DegenBenchPerp DEXsBackpack Exchange#13Checked 10 Oct 20268 sources · official docs + public data

#13Backpack Exchange

Backpack Exchange review

Centralised exchange with KYC#13Solana · EVM · Bitcoin · Sui

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.

Open Backpack Exchangebackpack.exchange

backpack.exchange

DegenBenchChecked 10 Oct 20268 sources · official docs + public data#13

Perpetual futures are leveraged: a small move against you can liquidate your position. Only trade what you can afford to lose.

Trading fees: 0.05% 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.
New-user perk: Fee rebates on referred accountsvia a referral link (not offered here yet)
30-day volume: Not trackedDefiLlama classifies Backpack as a CEX and publishes no perp volume for it: no 30-day figure exists to compare with the DEXes. Its own API lists 103 PERP markets and 87 spot markets.

Max leverage: up to 75×103 perp markets
Identity check (KYC): KYC required
Custody: Custodial: your balances sit on the exchange, wallet is a separate product
Settles on: Backpack Exchange (centralised matching) · USDC, USDT
Where it runs: Web
iOS
Android

Checked 10 Oct 20268 sources

Who it’s for

Pick it if

You want a CEX-style experience with unified portfolio margin, stocks next to perps, and a referral that pays in cash.

Skip it if

You refuse to hand over your identity and your coins to a company, which is the exact trade-off here.

Strengths

103 perpetual markets and 87 spot markets listed on the exchange's own public API.
10% of trading fees paid to the referrer, in cash, with rebates claimable for up to 24 months.
Native iOS and Android apps, unified portfolio margin, and US stocks and ETFs in the same account.
An affiliate tier above the standard rebate for partners who bring real volume, with published eligibility thresholds.

Limits

Custody is the exchange's, not yours: as with Bybit, a platform failure means a direct loss.
KYC is mandatory, and referrals only start paying once the invited user has passed it; no retroactive adds are possible.
DefiLlama publishes no perp volume for Backpack, so its real weight cannot be checked.

What it offers

Order bookYes
Cross marginYes
Spot tradingYes
Vaults / copy vaultsYes
Copy tradingNot documented
Stocks, gold or forexYes
Points programYes
APIYes
Mobile appYes
Telegram botNot documented

“Not documented” means we found no official page, not that the feature is missing.

How to start safely

Open the official app
Type backpack.exchange yourself or use a bookmark: phishing copies of perp exchanges are common.
Deposit a small amount first
Send a test deposit of the collateral the exchange accepts, on the chain it documents, before moving more.
Set leverage and a stop before the order
Pick isolated margin for a new trade, keep leverage low, and place the stop-loss with the order, not after.
Watch funding and liquidation price
Funding is paid regularly while a position is open, and the liquidation price moves closer as leverage rises.

How to start trading perps on a DEX