Rakebk / Exchanges / Kraken vs OKX
Kraken vs OKX: which costs less after the rebate?
One answer at every volume:
At every volume: Kraken is cheaper · $400 vs $450 at $1M
Cheaper at every volume
Kraken
20% back · fee 0.05%
$400
net cost at $1M / month
VS
Never the cheaper one
OKX
10% back · fee 0.05%
$450
net cost at $1M / month
Your monthly volume$1M
$100K$1M$10M$100M$1B
Kraken code · 20% back
35c3kz8s
OKX code · 10% back
RAKEBK10
Cheaper at every volumeKraken
Krakensaves $50 a month at $1M
Cheaper at no volumeOKX
OKXnever the cheaper one from $100K to $1B
Fee after rebate at $1MKraken0.0400%OKX0.0450%
Kraken0.0400%OKX0.0450%Saving at $1M
$50
a month on Kraken · $600 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.
KrakenOKXWhat you actually pay each month
Trading fees minus the rebate, at five monthly volumes. Green is the cheaper one.
Volume / month
Kraken netOKX netDifference
$100K
$40
$45
Kraken saves $5
$1M
$400
$450
Kraken saves $50
$10M
$3,200
$3,240
Kraken saves $40
$50M
$10,000
$12,600
Kraken saves $2,600
$500M
$60,000
$121,500
Kraken saves $61,500
Which one is for you
Choose Kraken if
- It costs you less after the rebate at every volume
Choose OKX if
- You already have an account there
Side by side
KrakenOKXRebate
20%
10%
Entry taker fee
0.05%
0.05%
Fee after rebate
0.0400%
0.0450%
Net cost at $1M
$400
$450
Markets
Perpetuals, Spot
Perpetuals, Spot
Payout
Auto, usually 24h
Auto, usually 24h
Code
35c3kz8s
RAKEBK10
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.
OKX
- OKX grants the same tier on total assets as well as on 30 day futures volume, so a $100K balance alone reaches VIP 1.
- From VIP 7 up, the 10 most traded pairs are priced lower than the rest; the ladder above shows those top 10 pairs.
The two fee ladders
The evidence behind every figure above, as each exchange publishes it.
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%
OKX · Derivatives
Tier
30-day volume
Maker
Taker
Regular
$0
0.02%
0.05%
VIP 1
$5,000,000
0.016%
0.045%
VIP 2
$10,000,000
0.015%
0.036%
VIP 3
$50,000,000
0.01%
0.028%
VIP 4
$200,000,000
0.008%
0.027%
VIP 5
$600,000,000
0.005%
0.026%
VIP 6
$1,000,000,000
0%
0.025%
VIP 7
$1,500,000,000
-0.002%
0.02%
VIP 8
$2,000,000,000
-0.005%
0.02%
VIP 9
$20,000,000,000
-0.005%
0.015%
Questions
Which is cheaper, Kraken or OKX?
One answer at every volume:
- At every volume: Kraken is cheaper · $400 vs $450 at $1M
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.
- Kraken: 20% back on a 0.05% fee → you pay 0.0400%
- OKX: 10% back on a 0.05% fee → you pay 0.0450%
- 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
