N1 vs Deribit
Deribit traded 4881× N1's 24-hour volume ($12.68B vs $2.6M) and holds 1551× its open interest.
Head to head
the arrow points to the better figure| N1 | Deribit | |
|---|---|---|
| Trading | ||
| $11.07 | BTC trade, $10k▶ | $7.06 |
| — | BTC trade, $1M | $1,461 |
| $477K | BTC book depth▶ | $46.5M |
| 0.035%/0.010% | Taker / maker≈ | 0.035%/0.015% |
| 50x | Max leverage≈ | 50x |
| Size | ||
| $2.6M | Volume 24h▶ | $12.68B |
| $2.5M | Volume, 7-day average▶ | $9.13B |
| $859K | Open interest▶ | $1.33B |
| — | TVL | — |
| Markets | ||
| 40 | Markets▶ | 144 |
| 0 | Stocks & RWA▶ | 42 |
| 1h | Funding paid every | 1h |
| +0.0072% | BTC funding /8h | +0.0132% |
| +0.505% | BTC longs paid, 30d | +0.745% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| — | Airdrop | — |
Cost to trade BTC
| Size | N1 | Deribit |
|---|---|---|
| $1k | $0.838.3 bp | $0.717.1 bp |
| $10k | $11.0711.1 bp | $7.067.1 bp |
| $100k | $27127.1 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: 36
funding /8h · Net 7d at $10k| Asset | N1 | Deribit | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0072% | +0.0196% | +0.0124% | −$12 |
| ETH | +0.0072% | 0.0000% | +0.0072% | −$28 |
| HYPE | +0.0232% | +0.0051% | +0.0181% | −$20 |
| SOL | +0.0096% | 0.0000% | +0.0096% | −$36 |
| BNB | +0.0048% | +0.0200% | — | — |
| JUP | +0.0088% | 0.0000% | — | — |
| S | +0.0480% | −0.0015% | — | — |
| LIT | −0.0696% | 0.0000% | — | — |
| VVV | +0.0368% | −0.0108% | — | — |
| NEAR | +0.0096% | +0.0230% | — | — |
| AAVE | −0.0032% | 0.0000% | — | — |
| PAXG | +0.0208% | +0.0449% | — | — |
| ZEC | +0.0216% | 0.0000% | — | — |
| MORPHO | −0.0096% | 0.0000% | — | — |
| SUI | −0.0192% | 0.0000% | — | — |
| PUMP | −0.0040% | +0.0001% | — | — |
| XRP | +0.0112% | +0.0102% | — | — |
| ARB | −0.0200% | 0.0000% | — | — |
| ASTER | +0.0104% | +0.0127% | — | — |
| ENA | −0.0136% | +0.0115% | — | — |
Only on Deribit: 106
EURC · XAU · SOXL · QQQ · AVAX · XAG · LINK · SPY · CRCL · TRX · GOOGL · ANTHROPIC · ADA · LTC · XLM · SPCX · MSTR · MU · BE · DOT · BCH · INTC · CL · NVDA · MSFT · LITE · HBAR · BZ · SNDK · OPENAI · CRV · WIF · CBRS · INJ · KORU · AAPL · TSLA · EWY · AMZN · NBIS · DRAM · META · TRUMP · RENDER · COIN50 · SOXS · SNXX · SKHY · FIL · ETHFI · TSM · MRVL · ATOM · AMD · ORCL · FET · PENDLE · ALGO · HOOD · DELL · and 46 more
Questions
Is N1 or Deribit cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $11.07 on N1 and $7.06 on Deribit right now, taker fee and order-book slippage together, so Deribit is cheaper. Taker fees: 0.035% and 0.035%.
Which has more markets, N1 or Deribit?
N1 lists 40 active markets and Deribit 144; 36 assets trade on both.
Does N1 or Deribit require KYC?
N1: No ID; closed to residents and citizens of the US, Canada, Russia and 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 N1 and Deribit?
Not profitably right now: none of the 36 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, N1 or Deribit?
24-hour volume: N1 $2.6M, Deribit $12.68B. Open interest as each reports it: $859K and $1.33B.