Extended vs Kraken Futures
Kraken Futures traded 1.3× Extended's 24-hour volume ($625.8M vs $489.7M).
Head to head
the arrow points to the better figure| Extended | Kraken Futures | |
|---|---|---|
| Trading | ||
| $7.01 | ◀BTC trade, $10k | $11.13 |
| $850 | ◀BTC trade, $1M | $1,496 |
| $11.2M | BTC book depth▶ | $93.4M |
| 0.025%/0.000% | ◀Taker / maker | 0.050%/0.020% |
| 100x | Max leverage≈ | 100x |
| Size | ||
| $489.7M | Volume 24h▶ | $625.8M |
| $427.8M | Volume, 7-day average▶ | $859.9M |
| $203.3Mlongs + shorts | Open interest | $523.5Mone side |
| $119.2M | TVL | — |
| Markets | ||
| 307 | ◀Markets | 204 |
| 130 | ◀Stocks & RWA | 37 |
| 1h | Funding paid every | 1h |
| +0.0024% | BTC funding /8h | +0.0149% |
| +0.688% | BTC longs paid, 30d | +0.482% |
| 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 | $1.0410.4 bp |
| $10k | $5.375.4 bp | $11.4911.5 bp |
| $100k | $53.685.4 bp | $13313.3 bp |
| $1M | $1,00910.1 bp | $1,65716.6 bp |
| $5M | $13,75927.5 bp | $11,34322.7 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 |
|---|---|---|---|---|
| XAG | +0.0032% | +0.0793% | +0.0761% | +$7 |
| SPCX | −0.0136% | −0.0733% | +0.0597% | −$43 |
| XAU | +0.0096% | +0.0321% | +0.0225% | −$5 |
| NVDA | +0.0032% | +0.0047% | +0.0015% | −$52 |
| TSLA | 0.0000% | +0.0195% | +0.0195% | −$12 |
| AMZN | +0.0096% | +0.0409% | +0.0313% | −$4 |
| CRCL | 0.0000% | +0.0154% | +0.0154% | −$80 |
| MSTR | +0.0032% | +0.0336% | +0.0304% | −$22 |
| GOOGL | +0.0224% | +0.0110% | +0.0114% | −$40 |
| AAPL | 0.0000% | +0.0281% | +0.0281% | −$9 |
| CL | +0.0032% | −0.0277% | +0.0309% | −$7 |
| META | 0.0000% | +0.0056% | +0.0056% | −$22 |
| MU | +0.0032% | +0.0290% | +0.0258% | −$39 |
| HOOD | +0.0088% | −0.0529% | +0.0617% | −$75 |
| BZ | −0.0496% | −0.0321% | +0.0175% | −$50 |
| SNDK | +0.0200% | +0.0590% | +0.0390% | −$9 |
| COIN | 0.0000% | +0.0105% | +0.0105% | −$74 |
| SOXL | −0.0168% | −0.0644% | +0.0476% | −$35 |
| NATGAS | +0.0768% | +0.0818% | +0.0050% | +$21 |
| NBIS | +0.0144% | +0.0073% | +0.0071% | −$133 |
Only on Extended: 196
SP500 · LIT · SKHYNIX · GRAM · MSFT · SHOP · USDJPY · AMD · PLTR · CASHCAT · AERO · VVV · S · CHIP · UNITREE · USELESS · DRAM · ORCL · MEGA · EWY · PURR · CRWD · GRVT · CBRS · DELL · AVGO · TTWO · XPT · MARSCOIN · QCOM · TXN · BE · AZTEC · KSM · AKT · ADI · QNT · JP225 · TER · AMAT · ORCA · AMGN · AR · BTW · H · COHR · TMUS · PIEVERSE · BABA · MRVL · NOK · IBM · ASTS · NFLX · GTC · EDGE · CRWV · MRNA · KITE · BKNG · and 136 more
Only on Kraken Futures: 74
QQQ · SPY · GLD · QNT · SUSHI · PYTH · COMP · EGLD · XTZ · KAS · MUBARAK · ZK · GRT · MANA · IMX · SNX · NIGHT · CVX · BAT · SYN · RAY · 1INCH · RIVER · MOODENG · ALICE · MEW · USUAL · CAKE · RSR · BRETT · DEXE · CRO · SYRUP · SUPER · MOG · LPT · C98 · YFI · ACE · TRB · FLOW · GOAT · AGLD · IOTX · KAVA · BICO · ROSE · QTUM · SOXS · MNT · TLM · 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 $7.01 on Extended and $11.13 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: 8 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 $278 left after costs.
Which is bigger, Extended or Kraken Futures?
24-hour volume: Extended $489.7M, Kraken Futures $625.8M. Open interest as each reports it: $203.3M and $523.5M. 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.