Rakebk / Exchanges / BloFin vs Kraken
BloFin vs Kraken: which costs less after the rebate?
It depends on your monthly volume:
Under $5M: BloFin is cheaper · $360 vs $400 at $1M- $5M to $10M: about the same on both (under 1% apart)
- $10M to $15M: BloFin is cheaper · $3,000 vs $3,200 at $10M
From $15M up: Kraken is cheaper · $16,000 vs $25,500 at $100M
Cheaper under $5M · $10M to $15M
BloFin
40% back · fee 0.06%
$360
net cost at $1M / month
VS
Cheaper from $15M up
Kraken
20% back · fee 0.05%
$400
net cost at $1M / month
Your monthly volume$1M
$100K$1M$10M$100M$1B
BloFin code · 40% back
rakebk40
Kraken code · 20% back
35c3kz8s
Cheaper under $5M · $10M to $15MBloFin
BloFinsaves $40 a month at $1M
Cheaper from $15M upKraken
Krakensaves $9,500 a month at $100M
Fee after rebate at $1MBloFin0.0360%Kraken0.0400%
BloFin0.0360%Kraken0.0400%Saving at $1M
$40
a month on BloFin · $480 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.
BloFinKrakenWhat you actually pay each month
Trading fees minus the rebate, at five monthly volumes. Green is the cheaper one.
Volume / month
BloFin netKraken netDifference
$100K
$36
$40
BloFin saves $4
$1M
$360
$400
BloFin saves $40
$10M
$3,000
$3,200
BloFin saves $200
$50M
$12,750
$10,000
Kraken saves $2,750
$500M
$105,000
$60,000
Kraken saves $45,000
Which one is for you
Choose BloFin if
- You trade under $5M a month: it costs you less after the rebate
- You trade between $10M and $15M a month
Choose Kraken if
- You trade $15M a month or more: it costs you less after the rebate
- You want the lower fee from your very first trade: 0.05% vs 0.06%
Side by side
BloFinKrakenRebate
40%
20%
Entry taker fee
0.06%
0.05%
Fee after rebate
0.0360%
0.0400%
Net cost at $1M
$360
$400
Markets
Perpetuals, Spot
Perpetuals, Spot
Payout
Auto, usually 24h
Auto, usually 24h
Code
rakebk40
35c3kz8s
BloFin
- BloFin sets one tier for every market, on the best of 30 day futures volume, 30 day spot volume or total assets, so you can sit higher than the volume alone suggests.
- If you do not trade by API, VIP 4 and VIP 5 come earlier than the thresholds shown.
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.
BloFin · Derivatives
Tier
30-day volume
Maker
Taker
Regular
$0
0.02%
0.06%
VIP 1
$10,000,000
0.006%
0.05%
VIP 2
$25,000,000
0.004%
0.045%
VIP 3
$50,000,000
0.002%
0.0425%
VIP 4
$200,000,000
0.001%
0.04%
VIP 5
$500,000,000
0%
0.035%
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, BloFin or Kraken?
It depends on your monthly volume:
- Under $5M: BloFin is cheaper · $360 vs $400 at $1M
- $5M to $10M: about the same on both (under 1% apart)
- $10M to $15M: BloFin is cheaper · $3,000 vs $3,200 at $10M
- From $15M up: Kraken is cheaper · $16,000 vs $25,500 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.
- BloFin: 40% back on a 0.06% fee → you pay 0.0360%
- 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 23 Sep 2026
