Head to head
the arrow points to the better figure| Hibachi | Bybit | |
|---|---|---|
| Trading | ||
| $12.24 | BTC trade, $10k▶ | $11.01 |
| $14,587 | BTC trade, $1M▶ | $1,220 |
| $1.1M | BTC book depth▶ | $23.3M |
| 0.045%/0.000% | ◀Taker / maker | 0.055%/0.020% |
| 30x | Max leverage▶ | 150x |
| Size | ||
| $27.4M | Volume 24h▶ | $18.13B |
| $16.2M | Volume, 7-day average▶ | $13.34B |
| $1.3Mone side | Open interest | $11.92Blongs + shorts |
| $3.3M | TVL | — |
| Markets | ||
| 15 | Markets▶ | 894 |
| 7 | Stocks & RWA▶ | 294 |
| 1h | Funding paid every | 1h or 4h or 8h |
| +0.0264% | BTC funding /8h | +0.0100% |
| +1.672% | BTC longs paid, 30d | +0.469% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| Active | Airdrop | — |
Cost to trade BTC
| Size | Hibachi | Bybit |
|---|---|---|
| $1k | $1.2212.2 bp | $1.1011.0 bp |
| $10k | $12.2412.2 bp | $11.0111.0 bp |
| $100k | $14514.5 bp | $11011.0 bp |
| $1M | $14,587145.9 bp | $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: 11
funding /8h · Net 7d at $10k| Asset | Hibachi | Bybit | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0264% | +0.0100% | +0.0164% | −$22 |
| HYPE | +0.0728% | +0.0100% | +0.0628% | −$70 |
| BNB | +0.0576% | +0.0100% | +0.0476% | +$47 |
| ETH | −0.0192% | −0.0033% | +0.0159% | −$52 |
| PAXG | +0.0248% | +0.0100% | +0.0148% | −$36 |
| SOL | −0.0216% | −0.0104% | +0.0112% | — |
| XRP | +0.0032% | −0.0021% | — | — |
| SUI | +0.0392% | −0.0517% | — | — |
Only on Bybit: 814
ZEC · XAUT · XAU · NEAR · DOGE · SOXL · LIT · LINK · TRX · ENA · UNI · AVAX · LTC · PEPE · CL · ASTER · XMR · AAVE · ADA · SNDK · ONDO · INTC · SPCX · WLD · BCH · PUMP · GOOGL · XLM · TAO · MNT · SKHYNIX · MU · 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 · FIL · CAP · ATOM · and 754 more
Questions
Is Hibachi or Bybit cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $12.24 on Hibachi and $11.01 on Bybit right now, taker fee and order-book slippage together, so Bybit is cheaper. Taker fees: 0.045% and 0.055%.
Which has more markets, Hibachi or Bybit?
Hibachi lists 15 active markets and Bybit 894; 11 assets trade on both, 3 of them stocks, commodities or other real-world assets.
Does Hibachi or Bybit require KYC?
Hibachi: No ID; not for the US, the UK or sanctioned countries. Bybit: Standard verification is mandatory for every product.
Can you arbitrage funding between Hibachi and Bybit?
Yes: 2 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 BNB, long on Bybit and short on Hibachi, with $47 left after costs.
Which is bigger, Hibachi or Bybit?
24-hour volume: Hibachi $27.4M, Bybit $18.13B. Open interest as each reports it: $1.3M and $11.92B. Bybit reports open interest as longs plus shorts, both sides of every position; Hibachi reports one side. For the same positions Bybit's figure reads about twice as large. TVL: $3.3M and none published.