Backpack Exchange vs BitMEX: fees compared
Every fee that costs you money on Backpack Exchange and BitMEX, side by side — trading fees at each VIP tier, withdrawal fees coin by coin, deposits and fiat. Sourced from each exchange’s own fee pages.
Backpack ExchangeRank #69 · founded 2023
BitMEXRank #75 · founded 2014The short answer
- BitMEX charges 0.05–0.1% on spot taker orders versus 0.1% on Backpack Exchange.
- Futures taker fees are identical at 0.05%.
- BitMEX has the cheaper withdrawal fee on 15 of the 21 coins both exchanges list (1 tie).
- Backpack Exchange publishes the deeper VIP ladder (11 tiers), so high-volume traders can push fees lower there.
Head-to-head
| Fee | Backpack Exchange | BitMEX |
|---|---|---|
| Trading fees | ||
| Spot maker | 0.08% | 0.05–0.1%cheaper |
| Spot taker | 0.1% | 0.05–0.1%cheaper |
| Futures maker | 0.02%cheaper | 0.05% |
| Futures taker | 0.05% | 0.05% |
| Lowest spot taker (top VIP tier) | 0.025%cheaperVIP 5 | 0.05%Regular |
| Fee tiers published | 11moreSpot trading | 1Spot trading — Spot USDT quoted |
| Fee discount with exchange token | — | — |
| Withdrawals & deposits | ||
| Coins you can withdraw | 6,485moresynced 2026-08-29 00:57 UTC | 51synced 2026-08-29 00:53 UTC |
| Median withdrawal fee (coins on both) | $0.3893across 21 coins | $0.2154cheaperacross 21 coins |
| Cheaper withdrawal on… | 5 coins1 tied | 15 coinsmore1 tied |
| Crypto deposit fee | — | — |
| Exchange profile | ||
| Volume 24h (spot + derivatives) | $201.00MmoreOI $113.56M | $8.58MOI $40.92M |
| Markets | Spot, Derivativesfounded 2023 | Spot, Derivativesfounded 2014 |
| Fiat currencies | SupportedBank | — |
“Cheaper” marks the better number on that row only. A dash means we have not verified that fee for the exchange yet — it is not a claim that the fee is zero.
What would you actually pay?
- Trading (Tier 4 · 0.05% / 0.07%)
- $600.00
- Withdrawals (4× BTC · Solana · $0.5466 each)
- $2.19
- Trading (Regular · 0.05% / 0.05%)
- $500.00
- Withdrawals (4× BTC · Bitcoin · $0.7809 each)
- $3.12
At $1M of monthly spot volume (50% maker) plus 4 BTC withdrawals, BitMEX costs $99.06 less per month — $1,188.75 a year.
Estimate only: it applies each exchange’s published VIP ladder for the market you picked, ignores token-payment discounts, referral rebates and promotional zero-fee pairs, and assumes every withdrawal uses the cheapest network above. Negative fees are maker rebates.
