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BONK Funding Rate on Backpack

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As of 2026-10-04 22:48 UTC, the BONK perpetual on Backpack pays 0.0013% per 1h, 0.0100% per 8 hours (10.95% APR), so longs pay shorts. That is the 17th highest of 24 exchanges shown, against a volume-weighted average of 0.0101% per 8 hours (11.05% APR). Over the last 7 days Backpack averaged 0.0019% per 8 hours (2.13% APR). The next funding is at 2026-10-04 23:00 UTC.

Rate per 1h
0.0013%
Same rate per 8h
0.0100%
7-day average per 8h
0.0019%
Next funding
2026-10-04 23:00 UTC
Rank
17 of 24

BONK funding on Backpack, per 8h

BONK funding on Backpack, per 8 hours, hourly, last 7 days-0.0600%-0.0400%-0.0200%0.0000%0.0200%Oct 2 13:00Oct 3 03:15Oct 3 17:30Oct 4 07:45Oct 4 22:00HW 0.0102%LW -0.0501%0.0100%

Compare Backpack with other exchanges over 7 or 30 days

BONK funding arbitrage with Backpack

LongBackpack0.0013%/1hShortKraken0.0080%/1hFunding gap 0.0541% per 8h before fees

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

BONK funding on every exchange

Showing 24 of 24

All BONK funding rates Backpack funding rates

Frequently asked questions

What is the BONK funding rate on Backpack?
0.0013% per 1h, or 0.0100% per 8 hours (10.95% APR), so longs pay shorts. The 7-day average is 0.0019% per 8 hours (2.13% APR).
How often does Backpack pay BONK funding?
Every hour. The next payment is at 2026-10-04 23:00 UTC.
Is BONK funding on Backpack higher than on other exchanges?
Backpack is the 17th highest of 24 exchanges shown. The highest is Kraken at 0.0080% per 1h (70.22% APR) and the lowest is Deepcoin at 0.0050% per 8h (5.47% APR).
How do you arbitrage BONK funding with Backpack?
Long BONK on Backpack and short on Kraken for a gross spread of 0.0541% per 8 hours (59.27% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.