Backpack (BP) Funding Rate History
Backpack (BP) perpetual futures funding ranges from 0.50 bps on KUCOIN to 1.00 bps on GATEIO across 5 reporting venues, a spread of 0.50 bps. The most extreme rate (10.95% APY annualized) is on GATEIO. Currently all venues currently report positive funding (longs paying shorts).
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on BP price.
BP Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| GATEIO | 1.00 bps | 10.95% APY | 1.00 bps | $479.91K |
| MEXC | 1.00 bps | 10.95% APY | 1.00 bps | $431.73K |
| PACIFICA | 1.00 bps | 10.95% APY | -50.30 bps | $168.27K |
| KUCOIN | 0.50 bps | 5.47% APY | 0.50 bps | $645.47K |
| BYBIT | 0.50 bps | 5.47% APY | 0.50 bps | $534.79K |
Last updated 2026-06-24T05:04:17Z (UTC).
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Related: BP open interest, BP volume, BP perp market data.