Bybitvs
Coinbase Futures
Compare Bybit vs Coinbase 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 ›
Bybit9.4/10Coinbase Futures6.75/10Market 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.
BybitBTC/USDTCoinbase FuturesWinner 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.
Bybit vs Coinbase Futures: 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 | Bybit | Coinbase Futures |
|---|---|---|
| Fees & costs | ||
| Taker fee | 0.055% | 0.6% |
| Maker fee | 0.02% | 0.4% |
| 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 & USDC Settled | USDC only |
| Maximum leverage | 125x | 20x |
| Spot assets | 1800 | 285 |
| Platform type | Centralized | Centralized |
| Regulation & trust | ||
| Regulation | CySEC (Cyprus), VARA (Dubai), FSA (Kazakhstan), and VASP (Georgia) | Tier-1 Regulators including FCA (UK), BaFin (Germany), BitLicense (New York), MAS (Singapore), AUSTRAC (Australia), and VASP (Multiple EU countries) |
| Proof of reserves | ✓ Yes | ✓ Yes |
| Supported countries | 160+ | 100 |
| Users | 67 Million | 120 Million |
| Headquarters | Dubai, United Arab Emirates | San Francisco, United States |
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.
About Coinbase Futures
Coinbase, founded in 2012 and led by CEO Brian Armstrong, became the global leader in crypto derivatives by open interest and options volume after closing its $2.9 billion Deribit acquisition.
Perpetuals run through three regulated channels, CFTC-cleared perpetual-style futures for US traders, the Bermuda-licensed International Exchange with 180+ perps at up to 50x, and MiCA-covered access in the EEA.
International perps fees start at 0.020% maker and 0.040% taker, scaling to 0% and 0.015% at the top tier, while retail traders on Coinbase Advanced pay a promotional 0% maker and 0.03% taker.
On September 9 the international derivatives business consolidates onto Deribit's matching engine, bringing a unified order book, a larger insurance fund, and continuous funding accrual.
