BP funding rates and arbitrage

BP perpetuals trade on 6 contracts across 5 venues, forming 14 cross-venue arbitrage pairs. By net APR the current best pair is long MEXC against short Bitget, netting +80.48%, with both legs settling on the same cadence。

BP perpetual funding rates by venue

APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
LBank	BPUSDT	USDT	4h	0.0050%	+10.95%	+10.95%	$509K	1.042
Gate	BP_USDT	USDT	4h	0.0050%	+10.95%	+10.95%	$174K	1.142
MEXC	BP_USDT	USDT	4h	0.0050%	+10.95%	+10.95%	$159K	1.035
MEXC	BPSTOCK_USDT	USDT	8h	-0.0100%	-10.95%	-10.23%	$120K	49.430
KuCoin	BPUSDTM	USDT	8h	0.0050%	+5.47%	+5.48%	$27K	1.038
Bitget	BPUSDT	USDT	8h	0.0635%	+69.53%	+91.21%	$236	49.483

BP cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
MEXC USDT	Bitget USDT	+80.48%	0.2205%	+101.45%	8h matched	$236
KuCoin USDT	Bitget USDT	+64.06%	0.1755%	+85.74%	8h matched	$236
Gate USDT	Bitget USDT	+58.58%	0.1605%	+80.26%	4h / 8h	$236
LBank USDT	Bitget USDT	+58.58%	0.1605%	+80.26%	4h / 8h	$236
MEXC USDT	Bitget USDT	+58.58%	0.1605%	+80.26%	4h / 8h	$236
MEXC USDT	Gate USDT	+21.90%	0.0600%	+21.18%	8h / 4h	$120K
MEXC USDT	LBank USDT	+21.90%	0.0600%	+21.18%	8h / 4h	$120K
MEXC USDT	KuCoin USDT	+16.43%	0.0450%	+15.71%	8h matched	$27K
KuCoin USDT	Gate USDT	+5.47%	0.0150%	+5.47%	8h / 4h	$27K
KuCoin USDT	LBank USDT	+5.47%	0.0150%	+5.47%	8h / 4h	$27K
KuCoin USDT	MEXC USDT	+5.47%	0.0150%	+5.47%	8h / 4h	$27K
Gate USDT	LBank USDT	0.00%	0.0000%	0.00%	4h matched	$174K

Backpack project profile

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Key facts

Total: 1.00B
Max supply: 1.00B
Type: Token
Market cap rank: #163

Exchange-based TokensCentralized Exchange (CEX) TokenSolana EcosystemWallets

Contract addresses

solanaBPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy

Block explorers

solscan.io intel.arkm.com

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Funding rates for other coins

BRENTOIL+31.8%CATE+19.3%CEG+21.9%CNPY+23.2%CRML0.0%EDGEX+11.7%EURUSD+5.3%FOXA0.0%FUTU0.0%GBPUSD0.0%H100+3153.3%HAJIMI0.0%

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