# 2Z Funding Rate on Backpack

As of 2026-10-03 11:23 UTC, the 2Z perpetual on Backpack pays -0.0709% per 1h, -0.5669% per 8 hours (-620.73% APR), so shorts pay longs. That is the 10th highest of 19 exchanges shown, against a volume-weighted average of -0.5573% per 8 hours (-610.28% APR). Over the last 7 days Backpack averaged -0.4878% per 8 hours (-534.14% APR). The next funding is at 2026-10-03 12:00 UTC.

## Funding on every exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [WhiteBIT](https://arbtide.com/funding-rates/2z/whitebit) | [2Z/USDT:USDT](https://whitebit.com/trade/2Z-PERP?type=futures) | 0.0050% | 4h | 10.95% | 2026-10-03 12:00 UTC |
| [Pacifica](https://arbtide.com/funding-rates/2z/pacifica) | [2Z/USDC:USDC](https://app.pacifica.fi/trade/2Z) | 0.0013% | 1h | 10.95% | 2026-10-03 12:00 UTC |
| [Lighter](https://arbtide.com/funding-rates/2z/lighter) | [2Z/USDC:USDC](https://app.lighter.xyz/trade/2Z) | -0.2680% | 8h | -293.46% | — |
| [BingX](https://arbtide.com/funding-rates/2z/bingx) | [2Z/USDT:USDT](https://bingx.com/en/perpetual/2Z-USDT) | -0.1644% | 4h | -360.04% | — |
| [Bitget](https://arbtide.com/funding-rates/2z/bitget) | [2Z/USDT:USDT](https://www.bitget.com/futures/usdt/2ZUSDT) | -0.2335% | 4h | -511.37% | — |
| [Gate](https://arbtide.com/funding-rates/2z/gate) | [2Z/USDT:USDT](https://www.gate.com/futures/USDT/2Z_USDT) | -0.2388% | 4h | -522.97% | 2026-10-03 12:00 UTC |
| [KuCoin](https://arbtide.com/funding-rates/2z/kucoin) | [2Z/USDT:USDT](https://www.kucoin.com/trade/futures/2ZUSDTM) | -0.2472% | 4h | -541.37% | 2026-10-03 12:00 UTC |
| [Toobit](https://arbtide.com/funding-rates/2z/toobit) | [2Z/USDT:USDT](https://www.toobit.com/en-US/futures/2Z-SWAP-USDT) | -0.2630% | 4h | -575.87% | 2026-10-03 12:00 UTC |
| [Hyperliquid](https://arbtide.com/funding-rates/2z/hyperliquid) | [2Z/USDC:USDC](https://app.hyperliquid.xyz/trade/2Z) | -0.0667% | 1h | -584.61% | 2026-10-03 12:00 UTC |
| [Backpack](https://arbtide.com/funding-rates/2z/backpack) | [2Z/USDC:USDC](https://backpack.exchange/trade/2Z_USDC_PERP) | -0.0709% | 1h | -620.73% | 2026-10-03 12:00 UTC |
| [Bybit](https://arbtide.com/funding-rates/2z/bybit) | [2Z/USDT:USDT](https://www.bybit.com/trade/usdt/2ZUSDT) | -0.2873% | 4h | -629.10% | 2026-10-03 12:00 UTC |
| [MEXC](https://arbtide.com/funding-rates/2z/mexc) | [2Z/USDT:USDT](https://www.mexc.com/futures/2Z_USDT) | -0.2876% | 4h | -629.84% | 2026-10-03 12:00 UTC |
| [Aster](https://arbtide.com/funding-rates/2z/aster) | [2Z/USDT:USDT](https://www.asterdex.com/en/trade/pro/futures/2ZUSDT) | -0.2928% | 4h | -641.25% | — |
| [Binance](https://arbtide.com/funding-rates/2z/binance) | [2Z/USDT:USDT](https://www.binance.com/en/futures/2ZUSDT) | -0.3029% | 4h | -663.41% | 2026-10-03 12:00 UTC |
| [LBank](https://arbtide.com/funding-rates/2z/lbank) | [2Z/USDT:USDT](https://www.lbank.com/futures/2zusdt) | -0.3047% | 4h | -667.29% | 2026-10-03 12:00 UTC |
| [XT.COM](https://arbtide.com/funding-rates/2z/xt) | [2Z/USDT:USDT](https://www.xt.com/en/futures/trade/2z_usdt) | -0.3081% | 4h | -674.70% | 2026-10-03 12:00 UTC |
| [OKX](https://arbtide.com/funding-rates/2z/okx) | [2Z/USDT:USDT](https://www.okx.com/trade-swap/2z-usdt-swap) | -0.3138% | 4h | -687.25% | 2026-10-03 12:00 UTC |
| [WEEX](https://arbtide.com/funding-rates/2z/weex) | [2Z/USDT:USDT](https://www.weex.com/futures/2Z-USDT) | -0.3478% | 4h | -761.73% | 2026-10-03 11:23 UTC |
| [Crypto.com](https://arbtide.com/funding-rates/2z/cryptocom) | [2Z/USD:USD](https://crypto.com/exchange/trade/2ZUSD-PERP) | -0.1316% | 1h | -1153.19% | 2026-10-03 12:00 UTC |

## Frequently asked questions

### What is the 2Z funding rate on Backpack?

-0.0709% per 1h, or -0.5669% per 8 hours (-620.73% APR), so shorts pay longs. The 7-day average is -0.4878% per 8 hours (-534.14% APR).

### How often does Backpack pay 2Z funding?

Every hour. The next payment is at 2026-10-03 12:00 UTC.

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

Backpack is the 10th highest of 19 exchanges shown. The highest is WhiteBIT at 0.0050% per 4h (10.95% APR) and the lowest is WEEX at -0.3478% per 4h (-761.73% APR).

### How do you arbitrage 2Z funding with Backpack?

Long 2Z on Backpack and short on WhiteBIT for a gross spread of 0.5769% per 8 hours (631.68% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.