Backpack Exchange vs Bybit
Same lines, side by side: fees, leverage, markets, KYC, custody and referral perks, from official pages and DefiLlama.
See the 12 differences
| Line | Backpack Exchange | Bybit |
|---|---|---|
| 30-day volume | #13 · Not tracked | #14 · Not tracked |
| Trading fees | Edge0.05% taker · 0.02% makerBackpack documents one tier table covering spot and perpetual futures, sorted by 30-day volume, with tiers recalculated every hour and the effective tier driven by whichever is highest between BP staking, volume and pre-TGE Mad Lad NFT holdings. The base tier is 0.02% maker and 0.05% taker on futures, higher tiers are cheaper according to the published table, which the support site now gives as text; the USDT/USDC pair is charged 0% and does not count toward tiers. | 0.055% taker · 0.02% makerNon-VIP rate on perpetual and futures contracts: 0.055% taker and 0.02% maker. VIP tiers lower both, based on 30-day derivatives volume or assets held on the account. Funding is charged on top while a position stays open. |
| New-user perk | Fee rebates on referred accounts | Up to 25 USDT: 10 USDT for a 100 USDT deposit within 7 days, then 15 USDT for 500 USDT traded within 30 days |
| Max leverage | up to 75× | Edgeup to 150× |
| Perp markets | 103 | Edge846 |
| Identity check (KYC) | KYC required | KYC required |
| Custody | Custodial: your balances sit on the exchange, wallet is a separate product | Custodial: your balances sit on the exchange |
| Settles on | Backpack Exchange (centralised matching) | Bybit (centralised matching) |
| Collateral | USDC, USDT | USDT, USDC |
| Where it runs | Web, iOS, Android | Web, iOS, Android |
| Chains | EdgeSolana · EVM · Bitcoin · SuiSolana, Ethereum, Arbitrum, Base, Polygon, Avalanche, Bitcoin, Sui | — |
| Documented features | Edge8 of 10 | 7 of 10 |
| Order book | Yes | Yes |
| Cross margin | Yes | Yes |
| Spot trading | Yes | Yes |
| Vaults / copy vaults | Yes | Not documented |
| Copy trading | Not documented | Yes |
| Stocks, gold or forex | Yes | Yes |
| Points program | Yes | Not documented |
| API | Yes | Yes |
| Mobile app | Yes | Yes |
| Telegram bot | Not documented | Not documented |
Which one should you pick?
Pick Backpack Exchange if
You want a CEX-style experience with unified portfolio margin, stocks next to perps, and a referral that pays in cash.
One of the two centralised venues of the series, with Bybit, so you give up custody: accounts are KYC-verified, balances sit on the exchange and the 10% referral rebate is paid on trading fees rather than points. Backpack also lists US stocks and ETFs next to 103 perpetual markets.
Read the Backpack Exchange reviewbackpack.exchange
Pick Bybit if
You want the widest choice of altcoin perps, copy trading and a mobile app, and accept KYC and custody.
The biggest menu of the series: 846 USDT and USDC perpetuals, up to 150x on BTC, 0.055% taker, copy trading and mobile apps. It is a centralised exchange: identity verified, balances held by Bybit. The referral pays new users up to 25 USDT, but EEA residents, France included, are being moved to Bybit EU.
Read the Bybit reviewSign up through this link: Up to 25 USDT: 10 USDT for a 100 USDT deposit within 7 days, then 15 USDT for 500 USDT traded within 30 days.
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