Bybit vs Coinbase International

Bybit vs Coinbase International: which to use

Bybit vs Coinbase International is two centralized exchanges with the same maker fee and different taker fees, market counts and leverage. Bybit charges 2 bp maker and 5.5 bp taker, lists 857 perp markets and allows up to 150x. Coinbase International charges 2 bp maker and 4 bp taker, lists 131 markets and allows up to 50x. Coinbase International pays funding hourly on every market. Traders who want a lower taker fee or one funding schedule fit Coinbase International. Traders who want more markets, more real-world assets or higher leverage fit Bybit.

How each exchange is built

Bybit and Coinbase International 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, so you trade against resting orders from other participants.

Fees and what they mean

Bybit's base tier is 2 bp maker and 5.5 bp taker, per Bybit's fee page. Coinbase International's base tier is 2 bp maker and 4 bp taker, per Coinbase International's fee page.

A market order pays the taker fee to open and again to close. That is 11 bp per round trip on Bybit and 8 bp on Coinbase International. A limit order that rests on the book pays the maker fee instead, 2 bp on both, so the fee gap applies only to market orders.

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

Markets and leverage

As of 1 October 2026 Bybit lists 857 active perps, 237 of them stocks, commodities, FX or other real-world assets. Coinbase International lists 131, of which 34 are real-world assets.

Bybit allows up to 150x on its highest-leverage market and Coinbase International up to 50x. Most markets on both allow less. Coinbase International pays funding every hour on every market. Bybit pays every 1 hour, 4 hours or 8 hours depending on the market, so check a market's interval before you hold a position. An hourly market settles 24 times a day, an 8-hour market three times. The list further down this page shows the markets both exchanges have and each one's funding rate.

Who can use them

Both exchanges require KYC. Bybit requires standard verification for every product. Coinbase International requires ID and a suitability check, and its perps are for eligible non-US countries, so US and UK retail traders are shut out.

Reading the numbers on this page

Bybit publishes open interest as longs plus shorts, both sides of every position. Coinbase International publishes one side of open positions. For the same positions Bybit's figure reads about twice as large, so the open interest row and chart above are not a like-for-like comparison of size.

Neither exchange publishes TVL, as is usual for a centralized exchange, so the TVL row and chart show no figure for either.

Which one fits you

• Pick Bybit if you want the wider list of markets: 857 against 131.
• Pick Bybit if you trade stocks, commodities or FX perps and want a larger set of them: 237 against 34.
• Pick Bybit if you need leverage above 50x, up to 150x on its highest-leverage market.
• Pick Coinbase International if you trade with market orders: 4 bp taker against 5.5 bp.
• Pick Coinbase International if you want every market on an hourly funding schedule.