Coinbase vs Kraken
Same trade, two venues, full execution cost — fee, spread and slippage measured on live BTC order books, not copied from fee pages. Numbers refresh every minute.
Coinbase is cheaper right now for a $100K BTC futures trade — $3.47 less per trade (4.01 bps vs 4.35 bps).
Who wins at your size?
Fees are flat; depth is not. The cheaper venue can flip as order size grows.
| Size | Coinbase | Kraken | Cheaper |
|---|---|---|---|
| $10K | $4.01 | $4.31 | Coinbase |
| $100K | $40.08 | $43.55 | Coinbase |
| $1M | $500.04 | $573.68 | Coinbase |
| $10M | $10.3K | $10.0K | Kraken |
Trade on Coinbase — cheaper right now
Direct link — the ranking above is pure measurement.
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