Head to head
the arrow points to the better figure| OKX | Backpack | |
|---|---|---|
| Trading | ||
| $10.01 | BTC trade, $10k≈ | $10.01 |
| $1,150 | ◀BTC trade, $1M | $1,531 |
| $11.0M | ◀BTC book depth | $6.7M |
| 0.050%/0.020% | Taker / maker≈ | 0.050%/0.020% |
| 100x | ◀Max leverage | 75x |
| Size | ||
| $32.73B | ◀Volume 24h | $114.8M |
| $22.93B | ◀Volume, 7-day average | $136.7M |
| $6.75Bone side | Open interest | $104.2Mlongs + shorts |
| — | TVL | — |
| Markets | ||
| 527 | ◀Markets | 91 |
| 232 | ◀Stocks & RWA | 18 |
| 1h or 2h or 4h or 8h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | −0.0007% |
| +0.561% | BTC longs paid, 30d | +0.870% |
| Access | ||
| Required | KYC | Required |
| $OKB | Token | $BP |
| — | Airdrop | — |
Cost to trade BTC
| Size | OKX | 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 | $1,15011.5 bp | $1,53115.3 bp |
| $5M | $7,65915.3 bp | $76,485153.0 bp |
BTC funding per day
pair pageSize
daily, since Sep 18Volume by asset class
last 90 daysOn both: 88
funding /8h · Net 7d at $10k| Asset | OKX | Backpack | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | −0.0007% | +0.0107% | −$20 |
| SOL | 0.0000% | −0.0196% | +0.0196% | −$38 |
| ETH | +0.0100% | +0.0100% | 0.0000% | −$9 |
| HYPE | −0.0013% | +0.0463% | +0.0476% | +$1 |
| ZEC | +0.0100% | +0.0100% | 0.0000% | +$20 |
| BNB | +0.0100% | +0.0100% | 0.0000% | −$32 |
| NEAR | +0.0100% | +0.0341% | +0.0241% | +$49 |
| XRP | +0.0100% | +0.0100% | 0.0000% | −$33 |
| UNI | +0.0100% | +0.0100% | 0.0000% | −$1 |
| PUMP | +0.0100% | −0.0189% | +0.0289% | −$25 |
| LIT | +0.0028% | +0.0100% | +0.0072% | −$32 |
| JUP | −0.0278% | −0.0239% | +0.0039% | −$45 |
| SUI | +0.0018% | −0.0097% | +0.0115% | −$25 |
| DOGE | +0.0029% | −0.0103% | +0.0132% | −$15 |
| ENA | 0.0000% | +0.0100% | +0.0100% | −$21 |
| AVAX | +0.0005% | +0.0100% | +0.0095% | −$26 |
| JTO | −0.0056% | +0.0100% | +0.0156% | +$19 |
| ADA | +0.0079% | −0.0017% | +0.0096% | −$13 |
| MON | −0.0031% | −0.0025% | +0.0006% | −$115 |
| ONDO | +0.0062% | −0.0153% | +0.0216% | −$48 |
Only on OKX: 437
XAU · SOXL · XAG · SKHYNIX · CL · BCH · MSTR · OKB · BZ · SOXS · KORU · FIL · UNITREE · SNXX · CAP · PONS · MRVL · ANTHROPIC · LITE · ETC · POL · ICP · TQQQ · INJ · COIN · AAOI · TSM · ATOM · PIEVERSE · EWY · NBIS · GRASS · SAMSUNG · AVGO · BEAT · ETHFI · MUBARAK · ALGO · BMNR · USELESS · ZHONGJI · MORPHO · ZHIPU · OPENAI · ORCL · ZAMA · RAY · STX · AKE · XIAOMI · CXMT · ORDI · SOON · SQQQ · SAND · GRVT · TRB · LAB · MINIMAX · CBRS · and 377 more
Questions
Is OKX or Backpack cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $10.01 on OKX 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, OKX or Backpack?
OKX lists 527 active markets and Backpack 91; 88 assets trade on both, 18 of them stocks, commodities or other real-world assets.
Does OKX or Backpack require KYC?
OKX: Advanced verification before trading, deposits or withdrawals. Backpack: KYC (ID, face scan, residency and source of income) before any trading.
Can you arbitrage funding between OKX and Backpack?
Yes: 17 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 OKX, with $120 left after costs.
Which is bigger, OKX or Backpack?
24-hour volume: OKX $32.73B, Backpack $114.8M. Open interest as each reports it: $6.75B and $104.2M. Backpack reports open interest as longs plus shorts, both sides of every position; OKX reports one side. For the same positions Backpack's figure reads about twice as large.