Which has higher funding rates, Backpack or Paradex?

Right now Backpack has the higher funding rate on 34 of 40 shared coins.

How often do Backpack and Paradex pay funding?

On shared markets, Backpack pays every 1 hours and Paradex every 8 hours, depending on the contract. Rates on this page are annualized so they compare directly.

Can I arbitrage funding between Backpack and Paradex?

Yes, by going long where funding is lower and short where it is higher. The largest gap right now is CC at 0.0855% per 8 hours (93.63% APR) before fees.

Backpack vs Paradex Funding Rates: 40 Coins Compared

As of 2026-10-03 02:27 UTC, Backpack and Paradex share 40 liquid perpetual markets. Backpack has the higher funding rate on 34 of them (85%), and the average gap is 0.0102% per 8 hours (11.17% APR). The widest gap is CC at 0.0855% per 8 hours (93.63% APR): short on Backpack and long on Paradex.

LiveAs of 2026-10-03 02:27 UTC · refreshes every 30 s

Backpack funding rates Paradex funding rates

Largest funding gaps between Backpack and Paradex

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CC
0.0855%
Gap per 8h
Backpack per 8h
0.0946%
Paradex per 8h
0.0091%
Funding arbitrage
Short Backpack, long Paradex
PYTH
0.0735%
Gap per 8h
Backpack per 8h
-0.0728%
Paradex per 8h
0.0007%
Funding arbitrage
Short Paradex, long Backpack
PENDLE
0.0330%
Gap per 8h
Backpack per 8h
0.0421%
Paradex per 8h
0.0091%
Funding arbitrage
Short Backpack, long Paradex
XMR
0.0240%
Gap per 8h
Backpack per 8h
0.0375%
Paradex per 8h
0.0135%
Funding arbitrage
Short Backpack, long Paradex
TRX
0.0193%
Gap per 8h
Backpack per 8h
-0.0432%
Paradex per 8h
-0.0238%
Funding arbitrage
Short Paradex, long Backpack
ZEC
0.0192%
Gap per 8h
Backpack per 8h
0.0292%
Paradex per 8h
0.0100%
Funding arbitrage
Short Backpack, long Paradex
JUP
0.0174%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
-0.0074%
Funding arbitrage
Short Backpack, long Paradex
LIT
0.0160%
Gap per 8h
Backpack per 8h
0.0260%
Paradex per 8h
0.0100%
Funding arbitrage
Short Backpack, long Paradex
TAO
0.0160%
Gap per 8h
Backpack per 8h
-0.0099%
Paradex per 8h
0.0060%
Funding arbitrage
Short Paradex, long Backpack
JTO
0.0143%
Gap per 8h
Backpack per 8h
0.0086%
Paradex per 8h
-0.0056%
Funding arbitrage
Short Backpack, long Paradex
XPL
0.0129%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
-0.0029%
Funding arbitrage
Short Backpack, long Paradex
PAXG
0.0126%
Gap per 8h
Backpack per 8h
-0.0026%
Paradex per 8h
0.0100%
Funding arbitrage
Short Paradex, long Backpack
VVV
0.0120%
Gap per 8h
Backpack per 8h
0.0256%
Paradex per 8h
0.0136%
Funding arbitrage
Short Backpack, long Paradex
SOL
0.0071%
Gap per 8h
Backpack per 8h
0.0073%
Paradex per 8h
0.0003%
Funding arbitrage
Short Backpack, long Paradex
AAVE
0.0067%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
0.0033%
Funding arbitrage
Short Backpack, long Paradex
BTC
0.0060%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
0.0040%
Funding arbitrage
Short Backpack, long Paradex
PEPE
0.0055%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
0.0045%
Funding arbitrage
Short Backpack, long Paradex
PUMP
0.0052%
Gap per 8h
Backpack per 8h
0.0151%
Paradex per 8h
0.0100%
Funding arbitrage
Short Backpack, long Paradex
AVAX
0.0051%
Gap per 8h
Backpack per 8h
0.0042%
Paradex per 8h
0.0093%
Funding arbitrage
Short Paradex, long Backpack
XRP
0.0046%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
0.0054%
Funding arbitrage
Short Backpack, long Paradex
WLFI
0.0037%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
0.0063%
Funding arbitrage
Short Backpack, long Paradex
ADA
0.0019%
Gap per 8h
Backpack per 8h
0.0068%
Paradex per 8h
0.0087%
Funding arbitrage
Short Paradex, long Backpack
KAITO
0.0016%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
0.0084%
Funding arbitrage
Short Backpack, long Paradex
LINK
0.0014%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
0.0086%
Funding arbitrage
Short Backpack, long Paradex
NEAR
0.0011%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
0.0089%
Funding arbitrage
Short Backpack, long Paradex
LDO
0.0007%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
0.0093%
Funding arbitrage
Short Backpack, long Paradex
ENA
0.0006%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
0.0094%
Funding arbitrage
Short Backpack, long Paradex
HYPE
0.0004%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
0.0096%
Funding arbitrage
Short Backpack, long Paradex
ETH
0.0004%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
0.0096%
Funding arbitrage
Short Backpack, long Paradex
BNB
0.0002%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
0.0098%
Funding arbitrage
Short Backpack, long Paradex
MON
0.0001%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
0.0099%
Funding arbitrage
Short Backpack, long Paradex
UNI
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
0.0100%
Funding arbitrage
Short Backpack, long Paradex
STRK
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
0.0100%
Funding arbitrage
Short Backpack, long Paradex
ONDO
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
0.0100%
Funding arbitrage
Short Backpack, long Paradex
GRAM
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
0.0100%
Funding arbitrage
Short Backpack, long Paradex
SUI
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
0.0100%
Funding arbitrage
Short Backpack, long Paradex
TRUMP
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
0.0100%
Funding arbitrage
Short Backpack, long Paradex
DOGE
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
0.0100%
Funding arbitrage
Short Backpack, long Paradex
LTC
0.0000%
Gap per 8h
Backpack per 8h
0.0097%
Paradex per 8h
0.0097%
Funding arbitrage
Short Backpack, long Paradex
SHIB
0.0000%
Gap per 8h
Backpack per 8h
0.0100%
Paradex per 8h
0.0100%
Funding arbitrage
Short Backpack, long Paradex

