Bybitvs
OKX
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 266 liquid markets shared by Bybit and OKX, the best funding setup over the past 7 days is $XDP (long OKX, short Bybit): it paid 124.5% APR, 113.5% after costs, and held 63% of the time.
266 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs β not by the instantaneous APR.
β7d 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 | OKX | |
|---|---|---|
| Type | CEX | CEX |
| Taker fee | 0.055% | 0.05%β |
| Maker fee | 0.02% | 0.02% |
| Open Interest | $12.23Bβ | $6.72B |
| 24h Volume | $18.68B | $22.50Bβ |
| Avg Funding APR | 7.55% | 7.49% |
| Markets | 778β | 466 |
| 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 $12.23B 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 OKX diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Which funding setup between Bybit and OKX pays most?
- Across 266 liquid markets shared by Bybit and OKX, the best funding setup over the past 7 days is $XDP (long OKX, short Bybit): it paid 124.5% APR, 113.5% after costs, and held 63% of the time. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- 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 $12.23B open interest across 778 markets; OKX has $6.72B across 466. Bybit is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Bybit and OKX?
- 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.