Hyperliquid vs Bybit

Compare Hyperliquid and Bybit on access model, regional availability, funding, products, liquidity and spot/futures reference fees. Account benefits are only one cost input and official account terms control eligibility.

FeatureHyperliquidBybit
TypeDEXCEX
Spot fee0.035%0.10%
Futures fee0.035%0.055%
Account benefit*Verify official account / termsVerify official account / terms
Founded20232018
Best forOn-chain perps · self-custody wallet accessDerivatives traders · high listed rebate

Hyperliquid

Hyperliquid is a decentralized perpetuals exchange launched in 2023 with its own high-performance L1 chain, on-chain order book, self-custody. Access is usually wallet-based, while frontend, regional and compliance rules may restrict use.

Bybit

Bybit, founded in 2018, is a major derivatives exchange with a broad futures offering and a relatively high rebate listed on this page, subject to account eligibility.

Page reviewed 2026-08-09. Fee cells are editorial reference snapshots, not live account quotes; verify region, product availability, fee tier and any account benefit in the official account view.