# MET Funding Rate on Backpack

As of 2026-10-03 06:12 UTC, the MET perpetual on Backpack pays 0.0015% per 1h, 0.0124% per 8 hours (13.54% APR), so longs pay shorts. That is the 2nd highest of 17 exchanges shown, against a volume-weighted average of 0.0108% per 8 hours (11.85% APR). Over the last 7 days Backpack averaged 0.0072% per 8 hours (7.86% APR). The next funding is at 2026-10-03 07:00 UTC.

## Funding on every exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [Toobit](https://arbtide.com/funding-rates/met/toobit) | [MET/USDT:USDT](https://www.toobit.com/en-US/futures/MET-SWAP-USDT) | 0.0263% | 4h | 57.49% | 2026-10-03 08:00 UTC |
| [Backpack](https://arbtide.com/funding-rates/met/backpack) | [MET/USDC:USDC](https://backpack.exchange/trade/MET_USDC_PERP) | 0.0015% | 1h | 13.54% | 2026-10-03 07:00 UTC |
| [Binance](https://arbtide.com/funding-rates/met/binance) | [MET/USDT:USDT](https://www.binance.com/en/futures/METUSDT) | 0.0050% | 4h | 10.95% | 2026-10-03 08:00 UTC |
| [Bybit](https://arbtide.com/funding-rates/met/bybit) | [MET/USDT:USDT](https://www.bybit.com/trade/usdt/METUSDT) | 0.0050% | 4h | 10.95% | 2026-10-03 08:00 UTC |
| [OKX](https://arbtide.com/funding-rates/met/okx) | [MET/USDT:USDT](https://www.okx.com/trade-swap/met-usdt-swap) | 0.0050% | 4h | 10.95% | 2026-10-03 08:00 UTC |
| [Bitget](https://arbtide.com/funding-rates/met/bitget) | [MET/USDT:USDT](https://www.bitget.com/futures/usdt/METUSDT) | 0.0050% | 4h | 10.95% | — |
| [Gate](https://arbtide.com/funding-rates/met/gate) | [MET/USDT:USDT](https://www.gate.com/futures/USDT/MET_USDT) | 0.0050% | 4h | 10.95% | 2026-10-03 08:00 UTC |
| [KuCoin](https://arbtide.com/funding-rates/met/kucoin) | [MET/USDT:USDT](https://www.kucoin.com/trade/futures/METUSDTM) | 0.0050% | 4h | 10.95% | 2026-10-03 08:00 UTC |
| [MEXC](https://arbtide.com/funding-rates/met/mexc) | [MET/USDT:USDT](https://www.mexc.com/futures/MET_USDT) | 0.0050% | 4h | 10.95% | 2026-10-03 08:00 UTC |
| [WhiteBIT](https://arbtide.com/funding-rates/met/whitebit) | [MET/USDT:USDT](https://whitebit.com/trade/MET-PERP?type=futures) | 0.0050% | 4h | 10.95% | 2026-10-03 08:00 UTC |
| [XT.COM](https://arbtide.com/funding-rates/met/xt) | [MET/USDT:USDT](https://www.xt.com/en/futures/trade/met_usdt) | 0.0050% | 4h | 10.95% | 2026-10-03 08:00 UTC |
| [WEEX](https://arbtide.com/funding-rates/met/weex) | [MET/USDT:USDT](https://www.weex.com/futures/MET-USDT) | 0.0050% | 4h | 10.95% | 2026-10-03 06:12 UTC |
| [Hyperliquid](https://arbtide.com/funding-rates/met/hyperliquid) | [MET/USDC:USDC](https://app.hyperliquid.xyz/trade/MET) | 0.0013% | 1h | 10.95% | 2026-10-03 07:00 UTC |
| [Aster](https://arbtide.com/funding-rates/met/aster) | [MET/USDT:USDT](https://www.asterdex.com/en/trade/pro/futures/METUSDT) | 0.0050% | 4h | 10.95% | — |
| [Lighter](https://arbtide.com/funding-rates/met/lighter) | [MET/USDC:USDC](https://app.lighter.xyz/trade/MET) | 0.0096% | 8h | 10.51% | — |
| [Deepcoin](https://arbtide.com/funding-rates/met/deepcoin) | [MET/USDT:USDT](https://www.deepcoin.com/en/swap/MET-USDT) | 0.0050% | 8h | 5.47% | — |
| [Crypto.com](https://arbtide.com/funding-rates/met/cryptocom) | [MET/USD:USD](https://crypto.com/exchange/trade/METUSD-PERP) | -0.0029% | 1h | -25.40% | 2026-10-03 07:00 UTC |

## Frequently asked questions

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

0.0015% per 1h, or 0.0124% per 8 hours (13.54% APR), so longs pay shorts. The 7-day average is 0.0072% per 8 hours (7.86% APR).

### How often does Backpack pay MET funding?

Every hour. The next payment is at 2026-10-03 07:00 UTC.

### Is MET funding on Backpack higher than on other exchanges?

Backpack is the 2nd highest of 17 exchanges shown. The highest is Toobit at 0.0263% per 4h (57.49% APR) and the lowest is Deepcoin at 0.0050% per 8h (5.47% APR).

### How do you arbitrage MET funding with Backpack?

Long MET on Backpack and short on Toobit for a gross spread of 0.0401% per 8 hours (43.96% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.