Hyperdash vs Bybit (2026): Features, Markets, Fees and Copy Trading Compared

Hyperdash vs Bybit at a Glance

• Asset classes: Hyperdash lists crypto, stocks, indices, commodities, FX and prediction markets. Bybit lists crypto, stocks, commodities and options, plus sports prediction markets through Bybit Alpha.
• FX perps: Hyperdash has 3 (EUR, GBP and JPY). Bybit lists none; it offers FX as MT5 CFDs.
• Positions you can see: on Hyperdash, every wallet's positions, live. On Bybit, aggregate ratios and master trader statistics.
• Who you can copy: on Hyperdash, any wallet, to copy or countertrade. On Bybit, master traders who apply.
• Profit share: up to 30% on Hyperdash, paid to the trader being copied from the fees on their copiers' volume. 10% to 15% on Bybit Copy Trading Classic.
• Execution algos: Hyperdash has TWAP, Chase TWAP, Swarm, Iceberg, Scale and Chase. Bybit has TWAP, Iceberg, Chase, POV and Scaled.
• Stock perp taker fee at $1M a month: 2.25 bps on Hyperdash, 2.75 bps on Bybit.

Bybit Alternative for Stocks, Commodities, FX and Prediction Markets

On Hyperdash, crypto, stocks, indices, commodities and FX all trade as perps against one USDC balance, around the clock. The account covers Hyperliquid's 178 crypto perps and 332 spot pairs, the 115 markets on xyz, the HIP-3 exchange for stocks, indices, commodities and FX, and HIP-4 prediction markets.

• Crypto perps: 178 on Hyperdash. Bybit does not publish a current count.
• Spot pairs: 332 on Hyperdash. Bybit does not publish a current count.
• Stocks, ETFs and indices: about 100 on Hyperdash, plus pre-IPO names. Bybit lists more than 170 TradFi perps across stocks, ETFs and commodities.
• Pre-IPO: listed on both venues; Hyperdash lists names such as SpaceX.
• Commodities: 9 on Hyperdash. Included in Bybit's TradFi perps.
• FX: 3 perps on Hyperdash. MT5 CFDs only on Bybit.
• Prediction markets: HIP-4 markets on Hyperdash. On Bybit, Bybit Prediction inside Bybit Alpha, powered by Polymarket and settled in USDC, with sports event contracts at launch in supported regions.
• Options: not offered on Hyperdash. BTC, ETH, SOL, MNT, XRP and DOGE on Bybit.

The 9 commodities on xyz are gold, silver, platinum, palladium, copper, WTI crude, Brent crude, natural gas and heating oil. The 3 FX pairs are EUR, GBP and JPY against the dollar.

Bybit splits its traditional markets in two. TradFi perps are USDT-settled and trade 24/7 in the Unified Trading Account. Bybit CFD, renamed from Bybit TradFi in July 2026, is a separate MT5 account with its own balance. On Hyperdash, xyz perps share one USDC balance with crypto perps and spot, and traded $60.9B in the 30 days to October 15th, 2026.

Order Types and Execution

Bybit has one of the fuller algo menus among exchanges: TWAP, iceberg, chase, scaled and percentage-of-volume (POV) orders, alongside the standard market, limit, conditional, take-profit and stop-loss and trailing stop orders. Where Hyperdash differs is in how a large order is worked passively:

• Chase TWAP: Bybit's POV sizes each child order to market volume. Hyperdash's Chase TWAP instead works each one-minute slice as a post-only order pegged to the best bid or ask, and sweeps any shortfall every five minutes, so most of a large order earns the maker rate.
• Swarm: up to 200 clips sent in parallel for traders who want size done in seconds.
• Flexible exits: each take-profit and stop-loss leg can execute as a market, limit, chase or TWAP order, so a large stop does not have to hit the book in one fill.

Bybit also offers no-code bots, including spot grid, futures grid, DCA, futures martingale and combo bots.

Market Data: See Every Trader's Positions

Bybit accounts are private, and Bybit publishes open interest and long/short ratios in aggregate. Its copy trading pages show master trader statistics, and a master who switches on Strategy Protection limits who can see their trades at all. A Hyperliquid wallet has no such switch. Hyperdash reads every position onchain and shows each wallet's entries, liquidation prices and PnL on its address page, ranks the largest holders of every market on Top Traders, and maps forced-selling levels on its liquidation heatmap.

Copy Trading on Hyperdash and Bybit

Bybit copy trading runs on master traders who apply from a subaccount. Hyperdash Copytrade runs on wallets: pick a trader from the Top 100 on the Copytraders page, or paste any Hyperliquid address, and mirror or counter up to 10 of them from one wallet.

