—
title: “Bybit vs OKX Funding Rates: Which Exchange Wins? (2026)”
slug: “bybit-vs-okx-funding-rates”
author: “Funding Alerts Team”
date: 2026-07-02
schema_type: Article
—
# Bybit vs OKX Funding Rates: Which Wins?
Bybit and OKX are the **#2 and #3** crypto perpetual exchanges by volume.
This guide compares their funding rates and the cross-exchange arbitrage
opportunities between them.
## Quick Comparison
| Feature | Bybit | OKX |
|———|——-|—–|
| 24h volume | $15B | $12B |
| Funding interval | 8h | 8h |
| Pairs | 280+ | 400+ |
| Taker fee | 0.055% | 0.050% |
| KYC | None | None |
| Unique strength | Copy trading | Most altcoin pairs |
## Funding Rate Comparison (Real Data, July 2026)
| Pair | Bybit (8h) | OKX (8h) | Spread | APR Spread |
|——|————|———-|——–|————|
| BTC | +0.0088% | +0.0085% | -0.0003% | -0.33% APR |
| ETH | +0.0095% | +0.0092% | -0.0003% | -0.33% APR |
| SOL | +0.0125% | +0.0112% | -0.0013% | -1.42% APR |
| ARB | +0.0112% | +0.0098% | -0.0014% | -1.53% APR |
| OP | +0.0058% | +0.0055% | -0.0003% | -0.33% APR |
**Observation:** Bybit tends to have **higher funding** than OKX on most
pairs. OKX has more pairs but lower funding per pair (more arbitrage
competition).
## Why the Difference?
1. **OKX is more “pro”** — heavier algo/quant trader base, tighter
spreads, lower funding
2. **Bybit has more retail** — copy traders, more speculation, higher
funding
3. **OKX has more pairs** — fragmented liquidity per pair
## Best Strategies for Bybit-OKX Spread
### Strategy 1: Long OKX / Short Bybit
Since Bybit funding is usually higher:
– Long altcoin on OKX (lower funding, you pay less)
– Short altcoin on Bybit (higher funding, you receive)
– Collect spread
**Example with SOL:**
– Long SOL on OKX: pay +0.0112%/8h
– Short SOL on Bybit: receive +0.0125%/8h
– Net: +0.0013%/8h = +1.42% APR
### Strategy 2: Cash-and-Carry on Bybit (Higher Funding)
1. Buy SOL on OKX spot (or Binance)
2. Short SOL perp on Bybit
3. Collect Bybit’s higher funding
**Best for:** Holding periods 14-30 days.
## OKX’s Unique Edge: More Pairs
OKX lists **400+ pairs** vs Bybit’s 280+. This means:
– More arbitrage opportunities
– Earlier access to new tokens
– More diversified funding arb portfolio
**Example:** New token $XYZ lists on OKX at $1.00 with funding +0.1%/8h.
Bybit lists 3 days later. The funding on Bybit often starts at +0.05%/8h
(lower). Cross-exchange arb here is 50% APR for 3 days.
## Which is Better for Funding Rate?
**Choose Bybit if:**
– You want higher funding (and more funding arb opportunity)
– You use copy trading
– You want simpler UX
**Choose OKX if:**
– You want more pairs (400+)
– You trade new tokens early
– You want lower fees (0.05% vs 0.055%)
**Use both for cross-exchange arb** — same logic as Binance-Bybit.
## When OKX Has Higher Funding
Rare, but happens when:
– OKX has a new token listing (initial excitement)
– OKX-specific event (maintenance, promotion)
– Specific altcoin pumping on OKX
When this happens, swap the strategy.
## Live Data
Check the [Funding Rate Screener](/funding-rate-screener/) for real-time
Bybit vs OKX spreads.
## Related Comparisons
– [Binance vs Bybit](/binance-vs-bybit-funding-rates/)
– [Hyperliquid vs dYdX vs GMX](/hyperliquid-vs-dydx-vs-gmx-funding-rate/)
– [Binance vs OKX](/binance-vs-okx-funding-rates/) (coming soon)
## Disclaimer
Funding rate data is informational only. Not financial advice.