SKR Funding Rate on Backpack

As of 2026-10-03 05:44 UTC, the SKR perpetual on Backpack pays 0.0059% per 1h, 0.0471% per 8 hours (51.61% APR), so longs pay shorts. That is the 3rd highest of 17 exchanges shown, against a volume-weighted average of 0.0121% per 8 hours (13.20% APR). Over the last 7 days Backpack averaged 0.0542% per 8 hours (59.35% APR). The next funding is at 2026-10-03 06:00 UTC.

Compare Backpack with other exchanges over 7 or 30 days

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

Frequently asked questions

What is the SKR funding rate on Backpack?

0.0059% per 1h, or 0.0471% per 8 hours (51.61% APR), so longs pay shorts. The 7-day average is 0.0542% per 8 hours (59.35% APR).

How often does Backpack pay SKR funding?

Every hour. The next payment is at 2026-10-03 06:00 UTC.

Is SKR funding on Backpack higher than on other exchanges?

Backpack is the 3rd highest of 17 exchanges shown. The highest is Lighter at 0.0768% per 8h (84.10% APR) and the lowest is Hyperliquid at 0.0013% per 1h (10.95% APR).

How do you arbitrage SKR funding with Backpack?

Long SKR on Hyperliquid and short on Backpack for a gross spread of 0.0371% per 8 hours (40.66% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.