BP Funding Rate History — Settled Payments by Exchange
Backpack
| Exchange | Settlements | Total Paid | Average APR | Largest | Smallest | Last Settled |
|---|---|---|---|---|---|---|
 Pacifica | 718 | +2.7776% | +33.91% | +0.1995% | -0.2922% | 2026-09-30 14:00 UTC |
 Gate.io | 180 | +0.9000% | +10.96% | +0.0050% | +0.0050% | 2026-09-30 12:00 UTC |
 MEXC | 180 | +0.9000% | +10.96% | +0.0050% | +0.0050% | 2026-09-30 12:00 UTC |
 KuCoin | 90 | +0.4500% | +5.48% | +0.0050% | +0.0050% | 2026-09-30 08:00 UTC |
 edgeX V2 | 14 | +0.0700% | +10.96% | +0.0050% | +0.0050% | 2026-09-30 12:00 UTC |
 WEEX | 31 | +0.0550% | +3.89% | +0.0096% | -0.0109% | 2026-09-30 12:00 UTC |
 Phoenix | 23 | +0.0122% | +4.65% | +0.0079% | -0.0082% | 2026-09-30 14:00 UTC |
 Hotcoin | 180 | -0.0807% | -0.98% | +0.0050% | -0.0065% | 2026-09-30 12:00 UTC |
What the BP funding rate means
What BP (Backpack) actually paid over the last 30 days: 1,416 settlements across 8 venues, broken down venue by venue. These are settled payments — the amount an exchange actually charged or credited each funding interval — not the rate currently quoted for the next payment. Pacifica paid the most over the window at +2.7776% of position size.
A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 90% of the 1,416 settlements recorded here, meaning longs paid shorts that often.
Over the window, settled totals ranged from +2.7776% on Pacifica to -0.0807% on Hotcoin — the gap between them is what a delta-neutral position collecting on both legs would have captured before fees and slippage. Verify the live version of this spread on the ORBIT funding screener before sizing a trade: settled history shows what already happened, not what will happen next.
Frequently asked questions
- Is the BP funding rate a live quote or an actual payment?
- A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 90% of the 1,416 settlements recorded here.
- Which exchange has paid the most settled BP funding recently?
- Pacifica paid the most over the last 30 days at +2.7776% of position size across 718 settlements, an average annualized rate of +33.91%. This is a sum of actual payments, not a forecast.
- How often is BP funding actually paid?
- Over the last 30 days, ORBIT recorded 1,416 funding settlements for BP across 8 venues. Settlement schedules differ by venue — some pay hourly, others every 4 or 8 hours — so the number of payments per venue in the table above is not the same for all of them.