Polymarket Perps vs Bybit
Bybit traded 130× Polymarket Perps's 24-hour volume ($18.03B vs $138.7M).
Head to head
the arrow points to the better figure| Polymarket Perps | Bybit | |
|---|---|---|
| Trading | ||
| $9.96 | ◀BTC trade, $10k | $11.31 |
| $1,904 | BTC trade, $1M▶ | $1,304 |
| $2.7M | BTC book depth▶ | $22.4M |
| 0.040%/0.013% | ◀Taker / maker | 0.055%/0.020% |
| 50x | Max leverage▶ | 150x |
| Size | ||
| $138.7M | Volume 24h▶ | $18.03B |
| $76.6M | Volume, 7-day average▶ | $13.34B |
| $108.4Mone side | Open interest | $11.86Blongs + shorts |
| — | TVL | — |
| Markets | ||
| 90 | Markets▶ | 894 |
| 49 | Stocks & RWA▶ | 294 |
| 1h | Funding paid every | 1h or 4h or 8h |
| +0.0100% | BTC funding /8h | +0.0100% |
| +0.677% | BTC longs paid, 30d | +0.469% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| Not active | Airdrop | — |
Cost to trade BTC
| Size | Polymarket Perps | Bybit |
|---|---|---|
| $1k | $0.878.7 bp | $1.1011.0 bp |
| $10k | $9.9610.0 bp | $11.3111.3 bp |
| $100k | $13113.1 bp | $12012.0 bp |
| $1M | $1,90419.0 bp | $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: 86
funding /8h · Net 7d at $10k| Asset | Polymarket Perps | Bybit | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0100% | 0.0000% | −$19 |
| ETH | +0.0100% | −0.0066% | +0.0174% | −$3 |
| SOL | +0.0073% | −0.0197% | +0.0283% | −$26 |
| ZEC | +0.0100% | +0.0100% | 0.0000% | −$68 |
| XRP | −0.0034% | −0.0199% | +0.0174% | −$28 |
| HYPE | +0.0100% | +0.0100% | 0.0000% | −$19 |
| XPL | +0.0001% | +0.0100% | +0.0099% | −$54 |
| ENA | +0.0100% | −0.0427% | +0.0586% | −$29 |
| PEPE | +0.0100% | −0.0160% | +0.0130% | −$47 |
| PUMP | +0.0100% | −0.0867% | +0.0953% | −$58 |
| DOGE | +0.0100% | −0.0464% | +0.0559% | −$20 |
| AAVE | +0.0100% | +0.0100% | +0.0004% | −$22 |
| UNI | +0.0100% | +0.0100% | 0.0000% | −$11 |
| ADA | −0.0377% | −0.0170% | +0.0171% | −$37 |
| SUI | −0.0318% | −0.0554% | +0.0292% | −$27 |
| ZRO | +0.0002% | +0.0100% | +0.0098% | −$58 |
| FARTCOIN | −0.0248% | +0.0100% | +0.0348% | −$41 |
| LTC | +0.0100% | +0.0099% | 0.0000% | −$53 |
| LINK | +0.0100% | −0.0071% | +0.0157% | −$11 |
| ARB | −0.0101% | −0.0538% | +0.0323% | −$64 |
Only on Bybit: 739
XAUT · TRX · ASTER · BCH · XLM · MNT · PAXG · HBAR · GRAM · WLFI · KORU · TRUMP · QQQ · GRASS · INJ · DOT · CRV · APT · QNT · PENGU · STRK · POL · FIL · CAP · ATOM · ICP · AERO · MON · SOXS · CC · OP · SPX · SPY · TIA · WIF · FF · USDC · STX · SEI · ETC · SNXX · RENDER · ARIA · DASH · ALGO · AKE · PIEVERSE · KAS · JCT · BTW · SKY · ARX · PYTH · BONK · TQQQ · H · EVAA · BEAM · CHIP · RAY · and 679 more
Questions
Is Polymarket Perps or Bybit cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $9.96 on Polymarket Perps and $11.31 on Bybit right now, taker fee and order-book slippage together, so Polymarket Perps is cheaper. Taker fees: 0.04% and 0.055%.
Which has more markets, Polymarket Perps or Bybit?
Polymarket Perps lists 90 active markets and Bybit 894; 86 assets trade on both, 46 of them stocks, commodities or other real-world assets.
Does Polymarket Perps or Bybit require KYC?
Polymarket Perps: No ID for Perps since the beta ended in Sep 2026; orders cannot be placed from the US, Canada or sanctioned countries. Bybit: Standard verification is mandatory for every product.
Can you arbitrage funding between Polymarket Perps and Bybit?
Yes: 3 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 Polymarket Perps, with $15 left after costs.
Which is bigger, Polymarket Perps or Bybit?
24-hour volume: Polymarket Perps $138.7M, Bybit $18.03B. Open interest as each reports it: $108.4M and $11.86B. Bybit reports open interest as longs plus shorts, both sides of every position; Polymarket Perps reports one side. For the same positions Bybit's figure reads about twice as large.