Binance vs Bybit Futures Comparison

Fees, liquidity, funding and safety side by side Updated

Live · updated
Trade on Binance Trade on Bybit
24h perp volume · #1 vs #5 of 21 $51.69Bvs$10.36B Open interest · #1 vs #2 of 20 $32.76Bvs$12.77B Liquidations (24h) · #1 vs #4 of 9 $66.3Mvs$18.9M Perpetual markets 231vs245 164 shared Taker fee 0.05%vs0.055% Max leverage 125xvs125x

Binance or Bybit: the short answer

Binance5 of 10Best for lower taker fees, deeper BTC books and more volumeBybit4 of 10Best for cheaper long funding, more markets and more spot assets

Where each coin trades more

The 12 biggest coins listed on both · share of their combined 24h volume

Coin Binance Share of 24h volume50% Bybit
BTC$12.15B76%24%$3.90B
ETH$8.04B81%19%$1.86B
SOXL$2.91B88%12%$383.2M
SNDK$2.23B96%4%$90.0M
SKHYNIX$2.16B95%5%$115.8M
XAU$1.89B93%7%$132.5M
SOL$1.40B78%22%$389.1M
ZEC$1.39B83%17%$276.3M
SKHY$1.18B95%5%$63.2M
CL$1.10B90%10%$122.4M
KORU$1.10B91%9%$105.6M
XAG$875.8M96%4%$38.0M
Binance leads on all 12 coins · 83% of these coins' volume is on BinanceHover a row for details

BTC funding on Binance vs Bybit

Last 90 days · 8h equivalent · against the median of every tracked venue

Binance 90d average+0.0051%
Bybit 90d average+0.0043%
$10K long, 90 days$137 vs $116
Days Binance cheaper29 of 90

The same market on each venue

One perpetual, both order books · Binance has the deeper book

BTC/USDT Binance Share or difference50% Bybit
Price$80,9860.002% apart$80,988
24h volume$8.55B70%30%$3.70B
Open interest$7.74B60%40%$5.05B
Depth ±1%$77.4M61%39%$50.5M
Funding (8h)+0.0051%Longs pay less on Binance+0.0100%
Long / short0.95Shorts lead on Binance · Longs lead on Bybit1.04
Liquidations 24h$10.6M70%30%$4.4M

Funding is an 8-hour equivalent; the lower rate is cheaper for longs. Depth is order book liquidity within 1% of the price.

Binance vs Bybit head to head

Fees, leverage and licences from each venue's published terms · volume and funding live · the better figure is ticked

Feature BinanceTrade BybitTrade
Fees
Maker fee 0.02% 0.02%
Taker fee 0.05% 0.055%
Taker fee with referral code 0.045% 0.055%
Referral code CPDISCOUNT10% fee rebate · Up to $100 welcome bonus –
Markets and liquidity · live
Perpetuals volume (24h)$51.69B$10.36B
Open interest$32.76B$12.77B
Liquidations (24h)$66.3M$18.9M
Options volume (24h)$979.9M$1.25B
Perpetual markets231245
Funding now · 8h equivalent
BTC funding rate+0.0100%+0.0100%
ETH funding rate+0.0100%+0.0100%
SOL funding rate+0.0100%+0.0096%
XRP funding rate+0.0100%+0.0100%
Trading
Maximum leverage 125x 125x
Contract types USDT and USDC USDT & USDC Settled
Spot assets 400 1,800
Platform type Centralized Centralized
Trust and access
Licences and registrations 22FinCEN (USA), FINMA (Switzerland), FCA (UK), ADGM (Abu Dhabi), AMF (France), and 17 more 4CySEC (Cyprus), VARA (Dubai), FSA (Kazakhstan), and VASP (Georgia)
Proof of reserves Yes Check Yes Check
Countries served 160 160+
Users 265 Million 67 Million
Headquarters Dubai, United Arab Emirates Dubai, United Arab Emirates
Coinperps score
Overall 9.3/10 9.5/10
Depth & liquidity 10 9.5
Trading fees 9.5 9
Assets & features 8 10
Regulation 10 9

Binance or Bybit: which should you choose?

Choose Binance if

  • You trade often with market ordersTaker fee: 0.05% vs 0.055%
  • You place large ordersBTC depth ±1%: $77.4M vs $50.5M
  • You want the busiest books24h volume: $51.69B vs $10.36B
  • Regulation matters to youLicences: 22 vs 4
  • You want deep positioning to trade againstOpen interest: $32.76B vs $12.77B
Binance review Trade on Binance

Choose Bybit if

  • You hold longs for days or weeksBTC funding, 90d avg: +0.0043% vs +0.0051%
  • You trade altcoinsPerpetual markets: 245 vs 231
  • You also buy and hold spotSpot assets: 1,800 vs 400
  • You want the higher-rated venue overallCoinperps score: 9.5 vs 9.3
Bybit review Trade on Bybit

Level on max leverage (125x).

Binance vs Bybit right now

Binance traded $51.69B in perpetual futures over the last 24 hours, 5.0× Bybit's $10.36B. Binance also holds more open interest, $32.76B against $12.77B. On BTC, Binance's order book holds $77.4M within 1% of the price against $50.5M on Bybit, so large orders move the price less there. Over the last 90 days BTC funding averaged +0.0051% per 8 hours on Binance and +0.0043% on Bybit: a $10,000 long held throughout paid about $137 on Binance and $116 on Bybit. The two list 164 of the same coins; 12 trade only on Binance and 4 only on Bybit.

