# W Funding Rate on Backpack

As of 2026-10-04 08:35 UTC, the W perpetual on Backpack pays 0.0013% per 1h, 0.0100% per 8 hours (10.95% APR), so longs pay shorts. That is the 16th highest of 19 exchanges shown, against a volume-weighted average of 0.0011% per 8 hours (1.19% APR). Over the last 7 days Backpack averaged -0.0261% per 8 hours (-28.59% APR). The next funding is at 2026-10-04 09:00 UTC.

## Funding on every exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [Kraken](https://arbtide.com/funding-rates/w/kraken) | [W/USD:USD](https://pro.kraken.com/app/trade/futures-w-usd-perp) | 0.0062% | 1h | 54.26% | — |
| [Deepcoin](https://arbtide.com/funding-rates/w/deepcoin) | [W/USDT:USDT](https://www.deepcoin.com/en/swap/W-USDT) | 0.0149% | 8h | 16.32% | — |
| [Extended](https://arbtide.com/funding-rates/w/extended) | [W/USDC:USDC](https://app.extended.exchange/perp/W-USD) | 0.0013% | 1h | 11.39% | 2026-10-04 09:00 UTC |
| [Binance](https://arbtide.com/funding-rates/w/binance) | [W/USDT:USDT](https://www.binance.com/en/futures/WUSDT) | 0.0050% | 4h | 10.95% | 2026-10-04 12:00 UTC |
| [Bitget](https://arbtide.com/funding-rates/w/bitget) | [W/USDT:USDT](https://www.bitget.com/futures/usdt/WUSDT) | 0.0050% | 4h | 10.95% | — |
| [Gate](https://arbtide.com/funding-rates/w/gate) | [W/USDT:USDT](https://www.gate.com/futures/USDT/W_USDT) | 0.0050% | 4h | 10.95% | 2026-10-04 12:00 UTC |
| [KuCoin](https://arbtide.com/funding-rates/w/kucoin) | [W/USDT:USDT](https://www.kucoin.com/trade/futures/WUSDTM) | 0.0050% | 4h | 10.95% | 2026-10-04 12:00 UTC |
| [MEXC](https://arbtide.com/funding-rates/w/mexc) | [W/USDT:USDT](https://www.mexc.com/futures/W_USDT) | 0.0050% | 4h | 10.95% | 2026-10-04 12:00 UTC |
| [BingX](https://arbtide.com/funding-rates/w/bingx) | [W/USDT:USDT](https://bingx.com/en/perpetual/W-USDT) | 0.0050% | 4h | 10.95% | — |
| [WhiteBIT](https://arbtide.com/funding-rates/w/whitebit) | [W/USDT:USDT](https://whitebit.com/trade/W-PERP?type=futures) | 0.0050% | 4h | 10.95% | 2026-10-04 12:00 UTC |
| [BTSE](https://arbtide.com/funding-rates/w/btse) | [W/USDT:USDT](https://www.btse.com/en/futures/W-PERP) | 0.0050% | 4h | 10.95% | — |
| [XT.COM](https://arbtide.com/funding-rates/w/xt) | [W/USDT:USDT](https://www.xt.com/en/futures/trade/w_usdt) | 0.0050% | 4h | 10.95% | 2026-10-04 12:00 UTC |
| [LBank](https://arbtide.com/funding-rates/w/lbank) | [W/USDT:USDT](https://www.lbank.com/futures/wusdt) | 0.0050% | 4h | 10.95% | 2026-10-04 12:00 UTC |
| [WEEX](https://arbtide.com/funding-rates/w/weex) | [W/USDT:USDT](https://www.weex.com/futures/W-USDT) | 0.0050% | 4h | 10.95% | 2026-10-04 08:35 UTC |
| [Toobit](https://arbtide.com/funding-rates/w/toobit) | [W/USDT:USDT](https://www.toobit.com/en-US/futures/W-SWAP-USDT) | 0.0050% | 4h | 10.95% | 2026-10-04 12:00 UTC |
| [Backpack](https://arbtide.com/funding-rates/w/backpack) | [W/USDC:USDC](https://backpack.exchange/trade/W_USDC_PERP) | 0.0013% | 1h | 10.95% | 2026-10-04 09:00 UTC |
| [Hyperliquid](https://arbtide.com/funding-rates/w/hyperliquid) | [W/USDC:USDC](https://app.hyperliquid.xyz/trade/W) | 0.0013% | 1h | 10.95% | 2026-10-04 09:00 UTC |
| [OKX](https://arbtide.com/funding-rates/w/okx) | [W/USDT:USDT](https://www.okx.com/trade-swap/w-usdt-swap) | -0.0086% | 4h | -18.91% | 2026-10-04 12:00 UTC |
| [Bybit](https://arbtide.com/funding-rates/w/bybit) | [W/USDT:USDT](https://www.bybit.com/trade/usdt/WUSDT) | -0.0392% | 4h | -85.94% | 2026-10-04 12:00 UTC |

## Frequently asked questions

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

0.0013% per 1h, or 0.0100% per 8 hours (10.95% APR), so longs pay shorts. The 7-day average is -0.0261% per 8 hours (-28.59% APR).

### How often does Backpack pay W funding?

Every hour. The next payment is at 2026-10-04 09:00 UTC.

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

Backpack is the 16th highest of 19 exchanges shown. The highest is Deepcoin at 0.0149% per 8h (16.32% APR) and the lowest is Bybit at -0.0392% per 4h (-85.94% APR).

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

Long W on Bybit and short on Backpack for a gross spread of 0.0885% per 8 hours (96.89% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.