Extended vs Kraken Futures
Kraken Futures traded 1.2× Extended's 24-hour volume ($618.8M vs $498.3M).
Head to head
the arrow points to the better figure| Extended | Kraken Futures | |
|---|---|---|
| Trading | ||
| $5.12 | ◀BTC trade, $10k | $11.05 |
| $795 | ◀BTC trade, $1M | $1,493 |
| $10.8M | BTC book depth▶ | $94.7M |
| 0.025%/0.000% | ◀Taker / maker | 0.050%/0.020% |
| 100x | Max leverage≈ | 100x |
| Size | ||
| $498.3M | Volume 24h▶ | $618.8M |
| $427.8M | Volume, 7-day average▶ | $859.9M |
| $203.5Mlongs + shorts | Open interest | $517.0Mone side |
| $119.2M | TVL | — |
| Markets | ||
| 307 | ◀Markets | 204 |
| 130 | ◀Stocks & RWA | 37 |
| 1h | Funding paid every | 1h |
| −0.0064% | 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 | $1.0610.6 bp |
| $10k | $5.375.4 bp | $11.4711.5 bp |
| $100k | $53.685.4 bp | $13513.5 bp |
| $1M | $99910.0 bp | $1,71417.1 bp |
| $5M | $12,95225.9 bp | $11,79223.6 bp |
BTC 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 |
|---|---|---|---|---|
| XAG | +0.0032% | +0.0790% | +0.0758% | +$8 |
| SPCX | −0.0192% | −0.0735% | +0.0543% | −$41 |
| XAU | +0.0032% | +0.0321% | +0.0289% | −$5 |
| NVDA | +0.0032% | +0.0047% | +0.0015% | −$58 |
| TSLA | 0.0000% | +0.0195% | +0.0195% | −$11 |
| AMZN | +0.0048% | +0.0408% | +0.0360% | −$4 |
| CRCL | 0.0000% | +0.0156% | +0.0156% | −$72 |
| MSTR | +0.0032% | +0.0340% | +0.0308% | −$16 |
| GOOGL | +0.0200% | +0.0110% | +0.0090% | −$38 |
| AAPL | 0.0000% | +0.0280% | +0.0280% | −$10 |
| CL | +0.0032% | −0.0274% | +0.0306% | −$8 |
| META | 0.0000% | +0.0056% | +0.0056% | −$22 |
| BZ | −0.0536% | −0.0317% | +0.0219% | −$59 |
| MU | +0.0032% | +0.0291% | +0.0259% | −$28 |
| HOOD | +0.0032% | −0.0530% | +0.0562% | −$74 |
| SNDK | +0.0136% | +0.0592% | +0.0456% | −$13 |
| COIN | 0.0000% | +0.0106% | +0.0106% | −$68 |
| SOXL | −0.0176% | −0.0646% | +0.0470% | +$3 |
| NATGAS | +0.0776% | +0.0820% | +0.0044% | +$30 |
| NBIS | +0.0056% | +0.0072% | +0.0016% | +$11 |
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 · XPT · CBRS · MARSCOIN · QCOM · TXN · KSM · BE · AKT · AZTEC · ADI · QNT · JP225 · ORCA · TER · AMGN · AMAT · AR · BTW · H · COHR · MRVL · TMUS · BABA · PIEVERSE · NOK · IBM · NFLX · CRWV · ASTS · 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 · NIGHT · CVX · 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 $11.05 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: 10 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 $282 left after costs.
Which is bigger, Extended or Kraken Futures?
24-hour volume: Extended $498.3M, Kraken Futures $618.8M. Open interest as each reports it: $203.5M and $517.0M. 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.