Head to head
the arrow points to the better figure| Orderly | Bybit | |
|---|---|---|
| Trading | ||
| — | BTC trade, $10k | $11.31 |
| — | BTC trade, $1M | $1,304 |
| — | BTC book depth | $22.4M |
| 0.030%/0.000% | ◀Taker / maker | 0.055%/0.020% |
| 100x | Max leverage▶ | 150x |
| Size | ||
| $85.4M | Volume 24h▶ | $18.05B |
| $89.9M | Volume, 7-day average▶ | $13.34B |
| $46.8Mone side | Open interest | $11.84Blongs + shorts |
| $25.9M | TVL | — |
| Markets | ||
| 159 | Markets▶ | 894 |
| 57 | Stocks & RWA▶ | 294 |
| 1h or 4h or 8h | Funding paid every | 1h or 4h or 8h |
| +0.0100% | BTC funding /8h | +0.0100% |
| +0.554% | BTC longs paid, 30d | +0.469% |
| Access | ||
| No ID | ◀KYC | Required |
| $ORDER | Token | none yet |
| — | Airdrop | — |
Cost to trade BTC
| Size | Orderly | Bybit |
|---|---|---|
| $1k | — | $1.1011.0 bp |
| $10k | — | $11.3111.3 bp |
| $100k | — | $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: 139
funding /8h · Net 7d at $10k| Asset | Orderly | Bybit | Spread | Net 7d |
|---|---|---|---|---|
| ETH | +0.0100% | −0.0066% | +0.0174% | — |
| BTC | +0.0100% | +0.0100% | 0.0000% | — |
| SOL | +0.0034% | −0.0197% | +0.0244% | — |
| ZEC | +0.0026% | +0.0100% | +0.0074% | — |
| BNB | +0.0100% | +0.0100% | 0.0000% | — |
| RAY | −0.0179% | +0.0100% | +0.0279% | — |
| HYPE | +0.0100% | +0.0100% | 0.0000% | — |
| TRX | +0.0100% | −0.0778% | +0.0924% | — |
| S | −0.0324% | +0.0100% | +0.0424% | — |
| XRP | +0.0100% | −0.0199% | +0.0308% | — |
| DOGE | +0.0078% | −0.0464% | +0.0538% | — |
| ORDER | +0.0100% | −0.0310% | — | — |
| PUMP | +0.0007% | −0.0867% | — | — |
| ENA | +0.0093% | −0.0427% | +0.0579% | — |
| SUI | +0.0061% | −0.0554% | +0.0671% | — |
| ZRO | −0.0038% | +0.0100% | +0.0138% | — |
| WLD | −0.0246% | −0.0796% | — | — |
| NEAR | +0.0100% | +0.0100% | 0.0000% | — |
| LIT | −0.0177% | −0.0813% | +0.0236% | — |
| HBAR | +0.0090% | −0.0402% | — | — |
Only on Orderly: 11
SP500 · ALPIX · NAS100 · FET · SYN · NATGAS · COPPER · BVIV · PEARL · FASTX · CHUTES
Only on Bybit: 686
GRASS · QNT · ATOM · AERO · CC · LDO · FF · USDC · STX · ETC · RENDER · ARIA · ALGO · AKE · MORPHO · PIEVERSE · KAS · JCT · BTW · ARX · H · EVAA · CASHCAT · BEAM · SHIB · CHIP · POPCAT · COMP · TRB · Q · ICNT · HUMA · SOON · SAND · PLUME · XDC · BEAT · ZEREBRO · LSK · IMX · FLUID · W · BIRB · ATH · TWT · IRYS · BMT · XTZ · ETHBTC · ELSA · RUNE · MEGA · GALA · CHZ · VET · LAB · OGN · ZAMA · BAT · ZK · and 626 more
Questions
Which has more markets, Orderly or Bybit?
Orderly lists 159 active markets and Bybit 894; 139 assets trade on both, 52 of them stocks, commodities or other real-world assets.
Does Orderly or Bybit require KYC?
Orderly: No ID (the terms allow checks where applicable); not for US persons or sanctioned countries, and each front end can add rules. Bybit: Standard verification is mandatory for every product.
Can you arbitrage funding between Orderly and Bybit?
Not profitably right now: none of the 139 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Orderly or Bybit?
24-hour volume: Orderly $85.4M, Bybit $18.05B. Open interest as each reports it: $46.8M and $11.84B. Bybit reports open interest as longs plus shorts, both sides of every position; Orderly reports one side. For the same positions Bybit's figure reads about twice as large. TVL: $25.9M and none published.