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HYPE Funding Rate on Backpack

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As of 2026-10-03 01:47 UTC, the HYPE perpetual on Backpack pays 0.0013% per 1h, 0.0100% per 8 hours (10.95% APR), so longs pay shorts. That is the 17th highest of 28 exchanges shown, against a volume-weighted average of 0.0080% per 8 hours (8.80% APR). Over the last 7 days Backpack averaged 0.0210% per 8 hours (23.03% APR). The next funding is at 2026-10-03 02:00 UTC.

Rate per 1h
0.0013%
Same rate per 8h
0.0100%
7-day average per 8h
0.0210%
Next funding
2026-10-03 02:00 UTC
Rank
17 of 28

HYPE funding on Backpack, per 8h

HYPE funding on Backpack, per 8 hours, hourly, last 7 days0.0000%0.0200%0.0400%0.0600%13:0016:0019:0022:0001:00HW 0.0491%LW 0.0097%0.0100%

Compare Backpack with other exchanges over 7 or 30 days

HYPE funding arbitrage with Backpack

LongDigiFinex-0.0220%/8hShortBackpack0.0013%/1hFunding gap 0.0320% per 8h before fees

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

HYPE funding on every exchange

Showing 28 of 28

All HYPE funding rates Backpack funding rates

Frequently asked questions

What is the HYPE 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 0.0210% per 8 hours (23.03% APR).
How often does Backpack pay HYPE funding?
Every hour. The next payment is at 2026-10-03 02:00 UTC.
Is HYPE funding on Backpack higher than on other exchanges?
Backpack is the 17th highest of 28 exchanges shown. The highest is Kraken at 0.0019% per 1h (16.74% APR) and the lowest is DigiFinex at -0.0220% per 8h (-24.09% APR).
How do you arbitrage HYPE funding with Backpack?
Long HYPE on DigiFinex and short on Backpack for a gross spread of 0.0320% per 8 hours (35.04% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.