Backpack
cexMaker 2 bps · Taker 5 bps
Markets
| Asset | Mark Price ↕ | Funding APR ↕ | Interval ↕ | Open Interest ↓ | 24h Volume ↕ |
|---|---|---|---|---|---|
 BTC | $63,501.5 | +10.95% | 1h | $27.7M | $94.4M |
 SOL | $81.58 | +2.01% | 1h | $21.4M | $16.1M |
 ETH | $1,783.26 | +10.95% | 1h | $10.5M | $12.6M |
 HYPE | $71.873 | -23.72% | 1h | $6.1M | $13.7M |
 BNB | $580.71 | +17.68% | 1h | $1.8M | $1.8M |
| 🥇XAU | $4,155.17 | +10.95% | 1h | $1.7M | $253K |
 ZEC | $461.73 | +10.95% | 1h | $971K | $2.3M |
 JUP | $0.2402 | -31.28% | 1h | $844K | $439K |
 XRP | $1.127 | +10.95% | 1h | $821K | $484K |
 SUI | $0.741 | +10.95% | 1h | $702K | $309K |
 LIT | $2.5907 | +10.95% | 1h | $657K | $1.9M |
 ENA | $0.0772 | +52.59% | 1h | $656K | $258K |
 NEAR | $2.0213 | +47.47% | 1h | $508K | $981K |
| LILINEA | $0.0025 | -17.71% | 1h | $447K | $308K |
 PENDLE | $1.5072 | +295.02% | 1h | $375K | $299K |
 WLD | $0.3922 | +10.95% | 1h | $259K | $308K |
 TAO | $215.48 | +12.80% | 1h | $251K | $216K |
 AAVE | $92.88 | +10.95% | 1h | $237K | $510K |
 FARTCOIN | $0.1638 | +76.95% | 1h | $234K | $183K |
 ONDO | $0.3343 | +10.95% | 1h | $205K | $556K |
 AVAX | $6.782 | +10.95% | 1h | $202K | $280K |
 ADA | $0.1791 | +10.95% | 1h | $197K | $948K |
 LTC | $44.131 | +10.95% | 1h | $193K | $142K |
 UNI | $3.1858 | +10.95% | 1h | $186K | $271K |
 TRUMP | $1.6626 | +10.95% | 1h | $182K | $342K |
 ASTER | $0.6377 | +10.95% | 1h | $179K | $423K |
 LINK | $7.944 | +10.95% | 1h | $169K | $47K |
 JTO | $0.7783 | +59.66% | 1h | $160K | $491K |
 WLFI | $0.0616 | +10.95% | 1h | $156K | $131K |
 EDGE | $0.3331 | +324.04% | 1h | $153K | $244K |
 VIRTUAL | $0.5468 | +6.47% | 1h | $143K | $102K |
 ARB | $0.079 | +10.95% | 1h | $141K | $126K |
 OP | $0.1052 | -35.33% | 1h | $139K | $313K |
 XLM | $0.1951 | +10.95% | 1h | $135K | $251K |
 DOGE | $0.075 | +10.95% | 1h | $129K | $252K |
 DOT | $0.8685 | +10.95% | 1h | $124K | $229K |
 TIA | $0.3865 | +10.95% | 1h | $123K | $185K |
 APT | $0.6411 | +10.95% | 1h | $116K | $304K |
 WIF | $0.1698 | +1.97% | 1h | $111K | $154K |
 AERO | $0.6055 | +10.95% | 1h | $108K | $223K |
 SEI | $0.0498 | +5.88% | 1h | $107K | $253K |
 S | $0.0264 | -37.05% | 1h | $102K | $189K |
 LDO | $0.2913 | +10.95% | 1h | $89K | $296K |
| MEMET | $0.1652 | -19.28% | 1h | $65K | $383K |
 KMNO | $0.019 | +10.95% | 1h | $60K | $152K |
 CRV | $0.2102 | +10.95% | 1h | $57K | $190K |
 PYTH | $0.0461 | +10.95% | 1h | $53K | $422K |
 0G | $0.2058 | -96.64% | 1h | $51K | $35K |
 STABLE | $0.0341 | -232.61% | 1h | $50K | $19K |
 2Z | $0.0725 | +15.84% | 1h | $46K | $96K |
Click an asset to view market overview · Funding rates update every 60s
About Backpack funding & fees
Backpack is a centralized perpetual futures exchange tracked live on ORBIT, listing 50 perpetual markets, $80.1M total open interest, $155.4M in 24h volume. Average funding across its markets is +14.85% annualized. ORBIT compares Backpack's funding rates against 35 other venues so you can spot where it diverges from the rest of the market.
Backpack charges 5 bps taker and 2 bps maker fees on perpetuals. Via the ORBIT referral you also get: +25% via ORBIT referral. Execution cost matters for funding arbitrage — ORBIT's backtester subtracts both legs' taker fees plus live order-book slippage, so the PnL it shows is net of what you actually pay.
Backpack's native token BP is already live. Funding-rate incentives on listed-token venues are usually steadier than pre-TGE points, which makes Backpack a reliable leg for delta-neutral pairs.
To run funding arbitrage with Backpack, find an asset whose funding here diverges from another venue on the [Funding Screener](/screener), then verify the pair in the [backtester](/pair/BTC). Its most active markets right now include BTC (+10.95%), SOL (+2.01%), ETH (+10.95%).
Frequently asked questions
- What are Backpack trading fees?
- Backpack charges 5 bps taker and 2 bps maker on perpetual futures. ORBIT referral perk: +25% via ORBIT referral. Round-trip cost on both legs is what a funding-arbitrage trade has to overcome before it profits.
- Is Backpack a CEX or DEX?
- Backpack is a centralized perpetual futures exchange. It is a custodial centralized venue, typically with the deepest liquidity.
- Does Backpack have a token?
- Backpack's token BP is already live. Its major points-farming airdrop has concluded, so funding incentives are the main ongoing edge here.
- How do I arbitrage funding rates on Backpack?
- Open the ORBIT Funding Screener, find an asset where Backpack's funding is much higher or lower than another exchange, then go long on the lower-funding venue and short on the higher one in equal size. Backtest the exact pair on ORBIT first to confirm it is profitable net of fees and slippage.