Spot fee tiers side by side
Backpack ExchangeSpot trading
| Tier | 30d volume ≥ | Maker | Taker |
|---|---|---|---|
| Tier 1 | — | 0.08% | 0.1% |
| Tier 2 | $100.00K | 0.07% | 0.09% |
| Tier 3 | $500.00K | 0.06% | 0.08% |
| Tier 4 | $1.00M | 0.05% | 0.07% |
| Tier 5 | $5.00M | 0.04% | 0.06% |
| Tier 6 | $10.00M | 0.03% | 0.05% |
| VIP 1 | $15.00M | 0.02% | 0.045% |
| VIP 2 | $25.00M | 0% | 0.04% |
| VIP 3 | $50.00M | 0% | 0.035% |
| VIP 4 | $75.00M | 0% | 0.03% |
| VIP 5 | $100.00M | 0% | 0.025% |
Source: Backpack Exchange fee schedule ↗ · verified 2026-08-28
BitMEXSpot trading — Spot USDT quoted
| Tier | 30d volume ≥ | Maker | Taker |
|---|---|---|---|
| Regular | — | 0.05% | 0.05% |
Source: BitMEX fee schedule ↗ · verified 2026-08-28
Futures fee tiers side by side
Backpack ExchangeFutures trading
| Tier | 30d volume ≥ | Maker | Taker |
|---|---|---|---|
| Tier 1 | — | 0.02% | 0.05% |
| Tier 2 | $500.00K | 0.019% | 0.045% |
| Tier 3 | $1.00M | 0.018% | 0.04% |
| Tier 4 | $5.00M | 0.016% | 0.035% |
| Tier 5 | $10.00M | 0.013% | 0.03% |
| Tier 6 | $25.00M | 0.01% | 0.028% |
| VIP 1 | $50.00M | 0.01% | 0.026% |
| VIP 2 | $100.00M | 0% | 0.024% |
| VIP 3 | $150.00M | 0% | 0.022% |
| VIP 4 | $200.00M | 0% | 0.02% |
| VIP 5 | $300.00M | 0% | 0.018% |
Source: Backpack Exchange fee schedule ↗ · verified 2026-08-28
BitMEXFutures trading — Futures quarterly
| Tier | 30d volume ≥ | Maker | Taker |
|---|---|---|---|
| Regular | — | 0.05% | 0.05% |
Source: BitMEX fee schedule ↗ · verified 2026-08-28
Withdrawal fees, coin by coin21 coins on both
| Coin | Backpack Exchange | BitMEX | Cheaper |
|---|---|---|---|
 BTCBitcoin | 0.0₅7000 BTC$0.5466 · Solana +1 | 0.0₄1000 BTC$0.7809 · Bitcoin | Backpack Exchangesaves $0.2343 |
 ETHEthereum | 0.0002000 ETH$0.5023 · Arbitrum One +3 | 0.0₄5000 ETH$0.1256 · Optimism +3 | BitMEXsaves $0.3767 |
 USDTTether USDt | 0.1000 USDT$0.09991 · Sei +13 | 0.05000 USDT$0.04996 · Arbitrum One +5 | BitMEXsaves $0.04996 |
 BNBBNB | 0.0005000 BNB$0.3751 · BNB Smart Chain (BEP20) | 0.002000 BNB$1.50 · BNB Smart Chain (BEP20) | Backpack Exchangesaves $1.13 |
 XRPXRP | 0.2000 XRP$0.2662 · XRP Ledger | 0.2000 XRP$0.2662 · XRP Ledger | same |
 USDCUSDC | 0.1000 USDC$0.1000 · Sui +10 | 0.05000 USDC$0.05001 · Arbitrum One +4 | BitMEXsaves $0.05001 |
 SOLSolana | 0.005000 SOL$0.5313 · Solana | 0.001000 SOL$0.1063 · Solana | BitMEXsaves $0.4250 |
 TRXTRON | 8.9 TRX$3.00 · Tron (TRC20) | 1 TRX$0.3368 · Tron (TRC20) | BitMEXsaves $2.66 |
 HYPEHyperliquid | 0.001000 HYPE$0.08916 · HyperEVM | 0.0₄3000 HYPE$0.002675 · HyperEVM | BitMEXsaves $0.08648 |
 DOGEDogecoin | 2 DOGE$0.1716 · Dogecoin | 5 DOGE$0.4291 · Dogecoin | Backpack Exchangesaves $0.2574 |
 LINKChainlink | 0.2200 LINK$2.61 · Ethereum (ERC20) | 0.2500 LINK$2.97 · Ethereum (ERC20) | Backpack Exchangesaves $0.3563 |
 ADACardano | 0.4000 ADA$0.08616 · Cardano | 1 ADA$0.2154 · Cardano | Backpack Exchangesaves $0.1292 |
 UNIUniswap | 0.5700 UNI$5.20 · Ethereum (ERC20) | 0.5000 UNI$4.56 · Ethereum (ERC20) | BitMEXsaves $0.6385 |
 LTCLitecoin | 0.001000 LTC$0.05556 · Litecoin | 0.0002000 LTC$0.01111 · Litecoin | BitMEXsaves $0.04445 |
 SHIBShiba Inu | 484,121 SHIB$2.62 · Ethereum (ERC20) | 250,000 SHIB$1.36 · Ethereum (ERC20) | BitMEXsaves $1.27 |
