OPN/USDT
Where OPN/USDT trades: Binance, Bybit, OKX and KuCoin, spot and perpetual futures, with per-venue 24h volume and share. $6.5M in 24h volume.
OPN/USDT trades on 4 exchanges across 6 listings — 4 perpetual futures markets and 2 spot books.
Binance runs the deepest of them at $3.0M over 24 hours, 45.4% of the $6.5M total we measure across all 6 of them.
Where OPN/USDT trades
| Exchange | 24h volume | Share |
|---|---|---|
| Binance | $3.0M | 45.4% |
| Bybit | $1.3M | 20.1% |
| Bybit | $890,642 | 13.6% |
| OKX | $787,349 | 12.0% |
| Binance | $559,359 | 8.6% |
| KuCoin | $17,571 | 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, Bybit, OKX and KuCoin.
Spot: Bybit and Binance.
Where the liquidity sits
The top 3 venues hold 79.1% of measured OPN/USDT turnover: Binance perpetuals ($3.0M, 45.4%), Bybit perpetuals ($1.3M, 20.1%) and Bybit spot ($890,642, 13.6%).
Perpetual futures account for 77.8% 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.