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PENGU Funding Rate on Backpack

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As of 2026-10-03 00:26 UTC, the PENGU perpetual on Backpack pays -0.0045% per 1h, -0.0357% per 8 hours (-39.11% APR), so shorts pay longs. That is the 25th highest of 25 exchanges shown, against a volume-weighted average of 0.0068% per 8 hours (7.45% APR). Over the last 7 days Backpack averaged -0.0275% per 8 hours (-30.07% APR). The next funding is at 2026-10-03 01:00 UTC.

Rate per 1h
-0.0045%
Same rate per 8h
-0.0357%
7-day average per 8h
-0.0275%
Next funding
2026-10-03 01:00 UTC
Rank
25 of 25

PENGU funding on Backpack, per 8h

PENGU funding on Backpack, per 8 hours, hourly, last 7 days-0.0800%-0.0600%-0.0400%-0.0200%0.0000%0.0200%13:0015:4518:3021:1500:00HW 0.0100%LW -0.0610%-0.0492%

Compare Backpack with other exchanges over 7 or 30 days

PENGU funding arbitrage with Backpack

LongBackpack-0.0045%/1hShortExtended0.0013%/1hFunding gap 0.0461% per 8h before fees

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

PENGU funding on every exchange

Showing 25 of 25

All PENGU funding rates Backpack funding rates

Frequently asked questions

What is the PENGU funding rate on Backpack?
-0.0045% per 1h, or -0.0357% per 8 hours (-39.11% APR), so shorts pay longs. The 7-day average is -0.0275% per 8 hours (-30.07% APR).
How often does Backpack pay PENGU funding?
Every hour. The next payment is at 2026-10-03 01:00 UTC.
Is PENGU funding on Backpack higher than on other exchanges?
Backpack is the 25th highest of 25 exchanges shown. The highest is Extended at 0.0013% per 1h (11.39% APR) and the lowest is Backpack at -0.0045% per 1h (-39.11% APR).
How do you arbitrage PENGU funding with Backpack?
Long PENGU on Backpack and short on Extended for a gross spread of 0.0461% per 8 hours (50.50% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.