Backpack vs Paradex Funding Rates: 40 Coins Compared

CC	0.0946%	0.0091%	0.0855%	Short Backpack, long Paradex
PYTH	-0.0728%	0.0007%	0.0735%	Short Paradex, long Backpack
PENDLE	0.0421%	0.0091%	0.0330%	Short Backpack, long Paradex
XMR	0.0375%	0.0135%	0.0240%	Short Backpack, long Paradex
TRX	-0.0432%	-0.0238%	0.0193%	Short Paradex, long Backpack
ZEC	0.0292%	0.0100%	0.0192%	Short Backpack, long Paradex
JUP	0.0100%	-0.0074%	0.0174%	Short Backpack, long Paradex
LIT	0.0260%	0.0100%	0.0160%	Short Backpack, long Paradex
TAO	-0.0099%	0.0060%	0.0160%	Short Paradex, long Backpack
JTO	0.0086%	-0.0056%	0.0143%	Short Backpack, long Paradex
XPL	0.0100%	-0.0029%	0.0129%	Short Backpack, long Paradex
PAXG	-0.0026%	0.0100%	0.0126%	Short Paradex, long Backpack
VVV	0.0256%	0.0136%	0.0120%	Short Backpack, long Paradex
SOL	0.0073%	0.0003%	0.0071%	Short Backpack, long Paradex
AAVE	0.0100%	0.0033%	0.0067%	Short Backpack, long Paradex
BTC	0.0100%	0.0040%	0.0060%	Short Backpack, long Paradex
PEPE	0.0100%	0.0045%	0.0055%	Short Backpack, long Paradex
PUMP	0.0151%	0.0100%	0.0052%	Short Backpack, long Paradex
AVAX	0.0042%	0.0093%	0.0051%	Short Paradex, long Backpack
XRP	0.0100%	0.0054%	0.0046%	Short Backpack, long Paradex
WLFI	0.0100%	0.0063%	0.0037%	Short Backpack, long Paradex
ADA	0.0068%	0.0087%	0.0019%	Short Paradex, long Backpack
KAITO	0.0100%	0.0084%	0.0016%	Short Backpack, long Paradex
LINK	0.0100%	0.0086%	0.0014%	Short Backpack, long Paradex
NEAR	0.0100%	0.0089%	0.0011%	Short Backpack, long Paradex
LDO	0.0100%	0.0093%	0.0007%	Short Backpack, long Paradex
ENA	0.0100%	0.0094%	0.0006%	Short Backpack, long Paradex
HYPE	0.0100%	0.0096%	0.0004%	Short Backpack, long Paradex
ETH	0.0100%	0.0096%	0.0004%	Short Backpack, long Paradex
BNB	0.0100%	0.0098%	0.0002%	Short Backpack, long Paradex
MON	0.0100%	0.0099%	0.0001%	Short Backpack, long Paradex
UNI	0.0100%	0.0100%	0.0000%	Short Backpack, long Paradex
STRK	0.0100%	0.0100%	0.0000%	Short Backpack, long Paradex
ONDO	0.0100%	0.0100%	0.0000%	Short Backpack, long Paradex
GRAM	0.0100%	0.0100%	0.0000%	Short Backpack, long Paradex
SUI	0.0100%	0.0100%	0.0000%	Short Backpack, long Paradex
TRUMP	0.0100%	0.0100%	0.0000%	Short Backpack, long Paradex
DOGE	0.0100%	0.0100%	0.0000%	Short Backpack, long Paradex
LTC	0.0097%	0.0097%	0.0000%	Short Backpack, long Paradex
SHIB	0.0100%	0.0100%	0.0000%	Short Backpack, long Paradex

Showing 40 of 40

Frequently asked questions

Which has higher funding rates, Backpack or Paradex?: Right now Backpack has the higher funding rate on 34 of 40 shared coins.
How often do Backpack and Paradex pay funding?: On shared markets, Backpack pays every 1 hours and Paradex every 8 hours, depending on the contract. Rates on this page are annualized so they compare directly.
Can I arbitrage funding between Backpack and Paradex?: Yes, by going long where funding is lower and short where it is higher. The largest gap right now is CC at 0.0855% per 8 hours (93.63% APR) before fees.