Head to head
the arrow points to the better figure| Bullet | Deribit | |
|---|---|---|
| Trading | ||
| $3.14 | ◀BTC trade, $10k | $7.06 |
| $19,881 | BTC trade, $1M▶ | $1,461 |
| $1.6M | BTC book depth▶ | $46.5M |
| 0.000%/0.000% | ◀Taker / maker | 0.035%/0.015% |
| 20x | Max leverage▶ | 50x |
| Size | ||
| $14.8M | Volume 24h▶ | $12.68B |
| $28.0M | Volume, 7-day average▶ | $9.13B |
| $4.2Mlongs + shorts | Open interest | $1.33Bone side |
| — | TVL | — |
| Markets | ||
| 30 | Markets▶ | 144 |
| 14 | Stocks & RWA▶ | 42 |
| 1h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0132% |
| +0.392% | BTC longs paid, 30d | +0.745% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| Active | Airdrop | — |
Cost to trade BTC
| Size | Bullet | Deribit |
|---|---|---|
| $1k | $0.121.2 bp | $0.717.1 bp |
| $10k | $3.143.1 bp | $7.067.1 bp |
| $100k | $71.377.1 bp | $78.347.8 bp |
| $1M | $19,881198.8 bp | $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: 24
funding /8h · Net 7d at $10k| Asset | Bullet | Deribit | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0196% | +0.0096% | −$18 |
| SOL | −0.0142% | 0.0000% | +0.0142% | −$1 |
| ETH | +0.0053% | 0.0000% | +0.0053% | −$13 |
| HYPE | +0.0100% | +0.0051% | +0.0049% | −$34 |
| LIT | −0.0791% | 0.0000% | +0.0791% | −$174 |
| ZEC | +0.0100% | 0.0000% | +0.0100% | −$16 |
| NEAR | +0.0100% | +0.0230% | +0.0130% | −$24 |
| XRP | +0.0100% | +0.0102% | +0.0002% | −$32 |
| UNI | +0.0100% | 0.0000% | +0.0100% | — |
| DOGE | +0.0100% | 0.0000% | +0.0100% | −$2 |
| PUMP | +0.0098% | +0.0001% | +0.0097% | — |
| ONDO | +0.0011% | −0.0282% | — | — |
| TAO | +0.0100% | 0.0000% | — | — |
| TIA | −0.0451% | +0.0228% | — | — |
| ENA | +0.0100% | +0.0115% | +0.0015% | — |
Only on Deribit: 118
EURC · PAXG · SOXL · QQQ · AVAX · LINK · SPY · CRCL · TRX · GOOGL · BNB · ANTHROPIC · SUI · ADA · LTC · XLM · MSTR · AAVE · BE · DOT · BCH · INTC · WLD · AERO · MSFT · LITE · HBAR · OPENAI · CRV · WIF · CBRS · INJ · KORU · AAPL · EWY · AMZN · ARB · NBIS · DRAM · META · TRUMP · RENDER · COIN50 · SOXS · FARTCOIN · SNXX · SKHY · FIL · ETHFI · TSM · MRVL · ATOM · AMD · ORCL · FET · PEPE · ASTER · PENGU · MON · WLFI · and 58 more
Questions
Is Bullet or Deribit cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $3.14 on Bullet and $7.06 on Deribit right now, taker fee and order-book slippage together, so Bullet is cheaper. Taker fees: 0% and 0.035%.
Which has more markets, Bullet or Deribit?
Bullet lists 30 active markets and Deribit 144; 24 assets trade on both, 9 of them stocks, commodities or other real-world assets.
Does Bullet or Deribit require KYC?
Bullet: No ID (the terms keep a right to ask); not for US or Singapore residents 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 Bullet and Deribit?
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 MU, long on Deribit and short on Bullet, with $105 left after costs.
Which is bigger, Bullet or Deribit?
24-hour volume: Bullet $14.8M, Deribit $12.68B. Open interest as each reports it: $4.2M and $1.33B. Bullet reports open interest as longs plus shorts, both sides of every position; Deribit reports one side. For the same positions Bullet's figure reads about twice as large.