When it comes to cryptocurrency trading, one of the most critical factors that can impact your long-term profitability is the fee structure of the exchange you use. At Backpack Exchange, transparency and competitiveness are at the core of our trading fee model. We’ve designed a clear, tiered system that rewards active traders with lower costs—so you can trade more efficiently and keep more of your gains.
Our current fee schedule applies to both spot trading and perpetual contracts during the public testing phase. While rates may be adjusted in future phases, we commit to updating this page in advance to ensure full transparency.
Note: Fee structures are subject to change without prior notice.
Understanding Maker and Taker Fees
To fully grasp how trading fees work, it's essential to understand the difference between maker and taker orders:
- Maker Fees: A maker is a trader who adds liquidity to the market by placing a limit order that doesn’t execute immediately. Instead, it waits on the order book for another user to match it. Because these orders enhance market depth and stability, maker fees are typically lower—and sometimes even negative (meaning you earn a rebate).
- Taker Fees: A taker removes liquidity by matching an existing order—such as using a market order or a limit order that fills instantly. Since takers consume available liquidity, they usually incur slightly higher fees.
This dual-fee model incentivizes users to contribute to market efficiency while maintaining fair pricing for fast execution.
👉 Discover how low fees can boost your trading performance
How Fee Tiers Work
Backpack Exchange uses a tiered fee structure based on your 30-day trading volume, encouraging higher activity with progressively better rates. The more you trade, the lower your fees become—for both maker and taker transactions.
As your volume increases over time, you automatically move up through VIP levels, unlocking improved fee discounts across all supported markets. This system benefits both casual traders and high-frequency participants by offering scalable cost savings.
Even if you're just starting out, every trade brings you closer to the next tier. And remember—holding certain NFTs can give you an instant boost (more on that below).
What Is the Mad Lads VIP Program?
Did you know you can qualify for reduced trading fees simply by holding a specific NFT?
Users who own a Mad Lads NFT and connect their Backpack Wallet to Backpack Exchange are automatically upgraded to VIP Level 1. This status applies to both spot and perpetual contract trading, giving you immediate access to preferential maker and taker rates—no additional steps required.
The Mad Lads VIP Program is part of our broader effort to integrate blockchain-based identity and ownership into real-world utility. Your digital assets don’t just represent art or collectibles—they can unlock tangible financial benefits.
While details about higher VIP tiers and additional perks may be released later, securing a Mad Lads NFT now ensures you’re ahead of the curve when it comes to cost-effective trading.
👉 See how NFT ownership can reduce your trading costs
Core Keywords for Search Visibility
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- Trading fees
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These terms reflect common queries from traders comparing platforms, optimizing strategies, or seeking ways to minimize transaction costs.
Frequently Asked Questions (FAQ)
Q: Are trading fees different for spot and perpetual contracts?
Yes, but under the same tiered system. Both spot trading and perpetual contract trading follow identical volume-based fee tiers. However, exact rates may vary slightly depending on the product due to differences in market mechanics and risk management.
Q: How is 30-day trading volume calculated?
Your trading volume is calculated based on all executed trades (both buy and sell orders) over the past 30 calendar days. It resets continuously, so consistent activity helps maintain or improve your fee tier.
Q: Can I lose my VIP level?
Yes, if your 30-day rolling volume drops below the threshold required for your current tier, your fee level will decrease accordingly. However, Mad Lads NFT holders retain VIP 1 status regardless of volume during the public test phase.
Q: Do I need to apply for a fee tier upgrade?
No application is needed. Upgrades and downgrades happen automatically based on your real-time trading volume. Once you hit a new threshold, your updated fees apply immediately to all future trades.
Q: Are there any hidden fees?
No. All fees are clearly displayed before order confirmation. There are no account maintenance fees, deposit fees (for most assets), or withdrawal markups beyond network gas costs.
Q: Will fees change after the public test phase?
Possibly. The current structure is valid during the public testing period. Any updates will be announced on this page in advance to ensure full transparency.
Maximize Your Trading Efficiency
Whether you're executing high-frequency strategies or building long-term positions, minimizing transaction costs is key to maximizing returns. With Backpack Exchange’s transparent, volume-driven fee model—and added benefits like the Mad Lads VIP Program—you’re equipped with tools to trade smarter.
By combining competitive base rates with dynamic tier incentives and NFT-powered upgrades, we’re redefining what users should expect from a modern crypto trading platform.
👉 Start trading with optimized fees today
Remember: every basis point saved on fees contributes directly to your bottom line. Stay informed, trade actively, and leverage every advantage available to build a more efficient trading strategy.