Backpackvs
Binance Futures
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 16 liquid markets shared by Backpack and Binance Futures, the best funding setup over the past 7 days is $NEAR (long Binance Futures, short Backpack): it paid 21.1% APR, 10.7% after costs, and held 84% of the time.
16 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs β not by the instantaneous APR.
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| Backpack | Binance Futures | |
|---|---|---|
| Type | CEX | CEX |
| Taker fee | 0.05% | 0.05% |
| Maker fee | 0.02% | 0.02% |
| Open Interest | $108.6M | $26.89Bβ |
| 24h Volume | $64.8M | $19.72Bβ |
| Avg Funding APR | 18.69% | 9.30% |
| Markets | 73 | 538β |
| Airdrop / token | Listed | Listed |
Backpack and Binance Futures are both perpetual-futures venues tracked on ORBIT. On fees, both charge the same 0.05% taker. On liquidity, Binance Futures is deeper with $26.89B open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely βone or the otherβ β you often use both, going long on whichever venue has the lower funding for a given asset and short on the other. Open the Funding Screener to see where Backpack and Binance Futures diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Which funding setup between Backpack and Binance Futures pays most?
- Across 16 liquid markets shared by Backpack and Binance Futures, the best funding setup over the past 7 days is $NEAR (long Binance Futures, short Backpack): it paid 21.1% APR, 10.7% after costs, and held 84% of the time. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is Backpack or Binance Futures cheaper?
- Backpack charges 0.05% taker / 0.02% maker; Binance Futures charges 0.05% taker / 0.02% maker. Both are equal on taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, Backpack or Binance Futures?
- Backpack has $108.6M open interest across 73 markets; Binance Futures has $26.89B across 538. Binance Futures is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Backpack and Binance Futures?
- Yes β when an asset's funding diverges between the two, go long on the lower-funding venue and short on the higher one. Find live divergences on the ORBIT screener and backtest the exact pair before sizing it.