ArbTide

Backpack vs Toobit Funding Rates: 69 Coins Compared

As of 2026-10-03 02:27 UTC, Backpack and Toobit share 69 liquid perpetual markets. Backpack has the higher funding rate on 32 of them (46%), and the average gap is 0.0225% per 8 hours (24.65% APR). The widest gap is CHIP at 0.2555% per 8 hours (279.76% APR): short on Toobit and long on Backpack.

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Backpack funding rates Toobit funding rates

Largest funding gaps between Backpack and Toobit

  • CHIP
    0.2555%
    Gap per 8h
    Backpack per 8h
    -0.1139%
    Toobit per 8h
    0.1416%
    Funding arbitrage
    Short Toobit, long Backpack

  • 2Z
    0.1404%
    Gap per 8h
    Backpack per 8h
    -0.3528%
    Toobit per 8h
    -0.4932%
    Funding arbitrage
    Short Backpack, long Toobit

  • PENGU
    0.0853%
    Gap per 8h
    Backpack per 8h
    -0.0753%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Toobit, long Backpack

  • CC
    0.0849%
    Gap per 8h
    Backpack per 8h
    0.0949%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Toobit

  • PYTH
    0.0828%
    Gap per 8h
    Backpack per 8h
    -0.0728%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Toobit, long Backpack

  • SKR
    0.0738%
    Gap per 8h
    Backpack per 8h
    0.0838%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Toobit

  • BILL
    0.0695%
    Gap per 8h
    Backpack per 8h
    -0.0595%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Toobit, long Backpack

  • AVNT
    0.0618%
    Gap per 8h
    Backpack per 8h
    0.0147%
    Toobit per 8h
    -0.0471%
    Funding arbitrage
    Short Backpack, long Toobit

  • ZORA
    0.0601%
    Gap per 8h
    Backpack per 8h
    -0.0501%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Toobit, long Backpack

  • HBAR
    0.0534%
    Gap per 8h
    Backpack per 8h
    -0.0485%
    Toobit per 8h
    0.0049%
    Funding arbitrage
    Short Toobit, long Backpack

  • KMNO
    0.0478%
    Gap per 8h
    Backpack per 8h
    -0.0650%
    Toobit per 8h
    -0.0172%
    Funding arbitrage
    Short Toobit, long Backpack

  • ZRO
    0.0428%
    Gap per 8h
    Backpack per 8h
    -0.0328%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Toobit, long Backpack

  • MET
    0.0424%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0524%
    Funding arbitrage
    Short Toobit, long Backpack

  • MEGA
    0.0369%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0469%
    Funding arbitrage
    Short Toobit, long Backpack

  • PEPE
    0.0349%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    -0.0249%
    Funding arbitrage
    Short Backpack, long Toobit

  • PENDLE
    0.0342%
    Gap per 8h
    Backpack per 8h
    0.0424%
    Toobit per 8h
    0.0083%
    Funding arbitrage
    Short Backpack, long Toobit

  • XMR
    0.0273%
    Gap per 8h
    Backpack per 8h
    0.0373%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Toobit

  • ARB
    0.0224%
    Gap per 8h
    Backpack per 8h
    -0.0181%
    Toobit per 8h
    0.0043%
    Funding arbitrage
    Short Toobit, long Backpack

  • AERO
    0.0214%
    Gap per 8h
    Backpack per 8h
    0.0314%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Toobit

  • DOT
    0.0214%
    Gap per 8h
    Backpack per 8h
    -0.0157%
    Toobit per 8h
    0.0057%
    Funding arbitrage
    Short Toobit, long Backpack

  • ZEC
    0.0192%
    Gap per 8h
    Backpack per 8h
    0.0292%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Toobit

  • APT
    0.0169%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    -0.0069%
    Funding arbitrage
    Short Backpack, long Toobit

  • S
    0.0164%
    Gap per 8h
    Backpack per 8h
    -0.0064%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Toobit, long Backpack

  • VVV
    0.0163%
    Gap per 8h
    Backpack per 8h
    0.0263%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Backpack, long Toobit

  • SOL
    0.0147%
    Gap per 8h
    Backpack per 8h
    0.0074%
    Toobit per 8h
    -0.0073%
    Funding arbitrage
    Short Backpack, long Toobit

  • XRP
    0.0142%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    -0.0042%
    Funding arbitrage
    Short Backpack, long Toobit

  • XLM
    0.0127%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    -0.0027%
    Funding arbitrage
    Short Backpack, long Toobit

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

  • TAO
    0.0122%
    Gap per 8h
    Backpack per 8h
    -0.0101%
    Toobit per 8h
    0.0021%
    Funding arbitrage
    Short Toobit, long Backpack

