Deribit Compare Perpetual Contracts Against Competitors

Deribit Compare Perpetual Contracts Against Competitors

Now in its second year, Deribit’s Perpetual Contracts have proven one of its most popular products on their platform. In a newly released blog post, they have outlined the pros it offers against other big-name competitors in the same field.

Their contracts have been available to traders since August 2018 and are described by Deribit as their “most popular product”. Stating that their perpetual swaps can make up for 80% of the trading volume on their platform at any given time.

Of course, this is great for them, but how does it fare in comparison to other similar products on the market? Well, the platform has taken it upon themselves to compare their perpetual contracts against well-known firms, Bitmex, OKEx, and Crypto Facilities. Let’s take a look at the details they have outlined.


The first element Deribit touched on was the funding payments of these platforms, which, as per Deribit, “are in place to keep perpetual contract stays as close as possible to the price of the underlying instrument’s price”

What Deribit points out for their platform is that due to a continuously funding and calculation process, which occurs every millisecond, it helps to avoid artificial volatility and maintains a stable price relationship between the perpetual and index price.

Other platforms are noted as taking considerably longer in doing so. With OKEx and Bitmex doing so every 8 hours under different conditions, and Crypto Facilities doing so every 4.


The accuracy of the index and its rejection to manipulation helps to prevent false liquidations not based on general market conditions. To ensure Deribit index is as accurate as possible, it rejects the use of lowest and highest prices and instead, tracks the real-time BTC price.

They use their own Index, which is compiled from 6 different exchange platforms, BitStamp, Gemini, Bitfinex, ItBit, Coinbase, and Kraken. From whom they take the best bid and best ask price before calculating the mid-price via EWAP (equally-weighted average price). Other platforms use fewer platforms as a comparison, but EWAP is still in place.


In terms of liquidation, Deribit’s incremental liquidation system limits risk. This system comes into place when an account can no longer maintain the equity on their position. When this happens, it will begin closing down small parts of the position in the market at the rate of 12.5% of the position size.

This then stops when the maintenance margin is lower than the margin balance to prevent closing at bankruptcy and allowing for liquidation execution at a favourable price. This paired with an insurance fund also provides extra security. It is Deribit’s claim that due to this, they “have not had any socialized losses.

Other platforms have different methods of how they handle liquidation, with OKEx using a socialized loss mechanism, Bitmex using auto deleveraging and Crypto Facilities using a three-step procedure. The latter though has no insurance fund, lower max leverage and higher initial and maintenance margins.

 Contract Details

Deribit offers one of the highest market maker rebates and allows traders to have several separate positions on the same instrument. The latter option opens up more strategies to traders and also allows for various risk profiles all in play at once. With the option to net them all together via the same account automatically.

In terms of Min Tick Size, Contract Size, Maker Fee and Taker Fee it is widely varied across the board, however. With the only significant difference being the Leverage Adjustment, with Deribit offering a Main/Sub Account, while the others opt for either Cross, Fixed or Isolated margins.


As they have highlighted, there are various benefits to opting for Deribit for your perpetual contracts over their competitors. Plus, with the inclusion of the Ethereum perpetual alongside other new products and updates, they are set on providing a top crypto derivatives trading service.

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News


ChangeNOW Launches The NOW Tracker App

The young, but fast-growing online cryptocurrency exchange, ChangeNOW, has just announced the release of its latest product. The NOW Tracker is a free asset management app that lets users keep track of their coins and tokens across different wallets. Available on Google Play and the App Store, NOW Tracker is flexible and functional. This solution […]

9 September, 2021

eToro Becomes An Official Partner Of RB Leipzig

The world’s leading social investment network, eToro, has recently announced a new and exciting partnership. According to an announcement on eToro’s Twitter page, the company has become the latest partner of the German football team, RB Leipzig. A two-year partnership agreement has been signed between the parties. Running until 2023, this agreement can be extended […]

24 August, 2021

PSG’s Messi To Receive Part Of His Salary In Cryptocurrency

The Argentinian footballer, Lionel Messi, has made headline news several times in the past few weeks. Following his surprise departure from FC Barcelona, the player confirmed that he will be joining Paris Saint-Germain FC. The move was significantly newsworthy but got even more interest when it was announced that part of the footballer’s salary will […]

23 August, 2021

KingTiger Casino Announces Shut Down

KingTiger Casino has announced that it has ceased all operations until further notice. According to its website, the casino has had to “temporarily close” due to Ethereum network congestion. It is not yet clear if and when this online Bitcoin casino will reopen. Registered players can still access their wallet and withdraw their funds. A […]

12 August, 2021

CryptoCasino Announces Temporary Close

CryptoCasino has stopped operating until further notice. According to a landing page on their website, the casino is undergoing an update. There is no information about when the casino will reopen or the reason why an update required the website to shut down temporarily. Players who hold a crypto wallet account with CryptoCasino need not […]

11 August, 2021

Binance Suspends SEPA Inward Payments Until Further Notice

Binance Suspends SEPA Inward Payments Until Further Notice Binance has just announced that it has temporarily stopped all incoming SEPA payments. As a result, users will no longer be able to deposit euros using the primary European payments network. The world’s largest cryptocurrency exchange did not provide any specific information regarding the reason behind this […]

12 July, 2021

Why are Crypto Holders Worried of Declaring Their Ownership?

Cryptocurrencies have been popularly regarded as the future of finance globally. Investing in virtual coins has become a lot easier than it was a few years ago with the evolving crypto industry. Over the last few years, Bitcoin has caused a lot of buzz in the market. It has established itself as the de facto […]

8 July, 2021

Bitcoin On The Rebound Following Elon Musk’s Latest Announcement

The price of the world’s largest cryptocurrency is rising again following the latest comments from Elon Musk. Bitcoin’s price has climbed and stayed above $40,000 on Monday 14th June, following an announcement by Musk that Tesla will, once again, start accepting BTC payments. The latest comments have proven once more what a powerful influence the […]

16 June, 2021