Kraken vs OKX 2026: 2 live benchmarks compared

Name: Kraken vs OKX OpenChainBench measurements
Creator: OpenChainBench
License: https://creativecommons.org/licenses/by/4.0/

OpenChainBench

Kraken vs OKX

OKX leads on both live benchmarks. OKX wins on Perp DEX funding stability, 24h stddev of ETH funding ranked (0.0033% vs 0.015%), Funding paid to hold an ETH perp long for 30 days, per venue, live (29.0 bps vs 55.2 bps). Data as of 2026-11-02 UTC.

Read methodology Last measured Mon, 02 Nov 2026 00:09:39 UTCWindow: rolling 24h2 shared benchmarks

Kraken

Kraken is a US-registered centralized exchange founded in 2011, offering spot, margin and futures trading across 300+ assets with a strong reputation for security and regulatory compliance.

OKX

OKX is a major centralized exchange whose USDT-margined perpetual swaps settle funding on variable periods (typically 8 hours), with rates capped per instrument. Its OnchainOS Market API also indexes DEX trades across 27 chains, which is the surface measured for head lag.

Side by side measurements

Perp DEX funding stability, 24h stddev of ETH funding ranked

Trading

Kraken

Trails

0.015 %

p99: 0.050%
rank: #15
samples: 2,880

OKX

Leads

0.0033 %

p99: 0.0059%
rank: #4
samples: 2,880

24h ETH funding stddev

Krakenn/aOKXn/a

Ranked only with 24 hours of funding history (288 samples) and a stddev above zero: a young listing, or a venue whose rate has not moved since listing (Ondo Perps at launch, Polymarket in July), reads artificially stable and shows as Provisional, never as the leader. Stability is not directionality: a persistently positive but tight band ranks above a rate that flips every settlement.

Funding paid to hold an ETH perp long for 30 days, per venue, live

Trading

Kraken

Trails

55.2 bps

p99: 55.9 bps
rank: #17
samples: 720

OKX

Leads

29.0 bps

p99: 34.4 bps
rank: #6
samples: 720

Funding paid, 30d ETH long

Krakenn/aOKXn/a

Every row is a month of funding at the venue's average daily cost over the hours measured in the trailing 30 days (average x 30). A venue ranks only with 576 of the 720 hours (24 days) behind that average; under the floor the row is provisional, unranked, and shows its day count (the venues added on 2026-09-22 and 2026-09-23 start there). Funding is signed: on a month where shorts paid longs the figure is negative and "cheapest" means "was paid the most".

Frequently asked questions

Kraken vs OKX: which one is better?

Kraken and OKX are compared on 2 shared OpenChainBench benchmarks. OKX leads on Perp DEX funding stability, 24h stddev of ETH funding ranked. See the live table on this page for every metric.

Which is cheaper, Kraken or OKX?

On the Perp DEX funding stability, 24h stddev of ETH funding ranked benchmark, OKX leads at 0.0033% versus Kraken at 0.015%. Live measurement is updated continuously by the OpenChainBench harness.

How is the Kraken vs OKX comparison measured?

Every benchmark on this page uses the same open methodology, published at https://openchainbench.com/methodology. Data is CC-BY-4.0. Measurement harnesses are MIT-licensed.

How this pair was selected

Auto-generated pairs require: both providers in the same benchmark for seven consecutive days, at least 1000 samples per provider, observable third-party search demand, and a public /products/[slug] page on OCB. Editorially curated pairs (like this one) may publish early when search demand is high and data is accruing; panels with fewer than 100 samples are shown as provisional. The full pair ledger is versioned in the public repo.