Bluefin vs Deribit
Deribit traded 13399× Bluefin's 24-hour volume ($12.68B vs $947K) and holds 1786× its open interest.
Head to head
the arrow points to the better figure| Bluefin | Deribit | |
|---|---|---|
| Trading | ||
| $13.98 | BTC trade, $10k▶ | $7.06 |
| — | BTC trade, $1M | $1,461 |
| $158K | BTC book depth▶ | $46.5M |
| 0.035%/0.010% | Taker / maker≈ | 0.035%/0.015% |
| 40x | Max leverage▶ | 50x |
| Size | ||
| $947K | Volume 24h▶ | $12.68B |
| $827K | Volume, 7-day average▶ | $9.13B |
| $746K | Open interest▶ | $1.33B |
| $1.5M | TVL | — |
| Markets | ||
| 8 | Markets▶ | 144 |
| 1 | Stocks & RWA▶ | 42 |
| 1h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0132% |
| +2.207% | BTC longs paid, 30d | +0.745% |
| Access | ||
| No ID | ◀KYC | Required |
| $BLUE | Token | none yet |
| — | Airdrop | — |
Cost to trade BTC
| Size | Bluefin | Deribit |
|---|---|---|
| $1k | $1.3613.6 bp | $0.717.1 bp |
| $10k | $13.9814.0 bp | $7.067.1 bp |
| $100k | $24524.5 bp | $78.347.8 bp |
| $1M | — | $1,46114.6 bp |
| $5M | — | $15,57631.2 bp |
BTC funding per day
pair pageSize
daily, last 90 daysVolume by asset class
last 90 daysOn both: 6
funding /8h · Net 7d at $10k| Asset | Bluefin | Deribit | Spread | Net 7d |
|---|---|---|---|---|
| SUI | +0.0100% | 0.0000% | +0.0100% | −$59 |
| HYPE | +0.2283% | +0.0051% | +0.2232% | −$18 |
| BTC | +0.0100% | +0.0196% | +0.0096% | −$31 |
| SOL | +0.0100% | 0.0000% | — | — |
| ETH | −0.0090% | 0.0000% | — | — |
Only on Deribit: 136
EURC · PAXG · XRP · SOXL · ZEC · QQQ · NEAR · AVAX · XAG · LINK · UNI · SPY · CRCL · DOGE · TRX · GOOGL · BNB · ANTHROPIC · ADA · LTC · XLM · SPCX · MSTR · AAVE · MU · BE · ENA · DOT · BCH · INTC · CL · WLD · AERO · NVDA · MSFT · LITE · HBAR · BZ · SNDK · OPENAI · CRV · WIF · CBRS · ONDO · INJ · KORU · AAPL · TSLA · EWY · AMZN · ARB · NBIS · DRAM · META · TRUMP · PUMP · RENDER · TAO · COIN50 · SOXS · and 76 more
Questions
Is Bluefin or Deribit cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $13.98 on Bluefin and $7.06 on Deribit right now, taker fee and order-book slippage together, so Deribit is cheaper. Taker fees: 0.035% and 0.035%.
Which has more markets, Bluefin or Deribit?
Bluefin lists 8 active markets and Deribit 144; 6 assets trade on both, 1 of them stocks, commodities or other real-world assets.
Does Bluefin or Deribit require KYC?
Bluefin: No ID (deposit addresses are sanctions-screened); not for the US, Canada, retail UK or sanctioned countries. Deribit: ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.
Can you arbitrage funding between Bluefin and Deribit?
Not profitably right now: none of the 6 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Bluefin or Deribit?
24-hour volume: Bluefin $947K, Deribit $12.68B. Open interest as each reports it: $746K and $1.33B. TVL: $1.5M and none published.