F/USDT
Where F/USDT trades: Binance, KuCoin, Bybit and OKX, spot and perpetual futures, with per-venue 24h volume and share. $5.8M in 24h volume.
F/USDT trades on 4 exchanges across 7 listings — 4 perpetual futures markets and 3 spot books.
Binance runs the deepest of them at $2.5M over 24 hours, 44.0% of the $5.8M total we measure across all 7 of them.
Where F/USDT trades
| Exchange | 24h volume | Share |
|---|---|---|
| Binance | $2.5M | 44.0% |
| KuCoin | $1.1M | 18.9% |
| Binance | $918,949 | 15.9% |
| Bybit | $678,933 | 11.7% |
| OKX | $374,479 | 6.5% |
| Bybit | $157,888 | 2.7% |
| KuCoin | $14,924 | 0.3% |
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 2026-09-09 08:38 UTC.
Spot or perpetual
Perpetual futures: Binance, KuCoin, Bybit and OKX.
Spot: Binance, Bybit and KuCoin.
Where the liquidity sits
The top 3 venues hold 78.8% of measured F/USDT turnover: Binance perpetuals ($2.5M, 44.0%), KuCoin perpetuals ($1.1M, 18.9%) and Binance spot ($918,949, 15.9%).
Perpetual futures account for 81.1% 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. 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.