Rakebk / Exchanges / Kraken vs TxFlow
Kraken vs TxFlow: which costs less after the rebate?
One answer at every volume:
At every volume: Kraken is cheaper · $400 vs $428 at $1M
Cheaper at every volume
Kraken
20% back · fee 0.05%
$400
net cost at $1M / month
VS
Never the cheaper one
TxFlow DEX No KYC Points
5% back · fee 0.045%
$428
net cost at $1M / month
Your monthly volume$1M
$100K$1M$10M$100M$1B
Kraken code · 20% back
35c3kz8s
TxFlow code · 5% back
TXTELLEZ
Cheaper at every volumeKraken
Krakensaves $28 a month at $1M
Cheaper at no volumeTxFlow
TxFlownever the cheaper one from $100K to $1B
Fee after rebate at $1MKraken0.0400%TxFlow0.0427%
Kraken0.0400%TxFlow0.0427%Saving at $1M
$28
a month on Kraken · $330 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.
KrakenTxFlowWhat you actually pay each month
Trading fees minus the rebate, at five monthly volumes. Green is the cheaper one.
Volume / month
Kraken netTxFlow netDifference
$100K
$40
$43
Kraken saves $3
$1M
$400
$428
Kraken saves $28
$10M
$3,200
$4,275
Kraken saves $1,075
$50M
$10,000
$19,000
Kraken saves $9,000
$500M
$60,000
$142,500
Kraken saves $82,500
Which one is for you
Choose Kraken if
- It costs you less after the rebate at every volume
Choose TxFlow if
- You want the lower fee from your very first trade: 0.045% vs 0.05%
- You want to trade without KYC (no ID verification)
Side by side
KrakenTxFlowRebate
20%
5%
Entry taker fee
0.05%
0.045%
Fee after rebate
0.0400%
0.0427%
Net cost at $1M
$400
$428
Markets
Perpetuals, Spot
Perpetuals, Spot
Payout
Auto, usually 24h
Instant, as a fee discount
Code
35c3kz8s
TXTELLEZ
KYC (ID verification)
Required
Not required
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.
TxFlow
- TxFlow is an on-chain perp DEX: log in with email or a wallet and deposit USDC, no ID check.
- The Code takes 5% off your perp and spot fees, at the fill, on your first $25M of combined volume.
- Tiers use 14 day volume (perps plus spot together), scaled here to a monthly equivalent.
- A points program is live; points have often been followed by a token airdrop, but nothing is confirmed.
- New users may need an access code from TxFlow's Discord.
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%
TxFlow · Derivatives
Tier
30-day volume
Maker
Taker
VIP 0
$0
0.015%
0.045%
VIP 1
$10,714,286
0.012%
0.04%
VIP 2
$53,571,429
0.008%
0.035%
VIP 3
$214,285,714
0.004%
0.03%
VIP 4
$1,071,428,571
0%
0.028%
VIP 5
$2,142,857,143
0%
0.026%
VIP 6
$4,285,714,286
0%
0.024%
Questions
Which is cheaper, Kraken or TxFlow?
One answer at every volume:
- At every volume: Kraken is cheaper · $400 vs $428 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%
- TxFlow: 5% back on a 0.045% fee → you pay 0.0427%
- 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
TxFlow code and fees5% back · full fee ladder · what it is worth
