Binance vs Kraken Futures Comparison

Fees, liquidity, funding and safety side by side Updated

Live · updated
Trade on Binance Trade on Kraken
24h perp volume · #1 vs #13 of 21 $53.58Bvs$572.6M Open interest · #1 vs #16 of 20 $31.75Bvs$485.4M Liquidations (24h) $87.0Mvs– Perpetual markets 231vs110 101 shared Taker fee 0.05%vs0.05% Max leverage 125xvs50x

Binance or Kraken: the short answer

Binance9 of 10Best for deeper BTC books, more volume and more licencesKraken0 of 10No clear wins on these measures

Where each coin trades more

The 12 biggest coins listed on both · share of their combined 24h volume

Coin Binance Share of 24h volume50% Kraken
BTC$14.21B98%2%$309.8M
ETH$9.81B99%1%$78.0M
SOXL$2.59B100%0%$232K
SNDK$1.99B100%0%$443K
XAU$1.77B100%0%$1.7M
SOL$1.51B98%2%$26.0M
ZEC$1.46B97%3%$38.6M
NEAR$655.9M98%2%$12.9M
XAG$627.4M100%0%$732K
XRP$583.8M99%1%$8.0M
SKHY$548.6M100%0%$229K
MU$512.9M100%0%$305K
Binance leads on all 12 coins · 99% of these coins' volume is on BinanceHover a row for details

BTC funding on Binance vs Kraken

Last 90 days · 8h equivalent · against the median of every tracked venue

Binance 90d average+0.0049%
Kraken 90d average+0.0060%
$10K long, 90 days$134 vs $163
Days Binance cheaper51 of 90

The same market on each venue

One perpetual, both order books · Binance has the deeper book

BTC/USDT Binance Share or difference50% Kraken
Price$82,0370.062% apart$81,986
24h volume$10.61B97%3%$307.7M
Open interest$7.80B98%2%$187.6M
Depth ±1%$78.0M98%2%$1.9M
Funding (8h)+0.0097%Longs pay less on Binance+0.0188%
Long / short1.05Longs lead on both1.10
Liquidations 24h$16.0M100%0%$0

Funding is an 8-hour equivalent; the lower rate is cheaper for longs. Depth is order book liquidity within 1% of the price.

Binance vs Kraken head to head

Fees, leverage and licences from each venue's published terms · volume and funding live · the better figure is ticked

Feature BinanceTrade KrakenTrade
Fees
Maker fee 0.02% 0.02%
Taker fee 0.05% 0.05%
Taker fee with referral code 0.045% 0.0425%
Referral code CPDISCOUNT10% fee rebate · Up to $100 welcome bonus h2p3c4sb15% fee rebate · $20 in BTC welcome bonus
Markets and liquidity · live
Perpetuals volume (24h)$53.58B$572.6M
Open interest$31.75B$485.4M
Liquidations (24h)$87.0M–
Options volume (24h)$1.21BNo options
Perpetual markets231110
Funding now · 8h equivalent
BTC funding rate+0.0100%+0.0240%
ETH funding rate+0.0075%+0.0129%
SOL funding rate+0.0100%+0.0070%
XRP funding rate+0.0100%+0.0119%
Trading
Maximum leverage 125x 50x
Contract types USDT and USDC USDC and USDT
Spot assets 400 369
Platform type Centralized Centralized
Trust and access
Licences and registrations 22FinCEN (USA), FINMA (Switzerland), FCA (UK), ADGM (Abu Dhabi), AMF (France), and 17 more 14Tier-1 Regulators including FCA (UK), BaFin (Germany), CySEC (Cyprus), DASP (France), MSB (USA & Canada), AUSTRAC (Australia), and 8 more
Proof of reserves Yes Check Yes Check
Countries served 160 150+
Users 265 Million 15 Million
Headquarters Dubai, United Arab Emirates United Arab Emirates
Coinperps score
Overall 9.3/10 8/10
Depth & liquidity 10 7
Trading fees 9.5 8.5
Assets & features 8 8
Regulation 10 9

Binance or Kraken: which should you choose?

Choose Binance if

  • You place large ordersBTC depth ±1%: $78.0M vs $1.9M
  • You want the busiest books24h volume: $53.58B vs $572.6M
  • Regulation matters to youLicences: 22 vs 14
  • You hold longs for days or weeksBTC funding, 90d avg: +0.0049% vs +0.0060%
  • You trade altcoinsPerpetual markets: 231 vs 110
  • You also buy and hold spotSpot assets: 400 vs 369
  • You use high leverageMax leverage: 125x vs 50x
  • You want deep positioning to trade againstOpen interest: $31.75B vs $485.4M
  • You want the higher-rated venue overallCoinperps score: 9.3 vs 8
Binance review Trade on Binance

Choose Kraken if

    Kraken review Trade on Kraken

    Level on taker fee (0.05%).

