F/USDT
Where F/USDT trades: Binance, KuCoin, Bybit and OKX, spot and perpetual futures, with per-venue 24h volume and share. $2.7M 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 $902.8K over 24 hours, 33.5% of the $2.7M total we measure across all 7 of them.
Where F/USDT trades
| Exchange | Type | Symbol | 24h volume | Share |
|---|---|---|---|---|
| Binance | Perpetual |
FUSDT
|
$902.8K | 33.5% |
| KuCoin | Perpetual |
FUSDTM
|
$794.4K | 29.5% |
| Bybit | Spot |
FUSDT
|
$400.2K | 14.8% |
| Bybit | Perpetual |
FUSDT
|
$261.9K | 9.7% |
| Binance | Spot |
FUSDT
|
$177.3K | 6.6% |
| OKX | Perpetual |
F-USDT-SWAP
|
$155.0K | 5.8% |
| KuCoin | Spot |
F-USDT
|
$3.8K | 0.1% |
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: Binance, KuCoin, Bybit and OKX.
Spot: Bybit, Binance and KuCoin.
Where the liquidity sits
The top 3 venues hold 77.8% of measured F/USDT turnover: Binance perpetuals ($902.8K, 33.5%), KuCoin perpetuals ($794.4K, 29.5%) and Bybit spot ($400.2K, 14.8%).
Perpetual futures account for 78.4% 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.