Head to head
the arrow points to the better figure| Nado | Deribit | |
|---|---|---|
| Trading | ||
| $7.13 | BTC trade, $10k≈ | $7.06 |
| $937 | ◀BTC trade, $1M | $1,461 |
| $6.8M | BTC book depth▶ | $46.5M |
| 0.035%/0.010% | Taker / maker≈ | 0.035%/0.015% |
| 50x | Max leverage≈ | 50x |
| Size | ||
| $401.1M | Volume 24h▶ | $12.65B |
| $380.3M | Volume, 7-day average▶ | $9.13B |
| $77.7Mlongs + shorts | Open interest | $1.33Bone side |
| $53.8M | TVL | — |
| Markets | ||
| 73 | Markets▶ | 144 |
| 30 | Stocks & RWA▶ | 42 |
| 1h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0077% |
| +0.602% | BTC longs paid, 30d | +0.745% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| Active | Airdrop | — |
Cost to trade BTC
| Size | Nado | Deribit |
|---|---|---|
| $1k | $0.717.1 bp | $0.717.1 bp |
| $10k | $7.137.1 bp | $7.067.1 bp |
| $100k | $71.327.1 bp | $78.347.8 bp |
| $1M | $9379.4 bp | $1,46114.6 bp |
| $5M | $11,12822.3 bp | $15,57631.2 bp |
BTC funding per day
pair pageSize
daily, last 90 daysVolume by asset class
last 90 daysOn both: 62
funding /8h · Net 7d at $10k| Asset | Nado | Deribit | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0017% | +0.0077% | −$5 |
| ETH | +0.0070% | 0.0000% | +0.0054% | −$18 |
| HYPE | +0.0100% | +0.0013% | +0.0098% | −$40 |
| SOL | −0.0119% | 0.0000% | +0.0131% | −$3 |
| ZEC | +0.0100% | 0.0000% | +0.0100% | −$19 |
| NEAR | −0.0046% | +0.0287% | +0.0104% | −$28 |
| XRP | +0.0100% | +0.0006% | +0.0085% | −$6 |
| BNB | +0.0100% | +0.0200% | +0.0100% | −$28 |
| AAVE | +0.0032% | 0.0000% | +0.0117% | −$21 |
| SUI | +0.0031% | 0.0000% | +0.0013% | −$21 |
| BCH | −0.0235% | 0.0000% | +0.0170% | −$34 |
| UNI | −0.0108% | +0.0015% | +0.0094% | −$59 |
| ENA | +0.0100% | +0.0055% | +0.0100% | −$20 |
| PUMP | +0.0040% | +0.0255% | +0.0066% | −$54 |
| LINK | −0.0227% | 0.0000% | +0.0234% | −$18 |
| DOGE | +0.0006% | 0.0000% | +0.0031% | −$15 |
| TAO | −0.0310% | 0.0000% | +0.0182% | −$33 |
| FARTCOIN | −0.0030% | +0.0368% | +0.0383% | +$29 |
| AVAX | −0.0027% | +0.0235% | +0.0258% | −$30 |
| ONDO | +0.0100% | −0.0285% | +0.0386% | −$36 |
Only on Deribit: 80
EURC · PAXG · XAU · SOXL · TRX · ADA · XLM · BE · DOT · AERO · LITE · HBAR · BZ · OPENAI · CRV · WIF · CBRS · INJ · KORU · EWY · ARB · DRAM · TRUMP · RENDER · SOXS · COIN50 · SNXX · FIL · ETHFI · ATOM · TSM · FET · ALGO · PENDLE · HOOD · VIRTUAL · POL · APT · PLTR · TIA · ARM · APE · LDO · MERL · DASH · CRWV · SHIB · STRK · JTO · PNUT · BILL · PYTH · S · ICP · DYDX · ETC · OP · MORPHO · BERA · INX · and 20 more
Questions
Is Nado or Deribit cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $7.13 on Nado and $7.06 on Deribit right now, taker fee and order-book slippage together: about the same. Taker fees: 0.035% and 0.035%.
Which has more markets, Nado or Deribit?
Nado lists 73 active markets and Deribit 144; 62 assets trade on both, 25 of them stocks, commodities or other real-world assets.
Does Nado or Deribit require KYC?
Nado: No ID (card deposits through a third-party on-ramp may ask); the US and Canada are view-only, sanctioned countries blocked. 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 Nado and Deribit?
Yes: 4 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 SPY, long on Nado and short on Deribit, with $38 left after costs.
Which is bigger, Nado or Deribit?
24-hour volume: Nado $401.1M, Deribit $12.65B. Open interest as each reports it: $77.7M and $1.33B. Nado reports open interest as longs plus shorts, both sides of every position; Deribit reports one side. For the same positions Nado's figure reads about twice as large. TVL: $53.8M and none published.