Head to head
the arrow points to the better figure| N1 | Bybit | |
|---|---|---|
| Trading | ||
| $11.93 | BTC trade, $10k≈ | $11.01 |
| — | BTC trade, $1M | $1,220 |
| $388K | BTC book depth▶ | $23.3M |
| 0.035%/0.010% | ◀Taker / maker | 0.055%/0.020% |
| 50x | Max leverage▶ | 150x |
| Size | ||
| $2.6M | Volume 24h▶ | $18.12B |
| $2.5M | Volume, 7-day average▶ | $13.34B |
| $854Kone side | Open interest | $11.91Blongs + shorts |
| — | TVL | — |
| Markets | ||
| 40 | Markets▶ | 894 |
| 0 | Stocks & RWA▶ | 294 |
| 1h | Funding paid every | 1h or 4h or 8h |
| +0.0064% | BTC funding /8h | +0.0100% |
| +0.505% | BTC longs paid, 30d | +0.469% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| — | Airdrop | — |
Cost to trade BTC
| Size | N1 | Bybit |
|---|---|---|
| $1k | $1.0610.6 bp | $1.1011.0 bp |
| $10k | $11.9311.9 bp | $11.0111.0 bp |
| $100k | $24824.8 bp | $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: 39
funding /8h · Net 7d at $10k| Asset | N1 | Bybit | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0064% | +0.0100% | +0.0036% | −$12 |
| ETH | +0.0064% | −0.0033% | +0.0097% | −$27 |
| HYPE | +0.0208% | +0.0100% | +0.0108% | +$4 |
| SOL | +0.0096% | −0.0104% | +0.0200% | −$27 |
| BNB | +0.0040% | +0.0100% | — | — |
| JUP | 0.0000% | −0.0047% | — | — |
| S | +0.0736% | +0.0052% | — | — |
| LIT | −0.0680% | −0.0445% | — | — |
| VVV | +0.0360% | +0.0100% | — | — |
| NEAR | +0.0120% | +0.0100% | — | — |
| AAVE | −0.0040% | +0.0100% | — | — |
| PAXG | +0.0256% | +0.0100% | — | — |
| ZEC | +0.0208% | +0.0100% | — | — |
| MORPHO | −0.0176% | +0.0100% | — | — |
| SUI | −0.0200% | −0.0517% | — | — |
| PUMP | −0.0080% | −0.0290% | — | — |
| XRP | +0.0112% | −0.0021% | — | — |
| ARB | −0.0224% | −0.0400% | — | — |
| ASTER | +0.0088% | +0.0100% | — | — |
| ENA | −0.0136% | −0.0105% | — | — |
Only on N1: 1
Only on Bybit: 786
XAUT · XAU · SOXL · LINK · TRX · AVAX · LTC · XAG · CL · ADA · SNDK · INTC · SPCX · BCH · GOOGL · XLM · MNT · SKHYNIX · MU · HBAR · MSTR · GRAM · KORU · TRUMP · GRASS · QQQ · NVDA · TSLA · INJ · DOT · CRV · QNT · AAPL · CRCL · STRK · POL · FIL · CAP · ATOM · ICP · ETHFI · MSFT · NBIS · CC · SKHY · SOXS · OP · LDO · SPX · SPY · BZ · USELESS · PENDLE · PONS · WIF · TIA · FF · USDC · STX · SEI · and 726 more
Questions
Is N1 or Bybit cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $11.93 on N1 and $11.01 on Bybit right now, taker fee and order-book slippage together: about the same. Taker fees: 0.035% and 0.055%.
Which has more markets, N1 or Bybit?
N1 lists 40 active markets and Bybit 894; 39 assets trade on both.
Does N1 or Bybit require KYC?
N1: No ID; closed to residents and citizens of the US, Canada, Russia and sanctioned countries. Bybit: Standard verification is mandatory for every product.
Can you arbitrage funding between N1 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 HYPE, long on Bybit and short on N1, with $4 left after costs.
Which is bigger, N1 or Bybit?
24-hour volume: N1 $2.6M, Bybit $18.12B. Open interest as each reports it: $854K and $11.91B. Bybit reports open interest as longs plus shorts, both sides of every position; N1 reports one side. For the same positions Bybit's figure reads about twice as large.