Binance vs Coinbase Futures Comparison

Fees, liquidity, funding and safety side by side Updated

Live · updated
Trade on Binance Trade on Coinbase
24h perp volume $51.69Bvs– Open interest $32.76Bvs– Liquidations (24h) $66.3Mvs– Perpetual markets 231vs–   Taker fee 0.05%vs0.6% Max leverage 125xvs20x

Binance or Coinbase: the short answer

Binance5 of 6Best for lower taker fees, more licences and more spot assetsCoinbase1 of 6Best for cheaper long funding

Coinperps has no live market data for Coinbase Futures right now, so its live figures show as dashes. Fees, facts and scores are current.

BTC funding on Binance vs Coinbase

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

Binance 90d average+0.0051%
Coinbase 90d average+0.0048%
$10K long, 90 days$137 vs $129
Days Binance cheaper32 of 90

The same market on each venue

One perpetual, both order books · live

BTC/USDT Binance Share or difference50% Coinbase
Price$80,986Not listed
24h volume$8.55BNot listed
Open interest$7.74BNot listed
Depth ±1%$77.4MNot listed
Funding (8h)+0.0051%Not listed
Long / short0.95Not listed
Liquidations 24h$10.6MNot listed

Coinbase Futures does not list a BTC perpetual in the feed. 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 Coinbase head to head

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

Feature BinanceTrade Coinbase FuturesTrade
Fees
Maker fee 0.02% 0.4%
Taker fee 0.05% 0.6%
Taker fee with referral code 0.045% 0.6%
Referral code CPDISCOUNT10% fee rebate · Up to $100 welcome bonus –
Markets and liquidity · live
Perpetuals volume (24h)$51.69B–
Open interest$32.76B–
Liquidations (24h)$66.3M–
Options volume (24h)$979.9M–
Perpetual markets231–
Funding now · 8h equivalent
BTC funding rate+0.0100%Not listed
ETH funding rate+0.0100%Not listed
SOL funding rate+0.0100%Not listed
XRP funding rate+0.0100%Not listed
Trading
Maximum leverage 125x 20x
Contract types USDT and USDC USDC only
Spot assets 400 285
Platform type Centralized Centralized
Trust and access
Licences and registrations 22FinCEN (USA), FINMA (Switzerland), FCA (UK), ADGM (Abu Dhabi), AMF (France), and 17 more 6Tier-1 Regulators including FCA (UK), BaFin (Germany), BitLicense (New York), MAS (Singapore), AUSTRAC (Australia), and VASP (Multiple EU countries)
Proof of reserves Yes Check Yes
Countries served 160 100
Users 265 Million 120 Million
Headquarters Dubai, United Arab Emirates San Francisco, United States
Coinperps score
Overall 9.3/10 6.8/10
Depth & liquidity 10 7
Trading fees 9.5 3
Assets & features 8 7
Regulation 10 10

Binance or Coinbase: which should you choose?

Choose Binance if

  • You trade often with market ordersTaker fee: 0.05% vs 0.6%
  • Regulation matters to youLicences: 22 vs 6
  • You also buy and hold spotSpot assets: 400 vs 285
  • You use high leverageMax leverage: 125x vs 20x
  • You want the higher-rated venue overallCoinperps score: 9.3 vs 6.8
Binance review Trade on Binance

Choose Coinbase if

  • You hold longs for days or weeksBTC funding, 90d avg: +0.0048% vs +0.0051%
Coinbase review Trade on Coinbase

Binance vs Coinbase right now

Over the last 90 days BTC funding averaged +0.0051% per 8 hours on Binance and +0.0048% on Coinbase: a $10,000 long held throughout paid about $137 on Binance and $129 on Coinbase. The two list 0 of the same coins; 176 trade only on Binance and 0 only on Coinbase.

Comparison by Coinperps Research · updated 13 Oct 2026

Binance vs Coinbase FAQ

Live answers use both venues' perpetual markets · updated

Is Binance or Coinbase better for futures trading?

Binance scores higher, 9.3 against 6.8 out of 10. Binance leads on depth and liquidity (10 vs 7) and trading fees (9.5 vs 3) and assets and features (8 vs 7). 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 Coinbase?

Binance charges 0.02% maker and 0.05% taker on perpetual futures at the base tier; Coinbase Futures charges 0.4% and 0.6%. Opening and closing a $10,000 position with market orders costs about $10.00 on Binance and $120.00 on Coinbase Futures, 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.

Does Binance or Coinbase offer higher leverage?

Binance offers more, up to 125x against 20x on Coinbase Futures. 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 Coinbase safer?

Binance lists 22 licences and registrations, including FinCEN (USA), FINMA (Switzerland), FCA (UK). Coinbase Futures lists 6, including Tier-1 Regulators including FCA (UK), BaFin (Germany), BitLicense (New York). 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 Coinbase?

Over the last 90 days BTC funding averaged +0.0051% per 8 hours on Binance and +0.0048% on Coinbase, so longs paid less on Coinbase. Binance was cheaper on 32 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 Coinbase?

Binance lists more: 231 live perpetual markets against 0. 0 coins trade on both; BTC, ETH, SOXL and 173 more only on Binance.

Are there Binance and Coinbase referral codes?

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

Where are Binance and Coinbase based?

Binance is headquartered in Dubai, United Arab Emirates and reports 265 million users. Coinbase Futures is headquartered in San Francisco, United States and reports 120 million users.

Compare Binance with other exchanges

Binance vs BingXBinance vs BitgetBinance vs BybitBinance vs Gate.ioBinance vs KrakenBinance vs MEXCBinance vs OKXBinance vs Hyperliquid

Compare Coinbase Futures with other exchanges

Coinbase Futures vs BingXCoinbase Futures vs BitgetCoinbase Futures vs BybitCoinbase Futures vs MEXCCoinbase Futures vs Gate.ioCoinbase Futures vs HyperliquidCoinbase Futures vs KrakenCoinbase Futures vs OKX

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