Kalshi vs OKX
OKX traded 24× Kalshi's 24-hour volume ($32.46B vs $1.34B) and holds 76× its open interest.
Head to head
the arrow points to the better figure| Kalshi | OKX | |
|---|---|---|
| Trading | ||
| $12.26 | BTC trade, $10k▶ | $10.01 |
| $1,717 | BTC trade, $1M▶ | $1,152 |
| $5.9M | BTC book depth▶ | $12.0M |
| 0.040%/0.020% | ◀Taker / maker | 0.050%/0.020% |
| 15x | Max leverage▶ | 100x |
| Size | ||
| $1.34B | Volume 24h▶ | $32.46B |
| $1.06B | Volume, 7-day average▶ | $22.93B |
| $88.0M | Open interest▶ | $6.66B |
| — | TVL | — |
| Markets | ||
| 71 | Markets▶ | 527 |
| 67 | Stocks & RWA▶ | 232 |
| 8h or 24h | Funding paid every | 1h or 2h or 4h or 8h |
| +0.0297% | BTC funding /8h | +0.0100% |
| +1.464% | BTC longs paid, 30d | +0.561% |
| Access | ||
| Required | KYC | Required |
| none yet | Token | $OKB |
| Not active | Airdrop | — |
Cost to trade BTC
| Size | Kalshi | OKX |
|---|---|---|
| $1k | $0.878.7 bp | $1.0010.0 bp |
| $10k | $12.2612.3 bp | $10.0110.0 bp |
| $100k | $14314.3 bp | $10010.0 bp |
| $1M | $1,71717.2 bp | $1,15211.5 bp |
| $5M | $17,48835.0 bp | $7,69515.4 bp |
BTC funding per day
pair pageSize
daily, since Sep 18Volume by asset class
last 90 daysOn both: 65
funding /8h · Net 7d at $10k| Asset | Kalshi | OKX | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0297% | +0.0100% | +0.0197% | −$23 |
| ETH | +0.0171% | +0.0100% | +0.0071% | −$29 |
| SOL | 0.0000% | +0.0003% | +0.0003% | −$8 |
| HYPE | 0.0000% | −0.0009% | +0.0009% | −$12 |
| XRP | +0.0336% | +0.0100% | +0.0236% | +$15 |
| ZEC | −0.0236% | +0.0100% | +0.0336% | −$9 |
| NEAR | +0.0175% | +0.0100% | +0.0075% | −$72 |
| BCH | 0.0000% | +0.0100% | +0.0100% | −$20 |
| BNB | +0.0398% | +0.0100% | +0.0298% | −$13 |
| SUI | 0.0000% | +0.0022% | +0.0022% | −$33 |
| DOGE | 0.0000% | +0.0035% | +0.0035% | −$24 |
| LINK | +0.0225% | +0.0100% | +0.0125% | +$128 |
| LTC | −0.0220% | +0.0100% | +0.0320% | −$25 |
| WLD | −0.0110% | −0.0193% | +0.0083% | −$39 |
| ADA | 0.0000% | +0.0089% | +0.0089% | −$4 |
| UNI | 0.0000% | +0.0100% | +0.0100% | −$150 |
| AAVE | 0.0000% | +0.0029% | +0.0029% | −$35 |
| SHIB | −0.0143% | +0.0095% | +0.0238% | −$8 |
| VVV | 0.0000% | +0.0084% | +0.0084% | −$27 |
Only on Kalshi: 20
USTECH100 · WTIFUTURE · ALUMINUM · PFE · DIS · BKNG · HD · BABA · ABBV · CVX · SBUX · BA · LMT · NEM · COP · CAT · MA · PG · VZ · PLD
Only on OKX: 460
SOXL · SKHYNIX · CL · PEPE · CRCL · TRX · LIT · SKHY · MSTR · PUMP · OKB · BZ · TRUMP · TAO · ENA · SOXS · ARB · AVAX · KORU · FIL · ONDO · ASTER · XLM · WLFI · ZRO · GRAM · UNITREE · XPL · CAP · DOT · PONS · SNXX · MRVL · ANTHROPIC · PENGU · HBAR · LITE · ETC · POL · ICP · DRAM · TQQQ · INJ · CRV · STRK · COIN · TIA · ATOM · AAOI · TSM · PIEVERSE · EWY · GRASS · SAMSUNG · NBIS · BEAT · APT · ETHFI · AERO · MUBARAK · and 400 more
Questions
Is Kalshi or OKX cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $12.26 on Kalshi and $10.01 on OKX right now, taker fee and order-book slippage together, so OKX is cheaper. Taker fees: 0.04% and 0.05%.
Which has more markets, Kalshi or OKX?
Kalshi lists 71 active markets and OKX 527; 65 assets trade on both, 46 of them stocks, commodities or other real-world assets.
Does Kalshi or OKX require KYC?
Kalshi: A US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade. OKX: Advanced verification before trading, deposits or withdrawals.
Can you arbitrage funding between Kalshi and OKX?
Yes: 4 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 OKX and short on Kalshi, with $128 left after costs.
Which is bigger, Kalshi or OKX?
24-hour volume: Kalshi $1.34B, OKX $32.46B. Open interest as each reports it: $88.0M and $6.66B.