    Binance vs Kraken right now

    Binance traded $53.58B in perpetual futures over the last 24 hours, 94× Kraken's $572.6M. Binance also holds more open interest, $31.75B against $485.4M. On BTC, Binance's order book holds $78.0M within 1% of the price against $1.9M on Kraken, so large orders move the price less there. Over the last 90 days BTC funding averaged +0.0049% per 8 hours on Binance and +0.0060% on Kraken: a $10,000 long held throughout paid about $134 on Binance and $163 on Kraken. The two list 101 of the same coins; 76 trade only on Binance and 5 only on Kraken.

    Comparison by Coinperps Research · updated 13 Oct 2026

    Binance vs Kraken FAQ

    Live answers use both venues' perpetual markets · updated

    Is Binance or Kraken better for futures trading?

    Binance scores higher, 9.3 against 8 out of 10. Binance leads on depth and liquidity (10 vs 7) and trading fees (9.5 vs 8.5) and regulation (10 vs 9). The live panels on this page show which one has more volume, deeper books and cheaper funding right now. How we score exchanges.

    Which has lower fees, Binance or Kraken?

    Binance charges 0.02% maker and 0.05% taker on perpetual futures at the base tier; Kraken charges 0.02% and 0.05%. Opening and closing a $10,000 position with market orders costs about $10.00 on Binance and $10.00 on Kraken. The Binance referral code CPDISCOUNT adds a 10% fee rebate, which brings its taker fee to 0.045%. The Kraken referral code h2p3c4sb adds a 15% fee rebate, which brings its taker fee to 0.0425%. Both cut fees at higher VIP tiers. Funding payments are separate and go between traders.

    Which has more trading volume, Binance or Kraken?

    Binance has more perpetual futures volume: $53.58B in the last 24 hours against $572.6M on Kraken, 94× as much. Open interest is $31.75B on Binance and $485.4M on Kraken. Compare open interest across exchanges.

    Does Binance or Kraken offer higher leverage?

    Binance offers more, up to 125x against 50x on Kraken. Smaller markets have lower caps on both, and the limit falls as position size grows. At 125x a move of about 0.8% against you is enough to liquidate a position.

    Is Binance or Kraken safer?

    Binance lists 22 licences and registrations, including FinCEN (USA), FINMA (Switzerland), FCA (UK). Kraken lists 14, including Tier-1 Regulators including FCA (UK), BaFin (Germany), CySEC (Cyprus). Both publish proof of reserves, so users can check that customer assets are backed. Rules differ by country, so check that the exchange serves yours before you sign up.

    Which has lower funding rates, Binance or Kraken?

    Over the last 90 days BTC funding averaged +0.0049% per 8 hours on Binance and +0.0060% on Kraken, so longs paid less on Binance. Binance was cheaper on 51 of 90 days. Funding goes between traders, and when it is negative shorts pay longs instead. Live funding rates on every exchange.

    Which lists more perpetual futures, Binance or Kraken?

    Binance lists more: 231 live perpetual markets against 110. 101 coins trade on both; SKHYNIX, KORU, CL and 73 more only on Binance; PEPE, BRENTOIL, SHIB and 2 more only on Kraken.

    Which has better liquidity, Binance or Kraken?

    Binance has the deeper BTC order book: $78.0M of bids and asks within 1% of the price against $1.9M on Kraken. Deeper books mean less slippage on large market orders. Binance also trades 94× the 24h volume.

    Are there Binance and Kraken referral codes?

    Binance: use CPDISCOUNT for a 10% fee rebate · up to $100 welcome bonus (offer and terms). Kraken: use h2p3c4sb for a 15% fee rebate · $20 in btc welcome bonus (offer and terms).

    Where are Binance and Kraken based?

    Binance is headquartered in Dubai, United Arab Emirates and reports 265 million users. Kraken is headquartered in United Arab Emirates and reports 15 million users.

    Compare Binance with other exchanges

    Binance vs BingXBinance vs BitgetBinance vs BybitBinance vs Coinbase FuturesBinance vs Gate.ioBinance vs MEXCBinance vs OKXBinance vs Hyperliquid

    Compare Kraken with other exchanges

    Kraken vs BingXKraken vs BitgetKraken vs BybitKraken vs Gate.ioKraken vs HyperliquidKraken vs Coinbase FuturesKraken vs MEXCKraken vs OKX

    Live data from both venues' perpetual markets, refreshed every few minutes. Fees are base tier and change with VIP level. Ratings are Coinperps' own. Not financial advice. All 45 comparisons · Methodology