# PEPE Funding Rate on Backpack

As of 2026-10-03 16:16 UTC, the PEPE perpetual on Backpack pays 0.0008% per 1h, 0.0065% per 8 hours (7.16% APR), so longs pay shorts. That is the 15th highest of 27 exchanges shown, against a volume-weighted average of 0.0053% per 8 hours (5.79% APR). Over the last 7 days Backpack averaged -0.0103% per 8 hours (-11.32% APR). The next funding is at 2026-10-03 17:00 UTC.

## Funding on every exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [Kraken](https://arbtide.com/funding-rates/pepe/kraken) | [PEPE/USD:USD](https://pro.kraken.com/app/trade/futures-pepe-usd-perp) | 0.0029% | 1h | 25.18% | — |
| [Toobit](https://arbtide.com/funding-rates/pepe/toobit) | [1000PEPE/USDT:USDT](https://www.toobit.com/en-US/futures/1000PEPE-SWAP-USDT) | 0.0124% | 8h | 13.61% | 2026-10-04 00:00 UTC |
| [Bybit](https://arbtide.com/funding-rates/pepe/bybit) | [1000PEPE/USDT:USDT](https://www.bybit.com/trade/usdt/1000PEPEUSDT) | 0.0100% | 8h | 10.95% | 2026-10-04 00:00 UTC |
| [OKX](https://arbtide.com/funding-rates/pepe/okx) | [PEPE/USDT:USDT](https://www.okx.com/trade-swap/pepe-usdt-swap) | 0.0100% | 8h | 10.95% | 2026-10-04 00:00 UTC |
| [Bitget](https://arbtide.com/funding-rates/pepe/bitget) | [PEPE/USDT:USDT](https://www.bitget.com/futures/usdt/PEPEUSDT) | 0.0100% | 8h | 10.95% | — |
| [Gate](https://arbtide.com/funding-rates/pepe/gate) | [PEPE/USDT:USDT](https://www.gate.com/futures/USDT/PEPE_USDT) | 0.0100% | 8h | 10.95% | 2026-10-04 00:00 UTC |
| [BingX](https://arbtide.com/funding-rates/pepe/bingx) | [1000PEPE/USDT:USDT](https://bingx.com/en/perpetual/PEPE-USDT) | 0.0100% | 8h | 10.95% | — |
| [HTX](https://arbtide.com/funding-rates/pepe/htx) | [PEPE/USDT:USDT](https://www.htx.com/futures/linear_swap/exchange#contract_code=PEPE-USDT&contract_type=swap&type=cross) | 0.0100% | 8h | 10.95% | 2026-10-04 00:00 UTC |
| [WhiteBIT](https://arbtide.com/funding-rates/pepe/whitebit) | [PEPE/USDT:USDT](https://whitebit.com/trade/PEPE-PERP?type=futures) | 0.0100% | 8h | 10.95% | 2026-10-04 00:00 UTC |
| [Aster](https://arbtide.com/funding-rates/pepe/aster) | [1000PEPE/USDT:USDT](https://www.asterdex.com/en/trade/pro/futures/PEPEUSDT) | 0.0100% | 8h | 10.95% | — |
| [Pacifica](https://arbtide.com/funding-rates/pepe/pacifica) | [KPEPE/USDC:USDC](https://app.pacifica.fi/trade/kPEPE) | 0.0013% | 1h | 10.95% | 2026-10-03 17:00 UTC |
| [Lighter](https://arbtide.com/funding-rates/pepe/lighter) | [1000PEPE/USDC:USDC](https://app.lighter.xyz/trade/PEPE) | 0.0096% | 8h | 10.51% | — |
| [KuCoin](https://arbtide.com/funding-rates/pepe/kucoin) | [PEPE/USDT:USDT](https://www.kucoin.com/trade/futures/PEPEUSDTM) | 0.0082% | 8h | 8.98% | 2026-10-04 00:00 UTC |
| [Deepcoin](https://arbtide.com/funding-rates/pepe/deepcoin) | [1000PEPE/USDT:USDT](https://www.deepcoin.com/en/swap/PEPE-USDT) | 0.0073% | 8h | 7.99% | — |
