Fees
Last updated
Backpack Docs
Last updated
At Backpack Exchange, our commitment to providing a transparent and competitive fee structure is paramount.
The tables below outlines the Spot Trading & Perpetual Futures fee tiers for our Public Beta Launch, enabling traders to easily identify the fees associated with their trading volume.
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We may change these fees for the next phase of launch and will post the updated fees here beforehand.
*SUBJECT TO CHANGE*
Mad Lads holders who connect their Backpack Wallet containing the NFT to Backpack Exchange will automatically qualify for VIP Tier 1 trading fees. The Mad Lads VIP program is in place for both Spot and Perpetual futures.
Maker Fee: A "maker" is someone who places a limit order that adds liquidity to the market. This means the order isnβt filled immediately but waits for a matching order (opposite buy or sell) to come along. The fee incurred for such orders is called the "maker fee". Makers typically pay a lower fee as they contribute to the market's liquidity. β
Taker Fee: A "taker" is someone who places an order that matches immediately with an existing order on the order book. This takes liquidity away from the market. The fee for such orders is called the "taker fee". Takers typically pay a slightly higher fee due to the immediate nature of their trades.
The more you trade, the more you save! Our fee structure is designed to reward high-volume traders with reduced fees. As your 30-day trading volume increases, you ascend through our tier levels, and your applicable fees decrease. Both maker and taker fees decrease as you move to a higher tier, allowing for a more cost-effective trading experience.
Please refer to the table provided to view the fee structure across different tiers and the corresponding 30-day volume requirements. We aim to offer a seamless trading experience with a clear understanding of the associated costs.
