Binance Futuresvs
Bybit
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 396 liquid markets shared by Binance Futures and Bybit, the best funding setup over the past 7 days is $ERA (long Binance Futures, short Bybit): it paid 51.9% APR, 40.9% after costs, and held 67% of the time.
396 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs β not by the instantaneous APR.
BybitBinance FuturesBybitBinance FuturesBybitBinance FuturesBinance FuturesBybitβ7d avgβ is the funding spread the pair actually paid over the last 7 days. βAfter costsβ subtracts taker fees for opening and closing both legs over a 7-day hold. βHoldsβ is the share of hours the spread kept the same sign and at least 5% APR.
| Binance Futures | Bybit | |
|---|---|---|
| Type | CEX | CEX |
| Taker fee | 0.05%β | 0.055% |
| Maker fee | 0.02% | 0.02% |
| Open Interest | $26.03Bβ | $12.18B |
| 24h Volume | $29.68Bβ | $18.11B |
| Avg Funding APR | 8.15% | 8.18% |
| Markets | 539 | 778β |
| Airdrop / token | Listed | Listed |
Binance Futures and Bybit are both perpetual-futures venues tracked on ORBIT. On fees, Binance Futures is cheaper (0.05% vs 0.055% taker). On liquidity, Binance Futures is deeper with $26.03B open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely βone or the otherβ β 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
- Which funding setup between Binance Futures and Bybit pays most?
- Across 396 liquid markets shared by Binance Futures and Bybit, the best funding setup over the past 7 days is $ERA (long Binance Futures, short Bybit): it paid 51.9% APR, 40.9% after costs, and held 67% of the time. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is Binance Futures or Bybit cheaper?
- Binance Futures charges 0.05% taker / 0.02% maker; Bybit charges 0.055% taker / 0.02% 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 $26.03B open interest across 539 markets; Bybit has $12.18B across 778. Binance Futures is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Binance Futures and Bybit?
- Yes β 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.