BILL Funding Rate on Backpack

As of 2026-10-04 11:17 UTC, the BILL perpetual on Backpack pays 0.0036% per 1h, 0.0291% per 8 hours (31.89% APR), so longs pay shorts. That is the 2nd highest of 15 exchanges shown, against a volume-weighted average of 0.0137% per 8 hours (15.01% APR). Over the last 7 days Backpack averaged 0.0030% per 8 hours (3.32% APR). The next funding is at 2026-10-04 12:00 UTC.

Compare Backpack with other exchanges over 7 or 30 days

The widest pairing for Backpack is long BILL on Toobit and short on Backpack. Fees, slippage and the price basis between venues reduce the net return. Learn what a funding rate is.

Frequently asked questions

What is the BILL funding rate on Backpack?

0.0036% per 1h, or 0.0291% per 8 hours (31.89% APR), so longs pay shorts. The 7-day average is 0.0030% per 8 hours (3.32% APR).

How often does Backpack pay BILL funding?

Every hour. The next payment is at 2026-10-04 12:00 UTC.

Is BILL funding on Backpack higher than on other exchanges?

Backpack is the 2nd highest of 15 exchanges shown. The highest is OKX at 0.0176% per 4h (38.49% APR) and the lowest is Toobit at 0.0050% per 4h (10.95% APR).

How do you arbitrage BILL funding with Backpack?

Long BILL on Toobit and short on Backpack for a gross spread of 0.0191% per 8 hours (20.94% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.