Deribit vs Coinbase International

Deribit vs Coinbase International: which to use

Deribit vs Coinbase International is two centralized exchanges with the same build: an account holds your funds and orders match on a central limit order book. Deribit charges 1.5 bp maker and 3.5 bp taker, against 2 bp and 4 bp on Coinbase International. As of 1 October 2026, Deribit lists 134 perp markets and Coinbase International 131, each with 34 real-world assets, both up to 50x with hourly funding. Fees, KYC rules and region limits decide it. Deribit is closed to the US, Canada, Japan and retail UK clients. Coinbase International perps are for eligible non-US countries.

How both exchanges are built

Deribit and Coinbase International 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 you, that means a public book to trade against and an exchange account rather than a self-custody wallet.

Fees and what they mean

Deribit's base tier is 1.5 bp maker and 3.5 bp taker, read from Deribit's API. Coinbase International's base tier is 2 bp maker and 4 bp taker, per Coinbase International's fee page.

A market order pays the taker fee to open and again to close: 7 bp per round trip on Deribit, 8 bp on Coinbase International. A limit order that rests on the book pays the maker fee instead, 1.5 bp on Deribit and 2 bp on Coinbase International. Each rate is 0.5 bp lower on Deribit, at both the maker and the taker side.

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

Markets, leverage and funding

As of 1 October 2026 Deribit lists 134 active perps and Coinbase International lists 131. On each, 34 are stocks, commodities, FX or other real-world assets. Deribit therefore has three more crypto markets, and the real-world asset count is the same.

Both offer up to 50x on their highest-leverage market; most markets allow less. Both pay funding every hour on every market. An hourly interval settles 24 times a day, so a position held overnight pays or receives funding at every hour. Because the intervals match, you do not need to adjust for different schedules when you hold the same coin on both. The list further down this page shows the markets both exchanges have and each one's funding rate.

Who can use them

Both require KYC. 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. Coinbase International asks for ID and a suitability check. Its perps are for eligible non-US countries, not for US or UK retail.

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 TVL row and chart have no figure for either. Volume, open interest and trading cost change every minute, so read them from the Head to head table and the charts above rather than from this text.

For funding, the funding matrix shows every asset on every exchange. If you want to trade a Deribit vs Coinbase International spread, the list further down this page shows the funding the pair paid over the last 7 days minus a round trip at your position size.

Which one fits you

• Pick Deribit if you trade with market orders: 3.5 bp taker against 4 bp.
• Pick Deribit if you post limit orders: 1.5 bp maker against 2 bp.
• Pick Deribit if you want more crypto markets: 134 active perps against 131, with the same 34 real-world assets.