Binance vs Bybit Funding Rates

Side-by-side comparison of perpetual futures funding rates across 10 major assets.

Binance leads

Bybit leads

Current Rate Comparison

Asset	Bybit	Binance	MEXC	Spread	Best Venue
Solana	+10.95%	-0.37%	-0.22%	+1.0 bps	bybit
XRP	+4.47%	-3.01%	-3.07%	+0.7 bps	bybit
Ethereum	+4.10%	-2.66%	-2.63%	+0.6 bps	bybit
BNB	+10.95%	+5.11%	+5.04%	+0.5 bps	bybit
Bitcoin	+6.95%	+3.00%	+2.96%	+0.4 bps	bybit
Cardano	+7.52%	+10.95%	+10.95%	+0.3 bps	binance
Avalanche	-0.40%	-3.65%	-3.72%	+0.3 bps	bybit
Dogecoin	+10.95%	+7.95%	+7.88%	+0.3 bps	bybit
Polkadot	+10.95%	+9.63%	+9.42%	+0.1 bps	bybit
Chainlink	+4.76%	+4.41%	+4.27%	+0.0 bps	bybit

Detailed Breakdown

Bitcoin BTC/USDT Spread: 0.4 bps

Binance +3.00%

Bybit +6.95%

Ethereum ETH/USDT Spread: 0.6 bps

Binance -2.66%

Bybit +4.10%

Solana SOL/USDT Spread: 1.0 bps

Binance -0.37%

Bybit +10.95%

BNB BNB/USDT Spread: 0.5 bps

Binance +5.11%

Bybit +10.95%

XRP XRP/USDT Spread: 0.7 bps

Binance -3.01%

Bybit +4.47%

Dogecoin DOGE/USDT Spread: 0.3 bps

Binance +7.95%

Bybit +10.95%

Chainlink LINK/USDT Spread: 0.0 bps

Binance +4.41%

Bybit +4.76%

Avalanche AVAX/USDT Spread: 0.3 bps

Binance -3.65%

Bybit -0.40%

Polkadot DOT/USDT Spread: 0.1 bps

Binance +9.63%

Bybit +10.95%

Cardano ADA/USDT Spread: 0.3 bps

Binance +10.95%

Bybit +7.52%

Other venue comparisons

Bybit vs Binance Bybit vs MEXC Binance vs MEXC MEXC vs Bybit MEXC vs Binance

Why Compare Exchange Funding Rates?

Funding rates can differ significantly between exchanges. These spreads create arbitrage opportunities — a trader can go short on the exchange with higher funding and long on the exchange with lower funding, capturing the difference.

Even without cross-exchange arbitrage, comparing rates helps you choose the best venue for a carry trade. If you're planning to collect funding by shorting a perp, you want the exchange paying the highest rate.

FundingKai updates this comparison every 8 hours with live data from both Binance and Bybit.