Bybit
Binance
vs
Bybit
Bybit

Compare Binance vs. Bybit perpetuals: funding rates, fees, open interest, trading volume, liquidity, liquidation data and regulatory compliance updated in real-time.

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About

Binance, founded in 2017 by Changpeng Zhao, offers extensive liquidity and some of the highest global trading volumes for crypto perpetuals.

Headquartered in Dubai, it serves 260M+ users across 180 countries with 350+ spot assets, futures, margin trading, staking, and passive income products.

Binance holds regulatory licenses across Europe, USA, Japan, UAE, and APAC, employs multi-factor security, and publishes verified Proof of Reserves audits.

Bybit, founded in 2018 by Ben Zhou, is the second-largest crypto perpetuals exchange by liquidity and trading volume globally.

Headquartered in Dubai, it serves 60M+ users in 160 regions, providing spot trading, futures, crypto options, staking, and lending across 1,800+ assets.

Bybit holds licenses in UAE, Cyprus, and other tier-1 jurisdictions, secures assets via multi-signature cold storage, and regularly publishes verified Proof of Reserves audits.

Rating

9.4

/10

Rating Methodology

Read Review
  • Regulatory Compliance

    10

  • Features & Supported Assets

    8

  • Trading Fees

    9.5

  • Depth & Liquidity

    10

9.4

/10

Rating Methodology

Read Review
  • Regulatory Compliance

    9

  • Features & Supported Assets

    10

  • Trading Fees

    9

  • Depth & Liquidity

    9.5

Spot Assets

400

1800

Perpetual Contracts

USDT and USDC

USDT & USDC Settled

Spot Volume (24H)

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Perpetuals Volume (24H)

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Crypto Options Volume (24H)

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Open Interest (24H)

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Live Funding Rates
BTC Funding Rate
ETH Funding Rate
BNB Funding Rate
SOL Funding Rate

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USDT

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USDC

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USDT

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USDC

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USDT

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USDC

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USDT

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USDC

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USDT

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USDC

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USDT

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USDC

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USDT

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USDC

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USDT

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USDC
Taker Fees

0.05

%

0.055

%

Maker Fees

0.02

%

0.02

%

Perpetual Contract Types

USDT and USDC

USDT & USDC Settled

Available Leverage

125x

125x

Regulation

FinCEN (USA), FINMA (Switzerland), FCA (UK), ADGM (Abu Dhabi), AMF (France), and 17 more

CySEC (Cyprus), VARA (Dubai), FSA (Kazakhstan), and VASP (Georgia)

Proof of Reserves

Yes

No

Yes

No

Supported Countries

160

160+

Total Users

265 Million

67 Million

Headquarters

Dubai, United Arab Emirates

Dubai, United Arab Emirates

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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.

Compare Binance or Bybit with Other Exchanges