Rakebk / Exchanges / BingX vs Kraken
BingX vs Kraken: which costs less after the rebate?
It depends on your monthly volume:
Under $40M: BingX is cheaper · $300 vs $400 at $1M
From $40M up: Kraken is cheaper · $28,800 vs $36,000 at $200M
Cheaper under $40M
BingX
40% back · fee 0.05%
$300
net cost at $1M / month
VS
Cheaper from $40M up
Kraken
20% back · fee 0.05%
$400
net cost at $1M / month
Your monthly volume$1M
$100K$1M$10M$100M$1B
BingX code · 40% back
PTY3WGFW
Kraken code · 20% back
35c3kz8s
Cheaper under $40MBingX
BingXsaves $100 a month at $1M
Cheaper from $40M upKraken
Krakensaves $7,200 a month at $200M
Fee after rebate at $1MBingX0.0300%Kraken0.0400%
BingX0.0300%Kraken0.0400%Saving at $1M
$100
a month on BingX · $1,200 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.
BingXKrakenWhat you actually pay each month
Trading fees minus the rebate, at five monthly volumes. Green is the cheaper one.
Volume / month
BingX netKraken netDifference
$100K
$30
$40
BingX saves $10
$1M
$300
$400
BingX saves $100
$10M
$2,400
$3,200
BingX saves $800
$50M
$10,500
$10,000
Kraken saves $500
$500M
$75,000
$60,000
Kraken saves $15,000
Which one is for you
Choose BingX if
- You trade under $40M a month: it costs you less after the rebate
Choose Kraken if
- You trade $40M a month or more: it costs you less after the rebate
Side by side
BingXKrakenRebate
40%
20%
Entry taker fee
0.05%
0.05%
Fee after rebate
0.0300%
0.0400%
Net cost at $1M
$300
$400
Markets
Perpetuals, Spot
Perpetuals, Spot
Payout
Auto, usually 24h
Auto, usually 24h
Code
PTY3WGFW
35c3kz8s
BingX
- BingX sets one tier for every market, on the best of 30 day futures volume, 30 day spot volume or yesterday's assets, so you can sit higher than the volume alone suggests.
- Elite is a real tier between Regular and VIP 1.
- From VIP 4 up, API trading must stay under 20% of your volume.
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.
BingX · Derivatives
Tier
30-day volume
Maker
Taker
Regular
$0
0.02%
0.05%
Elite
$5,000,000
0.018%
0.045%
VIP 1
$10,000,000
0.014%
0.04%
VIP 2
$20,000,000
0.012%
0.0375%
VIP 3
$50,000,000
0.01%
0.035%
VIP 4
$100,000,000
0.008%
0.0315%
VIP 5
$200,000,000
0.006%
0.03%
Supreme VIP
$500,000,000
0%
0.025%
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, BingX or Kraken?
It depends on your monthly volume:
- Under $40M: BingX is cheaper · $300 vs $400 at $1M
- From $40M up: Kraken is cheaper · $28,800 vs $36,000 at $200M
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.
- BingX: 40% back on a 0.05% fee → you pay 0.0300%
- 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 30 Sep 2026
Go deeper
BingX code and fees40% back · full fee ladder · what it is worth
Kraken code and fees20% back · full fee ladder · what it is worth
