BASED/USDT
Where BASED/USDT trades: OKX, Binance, Bybit and KuCoin, spot and perpetual futures, with per-venue 24h volume and share. $18.0M in 24h volume.
BASED/USDT trades on 4 exchanges across 7 listings — 4 perpetual futures markets and 3 spot books.
OKX runs the deepest of them at $9.0M over 24 hours, 50.0% of the $18.0M total we measure across all 7 of them.
Where BASED/USDT trades
| Exchange | Type | Symbol | 24h volume | Share |
|---|---|---|---|---|
| OKX | Perpetual |
BASED-USDT-SWAP
|
$9.0M | 50.0% |
| Binance | Perpetual |
BASEDUSDT
|
$5.5M | 30.3% |
| Bybit | Perpetual |
BASEDUSDT
|
$1.2M | 6.9% |
| KuCoin | Perpetual |
BASEDUSDTM
|
$1.2M | 6.4% |
| OKX | Spot |
BASED-USDT
|
$731.3K | 4.1% |
| Bybit | Spot |
BASEDUSDT
|
$373.7K | 2.1% |
| KuCoin | Spot |
BASED-USDT
|
$49.2K | 0.3% |
Volume is 24h turnover in USD, taken from each exchange's public ticker. A dash means the venue quotes the pair against something other than a USD stablecoin, so we have no honest USD figure for it rather than a converted guess. Updated 2026-08-19 16:29 UTC.
Spot or perpetual
Perpetual futures: OKX, Binance, Bybit and KuCoin.
Spot: OKX, Bybit and KuCoin.
Where the liquidity sits
The top 3 venues hold 87.2% of measured BASED/USDT turnover: OKX perpetuals ($9.0M, 50.0%), Binance perpetuals ($5.5M, 30.3%) and Bybit perpetuals ($1.2M, 6.9%).
Perpetual futures account for 93.6% of it, spot the rest. Futures turnover is notional, so it is not directly comparable to spot volume — the same dollar of margin moves several dollars of notional.
How we measure this
Volume is 24-hour turnover from each exchange's own public ticker, refreshed on a schedule rather than streamed. We only publish a dollar figure where the pair is quoted against a USD stablecoin, so the number is the venue's own turnover and not a conversion of ours.