Head to head
the arrow points to the better figure| Entropy | Deribit | |
|---|---|---|
| Trading | ||
| — | BTC trade, $10k | $7.06 |
| — | BTC trade, $1M | $1,461 |
| — | BTC book depth | $46.5M |
| 0.009%/0.003% | ◀Taker / maker | 0.035%/0.015% |
| 25x | Max leverage▶ | 50x |
| Size | ||
| $113.1M | Volume 24h▶ | $12.68B |
| $59.9M | Volume, 7-day average▶ | $9.13B |
| $155.7Mlongs + shorts | Open interest | $1.33Bone side |
| — | TVL | — |
| Markets | ||
| 14 | Markets▶ | 144 |
| 12 | Stocks & RWA▶ | 42 |
| 1h | Funding paid every | 1h |
| — | BTC funding /8h | +0.0132% |
| — | BTC longs paid, 30d | +0.745% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| — | Airdrop | — |
Size
daily, since Aug 19Volume by asset class
last 90 daysOn both: 9
funding /8h · Net 7d at $10kOnly on Deribit: 133
BTC · ETH · SOL · EURC · HYPE · PAXG · XRP · XAU · SOXL · ZEC · QQQ · NEAR · AVAX · XAG · LINK · UNI · SPY · DOGE · TRX · GOOGL · BNB · SUI · ADA · LTC · XLM · SPCX · MSTR · AAVE · MU · BE · ENA · DOT · BCH · INTC · CL · WLD · AERO · MSFT · LITE · HBAR · BZ · CRV · WIF · CBRS · ONDO · INJ · KORU · TSLA · AMZN · ARB · META · TRUMP · PUMP · RENDER · TAO · COIN50 · SOXS · FARTCOIN · SNXX · SKHY · and 73 more
Questions
Which has more markets, Entropy or Deribit?
Entropy lists 14 active markets and Deribit 144; 9 assets trade on both, 9 of them stocks, commodities or other real-world assets.
Does Entropy or Deribit require KYC?
Entropy: No ID, but a wide block: the US, Canada, the UK, Australia, Singapore, Russia, Ukraine and most EU countries (not DE, FR, NL, IE). 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 Entropy and Deribit?
Not profitably right now: none of the 9 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Entropy or Deribit?
24-hour volume: Entropy $113.1M, Deribit $12.68B. Open interest as each reports it: $155.7M and $1.33B. Entropy reports open interest as longs plus shorts, both sides of every position; Deribit reports one side. For the same positions Entropy's figure reads about twice as large.