Head to head
the arrow points to the better figure| Ondo Perps | Bybit | |
|---|---|---|
| Trading | ||
| $8.03 | ◀BTC trade, $10k | $11.31 |
| — | BTC trade, $1M | $1,304 |
| $589K | BTC book depth▶ | $22.4M |
| 0.025%/0.010% | ◀Taker / maker | 0.055%/0.020% |
| 40x | Max leverage▶ | 150x |
| Size | ||
| $442.0M | Volume 24h▶ | $18.05B |
| $283.3M | Volume, 7-day average▶ | $13.34B |
| $83.3Mone side | Open interest | $11.84Blongs + shorts |
| — | TVL | — |
| Markets | ||
| 77 | Markets▶ | 894 |
| 65 | Stocks & RWA▶ | 294 |
| 1h | Funding paid every | 1h or 4h or 8h |
| +0.0100% | BTC funding /8h | +0.0100% |
| +0.693% | BTC longs paid, 30d | +0.469% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| Active | Airdrop | — |
Cost to trade BTC
| Size | Ondo Perps | Bybit |
|---|---|---|
| $1k | $0.808.0 bp | $1.1011.0 bp |
| $10k | $8.038.0 bp | $11.3111.3 bp |
| $100k | $14014.0 bp | $12012.0 bp |
| $1M | — | $1,30413.0 bp |
| $5M | — | $7,56415.1 bp |
BTC funding per day
pair pageSize
daily, last 90 daysVolume by asset class
last 90 daysOn both: 71
funding /8h · Net 7d at $10k| Asset | Ondo Perps | Bybit | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0100% | 0.0000% | −$21 |
| ETH | +0.0100% | −0.0066% | +0.0174% | −$44 |
| ZEC | +0.0100% | +0.0100% | 0.0000% | −$50 |
| XRP | +0.0100% | −0.0199% | +0.0308% | — |
| HYPE | +0.0100% | +0.0100% | 0.0000% | −$15 |
| SOL | +0.0100% | −0.0197% | +0.0310% | −$41 |
| LIT | +0.0100% | −0.0813% | +0.0513% | — |
| ONDO | +0.0100% | −0.0521% | +0.0813% | −$39 |
| ENA | +0.0100% | −0.0427% | +0.0586% | — |
| PUMP | +0.0100% | −0.0867% | +0.0953% | −$125 |
| NEAR | +0.0100% | +0.0100% | 0.0000% | −$30 |
Only on Bybit: 754
XAUT · DOGE · BNB · SUI · TRX · LINK · UNI · AVAX · LTC · PEPE · ASTER · XMR · AAVE · ADA · WLD · BCH · XLM · MNT · TAO · PAXG · ZRO · HBAR · GRAM · WLFI · XPL · ARB · TRUMP · GRASS · VVV · INJ · DOT · CRV · APT · QNT · PENGU · FARTCOIN · STRK · POL · FIL · CAP · ATOM · ICP · ETHFI · AERO · MON · SOXS · CC · OP · LDO · SPX · USELESS · PENDLE · PONS · TIA · WIF · VIRTUAL · FF · USDC · STX · SEI · and 694 more
Questions
Is Ondo Perps or Bybit cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $8.03 on Ondo Perps and $11.31 on Bybit right now, taker fee and order-book slippage together, so Ondo Perps is cheaper. Taker fees: 0.025% and 0.055%.
Which has more markets, Ondo Perps or Bybit?
Ondo Perps lists 77 active markets and Bybit 894; 71 assets trade on both, 60 of them stocks, commodities or other real-world assets.
Does Ondo Perps or Bybit require KYC?
Ondo Perps: No ID (only third-party fiat on-ramps check identity); not for the US, Canada, Panama, Russia, Ukraine or sanctioned countries. Bybit: Standard verification is mandatory for every product.
Can you arbitrage funding between Ondo Perps 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 CL, long on Bybit and short on Ondo Perps, with $13 left after costs.
Which is bigger, Ondo Perps or Bybit?
24-hour volume: Ondo Perps $442.0M, Bybit $18.05B. Open interest as each reports it: $83.3M and $11.84B. Bybit reports open interest as longs plus shorts, both sides of every position; Ondo Perps reports one side. For the same positions Bybit's figure reads about twice as large.