Reference
What differs across the six integrations
This page compares the six exchanges PERP KING can connect, using each exchange's own documents. It does not rank them, and it does not copy a fee schedule that the exchange can change tomorrow. LIVE automated orders run on Kraken Futures, Binance Futures, OKX Perpetuals, Bybit, Bitget Futures and KuCoin Futures.
How to read this
Each row is a difference a person meets while connecting an account. A blank in a public document is left blank here. Fee percentages are not copied, because VIP level, contract and maker or taker status change them. Open the exchange's fee page.
Funding is not a fee. The interval is per contract and is published by the exchange. This page does not assume that every contract settles every eight hours. The funding calculator multiplies a rate you type by a number of intervals. It does not download a live rate.
The six, on the same questions
| Credentials | Trade permission, as documented | Withdrawal control, as documented | LIVE orders today | |
|---|---|---|---|---|
| Kraken Futures | Key and secret. No passphrase. | General API set to Full Access. Kraken's screen has no narrower trade-only switch. Full Access reaches the endpoints except digital-asset withdrawals. | Withdrawal API left on No Access. It is a separate switch. | Yes. This is the venue. |
| Binance USD-M futures | Key and secret. No passphrase. | Binance's derivatives quick start says the default restriction after creation is Enable Reading. A key can be limited to endpoint types such as TRADE. | The same page says withdrawals via the API require the restriction to be changed in the Binance UI. Leave that off. | No. The integration can be connected. |
| OKX perpetuals | Key, secret and passphrase. OKX says the passphrase cannot be recovered. | Trade. OKX states that Trade can place and cancel orders and can also do funding transfer. | Withdraw is a third permission. Leave it off. Trade is already broader than order placement, so read that sentence before you enable it. | No. The integration can be connected. |
| Bybit linear USDT | Key and secret. No passphrase. | Bybit's API key record uses readOnly 0 for read-and-write, and ContractTrade permissions named Order and Position. | Wallet is a separate permission list, and Bybit's document includes Withdraw in it. Do not grant Withdraw. | No. The integration can be connected. |
| Bitget USDT-M | Key, secret and passphrase. Bitget says a forgotten passphrase cannot be retrieved. | Trade. Bitget describes it as the permission that places and cancels orders. Read-Only is separate. | Withdraw and Transfer are separate. Bitget states that withdrawal through the API works only from a whitelisted IP. Leave both off. | No. The integration can be connected. |
| KuCoin Futures | Key, secret and passphrase. KuCoin's signature uses the passphrase. | Use the Futures key screen, not a spot-only key. Enable the trade permission that screen offers for futures orders. | Leave withdrawal and transfer off on that screen. The names are KuCoin's and can move. Read them on the page linked below when you create the key. | No. The integration can be connected. |
The guides are Kraken Futures, Binance Futures, OKX, Bybit, Bitget and KuCoin Futures.
Fees and funding
A fee is paid to the exchange. Funding is paid between longs and shorts. Mixing them produces a bad cost estimate. Use the fee calculator with rates you read from the exchange, and the funding calculator with the rate and the interval you read for that contract.
Kraken's fee schedule is linked below. Binance, OKX, Bybit, Bitget and KuCoin publish their own. This page does not freeze a number they can change.
What this page will not say
It does not publish PERP KING's decision formula, thresholds, weights or open positions. It does not say that one exchange is safer or more profitable. The glossary defines the words. Liquidation distance is a textbook estimate, not an exchange engine.
Questions
Does LIVE run on all six exchanges?
Yes. LIVE automated execution runs on Kraken Futures, Binance Futures, OKX Perpetuals, Bybit, Bitget Futures and KuCoin Futures. Customer assets stay at the connected exchange. This page does not rank the six.
Where are the fee percentages?
On each exchange's fee page. Copying them here would freeze a number the exchange can change, and would ignore VIP and maker or taker differences.
Sources
Figures and permission names below are the exchange's, from the documents linked here, read on 3 October 2026. They are not PERP KING settings. An exchange can change them.
- Kraken: How to create an API key for Kraken Derivatives — Kraken. General API and Withdrawal API.
- Kraken: Fees for derivatives trading — Kraken's own schedule. Not restated here.
- Binance: Derivatives quick start — Read 3 October 2026. Default restriction is Enable Reading.
- OKX API guide — Read, Trade, Withdraw, and the passphrase.
- Bybit: Get API key information — readOnly, ContractTrade, and Wallet including Withdraw.
- Bitget REST API introduction — Read-Only, Trade, Transfer, Withdraw, and the passphrase.
- KuCoin API: generating an API key — KuCoin's key-creation document. The request signature uses a passphrase.
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