Lower Fees
0.055
%
Taker Fee ·
Bybit
Higher Volume
$20.79B
Taker Fee ·
OKX
More Leverage
125x
Taker Fee ·
Bybit
Higher Rating
9.4
/10
Taker Fee ·
Bybit
Rating
About
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.
OKX, founded in 2017 by Star Xu, is the third-largest crypto perpetuals exchange globally by liquidity and trading volume.
Based in Seychelles, OKX serves users in 180 countries with 300+ assets across spot, derivatives, DeFi, and Web3 products.
Licensed by top regulators including MAS (Singapore) and ESMA (Europe), OKX secures funds via cold storage and 2FA, with transparent Proof of Reserves using zk-STARK cryptography.
Volume & Liquidity
Bybit | OKX | ||
|---|---|---|---|
Perpetuals Volume (24H) | $13.23B | $20.79B | |
Crypto Options Volume (24H) | $732.16M | $819.55M | |
Open Interest (24H) | $9.54B | $6.25B |
Fees & Costs
Bybit | OKX | ||
|---|---|---|---|
Taker Fees | 0.055 % | 0.02 % | |
Maker Fees | 0.02 % | 0.05 % |
Live Funding Rates
BTC Funding Rate
USDT Settlement
Bybit
0.0008%
OKX
0.0017%
ETH Funding Rate
USDT Settlement
Bybit
-0.0030%
OKX
0.0051%
SOL/USDT
USDT Settlement
Bybit
-0.0047%
OKX
0.0059%
BNB/USDT
USDT Settlement
Bybit
0.0001%
OKX
0.0077%
Trading Features
Bybit | OKX | ||
|---|---|---|---|
Perpetual Contract Types | USDT & USDC Settled | USDT and USDC | |
Available Leverage | 125x | 100x | |
Spot Assets | 1800 | 311 |
Regulation & Trust
Bybit | OKX | ||
|---|---|---|---|
Regulation | CySEC (Cyprus), VARA (Dubai), FSA (Kazakhstan), and VASP (Georgia) | Tier-1 Regulators including MiFID II (Europe), MAS (Singapore), AUSTRAC (Australia), SFC (Hong Kong), VARA (UAE), and 4 more | |
Proof of Reserves | ✓ Yes | ✓ Yes | |
Supported Countries | 160+ | 100 | |
Total Users | 67 Million | 60 Million | |
Headquarters | Dubai, United Arab Emirates | Dubai, United Arab Emirates |
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Bybit vs OKX: Overall Futures Market Coverage
- Daily perp volume: Bybit over $29B vs OKX around $34B
- Contracts listed: Bybit 270+ vs OKX ~180
- Liquidity: Bybit’s broader perp catalog pairs with deep books; OKX shows higher day-to-day turnover on majors
Bybit lists more perp pairs, which helps with breadth across mid-caps. OKX’s higher recent 24h perp volume signals strong fills on BTC, ETH, and top alts. Treat these figures as live snapshots that move with the market. Check the exchange page for the latest detail.
Fees, Discounts, and VIP Tiers Compared
- Baseline fees: Bybit 0.02% maker / 0.055% taker vs OKX 0.02% maker / 0.05% taker
- Bybit edge: Supreme VIPs pay 0.00% maker and 0.03% taker on futures
- OKX edge: VIP maker rebates to -0.005% and taker as low as 0.015%
- Takeaway: OKX’s top tiers are best for very high volume; Bybit is competitive across early VIP rungs
Regular users see near-identical base maker rates, with OKX a touch cheaper on taker. As volume and balances rise, OKX’s ladder introduces rebates, while Bybit cuts taker fees and zeros maker for Supreme VIPs. If you are not hitting top-tier thresholds, the gap is small.
Leverage, Position Limits, and Advanced Features
- Max leverage: Bybit up to 125x vs OKX up to 100x on BTC/ETH
- Risk tiers: Tiered margin and notional limits on both; specifics vary by pair
- Extra products: Both support crypto options alongside perps
Bybit offers the higher headline leverage ceiling, which matters for margin efficiency but requires strict risk control. OKX and Bybit both run tiered systems that lift margin requirements as position size grows; details are pair-specific. Options on both platforms add hedging flexibility. Check the exchange page for the latest detail.
Regulation, Geographic Access, and Licenses
- Bybit footprint: VARA (Dubai), ASFA (Kazakhstan), VASP (Georgia); working toward MiCA alignment in the EU; available in ~160 regions
- OKX footprint: Approvals or registrations with MAS (Singapore), MiCA/ESMA (Europe), AUSTRAC (Australia), SFC (Hong Kong), VARA (UAE), and others; available in ~180 countries
- Availability: Both restrict certain jurisdictions; eligibility depends on local rules
Bybit and OKX both highlight active licensing efforts across major hubs. OKX lists a wider set of regulators today, while Bybit outlines recent approvals and EU plans. Always confirm your residency status and product access on the legal pages before opening positions.
Security, Transparency, and Proof-of-Reserves
- Bybit: Publishes Proof of Reserves; reported a Feb 2025 incident and replenished funds; cold storage with multi-sig and TSS
- OKX: Public Proof of Reserves with zk-STARK verification; layered wallet segregation and 2FA controls
- User takeaway: PoR shows assets held, not complete liabilities
Both exchanges provide public reserve attestations and detail custody practices. Bybit discloses a 2025 security event and remediation; OKX emphasizes cryptographic verification of reserves. Maintain your own hygiene with 2FA, withdrawal allowlists, and conservative leverage.
Final Takeaway
Choose Bybit for the broader perp menu and higher headline leverage. Pick OKX if your volume reaches VIP levels where maker rebates and lower takers kick in, or if your region aligns with its regulatory coverage. For most active traders, both deliver deep books on majors with small fee differences at base tiers.