Head to head
the arrow points to the better figure| Extended | Deribit | |
|---|---|---|
| Trading | ||
| $5.12 | ◀BTC trade, $10k | $7.06 |
| $755 | ◀BTC trade, $1M | $1,170 |
| $12.4M | BTC book depth▶ | $49.3M |
| 0.025%/0.000% | ◀Taker / maker | 0.035%/0.015% |
| 100x | ◀Max leverage | 50x |
| Size | ||
| $578.6M | Volume 24h▶ | $6.27B |
| $426.0M | Volume, 7-day average▶ | $2.34B |
| $193.3Mlongs + shorts | Open interest | $1.40Bone side |
| $119.1M | TVL | — |
| Markets | ||
| 307 | ◀Markets | 136 |
| 130 | ◀Stocks & RWA | 36 |
| 1h | Funding paid every | 1h |
| +0.0104% | BTC funding /8h | +0.0040% |
| +0.673% | BTC longs paid, 30d | +0.403% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| Active | Airdrop | — |
Cost to trade BTC
| Size | Extended | Deribit |
|---|---|---|
| $1k | $0.515.1 bp | $0.717.1 bp |
| $10k | $5.125.1 bp | $7.067.1 bp |
| $100k | $59.676.0 bp | $75.367.5 bp |
| $1M | $7557.6 bp | $1,17011.7 bp |
| $5M | $8,84317.7 bp | $11,56023.1 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% | +0.0334% | +0.0302% | −$13 |
| XAG | +0.0056% | +0.0251% | +0.0194% | +$6 |
| BZ | −0.2872% | −0.1843% | +0.1029% | −$54 |
| SPCX | 0.0000% | 0.0000% | 0.0000% | −$44 |
| META | 0.0000% | 0.0000% | 0.0000% | +$3 |
| MU | +0.0032% | −0.0056% | +0.0088% | −$24 |
| CRCL | +0.0088% | +0.0492% | +0.0404% | −$80 |
| TSLA | 0.0000% | +0.0043% | +0.0043% | −$2 |
| NVDA | +0.0032% | +0.0129% | +0.0097% | −$16 |
| AMZN | +0.0040% | 0.0000% | +0.0040% | −$30 |
| MSFT | 0.0000% | +0.0015% | +0.0015% | −$9 |
| SNDK | +0.0032% | −0.0366% | +0.0398% | −$35 |
| GOOGL | 0.0000% | −0.0068% | +0.0068% | −$44 |
| AAPL | 0.0000% | +0.0019% | +0.0019% | −$7 |
| AMD | 0.0000% | +0.0107% | +0.0107% | −$7 |
| MSTR | +0.0032% | +0.0263% | +0.0231% | −$43 |
| HOOD | +0.0072% | +0.0025% | +0.0047% | −$29 |
| INTC | +0.0120% | −0.0279% | +0.0399% | −$59 |
| CL | −0.0584% | −0.1220% | +0.0636% | +$18 |
| DRAM | +0.0024% | 0.0000% | +0.0024% | −$43 |
Only on Extended: 207
EUR · SP500 · SKHYNIX · XMR · NAS100 · NATGAS · COPPER · ZRO · GRAM · XAUT · SHOP · USDJPY · PLTR · STX · PURR · UNITREE · GRASS · ORCL · COIN · USELESS · CRWD · GRVT · TTWO · DELL · PONS · KAITO · CASHCAT · XPT · QCOM · SAND · TXN · KSM · AZTEC · SAMSUNG · ORCA · ADI · AMGN · JP225 · AMAT · AR · BTW · SPX · TER · POPCAT · ASTS · PIEVERSE · COHR · TMUS · BABA · NFLX · CFG · NOK · IBM · KITE · CRWV · MARSCOIN · BKNG · ZEN · AXS · PARTI · and 147 more
Questions
Is Extended or Deribit cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $5.12 on Extended and $7.06 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 $52 left after costs.
Which is bigger, Extended or Deribit?
24-hour volume: Extended $578.6M, Deribit $6.27B. Open interest as each reports it: $193.3M and $1.40B. 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.