0100%	-0.0308%	0.0408%	Short Backpack, long OKX
AVNT	-0.0288%	0.0100%	0.0388%	Short OKX, long Backpack
ONDO	-0.0244%	0.0100%	0.0344%	Short OKX, long Backpack
CC	0.0430%	0.0100%	0.0330%	Short Backpack, long OKX
S	0.0272%	-0.0002%	0.0274%	Short Backpack, long OKX
LIT	0.0100%	-0.0161%	0.0261%	Short Backpack, long OKX
PYTH	0.0100%	-0.0151%	0.0251%	Short Backpack, long OKX
UNI	-0.0091%	0.0100%	0.0191%	Short OKX, long Backpack
MEGA	0.0276%	0.0099%	0.0178%	Short Backpack, long OKX
ENA	0.0251%	0.0090%	0.0162%	Short Backpack, long OKX
XLM	0.0100%	-0.0039%	0.0139%	Short Backpack, long OKX
ADA	-0.0075%	0.0061%	0.0136%	Short OKX, long Backpack
ZEC	0.0219%	0.0100%	0.0119%	Short Backpack, long OKX
HBAR	-0.0180%	-0.0061%	0.0118%	Short OKX, long Backpack
MET	0.0003%	0.0100%	0.0097%	Short OKX, long Backpack
TRX	-0.0263%	-0.0169%	0.0094%	Short OKX, long Backpack
CRV	0.0100%	0.0038%	0.0062%	Short Backpack, long OKX
ETH	0.0100%	0.0044%	0.0056%	Short Backpack, long OKX
SOL	0.0100%	0.0054%	0.0046%	Short Backpack, long OKX
WLFI	-0.0156%	-0.0115%	0.0041%	Short OKX, long Backpack
BTC	0.0100%	0.0060%	0.0040%	Short Backpack, long OKX
ZORA	0.0062%	0.0100%	0.0038%	Short OKX, long Backpack
HYPE	0.0100%	0.0071%	0.0029%	Short Backpack, long OKX
OP	0.0049%	0.0074%	0.0025%	Short OKX, long Backpack
XRP	0.0018%	-0.0007%	0.0025%	Short Backpack, long OKX
DOGE	0.0100%	0.0081%	0.0019%	Short Backpack, long OKX
PUMP	0.0115%	0.0100%	0.0015%	Short Backpack, long OKX
PENGU	0.0086%	0.0100%	0.0014%	Short OKX, long Backpack
TRUMP	-0.0007%	-0.0016%	0.0009%	Short Backpack, long OKX
PENDLE	0.0102%	0.0100%	0.0002%	Short Backpack, long OKX
AAVE	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
BNB	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
LINK	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
LTC	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
SUI	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
ARB	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
AVAX	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
LDO	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
PEPE	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
TAO	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
WLD	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
APT	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
DOT	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
JUP	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
XPL	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
TIA	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
WIF	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
ASTER	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
KAITO	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
FARTCOIN	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
BONK	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
SHIB	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
STRK	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
VIRTUAL	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
ZRO	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
VVV	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
AERO	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
GRAM	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
LINEA	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
0G	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack
EDGE	0.0100%	0.0100%	0.0000%	Short OKX, long Backpack

Showing 70 of 70

Frequently asked questions

Which has higher funding rates, Backpack or OKX?: Right now OKX has the higher funding rate on 48 of 70 shared coins.
How often do Backpack and OKX pay funding?: On shared markets, Backpack pays every 1 hours and OKX 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 OKX?: Yes, by going long where funding is lower and short where it is higher. The largest gap right now is 2Z at 0.1492% per 8 hours (163.32% APR) before fees.