Bybitvs
Binance Futures
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
| Bybit | Binance Futures | |
|---|---|---|
| Type | CEX | CEX |
| Taker fee | 5.5 bps | 5 bps✓ |
| Maker fee | 2 bps | 2 bps |
| Open Interest | $7.44B | $16.98B✓ |
| 24h Volume | $9.33B | $28.63B✓ |
| Avg Funding APR | 6.19% | 8.91% |
| Markets | 50 | 50 |
| Airdrop / token | Listed | Listed |
Bybit and Binance Futures are both perpetual-futures venues tracked on ORBIT. On fees, Binance Futures is cheaper (5 vs 5.5 bps taker). On liquidity, Binance Futures is deeper with $16.98B 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 Binance Futures diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Is Bybit or Binance Futures cheaper?
- Bybit charges 5.5 bps taker / 2 bps maker; Binance Futures charges 5 bps taker / 2 bps maker. Binance Futures has the lower taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, Bybit or Binance Futures?
- Bybit has $7.44B open interest across 50 markets; Binance Futures has $16.98B across 50. Binance Futures is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Bybit and Binance Futures?
- 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.