2Z Funding Rate on Backpack

As of 2026-10-03 07:58 UTC, the 2Z perpetual on Backpack pays -0.0810% per 1h, -0.6478% per 8 hours (-709.34% APR), so shorts pay longs. That is the 11th highest of 19 exchanges shown, against a volume-weighted average of -0.6775% per 8 hours (-741.82% APR). Over the last 7 days Backpack averaged -0.4582% per 8 hours (-501.73% APR). The next funding is at 2026-10-03 08:00 UTC.

Compare Backpack with other exchanges over 7 or 30 days

The widest pairing for Backpack is long 2Z on Backpack and short on WhiteBIT. Fees, slippage and the price basis between venues reduce the net return. Learn what a funding rate is.

Frequently asked questions

What is the 2Z funding rate on Backpack?

-0.0810% per 1h, or -0.6478% per 8 hours (-709.34% APR), so shorts pay longs. The 7-day average is -0.4582% per 8 hours (-501.73% APR).

How often does Backpack pay 2Z funding?

Every hour. The next payment is at 2026-10-03 08:00 UTC.

Is 2Z funding on Backpack higher than on other exchanges?

Backpack is the 11th highest of 19 exchanges shown. The highest is WhiteBIT at 0.0050% per 4h (10.95% APR) and the lowest is MEXC at -0.4217% per 4h (-923.52% APR).

How do you arbitrage 2Z funding with Backpack?

Long 2Z on Backpack and short on WhiteBIT for a gross spread of 0.6578% per 8 hours (720.29% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.