Bybit vs Binance why I run both instead of picking one

every similar threads on reddit is the same recycled garbage. binance shills crawl out of one corner saying it's the only "real" exchange. bybit fanboys swing the other way claiming binance is dying. both takes are wrong and neither side has actually used both for long enough to know.

i ran binance only for like 4 years. added bybit about seven month ago after a buddy kept rubbing my face in his fills, like literally same setups same pairs and his were a tick or two better consistently. annoying enough that i finally tested it myself instead of arguing.

here's what's actually true after running both side by side:

binance wins on the mega caps and it's not close. btc and eth perps the binance order book is just deeper, you can size in without moving the market in a way you cannot replicate anywhere else. anyone telling you bybit has caught up at scale is lying or hasn't tried to dump real size.

bybit wins on basically everything below the top tier. mid-cap perps the spread is genuinely tighter, funding rates don't whip around as badly during chop, and the listings actually have liquidity instead of being the kind of zombie pair binance sometimes has where you see "150x leverage available" but the book is 3 deep on each side.

so i stopped picking sides like a child and just split my collateral. trade the pair where the book is better. yeah it's two accounts and yeah taxes get more annoying at year end, but the alpha from better fills more than covers the headache.

been net positive since i made the switch and i'd argue most active traders running one venue are leaving money on the table out of pure tribalism.

if you actually trade for a living you already know exchanges aren't religions and the "which is best" debate is content for people who don't trade enough to have opinions. use whatever gives you better fills on the pair in front of you. that's the whole post.