Head-to-head
Backpack vs. Phemex
Data as of Sep 15, 2026
| Criterion | ||
|---|---|---|
| Score | 53.6 | 87.1Best |
| Regulation | VARA | — |
| Trading Cost | 0.18 %Best | 0.2 % |
| Spread | 0.0133 bpsBest | 0.4825 bps |
| Reported 24h Volume | $16.1M | $815.1MBest |
| Market Breadth | 87 markets | 1,018 marketsBest |
FAQ
Frequently Asked Questions
Which broker scores higher, Backpack or Phemex?
Phemex scores higher: 87.1 vs. 53.6 for Backpack.
Which broker has the lower trading costs, Backpack or Phemex?
Backpack has the lower trading costs: 0.18 % vs. 0.2 % for Phemex.
Which broker has the narrower spread, Backpack or Phemex?
Backpack has the narrower spread: 0.0133 bps vs. 0.4825 bps for Phemex.
Which broker has the higher reported 24h volume, Backpack or Phemex?
Phemex has the higher reported 24h volume: $815.1M vs. $16.1M for Backpack.
Which broker offers the greater market breadth, Backpack or Phemex?
Phemex offers the greater market breadth: 1,018 markets vs. 87 markets for Backpack.
Is Backpack regulated?
Backpack is regulated by VARA.