RAY/USDT
Where RAY/USDT trades: Binance, OKX and KuCoin, spot and perpetual futures, with per-venue 24h volume and share. $1.4M in 24h volume.
RAY/USDT trades on 3 exchanges across 5 listings — 2 perpetual futures markets and 3 spot books.
Binance runs the deepest of them at $593.6K over 24 hours, 43.5% of the $1.4M total we measure across all 5 of them.
Where RAY/USDT trades
| Exchange | Type | Symbol | 24h volume | Share |
|---|---|---|---|---|
| Binance | Spot |
RAYUSDT
|
$593.6K | 43.5% |
| OKX | Perpetual |
RAY-USDT-SWAP
|
$398.9K | 29.2% |
| KuCoin | Spot |
RAY-USDT
|
$191.3K | 14.0% |
| OKX | Spot |
RAY-USDT
|
$105.6K | 7.7% |
| KuCoin | Perpetual |
RAYUSDTM
|
$74.9K | 5.5% |
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 and KuCoin.
Spot: Binance, KuCoin and OKX.
Where the liquidity sits
The top 3 venues hold 86.8% of measured RAY/USDT turnover: Binance spot ($593.6K, 43.5%), OKX perpetuals ($398.9K, 29.2%) and KuCoin spot ($191.3K, 14.0%).
Perpetual futures account for 34.7% 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.