# OP Funding Rate on Backpack

As of 2026-10-03 21:19 UTC, the OP perpetual on Backpack pays -0.0013% per 1h, -0.0106% per 8 hours (-11.61% APR), so shorts pay longs. That is the 24th highest of 27 exchanges shown, against a volume-weighted average of 0.0141% per 8 hours (15.47% APR). Over the last 7 days Backpack averaged 0.0050% per 8 hours (5.51% APR). The next funding is at 2026-10-03 22:00 UTC.

## Funding on every exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [DigiFinex](https://arbtide.com/funding-rates/op/digifinex) | [OP/USDT:USDT](https://www.digifinex.com/en-ww/swap/OPUSDTPERP) | 0.0900% | 8h | 98.55% | 2026-10-04 00:00 UTC |
| [Crypto.com](https://arbtide.com/funding-rates/op/cryptocom) | [OP/USD:USD](https://crypto.com/exchange/trade/OPUSD-PERP) | 0.0097% | 1h | 84.81% | 2026-10-03 22:00 UTC |
| [XT.COM](https://arbtide.com/funding-rates/op/xt) | [OP/USDT:USDT](https://www.xt.com/en/futures/trade/op_usdt) | 0.0392% | 8h | 42.92% | 2026-10-04 00:00 UTC |
| [HTX](https://arbtide.com/funding-rates/op/htx) | [OP/USDT:USDT](https://www.htx.com/futures/linear_swap/exchange#contract_code=OP-USDT&contract_type=swap&type=cross) | 0.0128% | 8h | 14.02% | 2026-10-04 00:00 UTC |
| [Extended](https://arbtide.com/funding-rates/op/extended) | [OP/USDC:USDC](https://app.extended.exchange/perp/OP-USD) | 0.0013% | 1h | 11.39% | 2026-10-03 22:00 UTC |
| [Deepcoin](https://arbtide.com/funding-rates/op/deepcoin) | [OP/USDT:USDT](https://www.deepcoin.com/en/swap/OP-USDT) | 0.0102% | 8h | 11.17% | — |
| [Binance](https://arbtide.com/funding-rates/op/binance) | [OP/USDT:USDT](https://www.binance.com/en/futures/OPUSDT) | 0.0100% | 8h | 10.95% | 2026-10-04 00:00 UTC |
| [Bitget](https://arbtide.com/funding-rates/op/bitget) | [OP/USDT:USDT](https://www.bitget.com/futures/usdt/OPUSDT) | 0.0100% | 8h | 10.95% | — |
| [MEXC](https://arbtide.com/funding-rates/op/mexc) | [OP/USDT:USDT](https://www.mexc.com/futures/OP_USDT) | 0.0100% | 8h | 10.95% | 2026-10-04 00:00 UTC |
| [BingX](https://arbtide.com/funding-rates/op/bingx) | [OP/USDT:USDT](https://bingx.com/en/perpetual/OP-USDT) | 0.0100% | 8h | 10.95% | — |
| [WhiteBIT](https://arbtide.com/funding-rates/op/whitebit) | [OP/USDT:USDT](https://whitebit.com/trade/OP-PERP?type=futures) | 0.0100% | 8h | 10.95% | 2026-10-04 00:00 UTC |
| [BTSE](https://arbtide.com/funding-rates/op/btse) | [OP/USDT:USDT](https://www.btse.com/en/futures/OP-PERP) | 0.0100% | 8h | 10.95% | — |
| [LBank](https://arbtide.com/funding-rates/op/lbank) | [OP/USDT:USDT](https://www.lbank.com/futures/opusdt) | 0.0100% | 8h | 10.95% | 2026-10-04 00:00 UTC |
| [WEEX](https://arbtide.com/funding-rates/op/weex) | [OP/USDT:USDT](https://www.weex.com/futures/OP-USDT) | 0.0100% | 8h | 10.95% | 2026-10-03 21:19 UTC |
| [Toobit](https://arbtide.com/funding-rates/op/toobit) | [OP/USDT:USDT](https://www.toobit.com/en-US/futures/OP-SWAP-USDT) | 0.0100% | 8h | 10.95% | 2026-10-04 00:00 UTC |
| [HitBTC](https://arbtide.com/funding-rates/op/hitbtc) | OP/USDT:USDT | 0.0100% | 8h | 10.95% | 2026-10-04 00:00 UTC |
| [Hyperliquid](https://arbtide.com/funding-rates/op/hyperliquid) | [OP/USDC:USDC](https://app.hyperliquid.xyz/trade/OP) | 0.0013% | 1h | 10.95% | 2026-10-03 22:00 UTC |
| [Aster](https://arbtide.com/funding-rates/op/aster) | [OP/USDT:USDT](https://www.asterdex.com/en/trade/pro/futures/OPUSDT) | 0.0100% | 8h | 10.95% | — |
| [Lighter](https://arbtide.com/funding-rates/op/lighter) | [OP/USDC:USDC](https://app.lighter.xyz/trade/OP) | 0.0096% | 8h | 10.51% | — |
| [WOOFi Pro](https://arbtide.com/funding-rates/op/woofipro) | [OP/USDC:USDC](https://pro.woofi.com/en/trade/OP_PERP) | 0.0074% | 8h | 8.05% | 2026-10-04 00:00 UTC |
| [dYdX](https://arbtide.com/funding-rates/op/dydx) | [OP/USDC:USDC](https://dydx.trade/trade/OP-USD) | 0.0000% | 1h | 0.00% | 2026-10-03 22:00 UTC |
| [Gate](https://arbtide.com/funding-rates/op/gate) | [OP/USDT:USDT](https://www.gate.com/futures/USDT/OP_USDT) | -0.0010% | 8h | -1.10% | 2026-10-04 00:00 UTC |
| [Bybit](https://arbtide.com/funding-rates/op/bybit) | [OP/USDT:USDT](https://www.bybit.com/trade/usdt/OPUSDT) | -0.0062% | 8h | -6.82% | 2026-10-04 00:00 UTC |
| [Backpack](https://arbtide.com/funding-rates/op/backpack) | [OP/USDC:USDC](https://backpack.exchange/trade/OP_USDC_PERP) | -0.0013% | 1h | -11.61% | 2026-10-03 22:00 UTC |
| [KuCoin](https://arbtide.com/funding-rates/op/kucoin) | [OP/USDT:USDT](https://www.kucoin.com/trade/futures/OPUSDTM) | -0.0133% | 8h | -14.56% | 2026-10-04 00:00 UTC |
| [OKX](https://arbtide.com/funding-rates/op/okx) | [OP/USDT:USDT](https://www.okx.com/trade-swap/op-usdt-swap) | -0.0146% | 8h | -15.97% | 2026-10-04 00:00 UTC |
| [Kraken](https://arbtide.com/funding-rates/op/kraken) | [OP/USD:USD](https://pro.kraken.com/app/trade/futures-op-usd-perp) | -0.0039% | 1h | -33.91% | — |

## Frequently asked questions

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

-0.0013% per 1h, or -0.0106% per 8 hours (-11.61% APR), so shorts pay longs. The 7-day average is 0.0050% per 8 hours (5.51% APR).

### How often does Backpack pay OP funding?

Every hour. The next payment is at 2026-10-03 22:00 UTC.

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

Backpack is the 24th highest of 27 exchanges shown. The highest is DigiFinex at 0.0900% per 8h (98.55% APR) and the lowest is Kraken at -0.0039% per 1h (-33.91% APR).

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

Long OP on Backpack and short on DigiFinex for a gross spread of 0.1006% per 8 hours (110.16% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.