Binance vs Deribit

Binance vs Deribit: which to use

Binance vs Deribit is two centralized exchanges with order books, and the choice comes down to fees, market range and leverage. Deribit charges 1.5 bp maker and 3.5 bp taker, pays funding every hour on every market, and tops out at 50x. Binance charges 2 bp maker and 5 bp taker on crypto perps, lists 783 perps (213 of them real-world assets) against Deribit's 134, and allows up to 150x. Pick Deribit for lower base fees and hourly funding. Pick Binance for breadth and leverage.

How are Binance and Deribit built?

Binance and Deribit are both centralized exchanges (CEX). You open an account with the company, and the account holds your funds. Both match orders on a central limit order book.

For the trader, this means the cost table above shows what trading through each order book costs at different sizes.

What do the fees mean for market and limit orders?

Binance's base tier is 2 bp maker and 5 bp taker, per Binance's fee page. We read Deribit's base tier, 1.5 bp maker and 3.5 bp taker, from its API, because it has no fee page to link. A basis point (bp) is 0.01% of the position.

A market order pays the taker fee on entry and again on exit, so a round trip costs 10 bp in fees on Binance and 7 bp on Deribit. A limit order that rests on the book and fills later pays the maker fee instead: 2 bp on Binance, 1.5 bp on Deribit.

Binance's stock and commodity perps are priced differently. Regular users pay 0 maker and 0.04% taker, "until further notice" (Binance announcement, checked 29 September 2026).

The fee is only part of a market order's cost. Slippage, the price you move by eating through the order book, grows with size. The cost table above adds both at each size from $1k to $5M, and every exchange's trading cost is compared on one page.

How many markets, how much leverage, and how often is funding paid?

As of 1 October 2026 Binance lists 783 active perps and Deribit lists 134. Of those, 213 on Binance and 34 on Deribit are stocks, commodities, FX or other real-world assets. If you want those markets next to your crypto positions, Binance has more of them on one exchange.

Binance allows up to 150x on its highest-leverage market and Deribit up to 50x. Most markets on both allow less. A Binance futures account under 30 days old is capped at 20x.

Deribit pays funding every hour on every market. Binance pays every 1 hour, 4 hours or 8 hours depending on the market. Funding is the periodic payment between longs and shorts, and a positive rate means longs pay shorts. An hourly market settles 24 times a day and an 8-hour market three times. Check a market's interval before you hold a position through it. The list further down this page shows the markets both exchanges have, each one's funding rate and the spread between them.

What does each exchange ask before you trade?

Both require KYC. Binance requires verified KYC to deposit or trade.

Deribit asks for ID, proof of address and a financial profile before any deposit. It is closed to the US, Canada, Japan and retail UK clients.

Which exchange has a token?

Binance's token is $BNB.

What should you check in the numbers on this page?

Both exchanges publish open interest as one side of open positions, so the open interest row and chart above compare like with like. Some exchanges publish longs plus shorts, about twice a one-side count, but that does not apply to this pair.

Neither Binance nor Deribit has a TVL row or chart, because centralized exchanges publish none. The Head to head table shows no TVL figure for either.

To see where funding differs between exchanges, the funding arbitrage ranking lists every pair by spread, with Paid 7d and Net 7d.

Which one fits you

• Pick Binance if you need more than 50x: it allows up to 150x on its highest-leverage market, once your futures account is past its first 30 days.
• Pick Binance if you want a wide market list: 783 perps, 213 of them stocks, commodities, FX or other real-world assets.
• Pick Binance if you trade stock and commodity perps and want 0 maker and 0.04% taker as a regular user.
• Pick Deribit if you trade crypto perps with market orders: 3.5 bp taker against 5 bp.
• Pick Deribit if you rest limit orders: 1.5 bp maker against 2 bp.
• Pick Deribit if you want every market on an hourly funding schedule, rather than checking for 1, 4 or 8 hours.