Exchange Comparison: The Big Four

Binance

The largest crypto exchange by volume. Offers the deepest liquidity and most trading pairs. MMR tiers from 2.5% (high leverage) to 8%. Liquidation uses mark price with insurance fund. Best for beginners due to extensive documentation.

  • Maker/Taker: 0.02% / 0.05%
  • Funding: 0.01% per 8h (capped)
  • MMR: 2.5% to 8% depending on leverage

Bybit

Popular derivatives-focused exchange known for clean UI and reliable liquidation engine. Unique feature: dual price mechanism prevents unfair liquidations. MMR starts at 0.5% for highest leverage tiers.

  • Maker/Taker: 0.1% / 0.1%
  • Funding: Variable, often 0.01%
  • MMR: 0.5% to 5% depending on leverage

OKX

Advanced platform with portfolio margin mode and cross-margin across multiple assets. Offers the most sophisticated risk management tools. MMR tiers from 4% to 15%.

  • Maker/Taker: 0.02% / 0.05%
  • Funding: Variable, typically 0.01%
  • MMR: 4% to 15% depending on leverage

Bitget

Fast-growing exchange with competitive fees and copy-trading features. Good for social traders. MMR ranges from 4% to 15%, similar to OKX. Insurance fund protects against socialized losses.

  • Maker/Taker: 0.02% / 0.06%
  • Funding: Variable, typically 0.01%
  • MMR: 4% to 15% depending on leverage

Which Is Best?

There is no single "best" exchange. It depends on your priorities: liquidity (Binance), reliability (Bybit), advanced tools (OKX), or social trading (Bitget). Many traders use multiple exchanges simultaneously.

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