# CHIP Funding Rate on Backpack

As of 2026-10-03 21:56 UTC, the CHIP perpetual on Backpack pays -0.0027% per 1h, -0.0219% per 8 hours (-24.01% APR), so shorts pay longs. That is the 20th highest of 20 exchanges shown, against a volume-weighted average of 0.0099% per 8 hours (10.87% APR). Over the last 7 days Backpack averaged -0.0430% per 8 hours (-47.11% APR). The next funding is at 2026-10-03 22:00 UTC.

## Funding on every exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [Extended](https://arbtide.com/funding-rates/chip/extended) | [CHIP/USDC:USDC](https://app.extended.exchange/perp/CHIP-USD) | 0.0013% | 1h | 11.39% | 2026-10-03 22:00 UTC |
| [XT.COM](https://arbtide.com/funding-rates/chip/xt) | [CHIP/USDT:USDT](https://www.xt.com/en/futures/trade/chip_usdt) | 0.0050% | 4h | 11.01% | 2026-10-04 00:00 UTC |
| [Binance](https://arbtide.com/funding-rates/chip/binance) | [CHIP/USDT:USDT](https://www.binance.com/en/futures/CHIPUSDT) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [Bybit](https://arbtide.com/funding-rates/chip/bybit) | [CHIP/USDT:USDT](https://www.bybit.com/trade/usdt/CHIPUSDT) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [OKX](https://arbtide.com/funding-rates/chip/okx) | [CHIP/USDT:USDT](https://www.okx.com/trade-swap/chip-usdt-swap) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [Bitget](https://arbtide.com/funding-rates/chip/bitget) | [CHIP/USDT:USDT](https://www.bitget.com/futures/usdt/CHIPUSDT) | 0.0050% | 4h | 10.95% | — |
| [Gate](https://arbtide.com/funding-rates/chip/gate) | [CHIP/USDT:USDT](https://www.gate.com/futures/USDT/CHIP_USDT) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [KuCoin](https://arbtide.com/funding-rates/chip/kucoin) | [CHIP/USDT:USDT](https://www.kucoin.com/trade/futures/CHIPUSDTM) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [MEXC](https://arbtide.com/funding-rates/chip/mexc) | [CHIP/USDT:USDT](https://www.mexc.com/futures/CHIP_USDT) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [BingX](https://arbtide.com/funding-rates/chip/bingx) | [CHIP/USDT:USDT](https://bingx.com/en/perpetual/CHIP-USDT) | 0.0050% | 4h | 10.95% | — |
| [WhiteBIT](https://arbtide.com/funding-rates/chip/whitebit) | [CHIP/USDT:USDT](https://whitebit.com/trade/CHIP-PERP?type=futures) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [BTSE](https://arbtide.com/funding-rates/chip/btse) | [CHIP/USDT:USDT](https://www.btse.com/en/futures/CHIP-PERP) | 0.0050% | 4h | 10.95% | — |
| [LBank](https://arbtide.com/funding-rates/chip/lbank) | [CHIP/USDT:USDT](https://www.lbank.com/futures/chipusdt) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [WEEX](https://arbtide.com/funding-rates/chip/weex) | [CHIP/USDT:USDT](https://www.weex.com/futures/CHIP-USDT) | 0.0050% | 4h | 10.95% | 2026-10-03 21:56 UTC |
| [Toobit](https://arbtide.com/funding-rates/chip/toobit) | [CHIP/USDT:USDT](https://www.toobit.com/en-US/futures/CHIP-SWAP-USDT) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [Hyperliquid](https://arbtide.com/funding-rates/chip/hyperliquid) | [CHIP/USDC:USDC](https://app.hyperliquid.xyz/trade/CHIP) | 0.0013% | 1h | 10.95% | 2026-10-03 22:00 UTC |
| [Aster](https://arbtide.com/funding-rates/chip/aster) | [CHIP/USDT:USDT](https://www.asterdex.com/en/trade/pro/futures/CHIPUSDT) | 0.0050% | 4h | 10.95% | — |
| [Pacifica](https://arbtide.com/funding-rates/chip/pacifica) | [CHIP/USDC:USDC](https://app.pacifica.fi/trade/CHIP) | 0.0013% | 1h | 10.95% | 2026-10-03 22:00 UTC |
| [Lighter](https://arbtide.com/funding-rates/chip/lighter) | [CHIP/USDC:USDC](https://app.lighter.xyz/trade/CHIP) | 0.0096% | 8h | 10.51% | — |
| [Backpack](https://arbtide.com/funding-rates/chip/backpack) | [CHIP/USDC:USDC](https://backpack.exchange/trade/CHIP_USDC_PERP) | -0.0027% | 1h | -24.01% | 2026-10-03 22:00 UTC |

## Frequently asked questions

### What is the CHIP funding rate on Backpack?

-0.0027% per 1h, or -0.0219% per 8 hours (-24.01% APR), so shorts pay longs. The 7-day average is -0.0430% per 8 hours (-47.11% APR).

### How often does Backpack pay CHIP funding?

Every hour. The next payment is at 2026-10-03 22:00 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 (11.01% 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 0.0320% per 8 hours (35.02% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.