Deribit vs BloFin

Deribit or BloFin: which to use

Deribit vs BloFin is a choice between two centralized exchanges that both match on an order book. Deribit has lower base fees, 1.5 bp maker and 3.5 bp taker, and requires ID, proof of address and a financial profile before any deposit. BloFin charges 2 bp maker and 6 bp taker, lets you trade futures without ID, and offers up to 150x on 495 perp markets, against Deribit's 50x on 134. Fees and access decide it for most traders: pick Deribit for the lower rates, and BloFin for more markets, higher leverage and trading before verification.

How each exchange is built

Deribit is a centralized exchange (CEX): you open an account with the company, and the account holds your funds. It matches orders on a central limit order book. BloFin is built the same way, with an account that holds your funds and a central limit order book. For the trader the build is the same on both, so the differences sit in fees, markets, leverage and access.

What each exchange charges

Deribit's base tier is 1.5 bp maker and 3.5 bp taker, read from Deribit's API. It has no fee page to link. BloFin's base tier is 2 bp maker and 6 bp taker, per BloFin's fee page.

A market order pays the taker fee to open and again to close: 7 bp per round trip on Deribit and 12 bp on BloFin. A limit order that rests on the book pays the maker fee instead, 1.5 bp on Deribit and 2 bp on BloFin. The round trip in the cost table above also includes slippage, the price you move by eating through the order book. The fee alone does not show it, and it grows with size. Every exchange's trading cost is compared on one page.

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

As of 1 October 2026 Deribit has 134 active perpetual markets, 34 of them stocks, commodities, FX or other real-world assets. BloFin has 495, 115 of them real-world assets. BloFin therefore lists more markets in both groups.

Deribit offers up to 50x on its highest-leverage market and BloFin up to 150x. Most markets on both allow less. Deribit pays funding every hour on every market. BloFin pays every 1 hour, 4 hours or 8 hours depending on the market, so check a market's interval before you hold it. An hourly market settles 24 times a day, an 8-hour market three times. Funding is the periodic payment between longs and shorts, and a positive rate means longs pay shorts. The list further down this page shows the markets both exchanges have and each one's funding rate.

What each exchange asks before you trade

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

BloFin limits you without ID. Trading starts without ID, inside limits that verification lifts. You can trade futures without ID, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.

Reading 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. Neither exchange publishes TVL, as is usual for a centralized exchange, so the page has no TVL row or chart for either.

The head to head table highlights the better figure of each row, and the funding arbitrage ranking shows what the pair paid over 7 days on assets both list. Today's volume, depth and funding are in the table and charts above, and this article does not repeat them.

Which one fits you

• Pick Deribit if you trade mostly with market orders: 3.5 bp taker against 6 bp.
• Pick Deribit if you rest limit orders and want the lower maker rate, 1.5 bp against 2 bp.
• Pick Deribit if you want every market on an hourly funding schedule.
• Pick BloFin if you want more markets: 495 against 134, with 115 real-world assets against 34.
• Pick BloFin if you need more than 50x, up to 150x on its highest-leverage market.
• Pick BloFin if you want to start trading futures without ID, with withdrawals up to 20,000 USDT a day until you verify.