Head to head
the arrow points to the better figure| Bluefin | Bybit | |
|---|---|---|
| Trading | ||
| $13.98 | BTC trade, $10k▶ | $11.01 |
| — | BTC trade, $1M | $1,220 |
| $158K | BTC book depth▶ | $23.3M |
| 0.035%/0.010% | ◀Taker / maker | 0.055%/0.020% |
| 40x | Max leverage▶ | 150x |
| Size | ||
| $948K | Volume 24h▶ | $18.12B |
| $827K | Volume, 7-day average▶ | $13.34B |
| $740Kone side | Open interest | $11.91Blongs + shorts |
| $1.5M | TVL | — |
| Markets | ||
| 8 | Markets▶ | 894 |
| 1 | Stocks & RWA▶ | 294 |
| 1h | Funding paid every | 1h or 4h or 8h |
| +0.0100% | BTC funding /8h | +0.0100% |
| +2.207% | BTC longs paid, 30d | +0.469% |
| Access | ||
| No ID | ◀KYC | Required |
| $BLUE | Token | none yet |
| — | Airdrop | — |
Cost to trade BTC
| Size | Bluefin | Bybit |
|---|---|---|
| $1k | $1.3613.6 bp | $1.1011.0 bp |
| $10k | $13.9814.0 bp | $11.0111.0 bp |
| $100k | $24524.5 bp | $11011.0 bp |
| $1M | — | $1,22012.2 bp |
| $5M | — | $7,58215.2 bp |
BTC funding per day
pair pageSize
daily, last 90 daysVolume by asset class
last 90 daysOn both: 8
funding /8h · Net 7d at $10k| Asset | Bluefin | Bybit | Spread | Net 7d |
|---|---|---|---|---|
| SUI | +0.0100% | −0.0517% | +0.0617% | −$47 |
| HYPE | +0.2371% | +0.0100% | +0.2238% | +$5 |
| BTC | +0.0100% | +0.0100% | 0.0000% | −$20 |
| DEEP | −0.0263% | −0.0441% | — | — |
| SOL | +0.0100% | −0.0104% | — | — |
| WAL | +0.0026% | +0.0100% | 0.0000% | −$1,926 |
| ETH | −0.0035% | −0.0033% | — | — |
Only on Bluefin: 0
Only on Bybit: 817
XRP · ZEC · XAUT · NEAR · DOGE · BNB · SOXL · LIT · LINK · TRX · ENA · UNI · AVAX · LTC · PEPE · XAG · CL · ASTER · XMR · AAVE · ADA · SNDK · ONDO · INTC · SPCX · WLD · BCH · PUMP · GOOGL · XLM · TAO · MNT · SKHYNIX · MU · PAXG · ZRO · HBAR · MSTR · GRAM · WLFI · KORU · TRUMP · XPL · ARB · GRASS · QQQ · NVDA · VVV · TSLA · INJ · DOT · CRV · APT · QNT · AAPL · PENGU · FARTCOIN · CRCL · STRK · POL · and 757 more
Questions
Is Bluefin or Bybit cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $13.98 on Bluefin and $11.01 on Bybit right now, taker fee and order-book slippage together, so Bybit is cheaper. Taker fees: 0.035% and 0.055%.
Which has more markets, Bluefin or Bybit?
Bluefin lists 8 active markets and Bybit 894; 8 assets trade on both, 1 of them stocks, commodities or other real-world assets.
Does Bluefin or Bybit require KYC?
Bluefin: No ID (deposit addresses are sanctions-screened); not for the US, Canada, retail UK or sanctioned countries. Bybit: Standard verification is mandatory for every product.
Can you arbitrage funding between Bluefin and Bybit?
Yes: 1 of the assets on both paid more in funding over the last 7 days than a $10k round trip on both costs. The best was HYPE, long on Bybit and short on Bluefin, with $5 left after costs.
Which is bigger, Bluefin or Bybit?
24-hour volume: Bluefin $948K, Bybit $18.12B. Open interest as each reports it: $740K and $11.91B. Bybit reports open interest as longs plus shorts, both sides of every position; Bluefin reports one side. For the same positions Bybit's figure reads about twice as large. TVL: $1.5M and none published.