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BONK Funding Rate on Backpack

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As of 2026-10-03 10:01 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 6th highest of 23 exchanges shown, against a volume-weighted average of -0.0010% per 8 hours (-1.06% APR). Over the last 7 days Backpack averaged -0.0079% per 8 hours (-8.69% APR). The next funding is at 2026-10-03 11:00 UTC.

Rate per 1h
0.0013%
Same rate per 8h
0.0100%
7-day average per 8h
-0.0079%
Next funding
2026-10-03 11:00 UTC
Rank
6 of 23

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%13:0018:1523:3004:4510:00HW 0.0100%LW -0.0501%0.0100%

Compare Backpack with other exchanges over 7 or 30 days

BONK funding arbitrage with Backpack

LongKuCoin-0.0098%/4hShortBackpack0.0013%/1hFunding gap 0.0296% per 8h before fees

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

BONK funding on every exchange

Showing 23 of 23

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 -0.0079% per 8 hours (-8.69% APR).
How often does Backpack pay BONK funding?
Every hour. The next payment is at 2026-10-03 11:00 UTC.
Is BONK funding on Backpack higher than on other exchanges?
Backpack is the 6th highest of 23 exchanges shown. The highest is Bybit at 0.0050% per 4h (10.95% APR) and the lowest is KuCoin at -0.0098% per 4h (-21.46% APR).
How do you arbitrage BONK funding with Backpack?
Long BONK on KuCoin and short on Backpack for a gross spread of 0.0296% per 8 hours (32.41% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.