Head to head
the arrow points to the better figure| Paragon | Binance | |
|---|---|---|
| Trading | ||
| — | BTC trade, $10k | $10.01 |
| — | BTC trade, $1M | $1,159 |
| — | BTC book depth | $14.5M |
| 0.009%/0.003% | ◀Taker / maker | 0.050%/0.020% |
| 20x | Max leverage▶ | 150x |
| Size | ||
| $9.5M | Volume 24h▶ | $88.35B |
| $5.0M | Volume, 7-day average▶ | $60.90B |
| $15.1Mlongs + shorts | Open interest | $28.80Bone side |
| — | TVL | — |
| Markets | ||
| 33 | Markets▶ | 800 |
| 32 | Stocks & RWA▶ | 235 |
| 1h | Funding paid every | 1h or 4h or 8h |
| — | BTC funding /8h | +0.0100% |
| — | BTC longs paid, 30d | +0.488% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | $BNB |
| — | Airdrop | — |
Size
daily, last 90 daysVolume by asset class
last 90 daysOn both: 20
funding /8h · Net 7d at $10kOnly on Paragon: 13
10Y · 2Y · OTHERS · BTCD · 30Y · TOTAL2 · TREAD · CIFR · ANSEM · DRV · STX · IGV · ANT
Only on Binance: 736
BTC · ETH · SOL · ZEC · XAU · SPCX · XRP · SNDK · HYPE · SOXL · BNB · SKHYNIX · XAG · MU · GOOGL · CL · DOGE · NEAR · BZ · WLFI · UNI · INTC · QQQ · SKHY · PAXG · CRCL · PEPE · KORU · SUI · ASTER · MSTR · ENA · LINK · ANTHROPIC · BCH · NVDA · TRX · AVAX · ADA · WLD · LTC · PUMP · XMR · XAUT · AAVE · AIN · SOXS · TAO · AAPL · LIT · TSLA · ONDO · FIL · TRUMP · DRAM · BIANRENSHENG · TQQQ · NBIS · SPY · CAP · and 676 more
Questions
Which has more markets, Paragon or Binance?
Paragon lists 33 active markets and Binance 800; 20 assets trade on both, 20 of them stocks, commodities or other real-world assets.
Does Paragon or Binance require KYC?
Paragon: No ID, traded through Hyperliquid front ends; not for US persons or a long list of restricted countries, VPNs forbidden. Binance: Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Can you arbitrage funding between Paragon and Binance?
Not profitably right now: none of the 20 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Paragon or Binance?
24-hour volume: Paragon $9.5M, Binance $88.35B. Open interest as each reports it: $15.1M and $28.80B. Paragon reports open interest as longs plus shorts, both sides of every position; Binance reports one side. For the same positions Paragon's figure reads about twice as large.