  • ENA
    0.0109%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    -0.0009%
    Funding arbitrage
    Short Backpack, long Toobit

  • PAXG
    0.0099%
    Gap per 8h
    Backpack per 8h
    -0.0025%
    Toobit per 8h
    0.0073%
    Funding arbitrage
    Short Toobit, long Backpack

  • ETH
    0.0097%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0003%
    Funding arbitrage
    Short Backpack, long Toobit

  • BNB
    0.0078%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0022%
    Funding arbitrage
    Short Backpack, long Toobit

  • LTC
    0.0075%
    Gap per 8h
    Backpack per 8h
    0.0096%
    Toobit per 8h
    0.0021%
    Funding arbitrage
    Short Backpack, long Toobit

  • TRX
    0.0068%
    Gap per 8h
    Backpack per 8h
    -0.0431%
    Toobit per 8h
    -0.0363%
    Funding arbitrage
    Short Toobit, long Backpack

  • BTC
    0.0065%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0035%
    Funding arbitrage
    Short Backpack, long Toobit

  • 0G
    0.0060%
    Gap per 8h
    Backpack per 8h
    0.0040%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Toobit, long Backpack

  • AAVE
    0.0058%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0042%
    Funding arbitrage
    Short Backpack, long Toobit

  • SEI
    0.0055%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0045%
    Funding arbitrage
    Short Backpack, long Toobit

  • LINK
    0.0052%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0048%
    Funding arbitrage
    Short Backpack, long Toobit

  • ASTER
    0.0051%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0151%
    Funding arbitrage
    Short Toobit, long Backpack

  • NEAR
    0.0045%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0055%
    Funding arbitrage
    Short Backpack, long Toobit

  • DOGE
    0.0043%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0057%
    Funding arbitrage
    Short Backpack, long Toobit

  • BONK
    0.0043%
    Gap per 8h
    Backpack per 8h
    -0.0111%
    Toobit per 8h
    -0.0154%
    Funding arbitrage
    Short Backpack, long Toobit

  • AVAX
    0.0035%
    Gap per 8h
    Backpack per 8h
    0.0041%
    Toobit per 8h
    0.0076%
    Funding arbitrage
    Short Toobit, long Backpack

  • ADA
    0.0034%
    Gap per 8h
    Backpack per 8h
    0.0066%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Toobit, long Backpack

  • W
    0.0032%
    Gap per 8h
    Backpack per 8h
    0.0068%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Toobit, long Backpack

  • TIA
    0.0025%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0075%
    Funding arbitrage
    Short Backpack, long Toobit

  • LDO
    0.0022%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0078%
    Funding arbitrage
    Short Backpack, long Toobit

  • WIF
    0.0012%
    Gap per 8h
    Backpack per 8h
    0.0018%
    Toobit per 8h
    0.0005%
    Funding arbitrage
    Short Backpack, long Toobit

  • ONDO
    0.0009%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0091%
    Funding arbitrage
    Short Backpack, long Toobit

  • HYPE
    0.0009%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0109%
    Funding arbitrage
    Short Toobit, long Backpack

  • OP
    0.0007%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0093%
    Funding arbitrage
    Short Backpack, long Toobit

  • JTO
    0.0003%
    Gap per 8h
    Backpack per 8h
    0.0088%
    Toobit per 8h
    0.0091%
    Funding arbitrage
    Short Toobit, long Backpack

  • JUP
    0.0002%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0098%
    Funding arbitrage
    Short Backpack, long Toobit

  • FARTCOIN
    0.0001%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0101%
    Funding arbitrage
    Short Toobit, long Backpack

  • TRUMP
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Toobit, long Backpack

  • UNI
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Toobit, long Backpack

  • SUI
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Toobit, long Backpack

  • WLD
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Toobit, long Backpack

  • XPL
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Toobit, long Backpack

  • KAITO
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Toobit, long Backpack

  • WLFI
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Toobit, long Backpack

  • SHIB
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Toobit, long Backpack

  • STRK
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Toobit, long Backpack

  • VIRTUAL
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Toobit, long Backpack

  • MON
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Toobit, long Backpack

  • BERA
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Toobit, long Backpack

  • LINEA
    0.0000%
    Gap per 8h
    Backpack per 8h
    0.0100%
    Toobit per 8h
    0.0100%
    Funding arbitrage
    Short Toobit, long Backpack

Showing 69 of 69

Frequently asked questions

Which has higher funding rates, Backpack or Toobit?
Right now Toobit has the higher funding rate on 37 of 69 shared coins.
How often do Backpack and Toobit pay funding?
On shared markets, Backpack pays every 1 hours and Toobit 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 Toobit?
Yes, by going long where funding is lower and short where it is higher. The largest gap right now is CHIP at 0.2555% per 8 hours (279.76% APR) before fees.