Polymarket Perps vs Deribit
Deribit traded 91× Polymarket Perps's 24-hour volume ($12.65B vs $139.6M) and holds 12× its open interest.
Head to head
the arrow points to the better figure| Polymarket Perps | Deribit | |
|---|---|---|
| Trading | ||
| $14.02 | BTC trade, $10k▶ | $7.06 |
| $2,384 | BTC trade, $1M▶ | $1,461 |
| $2.4M | BTC book depth▶ | $46.5M |
| 0.040%/0.013% | Taker / maker▶ | 0.035%/0.015% |
| 50x | Max leverage≈ | 50x |
| Size | ||
| $139.6M | Volume 24h▶ | $12.65B |
| $76.6M | Volume, 7-day average▶ | $9.13B |
| $108.6M | Open interest▶ | $1.33B |
| — | TVL | — |
| Markets | ||
| 90 | Markets▶ | 144 |
| 49 | ◀Stocks & RWA | 42 |
| 1h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0048% |
| +0.677% | BTC longs paid, 30d | +0.745% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| Not active | Airdrop | — |
Cost to trade BTC
| Size | Polymarket Perps | Deribit |
|---|---|---|
| $1k | $1.2112.1 bp | $0.717.1 bp |
| $10k | $14.0214.0 bp | $7.067.1 bp |
| $100k | $15815.8 bp | $78.347.8 bp |
| $1M | $2,38423.8 bp | $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: 71
funding /8h · Net 7d at $10k| Asset | Polymarket Perps | Deribit | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0023% | +0.0077% | −$13 |
| ETH | +0.0100% | +0.0012% | +0.0088% | −$4 |
| SOL | +0.0100% | 0.0000% | +0.0100% | −$33 |
| ZEC | +0.0100% | 0.0000% | +0.0100% | −$57 |
| XRP | −0.0025% | +0.0015% | +0.0040% | −$16 |
| HYPE | +0.0100% | +0.0002% | +0.0098% | −$50 |
| ENA | +0.0100% | 0.0000% | +0.0100% | −$29 |
| PEPE | +0.0100% | −0.0176% | +0.0276% | −$77 |
| PUMP | +0.0100% | +0.0005% | +0.0095% | −$75 |
| DOGE | +0.0100% | −0.0029% | +0.0129% | −$20 |
| AAVE | +0.0100% | −0.0071% | +0.0171% | −$21 |
| UNI | +0.0100% | 0.0000% | +0.0100% | −$11 |
| ADA | −0.0309% | 0.0000% | +0.0309% | −$51 |
| SUI | −0.0295% | 0.0000% | +0.0295% | −$25 |
| FARTCOIN | −0.0117% | +0.0371% | +0.0488% | +$43 |
| LTC | +0.0100% | −0.0116% | +0.0216% | −$45 |
| LINK | +0.0100% | 0.0000% | +0.0100% | −$16 |
| ARB | −0.0101% | −0.0076% | +0.0025% | −$11 |
| LIT | −0.0234% | −0.0130% | +0.0104% | −$46 |
| BNB | +0.0100% | +0.0200% | +0.0100% | −$21 |
Only on Polymarket Perps: 19
SP500 · NAS100 · SKHYNIX · ASML · RKLB · UNITREE · COIN · ZRO · SAMSUNG · QCOM · STRC · BABA · USELESS · NCLD · XMR · KAITO · CXMT · PEARL · ZM
Only on Deribit: 71
EURC · PAXG · QQQ · SPY · TRX · XLM · BE · DOT · BCH · AERO · HBAR · OPENAI · CRV · WIF · INJ · KORU · TRUMP · RENDER · SOXS · COIN50 · SNXX · FIL · ATOM · FET · ASTER · PENGU · MON · WLFI · ALGO · POL · APT · TIA · APE · MERL · DASH · STRK · JTO · PNUT · BILL · PYTH · S · ICP · DYDX · ETC · OP · BERA · INX · BOME · W · AVNT · CHIP · EIGEN · BONK · RESOLV · MOG · MEGA · ALT · COMP · SEI · PRL · and 11 more
Questions
Is Polymarket Perps or Deribit cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $14.02 on Polymarket Perps and $7.06 on Deribit right now, taker fee and order-book slippage together, so Deribit is cheaper. Taker fees: 0.04% and 0.035%.
Which has more markets, Polymarket Perps or Deribit?
Polymarket Perps lists 90 active markets and Deribit 144; 71 assets trade on both, 35 of them stocks, commodities or other real-world assets.
Does Polymarket Perps or Deribit require KYC?
Polymarket Perps: No ID for Perps since the beta ended in Sep 2026; orders cannot be placed from the US, Canada 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 Polymarket Perps and Deribit?
Yes: 3 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 FARTCOIN, long on Polymarket Perps and short on Deribit, with $43 left after costs.
Which is bigger, Polymarket Perps or Deribit?
24-hour volume: Polymarket Perps $139.6M, Deribit $12.65B. Open interest as each reports it: $108.6M and $1.33B.