4/USDT
Where 4/USDT trades: Binance, KuCoin and Bybit, perpetual futures, with per-venue 24h volume and share. $2.9M in 24h volume.
4/USDT trades on 3 exchanges across 3 listings — 3 perpetual futures markets.
Binance runs the deepest of them at $152.7M over 24 hours, 82.8% of the $184.3M total we measure across all 3 of them.
Where 4/USDT trades
Volume is 24h turnover as each exchange's own public ticker reports it (USD-quoted; on-page amounts follow your selected display currency). A dash means the venue quotes the pair against something other than a USD stablecoin, so there is no honest reported figure for it rather than a converted guess. Updated 2026-09-05 06:30 UTC.
Spot or perpetual
Perpetual futures: Binance, Bybit and KuCoin.
No venue we track lists 4/USDT on spot; it exists only as a derivative, so there is no book to take delivery on.
Where the liquidity sits
The top 3 venues hold 100.0% of measured 4/USDT turnover: Binance perpetuals ($152.7M, 82.8%), Bybit perpetuals ($19.1M, 10.3%) and KuCoin perpetuals ($12.6M, 6.8%).
How we measure this
Volume is 24-hour turnover from each exchange's own public ticker, refreshed on a schedule rather than streamed. A venue enters the total only where it quotes the pair against a USD stablecoin, so the underlying figure is the venue's own reported turnover — never a cross-rate guess of ours. On-page amounts follow your selected display currency.