Derive vs Bybit
Head to head
the arrow points to the better figure| Derive | Bybit | |
|---|---|---|
| Trading | ||
| — | BTC trade, $10k | $11.31 |
| — | BTC trade, $1M | $1,304 |
| — | BTC book depth | $22.4M |
| 0.030%/0.010% | ◀Taker / maker | 0.055%/0.020% |
| 15x | Max leverage▶ | 150x |
| Size | ||
| — | Volume 24h▶ | $18.03B |
| — | Volume, 7-day average | $13.34B |
| $84.6Mone side | Open interest | $11.86Blongs + shorts |
| $295K | TVL | — |
| Markets | ||
| 15 | Markets▶ | 894 |
| 0 | Stocks & RWA▶ | 294 |
| — | Funding paid every | 1h or 4h or 8h |
| +0.0100% | BTC funding /8h | +0.0100% |
| +0.212% | BTC longs paid, 30d | +0.469% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| — | Airdrop | — |
Size
daily, last 90 daysVolume by asset class
last 90 daysOn both: 0
funding /8h · Net 7d at $10kOnly on Derive: 0
Only on Bybit: 825
BTC · ETH · SOL · XRP · HYPE · ZEC · XAUT · XAU · NEAR · DOGE · BNB · SOXL · LIT · SUI · TRX · LINK · ENA · UNI · AVAX · LTC · PEPE · XAG · CL · ASTER · XMR · AAVE · ADA · ONDO · SNDK · INTC · SPCX · WLD · BCH · GOOGL · PUMP · XLM · MNT · TAO · SKHYNIX · MU · PAXG · ZRO · HBAR · MSTR · GRAM · WLFI · XPL · KORU · ARB · TRUMP · QQQ · GRASS · NVDA · VVV · TSLA · INJ · DOT · CRV · APT · QNT · and 765 more
Questions
Which has more markets, Derive or Bybit?
Derive lists 15 active markets and Bybit 894; 0 assets trade on both.
Does Derive or Bybit require KYC?
Derive: No ID, the account is created by your first deposit; not for US persons, Australian tax residents, Ontario or sanctioned countries. Bybit: Standard verification is mandatory for every product.
Can you arbitrage funding between Derive and Bybit?
Not profitably right now: none of the 0 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Derive or Bybit?
24-hour volume: Derive {va}, Bybit $18.03B. Open interest as each reports it: $84.6M and $11.86B. Bybit reports open interest as longs plus shorts, both sides of every position; Derive reports one side. For the same positions Bybit's figure reads about twice as large. TVL: $295K and none published.