Rakebk / Exchanges / Aster vs Kraken
Aster vs Kraken: which costs less after the rebate?
It depends on your monthly volume:
Under $5M: Aster is cheaper · $380 vs $400 at $1M
From $5M up: Kraken is cheaper · $16,000 vs $31,350 at $100M
Cheaper under $5M
Aster DEX No KYC
5% back · fee 0.04%
$380
net cost at $1M / month
VS
Cheaper from $5M up
Kraken
20% back · fee 0.05%
$400
net cost at $1M / month
Your monthly volume$1M
$100K$1M$10M$100M$1B
Aster code · 5% back
sWvM44
Kraken code · 20% back
35c3kz8s
Cheaper under $5MAster
Astersaves $20 a month at $1M
Cheaper from $5M upKraken
Krakensaves $15,350 a month at $100M
Fee after rebate at $1MAster0.0380%Kraken0.0400%
Aster0.0380%Kraken0.0400%Saving at $1M
$20
a month on Aster · $240 a year
What every $1M you trade costs, after the rebate
The more you trade, the cheaper each exchange's fee tier gets. Where the lines cross, the cheaper exchange changes. Hover to price any volume.
AsterKrakenWhat you actually pay each month
Trading fees minus the rebate, at five monthly volumes. Green is the cheaper one.
Volume / month
Aster netKraken netDifference
$100K
$38
$40
Aster saves $2
$1M
$380
$400
Aster saves $20
$10M
$3,800
$3,200
Kraken saves $600
$50M
$16,625
$10,000
Kraken saves $6,625
$500M
$109,250
$60,000
Kraken saves $49,250
Which one is for you
Choose Aster if
- You trade under $5M a month: it costs you less after the rebate
- You want the lower fee from your very first trade: 0.04% vs 0.05%
- You want to trade without KYC (no ID verification)
Choose Kraken if
- You trade $5M a month or more: it costs you less after the rebate
Side by side
AsterKrakenRebate
5%
20%
Entry taker fee
0.04%
0.05%
Fee after rebate
0.0380%
0.0400%
Net cost at $1M
$380
$400
Markets
Perpetuals, Spot
Perpetuals, Spot
Payout
Auto, usually 24h
Auto, usually 24h
Code
sWvM44
35c3kz8s
KYC (ID verification)
Not required
Required
Aster
- Aster figures here assume you hold the $ASTER each fee tier requires (500 for VIP 2, up to 2.5M for VIP 6); without it you stay on VIP 1, 0.04%, at any volume.
- The amount per level is on the Aster page.
Kraken
- Kraken Futures is a separate product from Kraken spot and is priced far lower, so switch the toggle rather than reading one ladder for both.
- Since July 2026 Kraken sets ONE tier across the whole platform, on the best of your 30 day spot volume, your 30 day futures volume or the assets you hold there, read live rather than averaged, so spot trading can be what earns you a cheaper futures fee.
The two fee ladders
The evidence behind every figure above, as each exchange publishes it.
Aster · Derivatives
Tier
30-day volume
Maker
Taker
VIP 1
$0
0
0%
0.04%
VIP 2
$10,714,286
500
0%
0.035%
VIP 3
$53,571,429
2,500
0%
0.033%
VIP 4
$214,285,714
25,000
0%
0.023%
VIP 5
$1,071,428,571
250,000
0%
0.02%
VIP 6
$2,142,857,143
2,500,000
0%
0.016%
Kraken · Derivatives
Tier
30-day volume
Maker
Taker
Tier 1
$0
0.02%
0.05%
Tier 2
$5,000,000
0.0175%
0.045%
Tier 3
$10,000,000
0.015%
0.04%
Tier 4
$15,000,000
0.0125%
0.035%
Tier 5
$25,000,000
0.01%
0.03%
Tier 6
$40,000,000
0.0075%
0.0275%
Tier 7
$50,000,000
0.005%
0.025%
Tier 8
$75,000,000
0.005%
0.0225%
Tier 9
$100,000,000
0%
0.02%
Tier 10
$150,000,000
0%
0.018%
Tier 11
$250,000,000
-0.003%
0.0175%
Pro 1
$400,000,000
-0.003%
0.016%
Pro 2
$500,000,000
-0.005%
0.015%
Pro 3
$1,000,000,000
-0.006%
0.0135%
Pro 5
$5,000,000,000
-0.006%
0.0125%
Questions
Which is cheaper, Aster or Kraken?
It depends on your monthly volume:
- Under $5M: Aster is cheaper · $380 vs $400 at $1M
- From $5M up: Kraken is cheaper · $16,000 vs $31,350 at $100M
Why does the bigger rebate not always win?
A rebate is a share of the fee. A higher fee can hand back more dollars and still cost you more.
- Aster: 5% back on a 0.04% fee → you pay 0.0380%
- Kraken: 20% back on a 0.05% fee → you pay 0.0400%
- What you pay is the fee after the rebate, not the rebate %
Can I use both codes?
Yes.
- They are separate exchanges, so each account gets its own rebate
- Open each one through its own Rakebk link or code
- A code only works on a new account
How are these numbers worked out?
- Every order counted as a taker
- At the fee tier your monthly volume reaches on each exchange's published ladder
- Minus the rebate
- Both ladders are on this page, read from each exchange's own fee page
- Updated 19 Oct 2026
Go deeper
Kraken code and fees20% back · full fee ladder · what it is worth
Aster code and fees5% back · full fee ladder · what it is worth
