BTC funding arbitrage: backpack vs phoenix
Long BTC_USDC_PERP on backpack against short BTC on phoenix.
| Side | Exchange | Symbol | Funding | Funding APR | 24h volume | Open interest |
|---|---|---|---|---|---|---|
| Long | backpack | BTC_USDC_PERP | 0.0013% / 1h | +10.95% | $83.15M | $42.08M |
| Short | phoenix | BTC | 0.0031% / 1h | +26.77% | $5.08M | $3.43M |
Funding spread +15.82% APR. Price spread +0.1027%.
Data generated at 2026-09-01T05:32:26Z. Live numbers load on this page automatically.