Binance Futuresvs
Bybit
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
| Binance Futures | Bybit | |
|---|---|---|
| Type | CEX | CEX |
| Taker fee | 5 bps✓ | 5.5 bps |
| Maker fee | 2 bps | 2 bps |
| Open Interest | $17.49B✓ | $7.50B |
| 24h Volume | $29.82B✓ | $10.28B |
| Avg Funding APR | 4.86% | 4.73% |
| Markets | 50 | 50 |
| Airdrop / token | Listed | Listed |
Binance Futures and Bybit are both perpetual-futures venues tracked on ORBIT. On fees, Binance Futures is cheaper (5 vs 5.5 bps taker). On liquidity, Binance Futures is deeper with $17.49B open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely “one or the other” — you often use both, going long on whichever venue has the lower funding for a given asset and short on the other. Open the Funding Screener to see where Binance Futures and Bybit diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Is Binance Futures or Bybit cheaper?
- Binance Futures charges 5 bps taker / 2 bps maker; Bybit charges 5.5 bps taker / 2 bps maker. Binance Futures has the lower taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, Binance Futures or Bybit?
- Binance Futures has $17.49B open interest across 50 markets; Bybit has $7.50B across 50. Binance Futures is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Binance Futures and Bybit?
- Yes — when an asset's funding diverges between the two, go long on the lower-funding venue and short on the higher one. Find live divergences on the ORBIT screener and backtest the exact pair before sizing it.