Measured cost of a market buy
| Order | OKX | Kraken |
|---|---|---|
| BTC $10,000 | 5.01 bps ($5.01)Rank 18 of 38✓ | 5.07 bps ($5.07)Rank 22 of 38 |
| BTC $100,000 | 5.01 bps ($50.07)Rank 14 of 36✓ | 5.49 bps ($54.90)Rank 22 of 36 |
| BTC $1,000,000 | 5.01 bps ($500.67)Rank 10 of 32✓ | 7.02 bps ($702.40)Rank 28 of 32 |
| ETH $10,000 | 5.02 bps ($5.02)Rank 14 of 38✓ | 5.95 bps ($5.95)Rank 25 of 38 |
| ETH $100,000 | 5.46 bps ($54.59)Rank 18 of 37✓ | 6.80 bps ($67.96)Rank 28 of 37 |
| ETH $1,000,000 | 6.30 bps ($629.66)Rank 10 of 34✓ | 8.95 bps ($894.76)Rank 24 of 34 |
With equal entry fees, spread and price impact decide which exchange costs less.
The measured rows show the result for BTC and ETH at three sizes.
Fees, funding and market data
| Item | OKX | Kraken |
|---|---|---|
| Taker fee, base tier | 0.050% | 0.050% |
| Maker fee, base tier | 0.020% | 0.020% |
| Maximum leverage | 100x 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 | $50 | $50 |
| EEA product | X-Perps (expiry futures with funding) | Perpetual futures |
| Identity check (KYC) | Required | Required |
| United States | Limited | Limited |
| Canada | Not available | Not available |
| BTC funding rate | 0.0097% per 8hNovember 10, 2026, 08:37 UTC | 0.0016% per 1hNovember 10, 2026, 08:37 UTC |
| ETH funding rate | 0.0041% per 8hNovember 10, 2026, 08:37 UTC | 0.0015% per 1hNovember 10, 2026, 08:37 UTC |
| BTC perp open interest | Not collected | $187.5mNovember 10, 2026, 08:37 UTC |
| ETH perp open interest | Not collected | $63.4mNovember 10, 2026, 08:37 UTC |
| Reported 24h volume | $23.93bNov 10, 2026 | $894.1mNov 10, 2026 |
Each fee, leverage, settlement and custody value comes from the official page named here. The date is the day PerpFinder read the page.
Equal fees, different books
OKX and Kraken list the same entry fees, 0.02% maker and 0.05% taker, so the order book decides the cost of a market order. The OKX rates come from its futures ladder notice, and the Kraken rates from its fee schedule.
On a $100,000 order, each exchange charges $50 to take liquidity. Any gap in the measured rows comes from the spread and the price impact.
US and EEA products
In the US, Kraken sells perpetual futures through Kraken Derivatives US, a futures commission merchant registered with the CFTC. The OKX US terms for approved states describe no perps service. In the EEA, both exchanges use a MiFID firm.
Kraken sells perpetual futures through a firm in Cyprus. OKX sells X-Perps through a firm in Malta, and X-Perps are expiry futures that use a funding rate. Neither exchange offers derivatives to residents of Canada.
Funding periods
Kraken settles funding every hour. The OKX feed derives a BTC-USDT period of 8 hours from the time between settlements. Our sweep has open interest for Kraken and none for OKX.
Leverage
OKX lists 100x at the first BTC-USDT position tier, per its position tiers API. Kraken states up to 50x in select regions.
Contract history
Kraken futures started as Crypto Facilities. Its inverse BTC perpetual opened in August 2018, per the Kraken instruments API. The OKX BTC-USD swap has an API list date in August 2018 too, per the OKX instruments API.
OKX and Kraken book depth
The OKX BTC book held a $1,000,000 buy better. The order paid <0.01 bps above the fee on OKX and 2.02 bps on Kraken. The ETH result at $1,000,000 was 1.30 bps on OKX and 3.95 bps on Kraken. The book cost rose by 0.00 bps on OKX and by 1.96 bps on Kraken when the BTC order grew from $10,000 to $1,000,000.
Who can open an account
Both venues bar persons in Canada.
| Jurisdiction | OKX | Kraken |
|---|---|---|
| United States | Limited | Limited |
| United Kingdom | Limited | Limited |
| EU and EEA | Available | Available |
| Canada | Not available | Not available |
| Identity documents | Required | Required |
The OKX terms require a government-issued photo ID and evidence of residency for identity verification. Kraken requires Tier 3 or Tier 4 identity verification and an appropriateness questionnaire before EEA clients can trade derivatives.
A country that the terms do not name is not a permission. Check your local law before you open an account.
OKX vs Kraken FAQ
Is OKX or Kraken cheaper?
Their entry fees are equal: 0.02% maker and 0.05% taker on both.
The measured table shows which book filled a BTC or ETH market buy for less.
Can I trade OKX perps in the EEA?
Yes, in supported countries: OKX sells X-Perps through a MiFID II investment firm in Malta.
X-Perps are expiry futures that use a funding rate.
Does Kraken offer perps in the US?
Yes.
Kraken Derivatives US, a CFTC-registered futures commission merchant, offers perpetual futures to US residents, except in Maine and New York.
How often do OKX and Kraken settle funding?
Kraken settles funding every hour.
For the OKX BTC-USDT swap, our feed derives a period of 8 hours from the time between settlements.