Pacificavs
Backpack
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 6 liquid markets shared by Backpack and Pacifica, the best funding setup over the past 7 days is $ZEC (long Pacifica, short Backpack): it paid 10.3% APR, 0.9% after costs, and held 61% of the time.
6 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs — not by the instantaneous APR.
“7d avg” is the funding spread the pair actually paid over the last 7 days. “After costs” subtracts taker fees for opening and closing both legs over a 7-day hold. “Holds” is the share of hours the spread kept the same sign and at least 5% APR.
| Pacifica | Backpack | |
|---|---|---|
| Type | DEX | CEX |
| Taker fee | 0.04%✓ | 0.05% |
| Maker fee | 0.015%✓ | 0.02% |
| Open Interest | $60.5M | $106.2M✓ |
| 24h Volume | $492.7M✓ | $331.9M |
| Avg Funding APR | 11.26% | 10.97% |
| Markets | 76✓ | 73 |
| Airdrop / token | Points Active | Listed |
Pacifica and Backpack are both perpetual-futures venues tracked on ORBIT. On fees, Pacifica is cheaper (0.04% vs 0.05% taker). On liquidity, Backpack is deeper with $106.2M 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
- Which funding setup between Pacifica and Backpack pays most?
- Across 6 liquid markets shared by Backpack and Pacifica, the best funding setup over the past 7 days is $ZEC (long Pacifica, short Backpack): it paid 10.3% APR, 0.9% after costs, and held 61% of the time. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is Pacifica or Backpack cheaper?
- Pacifica charges 0.04% taker / 0.015% maker; Backpack charges 0.05% taker / 0.02% 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 $60.5M open interest across 76 markets; Backpack has $106.2M across 73. Backpack 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.