OKX vs Kraken Futures Comparison

Fees, liquidity, funding and safety side by side Updated

Live · updated
Trade on OKX Trade on Kraken
24h perp volume · #2 vs #14 of 21 $19.43Bvs$696.9M Open interest · #6 vs #16 of 20 $7.80Bvs$500.8M Liquidations (24h) $20.7Mvs– Perpetual markets 173vs106 92 shared Taker fee 0.05%vs0.05% Max leverage 100xvs50x

OKX or Kraken: the short answer

OKX7 of 10Best for deeper BTC books, more volume and cheaper long fundingKraken2 of 10Best for more licences and more spot assets

Where each coin trades more

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

Coin OKX Share of 24h volume50% Kraken
BTC$5.62B94%6%$354.7M
ETH$5.56B98%2%$100.8M
SNDK$1.00B100%0%$488K
ZEC$864.8M95%5%$45.5M
SOL$750.7M94%6%$47.9M
SOXL$537.8M100%0%$209K
PEPE$337.2M98%2%$7.2M
XAU$292.7M99%1%$4.1M
SKHY$209.4M99%1%$1.3M
XRP$195.5M95%5%$10.4M
DOGE$186.3M97%3%$5.3M
HYPE$144.6M81%19%$34.7M
OKX leads on all 12 coins · 96% of these coins' volume is on OKXHover a row for details

BTC funding on OKX vs Kraken

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

OKX 90d average+0.0052%
Kraken 90d average+0.0067%
$10K long, 90 days$139 vs $181
Days OKX cheaper52 of 90

The same market on each venue

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

BTC/USDT OKX Share or difference50% Kraken
Price$80,9880.105% apart$80,903
24h volume$4.80B94%6%$325.0M
Open interest$2.52B92%8%$205.7M
Depth ±1%$25.2M92%8%$2.1M
Funding (8h)+0.0100%Longs pay less on OKX+0.0114%
Long / short1.02Longs lead on OKX · Shorts lead on Kraken0.97
Liquidations 24h$1.5M100%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.

OKX 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 OKXTrade KrakenTrade
Fees
Maker fee 0.02% 0.02%
Taker fee 0.05% 0.05%
Taker fee with referral code 0.0425% 0.0425%
Referral code CPDISCOUNT15% fee rebate · Up to 5,100 USDT welcome bonus h2p3c4sb15% fee rebate · $20 in BTC welcome bonus
Markets and liquidity · live
Perpetuals volume (24h)$19.43B$696.9M
Open interest$7.80B$500.8M
Liquidations (24h)$20.7M–
Options volume (24h)$751.1MNo 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 100x 50x
Contract types USDT and USDC USDC and USDT
Spot assets 311 369
Platform type Centralized Centralized
Trust and access
Licences and registrations 8Tier-1 Regulators including MiCA and MiFID II (Europe), MAS (Singapore), AUSTRAC (Australia), VARA (UAE), and 4 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 100 150+
Users 120 Million 15 Million
Headquarters Dubai, United Arab Emirates United Arab Emirates
Coinperps score
Overall 8.6/10 8/10
Depth & liquidity 9 7
Trading fees 9.5 8.5
Assets & features 7 8
Regulation 9.5 9

OKX or Kraken: which should you choose?

Choose OKX if

  • You place large ordersBTC depth ±1%: $25.2M vs $2.1M
  • You want the busiest books24h volume: $19.43B vs $696.9M
  • You hold longs for days or weeksBTC funding, 90d avg: +0.0052% vs +0.0067%
  • You trade altcoinsPerpetual markets: 173 vs 106
  • You use high leverageMax leverage: 100x vs 50x
  • You want deep positioning to trade againstOpen interest: $7.80B vs $500.8M
  • You want the higher-rated venue overallCoinperps score: 8.6 vs 8
OKX review Trade on OKX

Choose Kraken if

  • Regulation matters to youLicences: 14 vs 8
  • You also buy and hold spotSpot assets: 369 vs 311
Kraken review Trade on Kraken

Level on taker fee (0.05%).

OKX vs Kraken right now

OKX traded $19.43B in perpetual futures over the last 24 hours, 28× Kraken's $696.9M. OKX also holds more open interest, $7.80B against $500.8M. On BTC, OKX's order book holds $25.2M 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 +0.0052% per 8 hours on OKX and +0.0067% on Kraken: a $10,000 long held throughout paid about $139 on OKX and $181 on Kraken. The two list 92 of the same coins; 66 trade only on OKX and 10 only on Kraken.

Comparison by Coinperps Research · updated 13 Oct 2026

OKX vs Kraken FAQ

Live answers use both venues' perpetual markets · updated

Is OKX or Kraken better for futures trading?

OKX scores higher, 8.6 against 8 out of 10. OKX leads on depth and liquidity (9 vs 7) and trading fees (9.5 vs 8.5) and regulation (9.5 vs 9). Kraken leads on assets and features (8 vs 7). 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, OKX or Kraken?

OKX 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 OKX and $10.00 on Kraken. The OKX referral code CPDISCOUNT adds a 15% fee rebate, which brings its taker fee to 0.0425%. 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, OKX or Kraken?

OKX has more perpetual futures volume: $19.43B in the last 24 hours against $696.9M on Kraken, 28× as much. Open interest is $7.80B on OKX and $500.8M on Kraken. Compare open interest across exchanges.

Does OKX or Kraken offer higher leverage?

OKX offers more, up to 100x against 50x on Kraken. Smaller markets have lower caps on both, and the limit falls as position size grows. At 100x a move of about 1% against you is enough to liquidate a position.

Is OKX or Kraken safer?

OKX lists 8 licences and registrations, including Tier-1 Regulators including MiCA and MiFID II (Europe), MAS (Singapore), AUSTRAC (Australia). 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, OKX or Kraken?

Over the last 90 days BTC funding averaged +0.0052% per 8 hours on OKX and +0.0067% on Kraken, so longs paid less on OKX. OKX was cheaper on 52 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, OKX or Kraken?

OKX lists more: 173 live perpetual markets against 106. 92 coins trade on both; SKHYNIX, CL, SPCX and 63 more only on OKX; QNT, XAUT, XMR and 7 more only on Kraken.

Which has better liquidity, OKX or Kraken?

OKX has the deeper BTC order book: $25.2M of bids and asks within 1% of the price against $2.1M on Kraken. Deeper books mean less slippage on large market orders. OKX also trades 28× the 24h volume.

Are there OKX and Kraken referral codes?

OKX: use CPDISCOUNT for a 15% fee rebate · up to 5,100 usdt welcome bonus (offer and terms). Kraken: use h2p3c4sb for a 15% fee rebate · $20 in btc welcome bonus (offer and terms).

Where are OKX and Kraken based?

OKX is headquartered in Dubai, United Arab Emirates and reports 120 million users. Kraken is headquartered in United Arab Emirates and reports 15 million users.

Compare OKX with other exchanges

OKX vs BinanceOKX vs BybitOKX vs HyperliquidOKX vs BingXOKX vs BitgetOKX vs Coinbase FuturesOKX vs Gate.ioOKX vs MEXC

Compare Kraken with other exchanges

Kraken vs BinanceKraken vs BingXKraken vs BitgetKraken vs BybitKraken vs Gate.ioKraken vs HyperliquidKraken vs Coinbase FuturesKraken vs MEXC

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