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ETH Funding Rate on Backpack

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As of 2026-10-03 08:11 UTC, the ETH perpetual on Backpack pays 0.0004% per 1h, 0.0028% per 8 hours (3.12% APR), so longs pay shorts. That is the 15th highest of 30 exchanges shown, against a volume-weighted average of 0.0003% per 8 hours (0.32% APR). Over the last 7 days Backpack averaged 0.0097% per 8 hours (10.66% APR). The next funding is at 2026-10-03 09:00 UTC.

Rate per 1h
0.0004%
Same rate per 8h
0.0028%
7-day average per 8h
0.0097%
Next funding
2026-10-03 09:00 UTC
Rank
15 of 30

ETH funding on Backpack, per 8h

ETH funding on Backpack, per 8 hours, hourly, last 7 days0.0000%0.0025%0.0050%0.0075%0.0100%13:0017:4522:3003:1508:00HW 0.0100%LW 0.0047%

Compare Backpack with other exchanges over 7 or 30 days

ETH funding arbitrage with Backpack

LongCrypto.com-0.0027%/1hShortBackpack0.0004%/1hFunding gap 0.0247% per 8h before fees

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

ETH funding on every exchange

Showing 30 of 30

All ETH funding rates Backpack funding rates

Frequently asked questions

What is the ETH funding rate on Backpack?
0.0004% per 1h, or 0.0028% per 8 hours (3.12% APR), so longs pay shorts. The 7-day average is 0.0097% per 8 hours (10.66% APR).
How often does Backpack pay ETH funding?
Every hour. The next payment is at 2026-10-03 09:00 UTC.
Is ETH funding on Backpack higher than on other exchanges?
Backpack is the 15th highest of 30 exchanges shown. The highest is Deepcoin at 0.0175% per 8h (19.20% APR) and the lowest is Crypto.com at -0.0027% per 1h (-23.96% APR).
How do you arbitrage ETH funding with Backpack?
Long ETH on Crypto.com and short on Backpack for a gross spread of 0.0247% per 8 hours (27.08% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.