Measured cost of a market buy
| Order | Bybit | Kraken |
|---|---|---|
| BTC $10,000 | 5.51 bps ($5.51)Rank 24 of 38 | 5.06 bps ($5.06)Rank 21 of 38✓ |
| BTC $100,000 | 5.51 bps ($55.06)Rank 22 of 37✓ | 5.98 bps ($59.85)Rank 23 of 37 |
| BTC $1,000,000 | 5.93 bps ($593.48)Rank 13 of 33✓ | 7.17 bps ($716.62)Rank 20 of 33 |
| ETH $10,000 | 5.52 bps ($5.52)Rank 23 of 39✓ | 6.02 bps ($6.02)Rank 32 of 39 |
| ETH $100,000 | 6.56 bps ($65.58)Rank 28 of 38✓ | 6.94 bps ($69.40)Rank 29 of 38 |
| ETH $1,000,000 | 7.95 bps ($795.30)Rank 19 of 33✓ | 8.72 bps ($872.24)Rank 21 of 33 |
Kraken charges 0.05% taker against 0.055% on Bybit, and both charge makers 0.02%.
The measured rows show whether the Bybit book makes up the fee gap at each size.
Fees, funding and market data
| Item | Bybit | Kraken |
|---|---|---|
| Taker fee, base tier | 0.055% | 0.050%✓ |
| Maker fee, base tier | 0.020% | 0.020% |
| Maximum leverage | 150x on BTC | 50x on BTC |
| Chain and settlement | Off-chain ledgerCEX | Off-chain ledgerCEX |
| Custody of funds | Exchange holds depositsCEX | Exchange holds depositsCEX |
| Taker fee on a $100,000 order | $55 | $50✓ |
| Identity check (KYC) | Required | Required |
| United States | Not available | Limited |
| EU and EEA | Not named | Available |
| United Kingdom | Not available | Limited |
| BTC funding rate | 0.0093% per 8hOctober 16, 2026, 07:37 UTC | 0.0017% per 1hOctober 16, 2026, 07:37 UTC |
| ETH funding rate | 0.0035% per 8hOctober 16, 2026, 07:37 UTC | 0.0008% per 1hOctober 16, 2026, 07:37 UTC |
| BTC perp open interest | $4.79bOctober 16, 2026, 07:37 UTC | $183.7mOctober 16, 2026, 07:37 UTC |
| ETH perp open interest | $1.97bOctober 16, 2026, 07:37 UTC | $68.9mOctober 16, 2026, 07:37 UTC |
| Reported 24h volume | $18.50bOct 16, 2026 | $1.10bOct 16, 2026 |
Each fee, leverage, settlement and custody value comes from the official page named here. PerpFinder read every page on Sep 23, 2026.
Same maker fee, different taker fee
At the entry tier, Bybit and Kraken both charge makers a fee of 0.02%. Kraken charges takers 0.5 basis points less. The Bybit fee page lists a taker fee of 0.055% for non-VIP accounts.
The Kraken fee schedule lists a taker fee of 0.05% at futures Tier 1. On a $10,000 market order the gap is $0.50. On a $100,000 order the gap is $5.
Funding periods
Kraken settles funding every hour. For BTCUSDT, Bybit settles funding every 8 hours. A Bybit rate covers a period 8 times as long as a Kraken rate. Kraken pays funding 24 times a day.
Bybit pays it 3 times a day. So convert both rates to one day first. Our sweep reads funding and open interest on both exchanges.
UK and EEA access
Bybit no longer accepts new UK residents. From October 21, 2026, Bybit limits UK accounts. From that date, UK accounts can only withdraw funds and convert small balances. Bybit also says it will limit some Bybit Global services for EEA residents. Kraken sells perps to EEA clients through a CySEC-licensed firm.
In the UK, only professional clients can trade Kraken derivatives. Kraken serves US residents through Kraken Derivatives US. The firm does not serve Maine and New York. The Bybit terms bar the United States.
Leverage
The Bybit instruments API lists 150x for BTCUSDT. Kraken states up to 50x in select regions. EU clients get up to 10x on eligible pairs.
Licences and security record
On February 21, 2025, more than 400,000 ETH and stETH left a Bybit cold wallet. The coins went to an unknown address, per the Bybit incident update. Bybit holds a UAE SCA licence for its platform operator company.
Bybit states this in a press release. Kraken has a licence page. The page lists licences in the EEA, the UK, the US and other countries.
Bybit and Kraken book depth
The Bybit BTC book held a $1,000,000 buy better. The order paid 0.43 bps above the fee on Bybit and 2.17 bps on Kraken. The ETH result at $1,000,000 was 2.45 bps on Bybit and 3.72 bps on Kraken. The book cost rose by 0.43 bps on Bybit and by 2.11 bps on Kraken when the BTC order grew from $10,000 to $1,000,000.
Bybit carried $4.79b of open BTC perp positions at the last sweep. Kraken carried $183.7m.
Bybit vs Kraken FAQ
Is Kraken cheaper than Bybit for futures?
For takers, yes: Kraken charges 0.05% and Bybit charges 0.055% at the entry tier.
Both charge makers 0.02%.
How do I compare Bybit and Kraken funding rates?
Convert both rates to one day: Kraken pays funding 24 times a day and Bybit pays it 3 times a day.
Can UK residents trade on Bybit or Kraken?
Bybit no longer accepts new UK residents, and from October 21, 2026 it limits UK accounts to withdrawals and small-balance conversion.
Kraken offers derivatives in the UK only to professional clients.
Which has higher leverage, Bybit or Kraken?
Bybit lists 150x for BTCUSDT.
Kraken states up to 50x in select regions.