Backpack Exchange vs Gemini: fees compared
Every fee that costs you money on Backpack Exchange and Gemini, 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
GeminiRank #23 · founded 2015The short answer
- Gemini charges 0–1.2% on spot taker orders versus 0.1% on Backpack Exchange.
- On futures, Backpack Exchange is cheaper for takers (0.05% vs 0.07%).
- Gemini publishes the deeper VIP ladder (13 tiers), so high-volume traders can push fees lower there.
Head-to-head
| Fee | Backpack Exchange | Gemini |
|---|---|---|
| Trading fees | ||
| Spot maker | 0.08% | 0–0.6%cheaper |
| Spot taker | 0.1% | 0–1.2%cheaper |
| Futures maker | 0.02% | 0.02% |
| Futures taker | 0.05%cheaper | 0.07% |
| Lowest spot taker (top VIP tier) | 0.025%VIP 5 | 0.02%cheaperVol ≥ $250,000,000 |
| Fee tiers published | 11Spot trading | 13moreSpot trading |
| Fee discount with exchange token | — | — |
| Withdrawals & deposits | ||
| Coins you can withdraw | 6,485synced 2026-08-29 00:57 UTC | — |
| Median withdrawal fee (coins on both) | — | — |
| Cheaper withdrawal on… | — | — |
| Crypto deposit fee | — | — |
| Exchange profile | ||
| Volume 24h (spot + derivatives) | $201.00MmoreOI $113.56M | $128.76MOI $1.93M |
| Markets | Spot, Derivativesfounded 2023 | Spot, Derivativesfounded 2015 |
| Fiat currencies | SupportedBank | 7 currenciesUSD, GBP, EUR, HKD, SGD, AUD… |
“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 (no coin selected)
- —
- Trading (Vol ≥ $1,000,000 · 0.05% / 0.1%)
- $750.00
- Withdrawals (no coin selected)
- —
At $1M of monthly spot volume (50% maker) plus 4 coin withdrawals, Backpack Exchange costs $150.00 less per month — $1,800.00 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
GeminiSpot trading
| Tier | 30d volume ≥ | Maker | Taker |
|---|---|---|---|
| Regular | — | 0.6% | 1.2% |
| Vol ≥ $10,000 | $10.00K | 0.4% | 0.8% |
| Vol ≥ $25,000 | $25.00K | 0.25% | 0.5% |
| Vol ≥ $75,000 | $75.00K | 0.125% | 0.25% |
| Vol ≥ $250,000 | $250.00K | 0.075% | 0.15% |
| Vol ≥ $500,000 | $500.00K | 0.06% | 0.125% |
| Vol ≥ $1,000,000 | $1.00M | 0.05% | 0.1% |
| Vol ≥ $5,000,000 | $5.00M | 0.04% | 0.085% |
| Vol ≥ $10,000,000 | $10.00M | 0.025% | 0.065% |
| Vol ≥ $20,000,000 | $20.00M | 0.01% | 0.05% |
| Vol ≥ $50,000,000 | $50.00M | 0% | 0.035% |
| Vol ≥ $100,000,000 | $100.00M | 0% | 0.025% |
| Vol ≥ $250,000,000 | $250.00M | 0% | 0.02% |
Source: Gemini 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
GeminiFutures trading — Perpetual
| Tier | 30d volume ≥ | Maker | Taker |
|---|---|---|---|
| Regular | — | 0.02% | 0.07% |
| Vol ≥ $10,000 | $10.00K | 0.02% | 0.06% |
| Vol ≥ $50,000 | $50.00K | 0.02% | 0.05% |
| Vol ≥ $5,000,000 | $5.00M | 0.01% | 0.04% |
| Vol ≥ $10,000,000 | $10.00M | 0% | 0.04% |
| Vol ≥ $50,000,000 | $50.00M | -0.01%rebate | 0.04% |
| Vol ≥ $100,000,000 | $100.00M | -0.01%rebate | 0.03% |
Source: Gemini fee schedule ↗ · verified 2026-08-28
Withdrawal fees, coin by coin
We have not synced withdrawal fees for Gemini yet, so there is nothing to compare coin by coin. See Backpack Exchange withdrawal fees →
Deposit, fiat, card and other fees
| Fee | Backpack Exchange | Gemini |
|---|---|---|
| Margin borrow interestBTC | — | 0.0012%≈ 10.5% APR · min 1e-8 BTC/h |
| Margin borrow interestETH | — | 0.0014%≈ 12.3% APR · min 1e-18 ETH/h |
| Margin borrow interestHYPE | — | 0.0014%≈ 12.3% APR · min 1e-18 HYPE/h |
| Margin borrow interestUSD | — | 0.003%≈ 26.3% APR · min $0.01/h |
| Margin borrow interestZEC | — | 0.0014%≈ 12.3% APR · min 1e-8 ZEC/h |
Backpack Exchange vs Gemini — FAQ
Is Backpack Exchange or Gemini cheaper?
Gemini charges 0–1.2% on spot taker orders versus 0.1% on Backpack Exchange. On futures, Backpack Exchange is cheaper for takers (0.05% vs 0.07%). Gemini publishes the deeper VIP ladder (13 tiers), so high-volume traders can push fees lower there.
Which has lower trading fees, Backpack Exchange or Gemini?
Backpack Exchange charges 0.1% taker / 0.08% maker on spot and 0.05% taker on futures at the entry tier. Gemini charges 0–1.2% taker / 0–0.6% maker on spot and 0.07% taker on futures. Across the metrics we compare, Gemini 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 Gemini?
We do not yet have withdrawal fees synced for both exchanges, so we can't compare them coin by coin.
How can I pay lower fees on Backpack Exchange or Gemini?
Both exchanges also cut maker/taker rates as your 30-day volume rises — Backpack Exchange publishes 11 tiers and Gemini publishes 13 tiers. 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 Gemini 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 Gemini). Withdrawal fees are synced from each exchange's own API or fee page (last sync 2026-08-29 00:57 UTC for Backpack Exchange). 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 · Gemini fees.