Backpack (BP) Funding Rate History
Backpack (BP) perpetual futures trade across 7 exchanges with an aggregate 24-hour volume of $356.42K and $1.12M in open interest. Leading venues for BP funding rate magnitude: EXTENDED, DRIFT, PACIFICA.
BP Exchange Breakdown
| Exchange | Price (USD) | 24h Volume (USD) | Open Interest (USD) | Funding (bps) | Funding APY |
|---|---|---|---|---|---|
| EXTENDED | $0.15 | $137.98K | $410.29K | 3.10 bps | 33.95% APY |
| MEXC | $0.1504 | $102.82K | $14.26K | 1.00 bps | 10.95% APY |
| PACIFICA | $0.1536 | $55.23K | $200.96K | 1.20 bps | 13.14% APY |
| BYBIT | $0.15892 | $34.29K | $0 | 0.50 bps | 5.47% APY |
| GATEIO | $0.1623 | $21.79K | $290.79K | 1.00 bps | 10.95% APY |
| KUCOIN | $0.16 | $4.32K | $195.39K | 1.00 bps | 10.95% APY |
| DRIFT | n/a | $0 | $5.19K | 2.90 bps | 31.75% APY |
Last updated 2026-05-09T23:54:52.225062Z (UTC).
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Related: BP open interest, BP volume, BP perp market data.
Why Track BP Funding Rate History?
Funding rates are periodic payments between long and short holders in BP perpetual futures. Positive rates mean longs pay shorts (bullish crowding); negative rates mean shorts pay longs (bearish crowding). By comparing BP funding history across exchanges, traders can identify delta-neutral arbitrage strategies—going long on one exchange and short on another to capture the funding rate spread.
Key BP Funding Metrics
- Current Rate: Live BP funding rate in basis points and annualized APY across all exchanges.
- Historical Chart: 30-day BP funding rate history with per-exchange overlays.
- Heatmap: Color-coded matrix showing BP funding intensity across exchanges and time periods.