Q/USDT
Where Q/USDT trades: Binance, Bybit and KuCoin, spot and perpetual futures, with per-venue 24h volume and share. $2.6M in 24h volume.
Q/USDT trades on 3 exchanges across 4 listings — 3 perpetual futures markets and 1 spot book.
Binance runs the deepest of them at $2.0M over 24 hours, 78.2% of the $2.6M total we measure across all 4 of them.
Where Q/USDT trades
| Exchange | Type | Symbol | 24h volume | Share |
|---|---|---|---|---|
| Binance | Perpetual |
QUSDT
|
$2.0M | 78.2% |
| Bybit | Perpetual |
QUSDT
|
$455.3K | 17.6% |
| KuCoin | Perpetual |
QUSDTM
|
$77.0K | 3.0% |
| KuCoin | Spot |
Q-USDT
|
$30.3K | 1.2% |
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, Bybit and KuCoin.
Spot: KuCoin.
Where the liquidity sits
The top 3 venues hold 98.8% of measured Q/USDT turnover: Binance perpetuals ($2.0M, 78.2%), Bybit perpetuals ($455.3K, 17.6%) and KuCoin perpetuals ($77.0K, 3.0%).
Perpetual futures account for 98.8% 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. 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.