PerpTiers

BTC perpetual futures on 8 exchanges

Funding rate, maximum leverage and margin tiers for BTC on Binance, OKX, Bybit, Gate, Bitget, Hyperliquid, MEXC, KuCoin, side by side. Data as of 11 Oct 2026, 09:06 UTC.

The highest leverage on BTC is 500x, on MEXC; Hyperliquid allows up to 40x.

Funding, converted to an 8-hour rate, ranges from -0.0098% on Hyperliquid to +0.0032% on Bybit, so longs pay on some exchanges and shorts on others.

At 20x, the largest position you can open ranges from about 50,000,000 USDT on Bybit to 82,992,400,000,000,000,000 USDT on MEXC.

Funding and leverage

ExchangeMark priceFunding / 8hAnnualisedSettles everyMax leverageTier 1 maint. rateCalculators
Binance 83,005.83 USDT -0.0011% -1.2% 8 h 150x 0.4% Liquidation Size
OKX 82,999.40 USDT -0.0017% -1.9% 8 h 100x 0.4% Liquidation Size
Bybit 82,994.90 USDT +0.0032% +3.5% 8 h 150x 0.33% Liquidation Size
Gate 82,990.97 USDT -0.0021% -2.3% 8.0 h 200x 0.3% Liquidation Size
Bitget 82,990.10 USDT -0.0014% -1.5% 8 h 150x 0.4% Liquidation Size
Hyperliquid 82,989.00 USDC -0.0098% -10.8% 1 h 40x 1.25% Liquidation Size
MEXC 82,992.40 USDT -0.0011% -1.2% 8 h 500x 0.1% Liquidation Size
KuCoin 83,000.10 USDT +0.0019% +2.1% 8.0 h 125x 0.4% Liquidation Size

Positive funding means longs pay shorts. Rates are converted to an 8-hour period because exchanges settle every 1 or 8 hours for BTC. Live rates: funding rate table.

Largest position at each leverage

ExchangeAt 10xAt 20xAt 50xAt 100xMargin tiers
Binance 230M USDT100M USDT12.0M USDT800K USDT 12
OKX 282M USDT116M USDT16.6M USDT830K USDT 99
Bybit 100M USDT50.0M USDT8.5M USDT2.0M USDT 35
Gate 200M USDT70.0M USDT15.0M USDT3.0M USDT 19
Bitget 150M USDT100M USDT15.0M USDT1.0M USDT 12
Hyperliquid 1,000,000B USDC1,000,000B USDC—— 2
MEXC 82,992,400,000B USDT82,992,400,000B USDT82,992,400,000B USDT82,992,400,000B USDT 1
KuCoin 185M USDT90.0M USDT10.0M USDT600K USDT 12

Position value in the margin currency. "—" means the exchange doesn't allow that leverage for BTC, or doesn't publish the limit (BingX lists only its first tier).

Compare where a BTC position gets liquidated on every exchange · compare trading fees

Reading these numbers

Maximum leverage only applies to small positions. Every exchange splits a contract into margin tiers: as the position grows, the allowed leverage falls and the maintenance margin rate rises, so the liquidation price moves closer to entry. The second table shows where each exchange draws those lines for BTC. If you plan a large position, check it there before choosing the exchange.

Funding is paid between longs and shorts, not to the exchange. Over a position held for days it often costs more than trading fees, and the rate can differ a lot between exchanges for the same coin.

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