# S Funding Rate on Backpack

As of 2026-10-03 23:17 UTC, the S perpetual on Backpack pays -0.0033% per 1h, -0.0264% per 8 hours (-28.88% APR), so shorts pay longs. That is the 22nd highest of 23 exchanges shown, against a volume-weighted average of 0.0053% per 8 hours (5.86% APR). Over the last 7 days Backpack averaged -0.0104% per 8 hours (-11.44% APR). The next funding is at 2026-10-04 00:00 UTC.

## Funding on every exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [Crypto.com](https://arbtide.com/funding-rates/s/cryptocom) | [S/USD:USD](https://crypto.com/exchange/trade/SUSD-PERP) | 0.0032% | 1h | 27.70% | 2026-10-04 00:00 UTC |
| [Extended](https://arbtide.com/funding-rates/s/extended) | [S/USDC:USDC](https://app.extended.exchange/perp/S-USD) | 0.0013% | 1h | 11.39% | 2026-10-04 00:00 UTC |
| [XT.COM](https://arbtide.com/funding-rates/s/xt) | [S/USDT:USDT](https://www.xt.com/en/futures/trade/s_usdt) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [Binance](https://arbtide.com/funding-rates/s/binance) | [S/USDT:USDT](https://www.binance.com/en/futures/SUSDT) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [Bybit](https://arbtide.com/funding-rates/s/bybit) | [S/USDT:USDT](https://www.bybit.com/trade/usdt/SUSDT) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [OKX](https://arbtide.com/funding-rates/s/okx) | [S/USDT:USDT](https://www.okx.com/trade-swap/s-usdt-swap) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [Gate](https://arbtide.com/funding-rates/s/gate) | [S/USDT:USDT](https://www.gate.com/futures/USDT/S_USDT) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [MEXC](https://arbtide.com/funding-rates/s/mexc) | [S/USDT:USDT](https://www.mexc.com/futures/S_USDT) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [BingX](https://arbtide.com/funding-rates/s/bingx) | [S/USDT:USDT](https://bingx.com/en/perpetual/S-USDT) | 0.0050% | 4h | 10.95% | — |
| [WhiteBIT](https://arbtide.com/funding-rates/s/whitebit) | [S/USDT:USDT](https://whitebit.com/trade/S-PERP?type=futures) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [BTSE](https://arbtide.com/funding-rates/s/btse) | [S/USDT:USDT](https://www.btse.com/en/futures/S-PERP) | 0.0050% | 4h | 10.95% | — |
| [LBank](https://arbtide.com/funding-rates/s/lbank) | [S/USDT:USDT](https://www.lbank.com/futures/susdt) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [Toobit](https://arbtide.com/funding-rates/s/toobit) | [S/USDT:USDT](https://www.toobit.com/en-US/futures/S-SWAP-USDT) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [Lighter](https://arbtide.com/funding-rates/s/lighter) | [S/USDC:USDC](https://app.lighter.xyz/trade/S) | 0.0096% | 8h | 10.51% | — |
| [Deepcoin](https://arbtide.com/funding-rates/s/deepcoin) | [S/USDT:USDT](https://www.deepcoin.com/en/swap/S-USDT) | 0.0050% | 8h | 5.47% | — |
| [HitBTC](https://arbtide.com/funding-rates/s/hitbtc) | S/USDT:USDT | 0.0000% | 8h | 0.00% | — |
| [WEEX](https://arbtide.com/funding-rates/s/weex) | [S/USDT:USDT](https://www.weex.com/futures/S-USDT) | -0.0028% | 4h | -6.06% | 2026-10-03 23:16 UTC |
| [Hyperliquid](https://arbtide.com/funding-rates/s/hyperliquid) | [S/USDC:USDC](https://app.hyperliquid.xyz/trade/S) | -0.0011% | 1h | -9.91% | 2026-10-04 00:00 UTC |
| [Aster](https://arbtide.com/funding-rates/s/aster) | [S/USDT:USDT](https://www.asterdex.com/en/trade/pro/futures/SUSDT) | -0.0047% | 4h | -10.37% | — |
| [WOOFi Pro](https://arbtide.com/funding-rates/s/woofipro) | [S/USDC:USDC](https://pro.woofi.com/en/trade/S_PERP) | -0.0059% | 4h | -12.94% | 2026-10-04 00:00 UTC |
| [Bitget](https://arbtide.com/funding-rates/s/bitget) | [S/USDT:USDT](https://www.bitget.com/futures/usdt/SUSDT) | -0.0075% | 4h | -16.42% | — |
| [Backpack](https://arbtide.com/funding-rates/s/backpack) | [S/USDC:USDC](https://backpack.exchange/trade/S_USDC_PERP) | -0.0033% | 1h | -28.88% | 2026-10-04 00:00 UTC |
| [KuCoin](https://arbtide.com/funding-rates/s/kucoin) | [S/USDT:USDT](https://www.kucoin.com/trade/futures/SUSDTM) | -0.0195% | 4h | -42.70% | 2026-10-04 00:00 UTC |

## Frequently asked questions

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

-0.0033% per 1h, or -0.0264% per 8 hours (-28.88% APR), so shorts pay longs. The 7-day average is -0.0104% per 8 hours (-11.44% APR).

### How often does Backpack pay S funding?

Every hour. The next payment is at 2026-10-04 00:00 UTC.

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

Backpack is the 22nd highest of 23 exchanges shown. The highest is XT.COM at 0.0050% per 4h (10.95% APR) and the lowest is KuCoin at -0.0195% per 4h (-42.70% APR).

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

Long S on Backpack and short on XT.COM for a gross spread of 0.0364% per 8 hours (39.83% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.