Extended vs Kraken Futures
Kraken Futures traded 1.3× Extended's 24-hour volume ($670.5M vs $499.4M).
Head to head
the arrow points to the better figure| Extended | Kraken Futures | |
|---|---|---|
| Trading | ||
| $5.12 | ◀BTC trade, $10k | $10.41 |
| $653 | ◀BTC trade, $1M | $1,460 |
| $11.4M | BTC book depth▶ | $92.6M |
| 0.025%/0.000% | ◀Taker / maker | 0.050%/0.020% |
| 100x | Max leverage≈ | 100x |
| Size | ||
| $499.4M | Volume 24h▶ | $670.5M |
| $427.8M | Volume, 7-day average▶ | $859.9M |
| $202.5Mlongs + shorts | Open interest | $523.3Mone side |
| $119.2M | TVL | — |
| Markets | ||
| 308 | Markets≈ | 280 |
| 130 | ◀Stocks & RWA | 37 |
| 1h | Funding paid every | 1h |
| +0.0080% | BTC funding /8h | +0.0052% |
| +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 | $5.125.1 bp | $10.4110.4 bp |
| $100k | $51.165.1 bp | $12412.4 bp |
| $1M | $6536.5 bp | $1,46014.6 bp |
| $5M | $9,40118.8 bp | $8,98318.0 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% | +0.0617% | +0.0585% | +$10 |
| SPCX | −0.0008% | −0.0247% | +0.0239% | −$44 |
| XAU | +0.0048% | +0.0195% | +0.0147% | −$10 |
| CRCL | 0.0000% | +0.0010% | +0.0010% | −$84 |
| NVDA | +0.0032% | +0.0076% | +0.0044% | −$59 |
| AMZN | +0.0112% | +0.0315% | +0.0203% | −$16 |
| TSLA | 0.0000% | +0.0194% | +0.0194% | −$28 |
| MSTR | +0.0032% | +0.0042% | +0.0010% | −$41 |
| GOOGL | +0.0264% | −0.0085% | +0.0349% | −$58 |
| AAPL | +0.0040% | +0.0076% | +0.0036% | −$14 |
| CL | +0.0032% | +0.0006% | +0.0026% | −$7 |
| META | 0.0000% | −0.0206% | +0.0206% | −$64 |
| MU | +0.0032% | +0.0379% | +0.0347% | −$49 |
| HOOD | +0.0136% | −0.0422% | +0.0558% | −$92 |
| BZ | −0.0544% | −0.0086% | +0.0458% | −$51 |
| COIN | 0.0000% | −0.0414% | +0.0414% | −$43 |
| SNDK | +0.0192% | +0.0322% | +0.0130% | −$35 |
| SOXL | −0.0160% | −0.0876% | +0.0716% | −$34 |
| NATGAS | +0.0704% | +0.0964% | +0.0260% | +$7 |
| NBIS | +0.0288% | +0.0739% | +0.0451% | −$9 |
Only on Extended: 196
SP500 · LIT · SKHYNIX · GRAM · MSFT · SHOP · USDJPY · AMD · PLTR · CASHCAT · AERO · VVV · S · CHIP · UNITREE · DRAM · USELESS · ORCL · MEGA · EWY · PURR · CRWD · GRVT · DELL · CBRS · TTWO · AVGO · XPT · MARSCOIN · QCOM · TXN · BE · KSM · AZTEC · AKT · ADI · QNT · JP225 · ORCA · TER · AMAT · AMGN · AR · BTW · H · COHR · TMUS · MRVL · BABA · PIEVERSE · NOK · EDGE · NFLX · ASTS · CRWV · MRNA · KITE · BKNG · IBM · GTC · and 136 more
Only on Kraken Futures: 74
QQQ · SPY · GLD · QNT · SUSHI · PYTH · COMP · EGLD · KAS · XTZ · GRT · ZK · MUBARAK · MANA · IMX · NIGHT · SNX · CVX · BAT · RAY · 1INCH · SYN · RIVER · ALICE · MOODENG · USUAL · MEW · CAKE · RSR · BRETT · DEXE · CRO · SYRUP · SUPER · MOG · LPT · YFI · ACE · FLOW · GOAT · AGLD · TRB · IOTX · KAVA · C98 · BICO · ROSE · TLM · QTUM · MNT · SOXS · MELANIA · OPN · BB · COOKIE · USDC · CHILLGUY · LUNA · ZIG · 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 $10.41 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: 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 $272 left after costs.
Which is bigger, Extended or Kraken Futures?
24-hour volume: Extended $499.4M, Kraken Futures $670.5M. Open interest as each reports it: $202.5M and $523.3M. 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.