Binancevs
Bybit
Compare Binance vs. Bybit perpetuals: funding rates, fees, open interest, trading volume, liquidity, liquidation data and regulatory compliance updated in real-time.
Coinperps score
Four weighted criteria, scored out of 10 by Coinperps Research. How we score ›
Binance9.4/10Bybit9.4/10Market position
Each venue's share of the perpetual venues Coinperps tracks, live over the last 24 hours.
The same market on each venue
One perpetual, both books: where the liquidity and the crowd actually are right now.
BinanceBTC/USDTBybitWinner marked per row. Funding is an 8-hour equivalent; the lower rate is cheaper for longs. Depth: order-book liquidity within 1% of mid.
BTC funding over 90 days
Daily funding on each venue's BTC perpetual against the cross-venue median, every venue normalised to an 8-hour equivalent. Persistent gaps are what a carry trade or a long hold actually pays.
Binance vs Bybit: head-to-head
Fees, leverage and regulation from each venue's published terms; volume, open interest and funding live from the Coinperps feed. The better figure is marked where one exists.
| Dimension | Binance | Bybit |
|---|---|---|
| Fees & costs | ||
| Taker fee | 0.05% | 0.055% |
| Maker fee | 0.02% | 0.02% |
| Volume & liquidity | ||
| Perpetuals volume (24h) | -- | -- |
| Open interest | -- | -- |
| Options volume (24h) | -- | -- |
| Liquidations (24h) | -- | -- |
| Perpetual contracts listed | -- | -- |
| Live funding rates | ||
| BTC funding rate | -- | -- |
| ETH funding rate | -- | -- |
| SOL funding rate | -- | -- |
| XRP funding rate | -- | -- |
| All funding on this page is shown as an 8-hour equivalent. Venues that settle hourly (Hyperliquid, Kraken, Coinbase, dYdX) are scaled by the interval the feed reports, so the figures compare like for like. | ||
| Trading features | ||
| Contract types | USDT and USDC | USDT & USDC Settled |
| Maximum leverage | 125x | 125x |
| Spot assets | 400 | 1800 |
| Platform type | Centralized | Centralized |
| Regulation & trust | ||
| Regulation | FinCEN (USA), FINMA (Switzerland), FCA (UK), ADGM (Abu Dhabi), AMF (France), and 17 more | CySEC (Cyprus), VARA (Dubai), FSA (Kazakhstan), and VASP (Georgia) |
| Proof of reserves | ✓ Yes | ✓ Yes |
| Supported countries | 160 | 160+ |
| Users | 265 Million | 67 Million |
| Headquarters | Dubai, United Arab Emirates | Dubai, United Arab Emirates |
About Binance
Binance is the largest cryptocurrency exchange by trading volume, founded in 2017 and home to the deepest perpetual futures liquidity in the market, from BTCUSDT down to long-tail altcoin pairs.
Headquartered in Dubai and led by CEO Richard Teng, it serves more than 260 million users across 180+ countries, offering perpetuals at up to 125x leverage alongside 350+ spot assets, options, and margin trading.
Binance is licensed in major hubs including the UAE, Japan, and Australia, backs users with a $1 billion SAFU insurance fund held in Bitcoin, and publishes Proof of Reserves so anyone can verify assets are backed at a minimum 1:1 ratio. EU access is restricted while it pursues MiCA authorization.
About Bybit
Bybit, founded in 2018 by Ben Zhou, is the second-largest crypto perpetuals exchange by liquidity and trading volume globally.
Headquartered in Dubai, it serves 60M+ users in 160 regions, providing spot trading, futures, crypto options, staking, and lending across 1,800+ assets.
Bybit holds licenses in UAE, Cyprus, and other tier-1 jurisdictions, secures assets via multi-signature cold storage, and regularly publishes verified Proof of Reserves audits.
Key Benefits of Binance
Binance is better than Bybit for traders focused on lower fees, stronger regulatory access in Europe, and broader margin flexibility.
- Wider regulatory access: Binance is registered or authorized in several European jurisdictions, including France, Italy, and Lithuania, and is positioned to comply with MiCA. Bybit is not available in France and faces broader EU restrictions, making Binance more accessible for users based in Europe.
- Lower fees: Binance charges a base taker fee of 0.05% (vs. 0.055% on Bybit), with additional reductions through BNB holdings and high-volume trading tiers. USDC perpetual contracts on Binance are even cheaper, starting at 0.00% maker and 0.04% taker. Bybit does not offer token-based fee incentives.
- Broader leverage support: Binance supports 125x leverage on both USDT and USDC contracts with up to $50,000 in notional size. Bybit only offers 125x on USDC and lacks this tier for USDT, limiting aggressive exposure on the most liquid margin pair.
Bybit's Main Advantages
Bybit outperforms Binance in position sizing, advanced order execution, and access to early-stage or alternative market products.
- Larger position sizing: Bybit offers significantly higher notional limits at 100x leverage (up to $2 million in USDT and $1 million in USDC) compared to Binance’s $600,000 and $500,000 caps, respectively. This makes it more suitable for high-scale directional or hedged trades.
- More diverse product types: Bybit offers inverse perpetuals that are coin-settled like Binance’s COIN-M contracts, and expiry futures similar to Binance’s delivery contracts. In addition, Bybit’s premarket perpetuals allow access to new listings before they launch on other platforms.
- Superior execution tools: Bybit supports iceberg orders, conditional orders, chase-limit logic, and webhook-based automation. Its TradingView integration allows efficient alert-to-order workflows, ideal for signal-based and automated strategies that don’t require constant chart monitoring.