Key Benefits of Binance

Binance is better than Bybit for traders focused on lower fees, stronger regulatory access in Europe, and broader margin flexibility.

  • ‍Wider regulatory access: Binance is registered or authorized in several European jurisdictions, including France, Italy, and Lithuania, and is positioned to comply with MiCA. Bybit is not available in France and faces broader EU restrictions, making Binance more accessible for users based in Europe.‍
  • Lower fees: Binance charges a base taker fee of 0.05% (vs. 0.055% on Bybit), with additional reductions through BNB holdings and high-volume trading tiers. USDC perpetual contracts on Binance are even cheaper, starting at 0.00% maker and 0.04% taker. Bybit does not offer token-based fee incentives.‍
  • Broader leverage support: Binance supports 125x leverage on both USDT and USDC contracts with up to $50,000 in notional size. Bybit only offers 125x on USDC and lacks this tier for USDT, limiting aggressive exposure on the most liquid margin pair.

Bybit's Main Advantages

Bybit outperforms Binance in position sizing, advanced order execution, and access to early-stage or alternative market products.

  • ‍Larger position sizing: Bybit offers significantly higher notional limits at 100x leverage (up to $2 million in USDT and $1 million in USDC) compared to Binance’s $600,000 and $500,000 caps, respectively. This makes it more suitable for high-scale directional or hedged trades.‍
  • More diverse product types: Bybit offers inverse perpetuals that are coin-settled like Binance’s COIN-M contracts, and expiry futures similar to Binance’s delivery contracts. In addition, Bybit’s premarket perpetuals allow access to new listings before they launch on other platforms.‍
  • Superior execution tools: Bybit supports iceberg orders, conditional orders, chase-limit logic, and webhook-based automation. Its TradingView integration allows efficient alert-to-order workflows, ideal for signal-based and automated strategies that don’t require constant chart monitoring.

Comparison by Coinperps Research · updated 13 Oct 2026

Binance vs Bybit FAQ

Live answers use both venues' perpetual markets · updated

Is Binance or Bybit better for futures trading?

Bybit scores higher, 9.5 against 9.3 out of 10. Binance leads on depth and liquidity (10 vs 9.5) and trading fees (9.5 vs 9) and regulation (10 vs 9). Bybit leads on assets and features (10 vs 8). The live panels on this page show which one has more volume, deeper books and cheaper funding right now. How we score exchanges.

Which has lower fees, Binance or Bybit?

Binance charges 0.02% maker and 0.05% taker on perpetual futures at the base tier; Bybit charges 0.02% and 0.055%. Opening and closing a $10,000 position with market orders costs about $10.00 on Binance and $11.00 on Bybit, so Binance is cheaper for takers. The Binance referral code CPDISCOUNT adds a 10% fee rebate, which brings its taker fee to 0.045%. Both cut fees at higher VIP tiers. Funding payments are separate and go between traders.

Which has more trading volume, Binance or Bybit?

Binance has more perpetual futures volume: $51.69B in the last 24 hours against $10.36B on Bybit, 5.0× as much. Open interest is $32.76B on Binance and $12.77B on Bybit. Compare open interest across exchanges.

Does Binance or Bybit offer higher leverage?

Both offer up to 125x leverage on their largest perpetual markets. Smaller markets have lower caps on both, and the limit falls as position size grows. At 125x a move of about 0.8% against you is enough to liquidate a position.

Is Binance or Bybit safer?

Binance lists 22 licences and registrations, including FinCEN (USA), FINMA (Switzerland), FCA (UK). Bybit lists 4, including CySEC (Cyprus), VARA (Dubai), FSA (Kazakhstan). Both publish proof of reserves, so users can check that customer assets are backed. Rules differ by country, so check that the exchange serves yours before you sign up.

Which has lower funding rates, Binance or Bybit?

Over the last 90 days BTC funding averaged +0.0051% per 8 hours on Binance and +0.0043% on Bybit, so longs paid less on Bybit. Binance was cheaper on 29 of 90 days. Funding goes between traders, and when it is negative shorts pay longs instead. Live funding rates on every exchange.

Which lists more perpetual futures, Binance or Bybit?

Bybit lists more: 245 live perpetual markets against 231. 164 coins trade on both; AIN, PUMP, AMD and 9 more only on Binance; MNT, PUMPFUN, CASHCAT and 1 more only on Bybit.

Which has better liquidity, Binance or Bybit?

Binance has the deeper BTC order book: $77.4M of bids and asks within 1% of the price against $50.5M on Bybit. Deeper books mean less slippage on large market orders. Binance also trades 5.0× the 24h volume.

Are there Binance and Bybit referral codes?

Binance: use CPDISCOUNT for a 10% fee rebate · up to $100 welcome bonus (offer and terms).

Where are Binance and Bybit based?

Binance is headquartered in Dubai, United Arab Emirates and reports 265 million users. Bybit is headquartered in Dubai, United Arab Emirates and reports 67 million users.

Compare Binance with other exchanges

Binance vs BingXBinance vs BitgetBinance vs Coinbase FuturesBinance vs Gate.ioBinance vs KrakenBinance vs MEXCBinance vs OKXBinance vs Hyperliquid

Compare Bybit with other exchanges

Bybit vs BingXBybit vs BitgetBybit vs Coinbase FuturesBybit vs Gate.ioBybit vs KrakenBybit vs MEXCBybit vs OKXBybit vs Hyperliquid

Live data from both venues' perpetual markets, refreshed every few minutes. Fees are base tier and change with VIP level. Ratings are Coinperps' own. Not financial advice. All 45 comparisons · Methodology