Backpack (BP) Open Interest
Backpack (BP) perpetual futures trade across 7 exchanges with an aggregate 24-hour volume of $329.77K and $1.12M in open interest. Leading venues for BP open interest: EXTENDED, GATEIO, PACIFICA.
BP Exchange Breakdown
| Exchange | Price (USD) | 24h Volume (USD) | Open Interest (USD) | Funding (bps) | Funding APY |
|---|---|---|---|---|---|
| EXTENDED | $0.15216 | $121.70K | $412.25K | 9.00 bps | 98.55% APY |
| MEXC | $0.1503 | $102.13K | $14.23K | 1.00 bps | 10.95% APY |
| PACIFICA | $0.1525 | $54.00K | $201.22K | 4.00 bps | 43.80% APY |
| BYBIT | $0.15935 | $32.45K | $0 | 0.50 bps | 5.47% APY |
| GATEIO | $0.1634 | $18.85K | $292.17K | 1.00 bps | 10.95% APY |
| KUCOIN | $0.16 | $645.60 | $195.69K | 1.00 bps | 10.95% APY |
| DRIFT | n/a | $0 | $5.19K | 2.90 bps | 31.75% APY |
Last updated 2026-05-10T01:42:53.545845Z (UTC).
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Related: BP funding rate, BP volume, BP perp market data.
Why Track BP Open Interest?
Open interest measures the total value of outstanding BP perpetual futures contracts. Rising OI alongside price increases signals strong conviction; rising OI with falling price suggests aggressive short positioning. Monitor BP OI trends across exchanges to gauge market sentiment, identify crowded trades, and anticipate potential liquidation cascades.
Key BP OI Metrics
- Aggregate OI: Total BP perpetual futures open interest in USD across all tracked exchanges with 24-hour change percentage.
- Exchange Breakdown: Per-exchange BP OI with share percentages showing where positions are concentrated.
- Historical Charts: Time-series BP open interest data to identify accumulation and deleveraging patterns.