Settings8H · net · $10k
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Kalshi vs Bitget

Bitget traded 8.4× Kalshi's 24-hour volume ($11.37B vs $1.35B) and holds 93× its open interest.

vs
KalshiDEXBetter on 2 of 10
Trade on Kalshi
vs
BitgetCEXBetter on 8 of 10
Trade on Bitget

Head to head

the arrow points to the better figure
KalshiBitget
Trading
$1,648BTC trade, $1M▶$1,321
$7.1MBTC book depth▶$20.0M
15xMax leverage▶150x
Size
$1.35BVolume 24h▶$11.37B
$1.06BVolume, 7-day average▶$8.20B
$87.4MOpen interest▶$8.10B
—TVL—
Markets
71Markets▶933
67Stocks & RWA▶418
8h or 24hFunding paid every1h or 4h or 8h
+0.0302%BTC funding /8h+0.0100%
+1.464%BTC longs paid, 30d+0.575%
Access
RequiredKYCRequired
none yetToken$BGB
Not activeAirdrop—

Cost to trade BTC

Kalshi cheaper below $1M, Bitget from $1M
SizeKalshiBitget
$1k$0.858.5 bp$1.2012.0 bp
$10k$10.3010.3 bp$12.0112.0 bp
$100k$13313.3 bp$12012.0 bp
$1M$1,64816.5 bp$1,32113.2 bp
$5M$15,85331.7 bp$8,68917.4 bp

BTC funding per day

pair page
Longs paid in 30 days: Kalshi +1.464% · Bitget +0.575%
KalshiBitget

Size

daily, since Sep 18
Volume24h, each day
KalshiBitget
Open interestat each day's close
KalshiBitget
Kalshi's share of the twoby volume
Kalshi's share

Volume by asset class

last 90 days
KalshiCrypto 88% · Commodities 6.9% · Indices 0.8% · Other RWA 4.0%
BitgetCrypto 80% · Stocks 15% · Commodities 3.5% · Pre-IPO 0.3% · Other RWA 0.3%

On both: 77

funding /8h · Net 7d at $10k
AssetKalshiBitgetSpreadNet 7d
BTC+0.0302%+0.0100%+0.0202%−$17
ETH+0.0171%+0.0100%+0.0071%−$29
SOL0.0000%−0.0008%+0.0008%−$43
HYPE0.0000%+0.0100%+0.0100%−$50
XRP+0.0344%+0.0094%+0.0250%+$4
ZEC−0.0214%+0.0100%+0.0314%−$24
NEAR+0.0176%+0.0100%+0.0076%−$67
BCH0.0000%+0.0100%+0.0100%−$8
DOGE0.0000%+0.0013%+0.0013%−$30
BNB+0.0420%+0.0092%+0.0328%−$30
SUI0.0000%+0.0039%+0.0039%−$39
LINK+0.0230%+0.0093%+0.0137%+$124
LTC−0.0218%+0.0100%+0.0318%−$32
WLD−0.0111%−0.0255%+0.0144%−$42
ADA0.0000%+0.0068%+0.0068%−$1
UNI0.0000%+0.0100%+0.0100%−$178
VVV0.0000%+0.0082%+0.0082%−$21
AAVE0.0000%+0.0100%+0.0100%−$32
SHIB−0.0138%−0.0051%+0.0087%−$6
Only on Kalshi: 8

USTECH100 · WTIFUTURE · ALUMINUM · DIS · NEM · JNJ · VZ · PLD

Only on Bitget: 807

SOXL · XAUT · PEPE · ENA · CL · MSTR · BTW · KORU · BZ · TAO · AVAX · ONDO · CRCL · XLM · SKHY · DOT · DRAM · SOXS · BGB · PUMP · INJ · ASTER · HBAR · SKHYNIX · ARB · FF · ANTHROPIC · FET · NATGAS · TRX · PAXG · OPENAI · XMR · TQQQ · ZHIPU · FIL · SOON · PENGU · KAS · RENDER · ETC · MINIMAX · FARTCOIN · TRUMP · WLFI · SEI · QNT · STRC · COIN · ICP · XPL · SP500 · GRASS · ARIA · APT · MRVL · ATOM · DASH · GRAM · LONGXIA · and 747 more

Questions

Is Kalshi or Bitget cheaper to trade?

Opening and closing $10,000 of BTC with market orders costs $10.30 on Kalshi and $12.01 on Bitget right now, taker fee and order-book slippage together, so Kalshi is cheaper. Taker fees: 0.04% and 0.06%.

Which has more markets, Kalshi or Bitget?

Kalshi lists 71 active markets and Bitget 933; 77 assets trade on both, 58 of them stocks, commodities or other real-world assets.

Does Kalshi or Bitget require KYC?

Kalshi: A US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade. Bitget: KYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.

Can you arbitrage funding between Kalshi and Bitget?

Yes: 4 of the assets on both paid more in funding over the last 7 days than a $10k round trip on both costs. The best was LINK, long on Bitget and short on Kalshi, with $124 left after costs.

Which is bigger, Kalshi or Bitget?

24-hour volume: Kalshi $1.35B, Bitget $11.37B. Open interest as each reports it: $87.4M and $8.10B.

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