By Riddhi Rawat. Published 20 Sep 2026. Every fee below was priced from the venue’s own rate card and re-checked this week. Research and fee sums assisted by AI, verified against each venue’s fee page before publishing..ccc-table-scroll{overflow-x:auto;-webkit-overflow-scrolling:touch;max-width:100%;margin:0 0 24px}.ccc-table{border-collapse:collapse;width:100%}.ccc-table thead th{background:#1e293b !important;color:#fff !important;padding:12px;text-align:left;font-weight:700}.ccc-table td{padding:11px 12px;border-bottom:1px solid #e2e8f0;vertical-align:top}.ccc-table tbody tr:nth-child(odd){background:#fff}.ccc-table tbody tr:nth-child(even){background:#f0f4ff}.ccc-summary-table{border-collapse:collapse;width:100%}.ccc-summary-table thead th{background:#0f172a !important;color:#fff !important;padding:12px;text-align:left;font-weight:700}.ccc-summary-table td{padding:11px 12px;border-bottom:1px solid #e2e8f0;vertical-align:top}.ccc-summary-table tbody tr:nth-child(odd){background:#eef3ff}.ccc-summary-table tbody tr:nth-child(even){background:#fff}.ccc-table tfoot td{background:#f97316;border-top:3px solid #ea6c00;color:#fff !important;padding:14px;text-align:center;font-weight:700}.ccc-table tfoot td a{color:#fff !important;text-decoration:underline}Disclosure: CoinCodeCap earns a referral fee when you open an account through links on this page, and that includes the Deribit link. We earn either way, which is why the ranking below is built on rate cards rather than on who pays us most. Two venues we rate highly, Thalex and Aevo, pay us nothing and are included anyway.How we ranked these. We priced one identical trade on every venue: a $10,000 notional option, first with a $20 premium and then with a $400 one, using each venue’s own posted rate and its premium cap. That second number is the one most guides skip, and it changes the answer completely. We also checked which places each venue accepts, because the cheapest venue you cannot open an account with is not cheap.TL;DR. Coinbase finished buying Deribit in August 2025, so the biggest crypto options venue now sits inside a listed US company. If you want out, the thing to compare is the premium cap, not the headline rate. On a cheap cheap far-out option the caps range from Delta Exchange’s 3.5% to Deribit’s 12.5%, and the same trade costs $0.83 on Delta against $3.00 on Bybit. On costly options they all converge and the ranking flips.Why People Are Leaving DeribitCoinbase closed its purchase of Deribit in August 2025. The price announced was $2.9 billion. The final bill came to about $4.3 billion once the stock half was valued. Deribit is still the largest crypto options venue by volume and open interest, and it kept trading through the deal.Three reasons come up when traders move. Some want a venue outside a US-listed owner. Some want self-custody, which no venue that holds your coins offers. And some are in countries Deribit does not serve, which the takeover did not change that for retail traders.If none of those apply to you, Deribit’s book is still the deepest in crypto options, and depth beats a fee saving on any trade of size. Our coverage of the deal closing has the background.The Premium Cap Is the Number That MattersOptions fees are charged as a slice of notional everywhere on this list, and every rate sits between 0.02% and 0.04%. On that basis they look the same, which is why most comparisons stop there.They are not the same. A slice of notional is a savage charge on a cheap option, so venues cap the fee at a share of the premium you actually paid. That cap is where they differ, and it ranges from 3.5% to 12.5%. Here is the same $10,000 trade priced on a $20 option.VenueHeadline ratePremium capFee on a $20 optionFee on a $400 optionDelta Exchange0.03%3.5%$0.83$3.54OKX0.03% taker / 0.02% maker7%$1.40$3.00Deribit0.03% both sides12.5%$2.50$3.00Derive$0.50 + 0.04% taker12.5%$2.50$4.50Bybit0.03% taker / 0.02% makerNone listed$3.00$3.00The cheap-option winner is the costly-option loser. Pick for what you actually trade.Delta is 3.6 times cheaper than Bybit on the cheap option and the dearest of the five on the expensive one, because its 18% GST applies once the cap stops binding. If you buy far cheap far-out contracts, the cap is the whole decision. If you trade near the money, ignore it and look at the rate.7 Deribit Alternatives, Ranked by Who They Suit1. Bybit, the closest straight swapBybit runs options and perps on one account with a familiar order book, and at 0.03% taker and 0.02% maker it undercuts Deribit on the maker side. There is no published premium cap, so cheap contracts cost full rate. Best for someone who wants Deribit’s workflow without Deribit.Open a Bybit Account →2. OKX, the best balance of rate and capOKX charges 0.03% taker and 0.02% maker with a 7% premium cap, which is the middle of the field on both counts and therefore the least likely to surprise you. It is the pick if you trade a mix of cheap and costly contracts and do not want to think about which venue suits which trade.Trade Options on OKX →3. Delta Exchange, the cheapest for far-out buyersDelta’s 3.5% premium cap is the lowest we found, which makes it the cheapest venue in the table for cheap contracts by a wide margin. It is also registered with India’s FIU and built for Indian traders, so rupee funding works properly. The 18% GST is the catch, and it bites once the cap stops binding.Open Delta Exchange →4. Derive, the only one where you hold the keysDerive is an onchain venue on its own Ethereum rollup, so nobody else holds your coins. Options are the dearest here for takers, but perps are the cheapest in this list at 0.005% maker. It shuts out the US, Canada, Australia and Panama, and being closed out costs 10% of your whole book rather than 1% of one trade. Our full