ArbTide

OP Funding Rate on Backpack

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As of 2026-10-03 19:29 UTC, the OP perpetual on Backpack pays -0.0001% per 1h, -0.0005% per 8 hours (-0.59% APR), so shorts pay longs. That is the 23rd highest of 26 exchanges shown, against a volume-weighted average of 0.0157% per 8 hours (17.17% APR). Over the last 7 days Backpack averaged 0.0054% per 8 hours (5.91% APR). The next funding is at 2026-10-03 20:00 UTC.

Rate per 1h
-0.0001%
Same rate per 8h
-0.0005%
7-day average per 8h
0.0054%
Next funding
2026-10-03 20:00 UTC
Rank
23 of 26

OP funding on Backpack, per 8h

OP funding on Backpack, per 8 hours, hourly, last 7 days-0.0100%-0.0050%0.0000%0.0050%0.0100%13:0020:3004:0011:3019:00HW 0.0100%LW -0.0071%

Compare Backpack with other exchanges over 7 or 30 days

OP funding arbitrage with Backpack

LongBackpack-0.0001%/1hShortDigiFinex0.0900%/8hFunding gap 0.0905% per 8h before fees

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

OP funding on every exchange

  • DigiFinex
    98.55%
    APR
    Market
    OP/USDT:USDT
    Funding rate
    0.0900%
    Interval
    8h
    Next funding
    2026-10-04 00:00 UTC
    Data
    Live

  • XT.COM
    42.92%
    APR
    Market
    OP/USDT:USDT
    Funding rate
    0.0392%
    Interval
    8h
    Next funding
    2026-10-04 00:00 UTC
    Data
    Live

  • HTX
    26.18%
    APR
    Market
    OP/USDT:USDT
    Funding rate
    0.0239%
    Interval
    8h
    Next funding
    2026-10-04 00:00 UTC
    Data
    Live

  • Deepcoin
    12.70%
    APR
    Market
    OP/USDT:USDT
    Funding rate
    0.0116%
    Interval
    8h
    Data
    Live

  • Extended
    11.39%
    APR
    Market
    OP/USDC:USDC
    Funding rate
    0.0013%
    Interval
    1h
    Next funding
    2026-10-03 20:00 UTC
    Data
    Live

  • Binance
    10.95%
    APR
    Market
    OP/USDT:USDT
    Funding rate
    0.0100%
    Interval
    8h
    Next funding
    2026-10-04 00:00 UTC
    Data
    Live

  • Bitget
    10.95%
    APR
    Market
    OP/USDT:USDT
    Funding rate
    0.0100%
    Interval
    8h
    Data
    Live

  • MEXC
    10.95%
    APR
    Market
    OP/USDT:USDT
    Funding rate
    0.0100%
    Interval
    8h
    Next funding
    2026-10-04 00:00 UTC
    Data
    Live

  • BingX
    10.95%
    APR
    Market
    OP/USDT:USDT
    Funding rate
    0.0100%
    Interval
    8h
    Data
    Live

  • WhiteBIT
    10.95%
    APR
    Market
    OP/USDT:USDT
    Funding rate
    0.0100%
    Interval
    8h
    Next funding
    2026-10-04 00:00 UTC
    Data
    Live

  • BTSE
    10.95%
    APR
    Market
    OP/USDT:USDT
    Funding rate
    0.0100%
    Interval
    8h
    Data
    Live

  • LBank
    10.95%
    APR
    Market
    OP/USDT:USDT
    Funding rate
    0.0100%
    Interval
    8h
    Next funding
    2026-10-04 00:00 UTC
    Data
    Live

  • WEEX
    10.95%
    APR
    Market
    OP/USDT:USDT
    Funding rate
    0.0100%
    Interval
    8h
    Next funding
    2026-10-03 19:29 UTC
    Data
    Live

  • Toobit
    10.95%
    APR
    Market
    OP/USDT:USDT
    Funding rate
    0.0100%
    Interval
    8h
    Next funding
    2026-10-04 00:00 UTC
    Data
    Live

  • HitBTC
    10.95%
    APR
    Market
    OP/USDT:USDT
    Funding rate
    0.0100%
    Interval
    8h
    Next funding
    2026-10-04 00:00 UTC
    Data
    Live

  • Hyperliquid
    10.95%
    APR
    Market
    OP/USDC:USDC
    Funding rate
    0.0013%
    Interval
    1h
    Next funding
    2026-10-03 20:00 UTC
    Data
    Live

  • Aster
    10.95%
    APR
    Market
    OP/USDT:USDT
    Funding rate
    0.0100%
    Interval
    8h
    Data
    Live

  • Lighter
    10.51%
    APR
    Market
    OP/USDC:USDC
    Funding rate
    0.0096%
    Interval
    8h
    Data
    Live

  • WOOFi Pro
    7.89%
    APR
    Market
    OP/USDC:USDC
    Funding rate
    0.0072%
    Interval
    8h
    Next funding
    2026-10-04 00:00 UTC
    Data
    Live

  • Kraken
    7.74%
    APR
    Market
    OP/USD:USD
    Funding rate
    0.0009%
    Interval
    1h
    Data
    Live

  • KuCoin
    4.49%
    APR
    Market
    OP/USDT:USDT
    Funding rate
    0.0041%
    Interval
    8h
    Next funding
    2026-10-04 00:00 UTC
    Data
    Live

  • dYdX
    0.00%
    APR
    Market
    OP/USDC:USDC
    Funding rate
    0.0000%
    Interval
    1h
    Next funding
    2026-10-03 20:00 UTC
    Data
    Live

  • Backpack
    -0.59%
    APR
    Market
    OP/USDC:USDC
    Funding rate
    -0.0001%
    Interval
    1h
    Next funding
    2026-10-03 20:00 UTC
    Data
    Live

  • OKX
    -3.54%
    APR
    Market
    OP/USDT:USDT
    Funding rate
    -0.0032%
    Interval
    8h
    Next funding
    2026-10-04 00:00 UTC
    Data
    Live

  • Gate
    -9.53%
    APR
    Market
    OP/USDT:USDT
    Funding rate
    -0.0087%
    Interval
    8h
    Next funding
    2026-10-04 00:00 UTC
    Data
    Live

  • Bybit
    -24.62%
    APR
    Market
    OP/USDT:USDT
    Funding rate
    -0.0225%
    Interval
    8h
    Next funding
    2026-10-04 00:00 UTC
    Data
    Live

Showing 26 of 26

All OP funding rates Backpack funding rates

Frequently asked questions

What is the OP funding rate on Backpack?
-0.0001% per 1h, or -0.0005% per 8 hours (-0.59% APR), so shorts pay longs. The 7-day average is 0.0054% per 8 hours (5.91% APR).
How often does Backpack pay OP funding?
Every hour. The next payment is at 2026-10-03 20:00 UTC.
Is OP funding on Backpack higher than on other exchanges?
Backpack is the 23rd highest of 26 exchanges shown. The highest is DigiFinex at 0.0900% per 8h (98.55% APR) and the lowest is Bybit at -0.0225% per 8h (-24.62% APR).
How do you arbitrage OP funding with Backpack?
Long OP on Backpack and short on DigiFinex for a gross spread of 0.0905% per 8 hours (99.14% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.