Bybitvs
OKX
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
| Bybit | OKX | |
|---|---|---|
| Type | CEX | CEX |
| Taker fee | 0.055% | 0.05%✓ |
| Maker fee | 0.02% | 0.02% |
| Open Interest | $9.46B✓ | $5.55B |
| 24h Volume | $13.21B | $23.56B✓ |
| Avg Funding APR | 3.70% | 5.08% |
| Markets | 50 | 50 |
| Airdrop / token | Listed | Listed |
Bybit and OKX are both perpetual-futures venues tracked on ORBIT. On fees, OKX is cheaper (0.05% vs 0.055% taker). On liquidity, Bybit is deeper with $9.46B 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 Bybit and OKX diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Is Bybit or OKX cheaper?
- Bybit charges 0.055% taker / 0.02% maker; OKX charges 0.05% taker / 0.02% maker. OKX has the lower taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, Bybit or OKX?
- Bybit has $9.46B open interest across 50 markets; OKX has $5.55B across 50. Bybit is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Bybit and OKX?
- 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.