Hyperliquid vs Bybit
Hyperliquid (0.035% spot, 4% rebate) vs Bybit (0.10% spot, 33% rebate). Bybit has the higher listed rate; official account eligibility controls.
| Feature | Hyperliquid | Bybit |
|---|---|---|
| Type | DEX | CEX |
| Spot fee | 0.035% | 0.10% |
| Futures fee | 0.035% | 0.055% |
| Listed rebate eligibility | 4% | 33% |
| Founded | 2023 | 2018 |
| Best for | On-chain perps · self-custody wallet access | Derivatives 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.
Data as of 2026-08-01; fees and rebate rates reference each exchange’s official fee schedule and may change with official policy.
