Extended vs Kraken Futures
Kraken Futures traded 1.3× Extended's 24-hour volume ($668.5M vs $510.5M).
Head to head
the arrow points to the better figure| Extended | Kraken Futures | |
|---|---|---|
| Trading | ||
| $5.14 | ◀BTC trade, $10k | $10.58 |
| $680 | ◀BTC trade, $1M | $1,443 |
| $11.2M | BTC book depth▶ | $94.2M |
| 0.025%/0.000% | ◀Taker / maker | 0.050%/0.020% |
| 100x | Max leverage≈ | 100x |
| Size | ||
| $510.5M | Volume 24h▶ | $668.5M |
| $427.8M | Volume, 7-day average▶ | $859.9M |
| $203.0Mlongs + shorts | Open interest | $517.8Mone side |
| $119.2M | TVL | — |
| Markets | ||
| 308 | Markets≈ | 280 |
| 130 | ◀Stocks & RWA | 37 |
| 1h | Funding paid every | 1h |
| +0.0064% | BTC funding /8h | +0.0072% |
| +0.688% | BTC longs paid, 30d | +0.482% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| Active | Airdrop | — |
Cost to trade BTC
| Size | Extended | Kraken Futures |
|---|---|---|
| $1k | $0.515.1 bp | $1.0110.1 bp |
| $10k | $5.145.1 bp | $10.5810.6 bp |
| $100k | $57.025.7 bp | $12012.0 bp |
| $1M | $6806.8 bp | $1,44314.4 bp |
| $5M | $10,89721.8 bp | $8,72117.4 bp |
BTC funding per day
pair pageSize
daily, last 90 daysVolume by asset class
last 90 daysOn both: 130
funding /8h · Net 7d at $10k| Asset | Extended | Kraken Futures | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0064% | +0.0072% | +0.0008% | −$18 |
| ETH | +0.0024% | +0.0029% | +0.0005% | −$23 |
| HYPE | +0.0008% | −0.0176% | +0.0184% | −$27 |
| SOL | +0.0104% | +0.0209% | +0.0105% | −$21 |
| NEAR | +0.0096% | −0.0379% | +0.0475% | −$9 |
| ZEC | +0.0200% | −0.0223% | +0.0423% | −$21 |
| XMR | +0.0104% | +0.0377% | +0.0273% | −$34 |
| XRP | +0.0104% | +0.0133% | +0.0029% | −$33 |
| BNB | −0.0048% | +0.0097% | +0.0145% | −$42 |
| PUMP | +0.0104% | +0.0477% | +0.0373% | −$86 |
| SUI | +0.0056% | −0.0090% | +0.0146% | −$25 |
| AAVE | +0.0104% | +0.0145% | +0.0041% | −$70 |
| ENA | +0.0104% | +0.0062% | +0.0042% | −$39 |
| LTC | +0.0104% | +0.0087% | +0.0017% | −$39 |
| ADA | +0.0104% | −0.0023% | +0.0127% | −$20 |
| TAO | +0.0104% | −0.0019% | +0.0123% | −$51 |
| FIL | +0.0104% | −0.0161% | +0.0265% | −$21 |
| ZRO | +0.0216% | −0.0068% | +0.0284% | −$4 |
| LINK | +0.0104% | +0.0126% | +0.0022% | −$35 |
| LDO | +0.0104% | +0.0096% | +0.0008% | −$35 |
Only on Extended: 196
SP500 · LIT · SKHYNIX · GRAM · MSFT · SHOP · USDJPY · AMD · PLTR · CASHCAT · AERO · VVV · S · CHIP · UNITREE · ORCL · USELESS · DRAM · MEGA · EWY · PURR · CRWD · GRVT · XPT · CBRS · DELL · TTWO · AVGO · MARSCOIN · QCOM · TXN · BE · KSM · AZTEC · AKT · ADI · QNT · JP225 · TER · AMAT · AMGN · AR · ORCA · BTW · COHR · MRVL · H · PIEVERSE · NOK · BABA · TMUS · NFLX · KITE · MRNA · IBM · CRWV · BKNG · EDGE · ASTS · GTC · and 136 more
Only on Kraken Futures: 74
QQQ · SPY · GLD · QNT · SUSHI · PYTH · COMP · EGLD · KAS · XTZ · GRT · MUBARAK · ZK · MANA · IMX · NIGHT · SNX · CVX · BAT · RAY · 1INCH · SYN · RIVER · MOODENG · ALICE · USUAL · CAKE · MEW · RSR · BRETT · DEXE · CRO · SYRUP · SUPER · MOG · FLOW · LPT · YFI · ACE · GOAT · TRB · AGLD · IOTX · KAVA · C98 · BICO · ROSE · TLM · QTUM · MNT · MELANIA · OPN · BB · COOKIE · CHILLGUY · LUNA · USDC · PORTAL · ZIG · SOXS · and 14 more
Questions
Is Extended or Kraken Futures cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $5.14 on Extended and $10.58 on Kraken Futures right now, taker fee and order-book slippage together, so Extended is cheaper. Taker fees: 0.025% and 0.05%.
Which has more markets, Extended or Kraken Futures?
Extended lists 308 active markets and Kraken Futures 280; 130 assets trade on both, 28 of them stocks, commodities or other real-world assets.
Does Extended or Kraken Futures require KYC?
Extended: No ID (only transaction screening and third-party on-ramps); not for the US, UK, Canada, Hong Kong, Russia or sanctioned countries. Kraken Futures: Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Can you arbitrage funding between Extended and Kraken Futures?
Yes: 6 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 SAND, long on Kraken Futures and short on Extended, with $275 left after costs.
Which is bigger, Extended or Kraken Futures?
24-hour volume: Extended $510.5M, Kraken Futures $668.5M. Open interest as each reports it: $203.0M and $517.8M. Extended reports open interest as longs plus shorts, both sides of every position; Kraken Futures reports one side. For the same positions Extended's figure reads about twice as large. TVL: $119.2M and none published.