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CHIP Funding Rate on Backpack

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As of 2026-10-03 16:59 UTC, the CHIP perpetual on Backpack pays 0.0005% per 1h, 0.0041% per 8 hours (4.50% APR), so longs pay shorts. That is the 20th highest of 20 exchanges shown, against a volume-weighted average of 0.0100% per 8 hours (10.93% APR). Over the last 7 days Backpack averaged -0.0451% per 8 hours (-49.36% APR). The next funding is at 2026-10-03 17:00 UTC.

Rate per 1h
0.0005%
Same rate per 8h
0.0041%
7-day average per 8h
-0.0451%
Next funding
2026-10-03 17:00 UTC
Rank
20 of 20

CHIP funding on Backpack, per 8h

CHIP funding on Backpack, per 8 hours, hourly, last 7 days-0.1500%-0.1000%-0.0500%0.0000%0.0500%13:0019:4502:3009:1516:00HW 0.0078%LW -0.1271%0.0069%

Compare Backpack with other exchanges over 7 or 30 days

CHIP funding arbitrage with Backpack

LongBackpack0.0005%/1hShortXT.COM0.0050%/4hFunding gap 0.0060% per 8h before fees

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

CHIP funding on every exchange

Showing 20 of 20

All CHIP funding rates Backpack funding rates

Frequently asked questions

What is the CHIP funding rate on Backpack?
0.0005% per 1h, or 0.0041% per 8 hours (4.50% APR), so longs pay shorts. The 7-day average is -0.0451% per 8 hours (-49.36% APR).
How often does Backpack pay CHIP funding?
Every hour. The next payment is at 2026-10-03 17:00 UTC.
Is CHIP funding on Backpack higher than on other exchanges?
Backpack is the 20th highest of 20 exchanges shown. The highest is XT.COM at 0.0050% per 4h (11.05% APR) and the lowest is Hyperliquid at 0.0013% per 1h (10.95% APR).
How do you arbitrage CHIP funding with Backpack?
Long CHIP on Backpack and short on XT.COM for a gross spread of 0.0060% per 8 hours (6.55% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.