Kraken vs Coinbase Futures Comparison

Fees, liquidity, funding and safety side by side Updated

Live · updated
Trade on Kraken Trade on Coinbase
24h perp volume $696.9Mvs– Open interest $500.8Mvs– Liquidations (24h) –vs– Perpetual markets 106vs–   Taker fee 0.05%vs0.6% Max leverage 50xvs20x

Kraken or Coinbase: the short answer

Kraken5 of 6Best for lower taker fees, more licences and more spot assetsCoinbase1 of 6Best for cheaper long funding

Coinperps has no live market data for Coinbase Futures right now, so its live figures show as dashes. Fees, facts and scores are current.

BTC funding on Kraken vs Coinbase

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

Kraken 90d average+0.0067%
Coinbase 90d average+0.0048%
$10K long, 90 days$181 vs $129
Days Kraken cheaper33 of 90

The same market on each venue

One perpetual, both order books · live

BTC/USDT Kraken Share or difference50% Coinbase
Price$80,903Not listed
24h volume$325.0MNot listed
Open interest$205.7MNot listed
Depth ±1%$2.1MNot listed
Funding (8h)+0.0114%Not listed
Long / short0.97Not listed
Liquidations 24h$0Not listed

Coinbase Futures does not list a BTC perpetual in the feed. Funding is an 8-hour equivalent; the lower rate is cheaper for longs. Depth is order book liquidity within 1% of the price.

Kraken vs Coinbase head to head

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

Feature KrakenTrade Coinbase FuturesTrade
Fees
Maker fee 0.02% 0.4%
Taker fee 0.05% 0.6%
Taker fee with referral code 0.0425% 0.6%
Referral code h2p3c4sb15% fee rebate · $20 in BTC welcome bonus –
Markets and liquidity · live
Perpetuals volume (24h)$696.9M–
Open interest$500.8M–
Liquidations (24h)––
Options volume (24h)No options–
Perpetual markets106–
Funding now · 8h equivalent
BTC funding rate-0.0066%Not listed
ETH funding rate-0.0015%Not listed
SOL funding rate-0.0221%Not listed
XRP funding rate+0.0034%Not listed
Trading
Maximum leverage 50x 20x
Contract types USDC and USDT USDC only
Spot assets 369 285
Platform type Centralized Centralized
Trust and access
Licences and registrations 14Tier-1 Regulators including FCA (UK), BaFin (Germany), CySEC (Cyprus), DASP (France), MSB (USA & Canada), AUSTRAC (Australia), and 8 more 6Tier-1 Regulators including FCA (UK), BaFin (Germany), BitLicense (New York), MAS (Singapore), AUSTRAC (Australia), and VASP (Multiple EU countries)
Proof of reserves Yes Check Yes
Countries served 150+ 100
Users 15 Million 120 Million
Headquarters United Arab Emirates San Francisco, United States
Coinperps score
Overall 8/10 6.8/10
Depth & liquidity 7 7
Trading fees 8.5 3
Assets & features 8 7
Regulation 9 10

Kraken or Coinbase: which should you choose?

Choose Kraken if

  • You trade often with market ordersTaker fee: 0.05% vs 0.6%
  • Regulation matters to youLicences: 14 vs 6
  • You also buy and hold spotSpot assets: 369 vs 285
  • You use high leverageMax leverage: 50x vs 20x
  • You want the higher-rated venue overallCoinperps score: 8 vs 6.8
Kraken review Trade on Kraken

Choose Coinbase if

  • You hold longs for days or weeksBTC funding, 90d avg: +0.0048% vs +0.0067%
Coinbase review Trade on Coinbase

Kraken vs Coinbase right now

Over the last 90 days BTC funding averaged +0.0067% per 8 hours on Kraken and +0.0048% on Coinbase: a $10,000 long held throughout paid about $181 on Kraken and $129 on Coinbase. The two list 0 of the same coins; 102 trade only on Kraken and 0 only on Coinbase.

Comparison by Coinperps Research · updated 13 Oct 2026

Kraken vs Coinbase FAQ

Live answers use both venues' perpetual markets · updated

Is Kraken or Coinbase better for futures trading?

Kraken scores higher, 8 against 6.8 out of 10. Kraken leads on trading fees (8.5 vs 3) and assets and features (8 vs 7). Coinbase Futures leads on 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, Kraken or Coinbase?

Kraken charges 0.02% maker and 0.05% taker on perpetual futures at the base tier; Coinbase Futures charges 0.4% and 0.6%. Opening and closing a $10,000 position with market orders costs about $10.00 on Kraken and $120.00 on Coinbase Futures, so Kraken is cheaper for takers. 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.

Does Kraken or Coinbase offer higher leverage?

Kraken offers more, up to 50x against 20x on Coinbase Futures. Smaller markets have lower caps on both, and the limit falls as position size grows. At 50x a move of about 2% against you is enough to liquidate a position.

Is Kraken or Coinbase safer?

Kraken lists 14 licences and registrations, including Tier-1 Regulators including FCA (UK), BaFin (Germany), CySEC (Cyprus). Coinbase Futures lists 6, including Tier-1 Regulators including FCA (UK), BaFin (Germany), BitLicense (New York). 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, Kraken or Coinbase?

Over the last 90 days BTC funding averaged +0.0067% per 8 hours on Kraken and +0.0048% on Coinbase, so longs paid less on Coinbase. Kraken was cheaper on 33 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, Kraken or Coinbase?

Kraken lists more: 106 live perpetual markets against 0. 0 coins trade on both; BTC, ETH, SOL and 99 more only on Kraken.

Are there Kraken and Coinbase referral codes?

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

Where are Kraken and Coinbase based?

Kraken is headquartered in United Arab Emirates and reports 15 million users. Coinbase Futures is headquartered in San Francisco, United States and reports 120 million users.

Compare Kraken with other exchanges

Kraken vs BinanceKraken vs BingXKraken vs BitgetKraken vs BybitKraken vs Gate.ioKraken vs HyperliquidKraken vs MEXCKraken vs OKX

Compare Coinbase Futures with other exchanges

Coinbase Futures vs BinanceCoinbase Futures vs BingXCoinbase Futures vs BitgetCoinbase Futures vs BybitCoinbase Futures vs MEXCCoinbase Futures vs Gate.ioCoinbase Futures vs HyperliquidCoinbase Futures 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