Head to head
the arrow points to the better figure| Kalshi | Gate | |
|---|---|---|
| Trading | ||
| $12.26 | ◀BTC trade, $10k | $15.01 |
| $1,717 | BTC trade, $1M≈ | $1,888 |
| $5.9M | ◀BTC book depth | $4.3M |
| 0.040%/0.020% | ◀Taker / maker | 0.075%/-0.010% |
| 15x | Max leverage▶ | 200x |
| Size | ||
| $1.34B | Volume 24h▶ | $21.08B |
| $1.06B | Volume, 7-day average▶ | $14.37B |
| $87.9Mone side | Open interest | $12.31Blongs + shorts |
| — | TVL | — |
| Markets | ||
| 71 | Markets▶ | 1080 |
| 67 | Stocks & RWA▶ | 466 |
| 8h or 24h | Funding paid every | 1h or 4h or 8h |
| +0.0297% | BTC funding /8h | +0.0043% |
| +1.464% | BTC longs paid, 30d | +0.467% |
| Access | ||
| Required | KYC | Required |
| none yet | Token | $GT |
| Not active | Airdrop | — |
Cost to trade BTC
| Size | Kalshi | Gate |
|---|---|---|
| $1k | $0.878.7 bp | $1.5015.0 bp |
| $10k | $12.2612.3 bp | $15.0115.0 bp |
| $100k | $14314.3 bp | $15315.3 bp |
| $1M | $1,71717.2 bp | $1,88818.9 bp |
| $5M | $17,48835.0 bp | — |
BTC funding per day
pair pageSize
daily, since Sep 18Volume by asset class
last 90 daysOn both: 78
funding /8h · Net 7d at $10k| Asset | Kalshi | Gate | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0297% | +0.0043% | +0.0254% | −$26 |
| ETH | +0.0171% | −0.0058% | +0.0229% | −$35 |
| SOL | 0.0000% | −0.0410% | +0.0410% | −$50 |
| HYPE | 0.0000% | +0.0100% | +0.0100% | −$56 |
| XRP | +0.0336% | −0.0186% | +0.0522% | −$3 |
| ZEC | −0.0236% | +0.0100% | +0.0336% | −$16 |
| NEAR | +0.0175% | +0.0100% | +0.0075% | −$86 |
| BCH | 0.0000% | +0.0100% | +0.0100% | −$22 |
| BNB | +0.0398% | +0.0100% | +0.0298% | −$30 |
| SUI | 0.0000% | −0.0366% | +0.0366% | −$46 |
| DOGE | 0.0000% | −0.0175% | +0.0175% | −$50 |
| LINK | +0.0225% | +0.0051% | +0.0174% | +$117 |
| LTC | −0.0220% | −0.0082% | +0.0138% | −$40 |
| WLD | −0.0110% | −0.1200% | +0.1090% | −$49 |
| ADA | 0.0000% | −0.0172% | +0.0172% | −$77 |
| UNI | 0.0000% | −0.0060% | +0.0060% | +$55 |
| AAVE | 0.0000% | −0.0310% | +0.0310% | −$59 |
| SHIB | −0.0143% | −0.0047% | +0.0096% | −$34 |
| VVV | 0.0000% | +0.0100% | +0.0100% | −$53 |
Only on Gate: 992
SOXL · XAUT · CL · SKHYNIX · ENA · TRX · CRCL · PEPE · TRUMP · AVAX · XLM · ONDO · ASTER · XMR · FARTCOIN · MSTR · DOT · PAXG · TAO · LIT · INJ · FIL · ARB · BTW · WLFI · ZRO · FF · SKHY · SOXS · PONS · GRAM · HBAR · USELESS · OPENAI · ETC · XPL · PENGU · KORU · APT · VIRTUAL · CRV · BZ · AKE · CASHCAT · ICP · ETHFI · LDO · POL · MUBARAK · OP · KAS · TIA · ATOM · PIEVERSE · SAMSUNG · LITE · AERO · UNITREE · EWY · DASH · and 932 more
Questions
Is Kalshi or Gate cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $12.26 on Kalshi and $15.01 on Gate right now, taker fee and order-book slippage together, so Kalshi is cheaper. Taker fees: 0.04% and 0.075%.
Which has more markets, Kalshi or Gate?
Kalshi lists 71 active markets and Gate 1080; 78 assets trade on both, 59 of them stocks, commodities or other real-world assets.
Does Kalshi or Gate require KYC?
Kalshi: A US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade. Gate: KYC before the futures account opens; unverified accounts can only withdraw and close positions.
Can you arbitrage funding between Kalshi and Gate?
Yes: 3 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 LINK, long on Gate and short on Kalshi, with $117 left after costs.
Which is bigger, Kalshi or Gate?
24-hour volume: Kalshi $1.34B, Gate $21.08B. Open interest as each reports it: $87.9M and $12.31B. Gate reports open interest as longs plus shorts, both sides of every position; Kalshi reports one side. For the same positions Gate's figure reads about twice as large.