Head to head
the arrow points to the better figure| Extended | Deribit | |
|---|---|---|
| Trading | ||
| $7.02 | BTC trade, $10k≈ | $7.06 |
| $884 | ◀BTC trade, $1M | $1,082 |
| $10.6M | BTC book depth▶ | $52.1M |
| 0.025%/0.000% | ◀Taker / maker | 0.035%/0.015% |
| 100x | ◀Max leverage | 50x |
| Size | ||
| $491.9M | Volume 24h▶ | $3.01B |
| $427.8M | Volume, 7-day average▶ | $2.02B |
| $202.7Mlongs + shorts | Open interest | $1.36Bone side |
| $119.2M | TVL | — |
| Markets | ||
| 307 | ◀Markets | 136 |
| 130 | ◀Stocks & RWA | 36 |
| 1h | Funding paid every | 1h |
| +0.0032% | BTC funding /8h | +0.0028% |
| +0.688% | BTC longs paid, 30d | +0.383% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| Active | Airdrop | — |
Cost to trade BTC
| Size | Extended | Deribit |
|---|---|---|
| $1k | $0.686.8 bp | $0.717.1 bp |
| $10k | $7.027.0 bp | $7.067.1 bp |
| $100k | $77.127.7 bp | $76.497.6 bp |
| $1M | $8848.8 bp | $1,08210.8 bp |
| $5M | $10,63921.3 bp | $9,22618.5 bp |
BTC funding per day
pair pageSize
daily, last yearVolume by asset class
last yearOn both: 119
funding /8h · Net 7d at $10k| Asset | Extended | Deribit | Spread | Net 7d |
|---|---|---|---|---|
| XAU | +0.0112% | +0.0232% | +0.0120% | −$14 |
| XAG | +0.0032% | +0.0406% | +0.0374% | +$13 |
| SPCX | −0.0088% | −0.0434% | +0.0346% | −$11 |
| MU | +0.0032% | +0.0098% | +0.0066% | −$24 |
| NVDA | +0.0032% | 0.0000% | +0.0032% | −$34 |
| TSLA | 0.0000% | 0.0000% | 0.0000% | −$8 |
| SNDK | +0.0352% | +0.1074% | +0.0722% | −$28 |
| AMZN | +0.0120% | +0.0222% | +0.0102% | −$22 |
| META | 0.0000% | +0.0088% | +0.0088% | −$1 |
| CRCL | 0.0000% | +0.0454% | +0.0454% | −$100 |
| MSFT | 0.0000% | 0.0000% | 0.0000% | −$9 |
| MSTR | +0.0032% | +0.0289% | +0.0257% | −$36 |
| GOOGL | +0.0232% | 0.0000% | +0.0232% | −$46 |
| AAPL | 0.0000% | 0.0000% | 0.0000% | −$4 |
| BZ | −0.0624% | −0.0054% | +0.0570% | −$59 |
| CL | +0.0032% | 0.0000% | +0.0032% | +$6 |
| AMD | 0.0000% | +0.0027% | +0.0027% | −$8 |
| HOOD | +0.0112% | 0.0000% | +0.0112% | −$38 |
| INTC | +0.0144% | −0.0450% | +0.0594% | −$68 |
| DRAM | +0.0096% | 0.0000% | +0.0096% | −$54 |
Only on Extended: 207
EUR · SP500 · SKHYNIX · XMR · NAS100 · ZRO · GRAM · COPPER · NATGAS · XAUT · SHOP · USDJPY · PLTR · CASHCAT · GRASS · STX · UNITREE · USELESS · ORCL · COIN · PURR · CRWD · GRVT · DELL · TTWO · MARSCOIN · XPT · KAITO · PONS · CHZ · QCOM · TXN · KSM · AKT · AZTEC · ADI · QNT · SAMSUNG · JP225 · AR · SPX · TER · AMAT · AMGN · POPCAT · BTW · SAND · ORCA · H · COHR · CFG · TMUS · BABA · PIEVERSE · NOK · IBM · NFLX · ASTS · CRWV · KITE · and 147 more
Questions
Is Extended or Deribit cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $7.02 on Extended and $7.06 on Deribit right now, taker fee and order-book slippage together: about the same. 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: 11 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 $50 left after costs.
Which is bigger, Extended or Deribit?
24-hour volume: Extended $491.9M, Deribit $3.01B. Open interest as each reports it: $202.7M and $1.36B. 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: $119.2M and none published.