Binance
CEX · Post-TGE
World's largest central exchange benchmark with mandatory KYC
Token already launched — trade it for liquidity or post-TGE rewards, not for an airdrop.
Binance vs Bybit
Compare Binance vs Bybit: taker fees, farm score, 24h volume, open interest, funding APR, and airdrop program window side by side.
Head-to-head
Perpetual DEX feature & fee matrix
Compare maker/taker fee tiers, reward pools, and score breakdowns between any two perp exchanges. Check live arbitrage spreads in the Funding Matrix, or review our tier scoring weights in the Scoring Methodology.
Bybit
CEX · Post-TGE
Major centralized perpetual futures exchange with deep liquidity
Token already launched — trade it for liquidity or post-TGE rewards, not for an airdrop.
Green highlights the better side for airdrop farming. Volume and Vol ÷ OI are shown as raw market data without a winner — a higher dollar volume is not “better”, it usually means a more crowded reward pool.
15
Farm score
16
$62.31B
Volume 24h
Absolute market size — not ranked; higher = more farmers competing
$15.40B
$31.16B
Open interest
$12.46B
—
OI Δ7d
—
—
Vol ÷ OI
24h volume ÷ open interest. ~1–3× = positioning; 8×+ often churn
—
+4.5%
Funding APR
+3.1%
0.02%/0.05%
M / T
0.02%/0.055%
Open
Program window
Open
undisclosed
Reward pool est.
undisclosed
$100
Fee / $100k RT
$110
—
Allocation
—
Higher farm score right now: Bybit (16/100).
Head-to-head
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FAQ
Compare questions
Which column matters most?+
Farm score already packs the trade-offs into one number. Use the row-by-row view when two scores are close and you want to see whether the edge is reward density, a quieter book, cheaper fees or an earlier program window.
What does Vol ÷ OI (turnover) mean?+
Daily volume divided by open interest. Real positioning typically turns over about 1–3× per day. When turnover is 8× or higher, the same open interest is being churned many times — a sign of incentive-driven volume competing with you for the pool, not that one venue is “bigger” than another.
Why is a $2B venue not automatically better than a $700M one?+
Volume is how much notional traded in 24 hours, not how good the airdrop is. A larger number means more farmers are already splitting the same reward pool. Farm score already penalises crowding — the volume row is there so you can see the raw competition, not to crown a winner.