CC Funding Rate on Backpack

As of 2026-10-03 04:30 UTC, the CC perpetual on Backpack pays 0.0115% per 1h, 0.0921% per 8 hours (100.83% APR), so longs pay shorts. That is the 1st highest of 18 exchanges shown, against a volume-weighted average of 0.0087% per 8 hours (9.56% APR). Over the last 7 days Backpack averaged 0.0719% per 8 hours (78.78% APR). The next funding is at 2026-10-03 05:00 UTC.

Compare Backpack with other exchanges over 7 or 30 days

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

Frequently asked questions

What is the CC funding rate on Backpack?

0.0115% per 1h, or 0.0921% per 8 hours (100.83% APR), so longs pay shorts. The 7-day average is 0.0719% per 8 hours (78.78% APR).

How often does Backpack pay CC funding?

Every hour. The next payment is at 2026-10-03 05:00 UTC.

Is CC funding on Backpack higher than on other exchanges?

Backpack is the 1st highest of 18 exchanges shown. The highest is XT.COM at 0.0050% per 4h (11.02% APR) and the lowest is OKX at -0.0021% per 4h (-4.67% APR).

How do you arbitrage CC funding with Backpack?

Long CC on OKX and short on Backpack for a gross spread of 0.0963% per 8 hours (105.50% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.