Hyperliquid vs Bybit
Hyperliquid (0.035% spot, 4% rebate) vs Bybit (0.10% spot, 33% rebate). Bybit offers the higher rebate.
| Feature | Hyperliquid | Bybit |
|---|---|---|
| Type | DEX | CEX |
| Spot fee | 0.035% | 0.10% |
| Futures fee | 0.035% | 0.055% |
| Permanent rebate | 4% | 33% |
| Founded | 2023 | 2018 |
| Best for | On-chain perps · self-custody, no KYC | Derivatives traders · highest rebate |
Hyperliquid
Hyperliquid is a decentralized perpetuals exchange launched in 2023 with its own high-performance L1 chain, on-chain order book, self-custody and no KYC.
Bybit
Bybit, founded in 2018, is a leading global derivatives exchange known for deep futures liquidity and the highest rebate rates in the industry.
Data as of 2026-06-21; fees and rebate rates reference each exchange’s official fee schedule and may change with official policy.