Head to head
the arrow points to the better figure| Extended | Deribit | |
|---|---|---|
| Trading | ||
| $6.20 | ◀BTC trade, $10k | $7.18 |
| $770 | ◀BTC trade, $1M | $1,159 |
| $11.3M | BTC book depth▶ | $49.5M |
| 0.025%/0.000% | ◀Taker / maker | 0.035%/0.015% |
| 100x | ◀Max leverage | 50x |
| Size | ||
| $586.7M | Volume 24h▶ | $6.47B |
| $426.0M | Volume, 7-day average▶ | $2.34B |
| $195.4Mlongs + shorts | Open interest | $1.41Bone side |
| $119.1M | TVL | — |
| Markets | ||
| 307 | ◀Markets | 136 |
| 130 | ◀Stocks & RWA | 36 |
| 1h | Funding paid every | 1h |
| +0.0104% | BTC funding /8h | +0.0003% |
| +0.673% | BTC longs paid, 30d | +0.404% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| Active | Airdrop | — |
Cost to trade BTC
| Size | Extended | Deribit |
|---|---|---|
| $1k | $0.626.2 bp | $0.717.1 bp |
| $10k | $6.206.2 bp | $7.187.2 bp |
| $100k | $62.606.3 bp | $75.687.6 bp |
| $1M | $7707.7 bp | $1,15911.6 bp |
| $5M | $9,62319.2 bp | $10,57321.1 bp |
LIT funding per day
pair pageSize
daily, last 90 daysVolume by asset class
last 90 daysOn both: 119
funding /8h · Net 7d at $10k| Asset | Extended | Deribit | Spread | Net 7d |
|---|---|---|---|---|
| XAU | +0.0032% | +0.0554% | +0.0522% | −$12 |
| XAG | +0.0032% | 0.0000% | +0.0032% | −$40 |
| BZ | −0.4416% | −0.4514% | +0.0098% | +$10 |
| MU | +0.0032% | 0.0000% | +0.0032% | −$23 |
| SPCX | 0.0000% | +0.0168% | +0.0168% | −$40 |
| META | +0.0008% | 0.0000% | +0.0008% | −$46 |
| AMZN | +0.0024% | 0.0000% | +0.0024% | −$32 |
| MSFT | 0.0000% | 0.0000% | 0.0000% | −$11 |
| TSLA | 0.0000% | 0.0000% | 0.0000% | −$5 |
| CRCL | +0.0160% | +0.0866% | +0.0706% | −$78 |
| NVDA | +0.0032% | 0.0000% | +0.0032% | −$41 |
| SNDK | +0.0032% | +0.0230% | +0.0198% | −$23 |
| AAPL | 0.0000% | 0.0000% | 0.0000% | −$5 |
| MSTR | +0.0168% | −0.0010% | +0.0178% | −$8 |
| GOOGL | +0.0064% | −0.0007% | +0.0071% | −$40 |
| AMD | 0.0000% | 0.0000% | 0.0000% | −$5 |
| HOOD | +0.0168% | +0.0115% | +0.0053% | −$29 |
| INTC | +0.0040% | −0.0281% | +0.0321% | −$52 |
| DRAM | 0.0000% | +0.0250% | +0.0250% | −$1 |
| CL | −0.1384% | −0.1662% | +0.0278% | +$18 |
Only on Extended: 207
EUR · SP500 · XMR · SKHYNIX · NAS100 · COPPER · NATGAS · ZRO · GRAM · XAUT · SHOP · USDJPY · PLTR · STX · UNITREE · PURR · GRASS · ORCL · COIN · XPT · USELESS · GRVT · TTWO · DELL · KAITO · PONS · CASHCAT · QCOM · SAMSUNG · TXN · KSM · AZTEC · ORCA · ADI · SAND · AMGN · JP225 · AMAT · BTW · SPX · TER · ASTS · POPCAT · AR · PIEVERSE · BABA · COHR · CFG · NOK · CRWV · KITE · IBM · MARSCOIN · BKNG · AXS · MRNA · ZEN · SNPS · PARTI · BMNR · and 147 more
Questions
Is Extended or Deribit cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $6.20 on Extended and $7.18 on Deribit right now, taker fee and order-book slippage together, so Extended is cheaper. Taker fees: 0.025% and 0.035%.
Which has more markets, Extended or Deribit?
Extended lists 307 active markets and Deribit 136; 119 assets trade on both, 34 of them stocks, commodities or other real-world assets.
Does Extended or Deribit require KYC?
Extended: No ID (only transaction screening and third-party on-ramps); not for the US, UK, Canada, Hong Kong, Russia 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 Extended and Deribit?
Yes: 10 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 HBAR, long on Extended and short on Deribit, with $48 left after costs.
Which is bigger, Extended or Deribit?
24-hour volume: Extended $586.7M, Deribit $6.47B. Open interest as each reports it: $195.4M and $1.41B. Extended reports open interest as longs plus shorts, both sides of every position; Deribit reports one side. For the same positions Extended's figure reads about twice as large. TVL: $119.1M and none published.