Head to head
the arrow points to the better figure| Perpl | Bybit | |
|---|---|---|
| Trading | ||
| — | BTC trade, $10k | $11.01 |
| — | BTC trade, $1M | $1,220 |
| — | BTC book depth | $23.3M |
| 0.035%/0.005% | ◀Taker / maker | 0.055%/0.020% |
| 15x | Max leverage▶ | 150x |
| Size | ||
| $20.3M | Volume 24h▶ | $18.12B |
| $18.9M | Volume, 7-day average▶ | $13.34B |
| $1.1Mone side | Open interest | $11.91Blongs + shorts |
| $3.2M | TVL | — |
| Markets | ||
| 11 | Markets▶ | 894 |
| 0 | Stocks & RWA▶ | 294 |
| 43m | Funding paid every | 1h or 4h or 8h |
| +0.0223% | BTC funding /8h | +0.0100% |
| +0.728% | BTC longs paid, 30d | +0.469% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| Active | Airdrop | — |
Cost to trade BTC
| Size | Perpl | Bybit |
|---|---|---|
| $1k | — | $1.1011.0 bp |
| $10k | — | $11.0111.0 bp |
| $100k | — | $11011.0 bp |
| $1M | — | $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 | Perpl | Bybit | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0223% | +0.0100% | +0.0123% | — |
| ETH | −0.0447% | −0.0033% | +0.0413% | — |
| MON | 0.0000% | +0.0100% | +0.0100% | — |
| SOL | +0.0447% | −0.0104% | +0.0551% | — |
| ZEC | 0.0000% | +0.0100% | +0.0100% | — |
| HYPE | +0.0335% | +0.0100% | +0.0235% | — |
| PUMP | +0.0447% | −0.0290% | +0.0737% | — |
| VVV | +0.0447% | +0.0100% | +0.0347% | — |
| NEAR | +0.0447% | +0.0100% | +0.0347% | — |
| LIT | −0.0112% | −0.0445% | +0.0333% | — |
| UNI | 0.0000% | +0.0100% | +0.0100% | — |
Only on Perpl: 0
Only on Bybit: 814
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Questions
Which has more markets, Perpl or Bybit?
Perpl lists 11 active markets and Bybit 894; 11 assets trade on both.
Does Perpl or Bybit require KYC?
Perpl: No ID; the app blocks the US, UK, Russia, Ukraine, Belarus and sanctioned countries. Bybit: Standard verification is mandatory for every product.
Can you arbitrage funding between Perpl and Bybit?
Not profitably right now: none of the 11 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Perpl or Bybit?
24-hour volume: Perpl $20.3M, Bybit $18.12B. Open interest as each reports it: $1.1M and $11.91B. Bybit reports open interest as longs plus shorts, both sides of every position; Perpl reports one side. For the same positions Bybit's figure reads about twice as large. TVL: $3.2M and none published.