Head to head
the arrow points to the better figure| SoDEX | Deribit | |
|---|---|---|
| Trading | ||
| $8.39 | BTC trade, $10k▶ | $7.06 |
| $1,014 | ◀BTC trade, $1M | $1,461 |
| $2.8M | BTC book depth▶ | $46.5M |
| 0.040%/0.012% | Taker / maker▶ | 0.035%/0.015% |
| 40x | Max leverage▶ | 50x |
| Size | ||
| $245.6M | Volume 24h▶ | $12.68B |
| $259.5M | Volume, 7-day average▶ | $9.13B |
| $292.4Mlongs + shorts | Open interest | $1.33Bone side |
| $64.9M | TVL | — |
| Markets | ||
| 98 | Markets▶ | 144 |
| 44 | Stocks & RWA≈ | 42 |
| 1h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0132% |
| +0.579% | BTC longs paid, 30d | +0.745% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| — | Airdrop | — |
Cost to trade BTC
| Size | SoDEX | Deribit |
|---|---|---|
| $1k | $0.848.4 bp | $0.717.1 bp |
| $10k | $8.398.4 bp | $7.067.1 bp |
| $100k | $84.608.5 bp | $78.347.8 bp |
| $1M | $1,01410.1 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: 76
funding /8h · Net 7d at $10k| Asset | SoDEX | Deribit | Spread | Net 7d |
|---|---|---|---|---|
| ETH | +0.0100% | 0.0000% | +0.0100% | −$8 |
| BTC | +0.0100% | +0.0196% | +0.0096% | −$23 |
| ZEC | +0.0100% | 0.0000% | +0.0100% | −$27 |
| NEAR | +0.0100% | +0.0230% | +0.0130% | −$38 |
| SOL | −0.0045% | 0.0000% | +0.0045% | −$13 |
| DOGE | +0.0100% | 0.0000% | +0.0100% | −$5 |
| HYPE | +0.0100% | +0.0051% | +0.0049% | −$23 |
| SUI | −0.0088% | 0.0000% | +0.0088% | −$41 |
| TRUMP | +0.0100% | 0.0000% | +0.0100% | −$46 |
| ONDO | +0.0100% | −0.0282% | +0.0382% | −$37 |
| BNB | +0.0100% | +0.0200% | +0.0100% | — |
| LTC | +0.0100% | 0.0000% | +0.0100% | — |
| LIT | −0.0020% | 0.0000% | +0.0020% | −$284 |
| ETC | +0.0100% | 0.0000% | — | — |
| ARB | −0.0066% | 0.0000% | +0.0066% | −$41 |
| WLFI | +0.0100% | +0.0198% | — | — |
| PONS | +0.0100% | −0.0267% | +0.0367% | — |
| BONK | +0.0100% | +0.0103% | — | — |
| UNI | +0.0100% | 0.0000% | +0.0100% | +$9 |
| AVAX | +0.0100% | +0.0354% | — | — |
Only on SoDEX: 22
XAUT · MCD · CRWD · NKE · SP500 · CXMT · UNITREE · MINIMAX · MRNA · COIN · QNT · CHZ · ZHIPU · SKHYNIX · SMCI · NAS100 · XMR · SAMSUNG · AXS · BIANRENSHENG · COPPER · NIULAI
Only on Deribit: 66
EURC · PAXG · XAU · SOXL · QQQ · SPY · ANTHROPIC · BE · DOT · AERO · OPENAI · CRV · CBRS · INJ · RENDER · TAO · COIN50 · SOXS · SNXX · ETHFI · ATOM · FET · PENDLE · ALGO · DELL · POL · VVV · TIA · ARM · APE · AVGO · LDO · MERL · STRK · JTO · PNUT · PYTH · BILL · S · ICP · DYDX · INX · BOME · W · AVNT · CHIP · EIGEN · RESOLV · MOG · MEGA · ALT · JUP · COMP · SEI · PRL · SAGA · OPG · NIGHT · TOWNS · CFX · and 6 more
Questions
Is SoDEX or Deribit cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $8.39 on SoDEX 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, SoDEX or Deribit?
SoDEX lists 98 active markets and Deribit 144; 76 assets trade on both, 29 of them stocks, commodities or other real-world assets.
Does SoDEX or Deribit require KYC?
SoDEX: No ID; not for the US, China, Singapore, the UK, Russia or FATF high-risk countries, VPNs 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 SoDEX 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 AMD, long on Deribit and short on SoDEX, with $21 left after costs.
Which is bigger, SoDEX or Deribit?
24-hour volume: SoDEX $245.6M, Deribit $12.68B. Open interest as each reports it: $292.4M and $1.33B. SoDEX reports open interest as longs plus shorts, both sides of every position; Deribit reports one side. For the same positions SoDEX's figure reads about twice as large. TVL: $64.9M and none published.