OpenChainBench

Bybit vs OKX

OKX leads on the only live benchmark. OKX wins on Perp DEX funding stability, 24h stddev of ETH funding ranked (0.0069% vs 0.018%).

Read methodology Last measured Window: rolling 24h2 shared benchmarks
Bybit logo
Bybit

Bybit is one of the largest centralized derivatives exchanges, with USDT-margined linear perpetuals on hundreds of pairs and funding settled on 8 hour (some pairs 4 hour) periods.

OKX logo
OKX

OKX is a major centralized exchange whose USDT-margined perpetual swaps settle funding on variable periods (typically 8 hours), with rates capped per instrument.

Side by side measurements

Cheapest perp venue to hold a position, live funding normalized

Trading
ProviderAnnualized (ETH)Per-hour rate (ETH)BTC hold 24hSOL hold 24h
Bybit5.40%0.06 bps2.32 bps2.49 bps
OKX4.48%0.05 bps2.54 bps0.74 bps

Funding is signed. Positive means longs pay shorts, negative means longs get paid to hold. Venues settle on different native periods (1h for Hyperliquid and dYdX, 4h or 8h elsewhere); every figure is normalized from the venue's own quoted rate and interval before ranking. Funding is only the holding cost. Opening costs (taker fee, spread, impact) are the companion bench perp-fees.

Rolling 24h · Funding cost to hold a long 24hRaw JSON

Perp DEX funding stability, 24h stddev of ETH funding ranked

Trading

Bybit

Trails

0.018 %

p99
0.024%
rank
—
samples
2,880

OKX

Leads

0.0069 %

p99
0.0094%
rank
#4
samples
2,880

Stability is not directionality. A venue with persistently positive but tight-banded funding ranks better here than one that flips between positive and negative every settlement, even if the second venue offers better average carry. Read alongside perp-funding for direction and average level.

Rolling 24h · 24h ETH funding stddevRaw JSON

Frequently asked questions

Bybit vs OKX: which one is better?

Bybit and OKX are compared on 2 shared OpenChainBench benchmarks. Bybit leads on Cheapest perp venue to hold a position, live funding normalized. OKX leads on Perp DEX funding stability, 24h stddev of ETH funding ranked. See the live table on this page for every metric.

Which is cheaper, Bybit or OKX?

On the Cheapest perp venue to hold a position, live funding normalized benchmark, Bybit leads at -0.40 bps versus OKX at 0.58 bps. Live measurement is updated continuously by the OpenChainBench harness.

Which is cheaper, Bybit or OKX?

On the Perp DEX funding stability, 24h stddev of ETH funding ranked benchmark, OKX leads at 0.0069% versus Bybit at 0.018%. Live measurement is updated continuously by the OpenChainBench harness.

How is the Bybit vs OKX comparison measured?

Every benchmark on this page uses the same open methodology, published at https://openchainbench.com/methodology. Data is CC-BY-4.0. Measurement harnesses are MIT-licensed.

How this pair was selected

Auto-generated pairs require: both providers in the same benchmark for seven consecutive days, at least 1000 samples per provider, observable third-party search demand, and a public /products/[slug] page on OCB. Editorially curated pairs (like this one) may publish early when search demand is high and data is accruing — panels with fewer than 100 samples are shown as provisional. The full pair ledger is versioned in the public repo.

Live data refreshes via ISR within 60 seconds of a new run. Sources are the same Prometheus queries surfaced on the parent benchmark pages.