BingX vs Kraken Futures Comparison

Fees, liquidity, funding and safety side by side Updated

Live · updated
Trade on BingX Trade on Kraken
24h perp volume · #8 vs #14 of 21 $3.47Bvs$696.9M Open interest · #11 vs #16 of 20 $2.30Bvs$500.8M Liquidations (24h) –vs– Perpetual markets 173vs106 77 shared Taker fee 0.05%vs0.05% Max leverage 125xvs50x

BingX or Kraken: the short answer

BingX7 of 10Best for deeper BTC books, more volume and cheaper long fundingKraken2 of 10Best for more licences and higher score

Where each coin trades more

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

Coin BingX Share of 24h volume50% Kraken
BTC$800.4M69%31%$354.7M
ETH$491.0M83%17%$100.8M
SOL$316.6M87%13%$47.9M
ZEC$108.4M70%30%$45.5M
AVAX$109.0M99%1%$1.1M
LTC$100.2M99%1%$1.1M
HYPE$63.6M65%35%$34.7M
NEAR$68.9M85%15%$11.8M
TAO$47.7M96%4%$2.2M
AAVE$45.5M96%4%$1.7M
BNB$46.2M98%2%$986K
XRP$31.9M75%25%$10.4M
BingX leads on all 12 coins · 78% of these coins' volume is on BingXHover a row for details

BTC funding on BingX vs Kraken

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

BingX 90d average+0.0059%
Kraken 90d average+0.0067%
$10K long, 90 days$158 vs $181
Days BingX cheaper51 of 90

The same market on each venue

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

BTC/USDT BingX Share or difference50% Kraken
Price$80,9860.103% apart$80,903
24h volume$638.9M66%34%$325.0M
Open interest$543.0M73%27%$205.7M
Depth ±1%$5.4M73%27%$2.1M
Funding (8h)+0.0100%Longs pay less on BingX+0.0114%
Long / short1.00Shorts lead on Kraken0.97
Liquidations 24h$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.

BingX 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 BingXTrade KrakenTrade
Fees
Maker fee 0.02% 0.02%
Taker fee 0.05% 0.05%
Taker fee with referral code 0.05% 0.0425%
Referral code – h2p3c4sb15% fee rebate · $20 in BTC welcome bonus
Markets and liquidity · live
Perpetuals volume (24h)$3.47B$696.9M
Open interest$2.30B$500.8M
Liquidations (24h)––
Options volume (24h)No optionsNo options
Perpetual markets173106
Funding now · 8h equivalent
BTC funding rate+0.0100%-0.0066%
ETH funding rate+0.0100%-0.0015%
SOL funding rate+0.0100%-0.0221%
XRP funding rate+0.0100%+0.0034%
Trading
Maximum leverage 125x 50x
Contract types USDT and USDC USDC and USDT
Spot assets 1,000 369
Platform type Centralized Centralized
Trust and access
Licences and registrations 1Only regulated by FSIC (Lithuania) 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 150 150+
Users 20 Million 15 Million
Headquarters Singapore United Arab Emirates
Coinperps score
Overall 7.3/10 8/10
Depth & liquidity 8 7
Trading fees 9 8.5
Assets & features 7 8
Regulation 5 9

BingX or Kraken: which should you choose?

Choose BingX if

  • You place large ordersBTC depth ±1%: $5.4M vs $2.1M
  • You want the busiest books24h volume: $3.47B vs $696.9M
  • You hold longs for days or weeksBTC funding, 90d avg: +0.0059% vs +0.0067%
  • You trade altcoinsPerpetual markets: 173 vs 106
  • You also buy and hold spotSpot assets: 1,000 vs 369
  • You use high leverageMax leverage: 125x vs 50x
  • You want deep positioning to trade againstOpen interest: $2.30B vs $500.8M
BingX review Trade on BingX

Choose Kraken if

  • Regulation matters to youLicences: 14 vs 1
  • You want the higher-rated venue overallCoinperps score: 8 vs 7.3
Kraken review Trade on Kraken

Level on taker fee (0.05%).

BingX vs Kraken right now

BingX traded $3.47B in perpetual futures over the last 24 hours, 5.0× Kraken's $696.9M. BingX also holds more open interest, $2.30B against $500.8M. On BTC, BingX's order book holds $5.4M within 1% of the price against $2.1M on Kraken, so large orders move the price less there. Over the last 90 days BTC funding averaged +0.0059% per 8 hours on BingX and +0.0067% on Kraken: a $10,000 long held throughout paid about $158 on BingX and $181 on Kraken. The two list 77 of the same coins; 33 trade only on BingX and 25 only on Kraken.

Comparison by Coinperps Research · updated 13 Oct 2026

BingX vs Kraken FAQ

Live answers use both venues' perpetual markets · updated

Is BingX or Kraken better for futures trading?

Kraken scores higher, 8 against 7.3 out of 10. BingX leads on depth and liquidity (8 vs 7) and trading fees (9 vs 8.5). Kraken leads on assets and features (8 vs 7) and regulation (9 vs 5). 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, BingX or Kraken?

BingX 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 BingX and $10.00 on Kraken. 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, BingX or Kraken?

BingX has more perpetual futures volume: $3.47B in the last 24 hours against $696.9M on Kraken, 5.0× as much. Open interest is $2.30B on BingX and $500.8M on Kraken. Compare open interest across exchanges.

Does BingX or Kraken offer higher leverage?

BingX 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 BingX or Kraken safer?

BingX lists 1 licences and registrations, including Only regulated by FSIC (Lithuania). 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, BingX or Kraken?

Over the last 90 days BTC funding averaged +0.0059% per 8 hours on BingX and +0.0067% on Kraken, so longs paid less on BingX. BingX 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, BingX or Kraken?

BingX lists more: 173 live perpetual markets against 106. 77 coins trade on both; 1000PEPE, EVAA, BEAT and 30 more only on BingX; PEPE, XAU, XAG and 22 more only on Kraken.

Which has better liquidity, BingX or Kraken?

BingX has the deeper BTC order book: $5.4M of bids and asks within 1% of the price against $2.1M on Kraken. Deeper books mean less slippage on large market orders. BingX also trades 5.0× the 24h volume.

Are there BingX and Kraken referral codes?

Kraken: use h2p3c4sb for a 15% fee rebate · $20 in btc welcome bonus (offer and terms).

Where are BingX and Kraken based?

BingX is headquartered in Singapore and reports 20 million users. Kraken is headquartered in United Arab Emirates and reports 15 million users.

Compare BingX with other exchanges

BingX vs BinanceBingX vs Coinbase FuturesBingX vs MEXCBingX vs BitgetBingX vs BybitBingX vs Gate.ioBingX vs HyperliquidBingX vs OKX

Compare Kraken with other exchanges

Kraken vs BinanceKraken 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