Head to head
the arrow points to the better figure| Deribit | Backpack | |
|---|---|---|
| Trading | ||
| $7.06 | ◀BTC trade, $10k | $10.01 |
| $1,461 | BTC trade, $1M≈ | $1,403 |
| $46.5M | ◀BTC book depth | $6.8M |
| 0.035%/0.015% | ◀Taker / maker | 0.050%/0.020% |
| 50x | Max leverage▶ | 75x |
| Size | ||
| $12.68B | ◀Volume 24h | $114.2M |
| $9.13B | ◀Volume, 7-day average | $136.7M |
| $1.33Bone side | Open interest | $105.2Mlongs + shorts |
| — | TVL | — |
| Markets | ||
| 144 | ◀Markets | 91 |
| 42 | ◀Stocks & RWA | 18 |
| 1h | Funding paid every | 1h |
| +0.0132% | BTC funding /8h | +0.0012% |
| +0.745% | BTC longs paid, 30d | +0.870% |
| Access | ||
| Required | KYC | Required |
| none yet | Token | $BP |
| — | Airdrop | — |
Cost to trade BTC
| Size | Deribit | Backpack |
|---|---|---|
| $1k | $0.717.1 bp | $1.0010.0 bp |
| $10k | $7.067.1 bp | $10.0110.0 bp |
| $100k | $78.347.8 bp | $10010.0 bp |
| $1M | $1,46114.6 bp | $1,40314.0 bp |
| $5M | $15,57631.2 bp | $60,370120.7 bp |
BTC funding per day
pair pageSize
daily, since Sep 18Volume by asset class
last 90 daysOn both: 79
funding /8h · Net 7d at $10k| Asset | Deribit | Backpack | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0196% | +0.0012% | +0.0184% | −$25 |
| SOL | 0.0000% | −0.0189% | +0.0189% | −$19 |
| ETH | 0.0000% | +0.0100% | +0.0100% | −$7 |
| HYPE | +0.0051% | +0.0463% | +0.0412% | −$24 |
| ZEC | 0.0000% | +0.0100% | +0.0100% | +$22 |
| NEAR | +0.0230% | +0.0352% | +0.0122% | +$44 |
| PAXG | +0.0449% | +0.0670% | +0.0221% | −$7 |
| BNB | +0.0200% | +0.0100% | +0.0100% | −$10 |
| XRP | +0.0102% | +0.0100% | +0.0002% | −$7 |
| UNI | 0.0000% | +0.0100% | +0.0100% | +$14 |
| PUMP | +0.0001% | −0.0087% | +0.0088% | −$16 |
| SUI | 0.0000% | −0.0067% | +0.0067% | −$30 |
| DOGE | 0.0000% | −0.0070% | +0.0070% | −$33 |
| ENA | +0.0115% | +0.0100% | +0.0015% | −$68 |
| AVAX | +0.0354% | +0.0100% | +0.0254% | −$49 |
| ADA | 0.0000% | +0.0051% | +0.0051% | −$28 |
| ONDO | −0.0282% | −0.0070% | +0.0212% | −$39 |
| MON | −0.0453% | −0.0003% | +0.0450% | −$79 |
| TRX | 0.0000% | −0.0283% | +0.0283% | +$132 |
| LINK | 0.0000% | +0.0100% | +0.0100% | −$28 |
Only on Deribit: 63
EURC · XAU · SOXL · XAG · ANTHROPIC · MSTR · BE · BCH · CL · LITE · BZ · OPENAI · CBRS · INJ · KORU · EWY · NBIS · RENDER · COIN50 · SOXS · SNXX · FIL · ETHFI · TSM · MRVL · ATOM · ORCL · FET · ALGO · DELL · POL · PLTR · ARM · APE · AVGO · MERL · DASH · CRWV · PNUT · ICP · DYDX · ETC · MORPHO · PONS · INX · BOME · EIGEN · RESOLV · MOG · ALT · COMP · PRL · SAGA · OPG · NIGHT · TOWNS · CFX · RUNE · JASMY · BASED · and 3 more
Questions
Is Deribit or Backpack cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $7.06 on Deribit and $10.01 on Backpack right now, taker fee and order-book slippage together, so Deribit is cheaper. Taker fees: 0.035% and 0.05%.
Which has more markets, Deribit or Backpack?
Deribit lists 144 active markets and Backpack 91; 79 assets trade on both, 18 of them stocks, commodities or other real-world assets.
Does Deribit or Backpack require KYC?
Deribit: ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients. Backpack: KYC (ID, face scan, residency and source of income) before any trading.
Can you arbitrage funding between Deribit and Backpack?
Yes: 14 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 Deribit, with $132 left after costs.
Which is bigger, Deribit or Backpack?
24-hour volume: Deribit $12.68B, Backpack $114.2M. Open interest as each reports it: $1.33B and $105.2M. Backpack reports open interest as longs plus shorts, both sides of every position; Deribit reports one side. For the same positions Backpack's figure reads about twice as large.