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Backpack Exchange
Backpack is a licensed exchange (Dubai VARA) rather than a DEX, run by the team behind the Backpack wallet and Mad Lads. It is included here because it is a major venue for Solana-native perp flow and runs a well-known points programme.
$117.22M
Open interest
$183.13M
24h volume
90
Live markets
1m ago
Last refresh
polled live
Mechanics
How it works
A conventional centralised matching engine with custodial balances. Perps are USDC-margined with an 8-hour funding interval.
Risk
What to watch
This is a custodial venue: you hold a claim on Backpack, not your keys. KYC is required and jurisdictions are restricted.
Incentives
Points and tokens
Backpack Pointsactive
Backpack runs a long-running points season covering both spot and perp activity.
How to earn Trade spot and perps, hold assets on the exchange, and use the Backpack wallet.
Markets
What Backpack lists
Deepest first.