Pacificavs
Backpack
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
| Pacifica | Backpack | |
|---|---|---|
| Type | DEX | CEX |
| Taker fee | 4 bps✓ | 5 bps |
| Maker fee | 1.5 bps✓ | 2 bps |
| Open Interest | $91.0M✓ | $88.3M |
| 24h Volume | $875.8M✓ | $129.8M |
| Avg Funding APR | 10.58% | 14.35% |
| Markets | 50 | 50 |
| Airdrop / token | Points Active | Listed |
Pacifica and Backpack are both perpetual-futures venues tracked on ORBIT. On fees, Pacifica is cheaper (4 vs 5 bps taker). On liquidity, Pacifica is deeper with $91.0M open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely “one or the other” — 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 Pacifica and Backpack diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Is Pacifica or Backpack cheaper?
- Pacifica charges 4 bps taker / 1.5 bps maker; Backpack charges 5 bps taker / 2 bps maker. Pacifica has the lower taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, Pacifica or Backpack?
- Pacifica has $91.0M open interest across 50 markets; Backpack has $88.3M across 50. Pacifica is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Pacifica and Backpack?
- Yes — 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.