Backpack
cexMaker 0.02% · Taker 0.05%
Markets
| Asset | Mark Price ↕ | 24h % ↕ | Funding APR ↕ | Open Interest ↓ | 24h Volume ↕ | ||
|---|---|---|---|---|---|---|---|
 BTC | $63,410.1 | +0.58% | +10.95% | +10.94% | 1h | $28.2M | $50.7M |
 SOL | $75.42 | -0.09% | -3.63% | +5.66% | 1h | $16.7M | $3.3M |
 ETH | $1,900.08 | +0.98% | +10.95% | +10.67% | 1h | $9.9M | $3.4M |
 HYPE | $58.864 | +3.29% | -24.26% | +6.56% | 1h | $7.4M | $6.7M |
 BNB | $604.44 | -0.26% | +7.30% | +9.97% | 1h | $1.6M | $227K |
 PAXG | $4,384.79 | +0.26% | +10.95% | -0.92% | 1h | $1.6M | $144K |
 XRP | $1.0004 | -0.11% | +10.95% | +10.89% | 1h | $845K | $223K |
 PUMP | $0.0028 | +1.92% | -7.65% | -32.31% | 1h | $770K | $133K |
 ADA | $0.1768 | -0.12% | -39.30% | -32.28% | 1h | $766K | $325K |
 JUP | $0.1687 | +1.27% | +45.70% | +16.39% | 1h | $676K | $59K |
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, $76.1M total open interest, $69.6M in 24h volume. Average funding across its markets is +7.04% 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 0.05% taker and 0.02% 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 (-3.63%), ETH (+10.95%).
Frequently asked questions
- What are Backpack trading fees?
- Backpack charges 0.05% taker and 0.02% 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.