Head to head
the arrow points to the better figure| MEXC | Backpack | |
|---|---|---|
| Trading | ||
| $4.01 | ◀BTC trade, $10k | $10.01 |
| $472 | ◀BTC trade, $1M | $1,531 |
| $203.6M | ◀BTC book depth | $6.7M |
| 0.020%/0.000% | ◀Taker / maker | 0.050%/0.020% |
| 1000x | ◀Max leverage | 75x |
| Size | ||
| $16.46B | ◀Volume 24h | $114.8M |
| $11.58B | ◀Volume, 7-day average | $136.7M |
| $13.03Bone side | Open interest | $104.2Mlongs + shorts |
| — | TVL | — |
| Markets | ||
| 1213 | ◀Markets | 91 |
| 469 | ◀Stocks & RWA | 18 |
| 1h or 4h or 8h or 24h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | −0.0007% |
| +0.487% | BTC longs paid, 30d | +0.870% |
| Access | ||
| Required | KYC | Required |
| $MX | Token | $BP |
| — | Airdrop | — |
Cost to trade BTC
| Size | MEXC | Backpack |
|---|---|---|
| $1k | $0.404.0 bp | $1.0010.0 bp |
| $10k | $4.014.0 bp | $10.0110.0 bp |
| $100k | $41.794.2 bp | $10210.2 bp |
| $1M | $4724.7 bp | $1,53115.3 bp |
| $5M | $2,5585.1 bp | $76,485153.0 bp |
BTC funding per day
pair pageSize
daily, since Sep 18Volume by asset class
last 90 daysOn both: 92
funding /8h · Net 7d at $10k| Asset | MEXC | Backpack | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | −0.0007% | +0.0107% | −$15 |
| SOL | +0.0076% | −0.0196% | +0.0272% | −$24 |
| ETH | +0.0100% | +0.0100% | 0.0000% | $0 |
| HYPE | +0.0100% | +0.0463% | +0.0363% | +$2 |
| ZEC | +0.0100% | +0.0100% | 0.0000% | +$38 |
| BNB | +0.0142% | +0.0100% | +0.0042% | −$4 |
| NEAR | +0.0100% | +0.0341% | +0.0241% | +$53 |
| PAXG | +0.0038% | +0.0695% | +0.0657% | −$10 |
| XRP | +0.0100% | +0.0100% | 0.0000% | −$43 |
| UNI | +0.0100% | +0.0100% | 0.0000% | +$11 |
| PUMP | +0.0058% | −0.0189% | +0.0247% | −$15 |
| LIT | −0.0038% | +0.0100% | +0.0138% | −$31 |
| JUP | −0.0160% | −0.0239% | +0.0079% | −$50 |
| SUI | +0.0025% | −0.0097% | +0.0122% | −$12 |
| DOGE | +0.0100% | −0.0103% | +0.0203% | −$5 |
| XMR | +0.0370% | +0.0324% | +0.0046% | −$77 |
| ENA | +0.0100% | +0.0100% | 0.0000% | −$14 |
| AVAX | +0.0025% | +0.0100% | +0.0075% | −$14 |
| JTO | +0.0100% | +0.0100% | 0.0000% | +$47 |
| ADA | +0.0072% | −0.0017% | +0.0089% | +$2 |
Only on MEXC: 993
XAUT · XAU · XAG · BZ · SKHYNIX · SP500 · CL · NAS100 · RBLX · BCH · SOXL · XPT · CAD · GBP · INJ · QNT · ANTHROPIC · BEAT · CHF · COPPER · XPD · CAKE · FET · JPY · SOXS · MSTR · LUNC · POL · AVGO · TRB · COST · MORPHO · VET · AKT · COIN · BRKB · SUN · NBIS · KIOXIA · KORU · USDC · MA · WDC · SNXX · IDOL · KAS · ICP · BAT · ALGO · TRY · BLESS · FIL · HNT · MAGMA · INTW · MUU · FF · TWT · CT · SIGN · and 933 more
Only on Backpack: 0
Questions
Is MEXC or Backpack cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $4.01 on MEXC and $10.01 on Backpack right now, taker fee and order-book slippage together, so MEXC is cheaper. Taker fees: 0.02% and 0.05%.
Which has more markets, MEXC or Backpack?
MEXC lists 1213 active markets and Backpack 91; 92 assets trade on both, 18 of them stocks, commodities or other real-world assets.
Does MEXC or Backpack require KYC?
MEXC: KYC before trading since Feb 2026; unverified accounts see market data only. Backpack: KYC (ID, face scan, residency and source of income) before any trading.
Can you arbitrage funding between MEXC and Backpack?
Yes: 20 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 MEXC, with $282 left after costs.
Which is bigger, MEXC or Backpack?
24-hour volume: MEXC $16.46B, Backpack $114.8M. Open interest as each reports it: $13.03B and $104.2M. Backpack reports open interest as longs plus shorts, both sides of every position; MEXC reports one side. For the same positions Backpack's figure reads about twice as large.