ArbiLayer

BP funding rate

Live Backpack perpetual funding on every connected exchange. Positive funding means longs pay shorts.

Connecting…
Highest (24h)+0.030%Bybit
Lowest (24h)+0.015%KuCoin
Average (24h)+0.026%across 4 venues
Funding gap (24h)+0.015%short the highest, long the lowest
ExchangeFundingIntervalNext in24hAPRMarkvs indexVolume
Bybit logoBybitCEX · BPUSDT+0.0050%4h—+0.030%+10.9%$1.25+0.158%$67.5K
MEXC logoMEXCCEX · BP_USDT+0.0050%4h03:15:29+0.030%+10.9%$1.26+0.601%$173.3K
Gate logoGateCEX · BP_USDT+0.0050%4h03:15:29+0.030%+10.9%$1.360.000%$8.9K
KuCoin logoKuCoinCEX · BPUSDTM+0.0050%8h03:15:29+0.015%+5.5%$1.27+0.512%$37.2K

BP funding rate explained

Right now Backpack (BP) perpetual futures trade on 4 exchanges we track. The highest funding is on Bybit at +0.030% per day, the lowest on KuCoin at +0.015%. The average across all venues is +0.026% per day, or about +9.6% a year. Positive funding means BP longs are paying shorts — the market is leaning long.

The gap between the highest and lowest venue is +0.015% per day. A delta-neutral position that shorts BP on Bybit and goes long on KuCoin would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live BP arbitrage board for the price side of the trade.

Settlement intervals differ: BP funding is paid every 4 hours and 8 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.

Related: BP arbitrage · Backpack price · funding rates for all coins.

What is the BP funding rate today?

The average BP funding rate across 4 exchanges is +0.026% per 24 hours. It ranges from +0.015% on KuCoin to +0.030% on Bybit. Rates update every few seconds on this page.

Which exchange has the highest BP funding rate?

Bybit currently has the highest BP funding at +0.030% per day, and KuCoin the lowest at +0.015%.

How often is BP funding paid?

BP perpetuals settle funding every 4 hours and 8 hours, depending on the exchange. The table shows each venue's interval and a countdown to the next payment.

Is BP funding positive or negative?

On average it is positive (+0.026% per day): longs pay shorts.