Head to head
the arrow points to the better figure| Paradex | Deribit | |
|---|---|---|
| Trading | ||
| $5.92 | ◀BTC trade, $10k | $7.06 |
| — | BTC trade, $1M | $1,461 |
| $699K | BTC book depth▶ | $46.5M |
| 0.020%/0.000% | ◀Taker / maker | 0.035%/0.015% |
| 50x | Max leverage≈ | 50x |
| Size | ||
| $11.1M | Volume 24h▶ | $12.68B |
| $8.7M | Volume, 7-day average▶ | $9.13B |
| $24.0Mlongs + shorts | Open interest | $1.33Bone side |
| $21.6M | TVL | — |
| Markets | ||
| 62 | Markets▶ | 144 |
| 23 | Stocks & RWA▶ | 42 |
| 8h | Funding paid every | 1h |
| +0.0097% | BTC funding /8h | +0.0132% |
| +0.706% | BTC longs paid, 30d | +0.745% |
| Access | ||
| No ID | ◀KYC | Required |
| $DIME | Token | none yet |
| Active | Airdrop | — |
Cost to trade BTC
| Size | Paradex | Deribit |
|---|---|---|
| $1k | $0.595.9 bp | $0.717.1 bp |
| $10k | $5.925.9 bp | $7.067.1 bp |
| $100k | $59.205.9 bp | $78.347.8 bp |
| $1M | — | $1,46114.6 bp |
| $5M | — | $15,57631.2 bp |
BTC funding per day
pair pageSize
daily, last 90 daysVolume by asset class
last 90 daysOn both: 57
funding /8h · Net 7d at $10k| Asset | Paradex | Deribit | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0097% | +0.0196% | +0.0099% | −$20 |
| ETH | +0.0051% | 0.0000% | +0.0051% | −$17 |
| SOL | −0.0009% | 0.0000% | +0.0009% | −$148 |
| ZEC | +0.0095% | 0.0000% | +0.0095% | −$231 |
| HYPE | +0.0093% | +0.0051% | +0.0042% | −$396 |
| PAXG | +0.0100% | +0.0449% | +0.0349% | −$30 |
| STRK | +0.0035% | 0.0000% | +0.0034% | −$980 |
| BNB | +0.0099% | +0.0200% | +0.0101% | — |
| XPL | +0.0070% | +0.0089% | +0.0019% | — |
| NEAR | +0.0072% | +0.0230% | — | — |
| UNI | +0.0083% | 0.0000% | — | — |
| LINK | +0.0039% | 0.0000% | — | — |
| LTC | +0.0049% | 0.0000% | — | — |
| PENDLE | +0.0096% | 0.0000% | — | — |
| ENA | +0.0088% | +0.0115% | — | — |
| ADA | +0.0028% | 0.0000% | — | — |
| PUMP | +0.0093% | +0.0001% | — | — |
| LIT | −0.0005% | 0.0000% | — | — |
| DOGE | +0.0046% | 0.0000% | — | — |
| AAVE | +0.0023% | 0.0000% | — | — |
Only on Deribit: 85
EURC · SOXL · QQQ · SPY · ANTHROPIC · XLM · BE · DOT · BCH · WLD · LITE · HBAR · OPENAI · CRV · WIF · CBRS · INJ · KORU · AAPL · AMZN · ARB · NBIS · RENDER · COIN50 · SOXS · FARTCOIN · SNXX · SKHY · FIL · TSM · ATOM · AMD · ORCL · FET · ASTER · PENGU · ALGO · HOOD · DELL · VIRTUAL · POL · APT · PLTR · TIA · ARM · APE · AVGO · MERL · DASH · CRWV · PNUT · BILL · S · ICP · DYDX · ETC · OP · PONS · BERA · INX · and 25 more
Questions
Is Paradex or Deribit cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $5.92 on Paradex and $7.06 on Deribit right now, taker fee and order-book slippage together, so Paradex is cheaper. Taker fees: 0.02% and 0.035%.
Which has more markets, Paradex or Deribit?
Paradex lists 62 active markets and Deribit 144; 57 assets trade on both, 18 of them stocks, commodities or other real-world assets.
Does Paradex or Deribit require KYC?
Paradex: No ID; not for US or Canadian persons or sanctioned regions, and a VPN around the block is forbidden. 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 Paradex and Deribit?
Not profitably right now: none of the 57 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Paradex or Deribit?
24-hour volume: Paradex $11.1M, Deribit $12.68B. Open interest as each reports it: $24.0M and $1.33B. Paradex reports open interest as longs plus shorts, both sides of every position; Deribit reports one side. For the same positions Paradex's figure reads about twice as large. TVL: $21.6M and none published.