Head to head
the arrow points to the better figure| Binance | Backpack | |
|---|---|---|
| Trading | ||
| $10.01 | BTC trade, $10k≈ | $10.01 |
| $1,159 | ◀BTC trade, $1M | $1,531 |
| $14.5M | ◀BTC book depth | $6.7M |
| 0.050%/0.020% | Taker / maker≈ | 0.050%/0.020% |
| 150x | ◀Max leverage | 75x |
| Size | ||
| $88.81B | ◀Volume 24h | $114.8M |
| $60.90B | ◀Volume, 7-day average | $136.7M |
| $29.03Bone side | Open interest | $104.2Mlongs + shorts |
| — | TVL | — |
| Markets | ||
| 800 | ◀Markets | 91 |
| 235 | ◀Stocks & RWA | 18 |
| 1h or 4h or 8h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | −0.0007% |
| +0.488% | BTC longs paid, 30d | +0.870% |
| Access | ||
| Required | KYC | Required |
| $BNB | Token | $BP |
| — | Airdrop | — |
Cost to trade BTC
| Size | Binance | Backpack |
|---|---|---|
| $1k | $1.0010.0 bp | $1.0010.0 bp |
| $10k | $10.0110.0 bp | $10.0110.0 bp |
| $100k | $10010.0 bp | $10210.2 bp |
| $1M | $1,15911.6 bp | $1,53115.3 bp |
| $5M | $7,82715.7 bp | $76,485153.0 bp |
BTC funding per day
pair pageSize
daily, since Sep 18Volume by asset class
last 90 daysOn both: 91
funding /8h · Net 7d at $10k| Asset | Binance | Backpack | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | −0.0007% | +0.0107% | −$21 |
| SOL | +0.0076% | −0.0196% | +0.0272% | −$30 |
| ETH | +0.0100% | +0.0100% | 0.0000% | −$6 |
| HYPE | +0.0100% | +0.0463% | +0.0363% | −$5 |
| ZEC | +0.0100% | +0.0100% | 0.0000% | +$26 |
| BNB | +0.0142% | +0.0100% | +0.0042% | −$7 |
| NEAR | +0.0100% | +0.0341% | +0.0241% | +$47 |
| PAXG | +0.0039% | +0.0695% | +0.0656% | −$8 |
| XRP | +0.0100% | +0.0100% | 0.0000% | −$48 |
| UNI | +0.0100% | +0.0100% | 0.0000% | $0 |
| PUMP | +0.0060% | −0.0189% | +0.0249% | −$24 |
| LIT | −0.0043% | +0.0100% | +0.0143% | −$50 |
| JUP | −0.0156% | −0.0239% | +0.0083% | −$59 |
| SUI | +0.0025% | −0.0097% | +0.0123% | −$17 |
| DOGE | +0.0100% | −0.0103% | +0.0203% | −$11 |
| XMR | +0.0376% | +0.0324% | +0.0052% | −$87 |
| ENA | +0.0100% | +0.0100% | 0.0000% | −$26 |
| AVAX | +0.0027% | +0.0100% | +0.0073% | −$26 |
| JTO | +0.0100% | +0.0100% | 0.0000% | +$24 |
| ADA | +0.0071% | −0.0017% | +0.0088% | −$8 |
Only on Binance: 665
XAU · SOXL · SKHYNIX · XAG · CL · BZ · KORU · MSTR · ANTHROPIC · BCH · XAUT · AIN · SOXS · FIL · TQQQ · BIANRENSHENG · NBIS · CAP · FF · SNXX · INJ · EWY · SAMSUNG · NATGAS · QNT · FET · ICP · ETHFI · KITE · MRVL · ARIA · AVGO · IDOL · CRWV · COIN · BEAM · PONS · BTW · ETC · BTCDOM · UNITREE · ZHIPU · ATOM · INTW · BMNR · SKY · LITE · PIEVERSE · ORCL · DASH · BABA · POL · TSM · NIULAI · EVAA · BE · OPENAI · MUBARAK · SOON · AGT · and 605 more
Only on Backpack: 1
Questions
Is Binance or Backpack cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $10.01 on Binance and $10.01 on Backpack right now, taker fee and order-book slippage together: about the same. Taker fees: 0.05% and 0.05%.
Which has more markets, Binance or Backpack?
Binance lists 800 active markets and Backpack 91; 91 assets trade on both, 18 of them stocks, commodities or other real-world assets.
Does Binance or Backpack require KYC?
Binance: Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x. Backpack: KYC (ID, face scan, residency and source of income) before any trading.
Can you arbitrage funding between Binance and Backpack?
Yes: 16 of the assets on both paid more in funding over the last 7 days than a $10k round trip on both costs. The best was TRX, long on Backpack and short on Binance, with $276 left after costs.
Which is bigger, Binance or Backpack?
24-hour volume: Binance $88.81B, Backpack $114.8M. Open interest as each reports it: $29.03B and $104.2M. Backpack reports open interest as longs plus shorts, both sides of every position; Binance reports one side. For the same positions Backpack's figure reads about twice as large.