Bybit
Hyperliquid
vs
Bybit
Bybit

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

Data updates automatically every 2 minutes.
Go to site
Go to site
About

Hyperliquid is the largest onchain perp exchange, clearing over $300 billion a month on a custom Layer 1 using HyperBFT for one-block finality and sub-second execution. Its onchain order book processes more than 200,000 orders per second.

Founded in 2023 by former HRT engineer Jeff Yan, it offers 100 plus perp markets with up to 40x leverage, permissionless listings, and USDC-margined contracts. All trading and liquidations settle onchain through HyperCore and HyperEVM.

The network is community owned with no paid market makers or listing fees, secured by a validator set running HyperBFT. Hyperliquid releases verifiable onchain data on funding, open interest, liquidations, and vault activity.

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

6.5

/10

Rating Methodology

Read Review
  • Regulatory Compliance

    1

  • Features & Supported Assets

    7

  • Trading Fees

    10

  • Depth & Liquidity

    8

9.4

/10

Rating Methodology

Read Review
  • Regulatory Compliance

    9

  • Features & Supported Assets

    10

  • Trading Fees

    9

  • Depth & Liquidity

    9.5

Spot Assets

60

1800

Perpetual Contracts

USDC only

USDT & USDC Settled

Spot Volume (24H)

-- -- --

-- -- --

Perpetuals Volume (24H)

-- -- --

-- -- --

Crypto Options Volume (24H)

-- -- --

-- -- --

Open Interest (24H)

-- -- --

-- -- --

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

-- -- --

-- -- --

-- -- --

-- -- --

-- -- --

-- -- --

-- -- --

-- -- --

-- -- --

-- -- --

USDC

-- -- --

-- -- --

USDC

-- -- --

-- -- --

USDC

-- -- --

-- -- --

USDC
Taker Fees

0.045

%

0.055

%

Maker Fees

0.015

%

0.02

%

Perpetual Contract Types

USDC only

USDT & USDC Settled

Available Leverage

40x

125x

Regulation

Decentralized and Unregulated

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

Proof of Reserves

Yes

No

Yes

No

Supported Countries

195

160+

Total Users

404,000

67 Million

Headquarters

Decentralized (HyperEVM)

Dubai, United Arab Emirates

Visit Exchange
Go to site
Go to site