| [Backpack](https://arbtide.com/funding-rates/pepe/backpack) | [KPEPE/USDC:USDC](https://backpack.exchange/trade/kPEPE_USDC_PERP) | 0.0008% | 1h | 7.16% | 2026-10-03 17:00 UTC |
| [WEEX](https://arbtide.com/funding-rates/pepe/weex) | [1000PEPE/USDT:USDT](https://www.weex.com/futures/PEPE-USDT) | 0.0052% | 8h | 5.64% | 2026-10-03 16:16 UTC |
| [Extended](https://arbtide.com/funding-rates/pepe/extended) | [1000PEPE/USDC:USDC](https://app.extended.exchange/perp/1000PEPE-USD) | 0.0006% | 1h | 5.26% | 2026-10-03 17:00 UTC |
| [Binance](https://arbtide.com/funding-rates/pepe/binance) | [1000PEPE/USDT:USDT](https://www.binance.com/en/futures/1000PEPEUSDT) | 0.0047% | 8h | 5.13% | 2026-10-04 00:00 UTC |
| [MEXC](https://arbtide.com/funding-rates/pepe/mexc) | [PEPE/USDT:USDT](https://www.mexc.com/futures/PEPE_USDT) | 0.0046% | 8h | 5.04% | 2026-10-04 00:00 UTC |
| [LBank](https://arbtide.com/funding-rates/pepe/lbank) | [PEPE/USDT:USDT](https://www.lbank.com/futures/pepeusdt) | 0.0045% | 8h | 4.93% | 2026-10-04 00:00 UTC |
| [Paradex](https://arbtide.com/funding-rates/pepe/paradex) | [KPEPE/USD:USDC](https://app.paradex.trade/trade/kPEPE-USD-PERP) | 0.0044% | 8h | 4.81% | — |
| [Bitfinex](https://arbtide.com/funding-rates/pepe/bitfinex) | [PEPE/USDT:USDT](https://trading.bitfinex.com/t/PEPEF0:USTF0) | 0.0000% | 8h | 0.00% | — |
| [HitBTC](https://arbtide.com/funding-rates/pepe/hitbtc) | PEPE/USDT:USDT | 0.0000% | 8h | 0.00% | — |
| [dYdX](https://arbtide.com/funding-rates/pepe/dydx) | [PEPE/USDC:USDC](https://dydx.trade/trade/PEPE-USD) | 0.0000% | 1h | 0.00% | 2026-10-03 17:00 UTC |
| [WOOFi Pro](https://arbtide.com/funding-rates/pepe/woofipro) | [1000PEPE/USDC:USDC](https://pro.woofi.com/en/trade/PEPE_PERP) | -0.0027% | 8h | -2.92% | 2026-10-04 00:00 UTC |
| [DigiFinex](https://arbtide.com/funding-rates/pepe/digifinex) | [PEPE/USDT:USDT](https://www.digifinex.com/en-ww/swap/PEPEUSDTPERP) | -0.0120% | 8h | -13.14% | 2026-10-04 00:00 UTC |
| [XT.COM](https://arbtide.com/funding-rates/pepe/xt) | [1000PEPE/USDT:USDT](https://www.xt.com/en/futures/trade/1000pepe_usdt) | -0.0435% | 8h | -47.63% | 2026-10-04 00:00 UTC |

## Frequently asked questions

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

0.0008% per 1h, or 0.0065% per 8 hours (7.16% APR), so longs pay shorts. The 7-day average is -0.0103% per 8 hours (-11.32% APR).

### How often does Backpack pay PEPE funding?

Every hour. The next payment is at 2026-10-03 17:00 UTC.

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

Backpack is the 15th highest of 27 exchanges shown. The highest is Kraken at 0.0029% per 1h (25.18% APR) and the lowest is XT.COM at -0.0435% per 8h (-47.63% APR).

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

Long PEPE on XT.COM and short on Backpack for a gross spread of 0.0500% per 8 hours (54.80% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.