 AAVEAave | 0.02100 AAVE$2.85 · Ethereum (ERC20) | 0.02000 AAVE$2.71 · Ethereum (ERC20) | BitMEXsaves $0.1357 |
 POLPolygon (prev. MATIC) | 1 POL$0.09999 · Polygon +1 | 0.08000 POL$0.007999 · Polygon | BitMEXsaves $0.09199 |
 TRUMPOFFICIAL TRUMP | 0.1900 TRUMP$0.3893 · Solana | 0.0₇1000 TRUMP$0.0₇2049 · Ethereum (ERC20) | BitMEXsaves $0.3893 |
 BONKBonk | 164,745 BONK$0.4669 · Solana | 60,000 BONK$0.1701 · Solana | BitMEXsaves $0.2969 |
 APEApeCoin | 39 APE$5.20 · Ethereum (ERC20) | 6 APE$0.8005 · Ethereum (ERC20) | BitMEXsaves $4.40 |
 GOATGoatseus Maximus | 6 GOAT$0.09719 · Solana | 0.0₇1000 GOAT$0.0₉1620 · Solana | BitMEXsaves $0.09719 |
Showing 1–21 of 21 coins
Deposit, fiat, card and other fees
| Fee | Backpack Exchange | BitMEX |
|---|---|---|
| Futures settlement/delivery fee | — | Free |
Backpack Exchange vs BitMEX — FAQ
Is Backpack Exchange or BitMEX cheaper?
BitMEX charges 0.05–0.1% on spot taker orders versus 0.1% on Backpack Exchange. Futures taker fees are identical at 0.05%. BitMEX has the cheaper withdrawal fee on 15 of the 21 coins both exchanges list (1 tie). Backpack Exchange publishes the deeper VIP ladder (11 tiers), so high-volume traders can push fees lower there.
Which has lower trading fees, Backpack Exchange or BitMEX?
Backpack Exchange charges 0.1% taker / 0.08% maker on spot and 0.05% taker on futures at the entry tier. BitMEX charges 0.05–0.1% taker / 0.05–0.1% maker on spot and 0.05% taker on futures. Across the metrics we compare, Backpack Exchange wins more of them. Both drop as your 30-day volume grows — use the calculator above to price your own volume.
Which is cheaper for withdrawals, Backpack Exchange or BitMEX?
Of the 21 coins both exchanges let you withdraw, Backpack Exchange is cheaper on 5, BitMEX on 15, and 1 are identical. The median withdrawal fee on that shared basket is $0.3893 on Backpack Exchange versus $0.2154 on BitMEX. BitMEX is the cheaper default, but the winner changes coin by coin — check the coin you actually withdraw.
How can I pay lower fees on Backpack Exchange or BitMEX?
Both exchanges also cut maker/taker rates as your 30-day volume rises — Backpack Exchange publishes 11 tiers and BitMEX publishes 1 tier. Choosing the cheapest withdrawal network matters just as much: on many coins the gap between networks is larger than the gap between exchanges.
Are these Backpack Exchange and BitMEX fees up to date?
Trading fees are hand-curated from each exchange's official fee schedule and carry the date we last verified them (2026-08-28 for Backpack Exchange, 2026-08-28 for BitMEX). Withdrawal fees are synced from each exchange's own API or fee page (last sync 2026-08-29 00:57 UTC for Backpack Exchange, 2026-08-29 00:53 UTC for BitMEX). USD amounts are recomputed at the live coin price.
Other comparisons
Trading and other fee numbers are hand-curated from each exchange’s official fee pages (linked next to every tier table) and carry the date we last verified them. Withdrawal fees are synced from each exchange’s own API or fee page; USD amounts are computed at the current live coin price, so they move with the market. Rates exclude referral rebates, promotional zero-fee pairs and regional pricing. Full detail per exchange: Backpack Exchange fees · BitMEX fees.