ETH funding arbitrage: backpack vs variational
Long ETH_USDC_PERP on backpack against short ETH on variational.
| Side | Exchange | Symbol | Funding | Funding APR | 24h volume | Open interest |
|---|---|---|---|---|---|---|
| Long | backpack | ETH_USDC_PERP | 0.0013% / 1h | +10.95% | $8.87M | $11.55M |
| Short | variational | ETH | 0.0089% / 8h | +9.71% | $196.28M | $254.44M |
Live funding and price spread for this pair update on the page.
Data generated at 2026-09-01T05:32:52Z. Live numbers load on this page automatically.