BingX vs BloFin

BingX or BloFin: which to use

BingX vs BloFin is a choice between two centralized exchanges with the same maker fee and different taker fees, market counts and leverage ceilings. BingX charges 2 bp maker and 5 bp taker, lists 1,240 perp markets (as of 1 October 2026) and goes up to 500x. BloFin charges 2 bp maker and 6 bp taker, lists 495 markets (as of 1 October 2026) and goes up to 150x. BingX requires advanced KYC to deposit or trade. BloFin lets you trade futures without ID, with withdrawals capped at 20,000 USDT a day until you verify. Fees, market count and ID rules decide it for most traders.

How each exchange is built

BingX and BloFin are both centralized exchanges (CEX): you open an account with the company, and the account holds your funds. Both match orders on a central limit order book. For the trader, that means an account at a company on each side, and a public book that sets the price you get.

Fees and what they mean

BingX's base tier is 2 bp maker and 5 bp taker, per BingX's perpetual futures fee schedule. BloFin's base tier is 2 bp maker and 6 bp taker, per BloFin's fee page.

A market order pays the taker fee to open and again to close: 10 bp per round trip on BingX, 12 bp on BloFin. A limit order that rests on the book pays the maker fee instead, 2 bp on both. If you trade with limit orders, the fee is the same on both exchanges.

Fees are only part of a trade's cost. Slippage is the price you move by eating through the order book, and it grows with size. The cost table above adds the taker fee twice and the measured slippage at each size from $1k to $5M. Every exchange's trading cost is compared on one page.

Markets and leverage

As of 1 October 2026 BingX lists 1,240 active perps, 234 of them stocks, commodities, FX or other real-world assets. BloFin lists 495, 115 of them real-world assets. BingX therefore has more markets and more real-world assets, while BloFin has a smaller list with a higher share of non-crypto markets (115 of 495, against 234 of 1,240).

BingX allows up to 500x and BloFin up to 150x on their highest-leverage markets. Most markets on both allow less. Both pay funding every 1 hour, 4 hours or 8 hours depending on the market. Check a market's interval before you hold it: an hourly market settles 24 times a day, an 8-hour market three times, so the same rate accrues at a different pace. The list further down this page shows the markets both exchanges have and each one's funding rate.

Who can use them

BingX requires advanced KYC to deposit or trade. Unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

BloFin limits accounts without ID: trading starts without ID, inside limits that verification lifts. You need no ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.

Reading the numbers on this page

Both exchanges publish open interest as one side of open positions, so the open interest row and chart above compare like with like. Neither exchange has a TVL row or chart, because centralized exchanges publish none.

Funding and cost figures come from each exchange's live data and order books, which we read ourselves. Use the table and charts above for today's numbers, and the funding arbitrage ranking to see how a BingX and BloFin spread nets out after a round trip.

Which one fits you

• Pick BingX if you trade with market orders: 5 bp taker against 6 bp.
• Pick BingX if you want a larger list: 1,240 markets against 495.
• Pick BingX if you want stocks, commodities or FX perps: 234 markets against 115.
• Pick BingX if you need more than 150x, up to 500x on some markets.
• Pick BloFin if you want to trade futures without ID, with no leverage limit.
• Pick BloFin if you place mostly limit orders: its 2 bp maker fee matches BingX, and you can start without verification.