Bybitvs
Binance Futures
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 420 liquid markets shared by Binance Futures and Bybit, the best funding setup over the past 7 days is $SIREN (long Binance Futures, short Bybit): it paid 127.6% APR, 116.6% after costs, and held 49% of the time.
420 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs β not by the instantaneous APR.
Binance FuturesBybitBinance FuturesBybitBybitBinance FuturesBybitBinance FuturesBinance FuturesBybitBinance FuturesBybitBinance FuturesBybitBinance FuturesBybitBinance FuturesBybitBybitBinance Futuresβ7d 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.
| Bybit | Binance Futures | |
|---|---|---|
| Type | CEX | CEX |
| Taker fee | 0.055% | 0.05%β |
| Maker fee | 0.02% | 0.02% |
| Open Interest | $13.37B | $28.57Bβ |
| 24h Volume | $10.95B | $35.67Bβ |
| Avg Funding APR | 9.17% | 10.09% |
| Markets | 771β | 538 |
| Airdrop / token | Listed | Listed |
Bybit and Binance Futures 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 $28.57B 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 Bybit and Binance Futures diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Which funding setup between Bybit and Binance Futures pays most?
- Across 420 liquid markets shared by Binance Futures and Bybit, the best funding setup over the past 7 days is $SIREN (long Binance Futures, short Bybit): it paid 127.6% APR, 116.6% after costs, and held 49% of the time. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is Bybit or Binance Futures cheaper?
- Bybit charges 0.055% taker / 0.02% maker; Binance Futures charges 0.05% 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, Bybit or Binance Futures?
- Bybit has $13.37B open interest across 771 markets; Binance Futures has $28.57B across 538. Binance Futures is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Bybit and Binance Futures?
- 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.