Derive review works through the numbers.Trade Onchain on Derive →5. Binance, for depth outside DeribitBinance carries the deepest book of any venue here after Deribit, which matters more than a basis point if you trade size. Its options product is narrower than its futures business, so check the expiries you need are listed before you fund anything. Our Binance review covers the wider account.Open a Binance Account →6. Thalex, the institutional option that pays us nothingThalex is a smaller, institutionally-minded options venue that gets recommended by people who trade options for a living. We have no referral arrangement with them and no reason to send you there beyond the fact that it belongs on this list. Check the book depth on the expiry you want before committing.7. Coinbase, if you are in the USThis is the odd one, because Coinbase now owns Deribit. For US readers who cannot use most venues on this page, Coinbase’s licensed futures arm is the realistic route, and the stated plan after the takeover was to bring spot, futures and options under one roof. Our Coinbase review has the detail.Open a Coinbase Account →Where Each Venue Accepts YouVenueTypeUS retailIndiaBest forBybitCustodialNoYesA straight swap for DeribitOKXCustodialNoYesMixed cheap and costly contractsDelta ExchangeCustodial, FIU-listedNoYes, rupee fundingFar-out buyersDeriveYou hold the keysNoYesSelf-custody and cheap perpsBinanceCustodialNoYesBook depthThalexCustodialNoCheckProfessional options tradersCoinbaseCustodial, licensedYesLimitedUS readersCompare Live Options Fees on OKX →Aevo deserves a mention as another onchain options venue. We have no referral link with them, and their book is thinner than Derive’s, so we would not send a first-time options trader there.Pros and Cons of Moving Off Deribit✅ Better premium caps elsewhere: 3.5% at Delta and 7% at OKX against Deribit’s 12.5%✅ You can hold your own keys if you move onchain✅ Rupee funding and FIU registration if you are trading from India✅ Cheaper perps on several venues if you trade both products❌ Deribit’s book is still the deepest, and spread costs more than fees on size❌ Most alternatives still refuse US retail, so leaving does not fix that❌ Delta’s 18% GST makes it the dearest once the cap stops binding❌ Onchain venues carry harsher wipeout terms than any custodial venue hereExpert tip. Work out your median premium before you pick a venue. If most of your contracts cost under about 1% of notional, the premium cap decides your costs and Delta or OKX will save you real money. Above that the cap never binds, the headline rate takes over, and the cheapest venue in this table becomes one of the dearest. Very few traders check which side of that line they sit on.6 Frequently Asked QuestionsDid Coinbase buy Deribit?Yes. The deal was announced in May 2025 at $2.9 billion and closed in August 2025, with the final bill around $4.3 billion once the stock half was valued. Deribit continued trading throughout.What is the cheapest Deribit alternative?It depends on what you trade. On a cheap cheap far-out option Delta Exchange is cheapest at about $0.83 for a $10,000 notional trade on a $20 premium, against $2.50 on Deribit. On an costly option Delta becomes the dearest of the five because of its 18% GST.What is a premium cap on options fees?A limit on the trading fee expressed as a share of the option premium, so a percentage-of-notional charge cannot dwarf a cheap contract. Caps range from 3.5% at Delta Exchange to 12.5% at Deribit and Derive, while Bybit lists none.Can US traders use these venues?Mostly not. Bybit, OKX, Delta, Derive, Binance and Thalex all decline US retail traders. Coinbase’s licensed futures arm is the realistic route for US readers, which is the same company that now owns Deribit.Is there an onchain option where I hold the keys?Derive is the main one. It runs on its own Ethereum rollup and you can always withdraw. Aevo is another. Both have thinner books than the venue that holds your coinss, and Derive charges 10% of your whole book if you are closed out, against 1% of a single trade at Deribit.Should I leave Deribit at all?If you trade size, probably not. Deribit still has the deepest crypto options book, and on a large order the spread you pay from thin liquidity will exceed any fee saving. The case for moving is strongest for small out-of-the-money trades, to hold your own keys, or if you want a venue outside a US-listed owner.Bottom line. Most guides rank these by headline rate. Every venue here charges between 0.02% and 0.04%, so that ranking tells you nothing. The premium cap is what separates them, and on a cheap contract it swings the cost by 3.6 times. Delta Exchange wins for far-out buyers, OKX is the safest all-round pick, Derive is the only one where you keep your keys, and Deribit is still the right answer if you trade size and the ownership change does not bother you.Or Stay on Deribit →Fees were priced from each venue’s own rate card in September 2026 and the table is arithmetic on those rates. Venues change fees and who they accept. Check the current rate card and the terms where you live before funding an account. Nothing here is investment advice.Related ReadingOptions venues in depthDerive review (the self-custodial option, with its fee maths worked out)Bybit review (the closest straight swap for Deribit)Best options trading platforms (the wider field, crypto and not)If you trade perps tooPerpetual contract exchanges (where to trade perps, onchain and off)Hyperliquid review (the largest onchain perps venue)Best derivatives exchanges (futures and perps compared)The Coinbase and Deribit dealCoinbase closes the Deribit deal (what the final price actually was)Coinbase in talks to buy Deribit (how it came together)Coinbase review (the parent, and the US route)