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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

ExchangeCurrent Funding (bps)Funding APY7-Day Avg Funding (bps)24h Volume
GATEIO1.00 bps10.95% APY1.00 bps$479.91K
MEXC1.00 bps10.95% APY1.00 bps$431.73K
PACIFICA1.00 bps10.95% APY-50.30 bps$168.27K
KUCOIN0.50 bps5.47% APY0.50 bps$645.47K
BYBIT0.50 bps5.47% APY0.50 bps$534.79K

Last updated 2026-06-24T05:04:17Z (UTC).

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