Extended vs Kraken Futures
Kraken Futures traded 1.3× Extended's 24-hour volume ($621.4M vs $496.4M).
Head to head
the arrow points to the better figure| Extended | Kraken Futures | |
|---|---|---|
| Trading | ||
| $5.12 | ◀BTC trade, $10k | $10.64 |
| $795 | ◀BTC trade, $1M | $1,454 |
| $10.8M | BTC book depth▶ | $95.3M |
| 0.025%/0.000% | ◀Taker / maker | 0.050%/0.020% |
| 100x | Max leverage≈ | 100x |
| Size | ||
| $496.4M | Volume 24h▶ | $621.4M |
| $427.8M | Volume, 7-day average▶ | $859.9M |
| $203.4Mlongs + shorts | Open interest | $513.0Mone side |
| $119.2M | TVL | — |
| Markets | ||
| 307 | ◀Markets | 204 |
| 130 | ◀Stocks & RWA | 37 |
| 1h | Funding paid every | 1h |
| −0.0080% | BTC funding /8h | +0.0151% |
| +0.687% | BTC longs paid, 30d | +0.481% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| Active | Airdrop | — |
Cost to trade ETH
| Size | Extended | Kraken Futures |
|---|---|---|
| $1k | $0.545.4 bp | $1.0710.7 bp |
| $10k | $5.375.4 bp | $11.3411.3 bp |
| $100k | $53.685.4 bp | $13413.4 bp |
| $1M | $99910.0 bp | $1,71817.2 bp |
| $5M | $12,95225.9 bp | $11,70323.4 bp |
HYPE funding per day
pair pageSize
daily, last 30 daysVolume by asset class
last 30 daysOn both: 130
funding /8h · Net 7d at $10k| Asset | Extended | Kraken Futures | Spread | Net 7d |
|---|---|---|---|---|
| BTC | −0.0072% | +0.0151% | +0.0223% | −$18 |
| ETH | +0.0032% | +0.0074% | +0.0042% | −$24 |
| HYPE | +0.0104% | −0.0043% | +0.0147% | −$26 |
| SOL | +0.0048% | +0.0344% | +0.0296% | −$22 |
| NEAR | +0.0096% | +0.0032% | +0.0064% | −$9 |
| ZEC | +0.0104% | −0.0097% | +0.0201% | −$21 |
| XMR | +0.0104% | +0.0229% | +0.0125% | −$34 |
| XRP | +0.0104% | +0.0180% | +0.0076% | −$33 |
| BNB | +0.0080% | +0.0058% | +0.0022% | −$9 |
| PUMP | +0.0104% | +0.0762% | +0.0658% | −$85 |
| SUI | −0.0064% | −0.0054% | +0.0010% | −$36 |
| AAVE | +0.0104% | +0.0207% | +0.0103% | −$73 |
| ENA | +0.0104% | +0.0316% | +0.0212% | −$39 |
| LTC | +0.0104% | +0.0082% | +0.0022% | −$38 |
| ADA | +0.0104% | +0.0058% | +0.0046% | −$21 |
| TAO | +0.0104% | −0.0129% | +0.0233% | −$54 |
| FIL | +0.0064% | −0.0296% | +0.0360% | −$24 |
| ZRO | +0.0104% | +0.0045% | +0.0059% | −$5 |
| LINK | +0.0104% | +0.0081% | +0.0023% | −$26 |
| LDO | +0.0104% | +0.0006% | +0.0098% | −$31 |
Only on Extended: 196
SP500 · LIT · SKHYNIX · GRAM · MSFT · SHOP · AMD · USDJPY · PLTR · CASHCAT · AERO · VVV · S · CHIP · UNITREE · USELESS · ORCL · DRAM · MEGA · EWY · PURR · CRWD · GRVT · DELL · AVGO · TTWO · CBRS · XPT · MARSCOIN · QCOM · TXN · BE · AKT · AZTEC · KSM · ADI · QNT · JP225 · ORCA · TER · AMGN · AMAT · AR · BTW · H · COHR · MRVL · TMUS · BABA · PIEVERSE · NOK · NFLX · IBM · ASTS · CRWV · MRNA · KITE · BKNG · EDGE · GTC · and 136 more
Only on Kraken Futures: 74
QQQ · SPY · GLD · QNT · SUSHI · PYTH · COMP · EGLD · KAS · XTZ · MUBARAK · ZK · GRT · MANA · IMX · SNX · CVX · NIGHT · BAT · SYN · 1INCH · RAY · RIVER · MOODENG · MEW · USUAL · CAKE · ALICE · RSR · BRETT · DEXE · CRO · SYRUP · SUPER · MOG · LPT · TRB · FLOW · YFI · ACE · GOAT · C98 · AGLD · IOTX · KAVA · BICO · ROSE · QTUM · TLM · SOXS · MNT · MELANIA · OPN · BB · COOKIE · USDC · ZIG · CHILLGUY · LUNA · PORTAL · and 14 more
Questions
Is Extended or Kraken Futures cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $5.12 on Extended and $10.64 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 307 active markets and Kraken Futures 204; 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: 9 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 $281 left after costs.
Which is bigger, Extended or Kraken Futures?
24-hour volume: Extended $496.4M, Kraken Futures $621.4M. Open interest as each reports it: $203.4M and $513.0M. 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.