• Who you can copy: any Hyperliquid wallet on Hyperdash. On Bybit, master traders who apply from a subaccount with identity verification and at least 100 USDT.
• Trader must opt in: no on Hyperdash, yes on Bybit.
• Traders at once: up to 10 per wallet on Hyperdash, up to 10 on Bybit.
• Countertrade: available on Hyperdash. Not listed in Bybit's copy trading guides.
• Profit share: up to 30% on Hyperdash, paid to the trader being copied from the fees on their copiers' volume. 10% to 15% by master tier on Bybit Copy Trading Classic, and up to 30% by tier on its MT5 TradFi copy product.
• Trading fee: on Hyperdash, copy trading carries a 5 bps fee, plus Hyperliquid's fees. On Bybit, your normal derivatives fee.
• Minimum: $100 USDC for a connected wallet on Hyperdash, 100 USDT on Bybit Classic.

Bybit runs three copy products: Copy Trading Classic for USDT perps, TradFi Copy Trading for MT5 CFDs, and Copy Trading Pro for closed-end strategies. On Hyperdash, one Copytrade product covers crypto, stock, commodity and FX perps, with a 1x to 40x leverage cap, a maximum worse-entry setting and asset filters.

Fees on Stock and Commodity Perps

We compare a trader paying taker fees on $1M and on $25M of monthly volume in stock and commodity perps, at each venue's current rate for that volume.

• Taker, $1M a month: 2.25 bps on Hyperdash ($225), 2.75 bps on Bybit ($275).
• Taker, $25M a month: 2.175 bps on Hyperdash ($5,438), 1.87 bps on Bybit ($4,675).
• Maker, $1M a month: 1.65 bps on Hyperdash, 0 on Bybit.

Both Hyperdash traders in this example pay Hyperliquid's base xyz taker rate of 0.9 bps. xyz doubles Hyperliquid's fee as a deployer fee, growth mode cuts it by 90% on 110 of the 115 markets, and growth-mode volume counts at only 10% toward fee tiers. On top sits the 1.5 bps Hyperdash builder fee, less 10% cashback at $1M a month or 15% at $25M.

Bybit's TradFi perps use a dedicated fee group: 0% maker at every VIP level, 0.0275% taker at VIP 0 and 0.0187% at VIP 2. VIP 2 requires $25M of 30-day derivatives volume or a $250K asset balance. Bybit's August 11th, 2026 notice describes these rates as a discount running until further notice, against a standard 0.055% taker. Bybit is cheaper at $25M a month and for traders who mostly post limit orders.

xyz sets growth mode market by market. We compare the rates in force on October 16th, 2026, and exclude HYPE staking and referral discounts. On Hyperdash's core crypto perps, Hyperliquid's standard fee tiers apply and are higher than on xyz.

Hyperdash by the Numbers

• $248.1B: Hyperliquid perp volume in the 30 days from September 16th to October 15th, 2026, including $60.9B on xyz stock, commodity and FX markets.
• 138,222: wallets holding an open perp position at 11:16 PM EST on October 16th, 2026. Every one of them can be viewed, tracked or copied on Hyperdash.
• $290.8M: combined 30-day perp PnL of the 100 most profitable wallets on Hyperliquid. The 100th-ranked wallet made $0.90M.

Source: Hyperdash Data.

Where Bybit Leads

Bybit offers options on six underlyings, Earn products from flexible savings to dual asset, the Bybit Card, and P2P trading. Its maker fee on TradFi perps is 0%, and its taker fee is lower than Hyperdash's from VIP 1 up. Bybit CFD adds FX, indices and stock CFDs on MT5. Bybit does not serve users in the United States, Canada, Singapore, Hong Kong or Mainland China.

How to Get Started on Hyperdash

1. Sign in: use Google, Apple, email or any EVM wallet. Email and social sign-ins get a non-custodial wallet secured by Turnkey.
2. Deposit: deposit straight from a connected Bybit account, send crypto from 11 networks, or pay by bank transfer or card.
3. Find traders: open the Leaderboard or Copytraders, and check any wallet's positions on its address page.
4. Trade or copy: trade from the terminal, or start Copytrade with your allocation and leverage cap.

For the other exchanges, see Hyperdash vs Binance, Hyperdash vs OKX and the full comparison of Hyperdash vs Binance, OKX and Bybit.

Frequently Asked Questions (FAQ)

This article is for informational purposes only and does not constitute financial advice. Perpetual futures trading involves significant risk, including the loss of your margin.