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PYTH Funding Rate on Backpack

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As of 2026-10-03 00:25 UTC, the PYTH perpetual on Backpack pays 0.0048% per 1h, 0.0381% per 8 hours (41.67% APR), so longs pay shorts. That is the 1st highest of 23 exchanges shown, against a volume-weighted average of 0.0090% per 8 hours (9.85% APR). Over the last 7 days Backpack averaged 0.0181% per 8 hours (19.80% APR). The next funding is at 2026-10-03 01:00 UTC.

Rate per 1h
0.0048%
Same rate per 8h
0.0381%
7-day average per 8h
0.0181%
Next funding
2026-10-03 01:00 UTC
Rank
1 of 23

PYTH funding on Backpack, per 8h

PYTH funding on Backpack, per 8 hours, hourly, last 7 days0.0000%0.0200%0.0400%0.0600%13:0015:4518:3021:1500:00LW 0.0028%HW 0.0494%

Compare Backpack with other exchanges over 7 or 30 days

PYTH funding arbitrage with Backpack

LongKraken-0.0042%/1hShortBackpack0.0048%/1hFunding gap 0.0717% per 8h before fees

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

PYTH funding on every exchange

Showing 23 of 23

All PYTH funding rates Backpack funding rates

Frequently asked questions

What is the PYTH funding rate on Backpack?
0.0048% per 1h, or 0.0381% per 8 hours (41.67% APR), so longs pay shorts. The 7-day average is 0.0181% per 8 hours (19.80% APR).
How often does Backpack pay PYTH funding?
Every hour. The next payment is at 2026-10-03 01:00 UTC.
Is PYTH funding on Backpack higher than on other exchanges?
Backpack is the 1st highest of 23 exchanges shown. The highest is XT.COM at 0.0100% per 4h (21.90% APR) and the lowest is Kraken at -0.0042% per 1h (-36.80% APR).
How do you arbitrage PYTH funding with Backpack?
Long PYTH on Kraken and short on Backpack for a gross spread of 0.0717% per 8 hours (78.47% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.