Bybitvs
OKX
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
| Bybit | OKX | |
|---|---|---|
| Type | CEX | CEX |
| Taker fee | 5.5 bps | 5 bps✓ |
| Maker fee | 2 bps | 2 bps |
| Open Interest | $7.50B✓ | $4.70B |
| 24h Volume | $10.28B | $22.18B✓ |
| Avg Funding APR | 4.73% | 2.84% |
| Markets | 50 | 50 |
| Airdrop / token | Listed | Listed |
Bybit and OKX are both perpetual-futures venues tracked on ORBIT. On fees, OKX is cheaper (5 vs 5.5 bps taker). On liquidity, Bybit is deeper with $7.50B 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 5.5 bps taker / 2 bps maker; OKX charges 5 bps taker / 2 bps 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 $7.50B open interest across 50 markets; OKX has $4.70B 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.