# Backpack Funding Rates & Arbitrage: Live Data

As of 2026-10-04 04:29 UTC, ArbTide tracks 91 perpetual and 8 spot markets on Backpack. BTC funding is 0.0013% per 1h (0.0100% per 8 hours (10.95% APR)). Most contracts pay funding every hour. The highest funding among liquid coins is MEGA at 0.1534% per 8 hours (167.94% APR) and the lowest is 2Z at -0.3255% per 8 hours (-356.38% APR). 0 live price arbitrage routes involve Backpack.

## Highest funding rates on Backpack

| Coin | Market | Funding rate | Interval | APR |
| --- | --- | --- | --- | --- |
| [MEGA](https://arbtide.com/funding-rates/mega/backpack) | [MEGA/USDC:USDC](https://backpack.exchange/trade/MEGA_USDC_PERP) | 0.0192% | 1h | 167.94% |
| [EDGE](https://arbtide.com/funding-rates/edge/backpack) | [EDGE/USDC:USDC](https://backpack.exchange/trade/EDGE_USDC_PERP) | 0.0158% | 1h | 137.98% |
| [MON](https://arbtide.com/funding-rates/mon/backpack) | [MON/USDC:USDC](https://backpack.exchange/trade/MON_USDC_PERP) | 0.0114% | 1h | 99.58% |
| [PENDLE](https://arbtide.com/funding-rates/pendle/backpack) | [PENDLE/USDC:USDC](https://backpack.exchange/trade/PENDLE_USDC_PERP) | 0.0085% | 1h | 74.63% |
| [SKR](https://arbtide.com/funding-rates/skr/backpack) | [SKR/USDC:USDC](https://backpack.exchange/trade/SKR_USDC_PERP) | 0.0082% | 1h | 71.99% |
| [XPL](https://arbtide.com/funding-rates/xpl/backpack) | [XPL/USDC:USDC](https://backpack.exchange/trade/XPL_USDC_PERP) | 0.0069% | 1h | 60.34% |
| [LINEA](https://arbtide.com/funding-rates/linea/backpack) | [LINEA/USDC:USDC](https://backpack.exchange/trade/LINEA_USDC_PERP) | 0.0067% | 1h | 58.51% |
| [XMR](https://arbtide.com/funding-rates/xmr/backpack) | [XMR/USDC:USDC](https://backpack.exchange/trade/XMR_USDC_PERP) | 0.0066% | 1h | 57.48% |
| [MNT](https://arbtide.com/funding-rates/mnt/backpack) | [MNT/USDC:USDC](https://backpack.exchange/trade/MNT_USDC_PERP) | 0.0058% | 1h | 51.17% |
| [NEAR](https://arbtide.com/funding-rates/near/backpack) | [NEAR/USDC:USDC](https://backpack.exchange/trade/NEAR_USDC_PERP) | 0.0054% | 1h | 47.06% |

## Lowest funding rates on Backpack

| Coin | Market | Funding rate | Interval | APR |
| --- | --- | --- | --- | --- |
| [2Z](https://arbtide.com/funding-rates/2z/backpack) | [2Z/USDC:USDC](https://backpack.exchange/trade/2Z_USDC_PERP) | -0.0407% | 1h | -356.38% |
| [W](https://arbtide.com/funding-rates/w/backpack) | [W/USDC:USDC](https://backpack.exchange/trade/W_USDC_PERP) | -0.0168% | 1h | -147.28% |
| [BERA](https://arbtide.com/funding-rates/bera/backpack) | [BERA/USDC:USDC](https://backpack.exchange/trade/BERA_USDC_PERP) | -0.0105% | 1h | -92.02% |
| [TRX](https://arbtide.com/funding-rates/trx/backpack) | [TRX/USDC:USDC](https://backpack.exchange/trade/TRX_USDC_PERP) | -0.0101% | 1h | -88.12% |
| [CHIP](https://arbtide.com/funding-rates/chip/backpack) | [CHIP/USDC:USDC](https://backpack.exchange/trade/CHIP_USDC_PERP) | -0.0082% | 1h | -71.56% |
| [KMNO](https://arbtide.com/funding-rates/kmno/backpack) | [KMNO/USDC:USDC](https://backpack.exchange/trade/KMNO_USDC_PERP) | -0.0068% | 1h | -59.92% |
| [ADA](https://arbtide.com/funding-rates/ada/backpack) | [ADA/USDC:USDC](https://backpack.exchange/trade/ADA_USDC_PERP) | -0.0041% | 1h | -35.65% |
| [HBAR](https://arbtide.com/funding-rates/hbar/backpack) | [HBAR/USDC:USDC](https://backpack.exchange/trade/HBAR_USDC_PERP) | -0.0040% | 1h | -34.67% |
| [TRUMP](https://arbtide.com/funding-rates/trump/backpack) | [TRUMP/USDC:USDC](https://backpack.exchange/trade/TRUMP_USDC_PERP) | -0.0016% | 1h | -14.02% |
| [JTO](https://arbtide.com/funding-rates/jto/backpack) | [JTO/USDC:USDC](https://backpack.exchange/trade/JTO_USDC_PERP) | -0.0005% | 1h | -4.10% |

## Arbitrage routes involving Backpack

| Coin | Market | Buy on | Ask | Sell on | Bid | Gross spread | Fees | Net spread | Top-of-book size |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

## Frequently asked questions

### How often does Backpack pay funding?

Backpack pays funding every hour on 91 contracts.

### What is the BTC funding rate on Backpack?

0.0013% per 1h on BTC/USDC:USDC, which is 0.0100% per 8 hours (10.95% APR).

### Which coin has the highest funding rate on Backpack?

Among coins with at least $1M of daily perpetual volume, MEGA has the highest funding at 0.1534% per 8 hours (167.94% APR).

### Are there arbitrage opportunities on Backpack right now?

No route involving Backpack covers its fees right now.