Bybit
All-round perpetual futures
Five exchanges I have used for derivatives, side by side: fees, leverage and options. No scores, no rankings.
All-round perpetual futures
Liquidity
Analysis tools
BTC and ETH options
Order execution speed
Base-tier USDT perpetual fees from each exchange's official fee schedule, checked 21 September 2026. Fees change; confirm on the exchange before trading.
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On a 10,000 USDT position, the gap between a 0.05% and a 0.06% taker fee is 1 USDT per side, every trade. If you scalp with market orders, look at the taker fee first. If you mostly use limit orders, the maker fee matters more.
It is not a recommendation to trade derivatives or to use a specific exchange. Leveraged trading can lose you your entire margin, and some exchanges are not available in every country. Check the rules where you live.