Crypto Exchange Rankings
Derivatives exchanges ranked by 24h futures volume · open interest, liquidations and OI-weighted funding rate · refreshed every minute
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| # | Exchange | 24h Volume ▾ | Open Interest | Taker Fee | Maker Fee | 24h Liquidations | OI/24h Vol |
|---|---|---|---|---|---|---|---|
| 1 | Binance | $35.86B | $22.36B | 0.05% | 0.02% | $78.33M | 0.6235 |
| 2 | OKX | $16.10B | $5.87B | 0.05% | 0.02% | $47.68M | 0.3645 |
| 3 | MEXC | $10.33B | $11.53B | 0.04% | 0.01% | — | 1.1167 |
| 4 | Bybit | $10.28B | $11.26B | 0.055% | 0.02% | $16.34M | 1.0952 |
| 5 | Gate | $8.89B | $10.50B | 0.05% | 0.02% | $13.13M | 1.1803 |
| 6 | WhiteBIT | $6.32B | $4.54B | 0.035% | 0.01% | — | 0.7172 |
| 7 | LBank | $6.26B | — | 0.06% | 0.02% | — | — |
| 8 | Bitget | $5.45B | $7.69B | 0.06% | 0.02% | $8.85M | 1.4100 |
| 9 | Coinbase | $5.01B | $232.60M | 0.04% | 0.02% | — | 0.0464 |
| 10 | BingX | $4.60B | $2.46B | 0.05% | 0.02% | — | 0.5341 |
| 11 | Bitunix | $4.21B | — | 0.06% | 0.02% | — | — |
| 12 | Hyperliquid | $3.89B | $11.08B | 0.045% | 0.015% | $19.52M | 2.8485 |
| 13 | KuCoin | $1.47B | $3.71B | 0.06% | 0.02% | — | 2.5328 |
| 14 | AsteriAster open interest reflects the exchange's official single-sided figures; some platforms display double-sided values (~2x). | $1.21B | $1.15B | 0.04% | 0% | $2.67M | 0.9501 |
| 15 | HTX | $1.14B | $3.91B | 0.04% | 0.02% | $7.97M | 3.4212 |
| 16 | Lighter | $873.37M | $517.29M | 0% | 0% | $250.4K | 0.5923 |
| 17 | tradeXYZ | $817.91M | $2.19B | 0.09% | 0.03% | — | 2.6806 |
| 18 | Kraken | $730.93M | $440.08M | 0.05% | 0.02% | — | 0.6021 |
| 19 | Deribit | $485.62M | $1.22B | 0.05% | 0% | — | 2.5095 |
| 20 | Crypto.com | $359.33M | $938.03M | 0.04% | 0.02% | — | 2.6105 |
| 21 | CoinEx | $218.58M | $141.29M | 0.05% | 0.03% | $234.3K | 0.6464 |
| 22 | Backpack | $110.44M | $109.87M | 0.05% | 0.02% | — | 0.9949 |
| 23 | Bitfinex | $37.17M | $808.66M | 0% | 0% | $1.40M | 21.7555 |
| 24 | dYdX | $7.57M | $60.22M | 0.05% | 0.01% | — | 7.9531 |
| 25 | Paradex | $5.47M | $9.91M | 0.045% | 0.003% | — | 1.8124 |
| 26 | BitMEX | $3.78M | $30.31M | 0.05% | 0.05% | $33.9K | 8.0221 |
| 27 | edgeX | $0 | $10.70M | 0.038% | 0.018% | — | — |
| 28 | Cme | — | $12.39B | — | — | — | — |
Exchange rankings exclude tokenized stock, index and ETF contracts to keep the crypto scope clean; they are listed separately in the Exchange Stock Perps view under the home page Stocks tab.
This ranking covers 27 derivatives exchanges with a combined $123.60B in 24-hour perpetual volume and $114.97B in open interest. On-chain venues account for 13.0% of all open interest in this ranking.
Binance tops the table with 28.9% of global volume, ahead of OKX (12.9%) and Bybit (8.3%) — the top three combine for 50.1%. Note on methodology: $6.38B of daily tokenized-stock volume is excluded from these totals so that crypto figures stay comparable across venues.
About Exchange Rankings
How are exchanges ranked?
Exchanges are ranked by 24-hour futures trading volume aggregated across all perpetual contracts we track on each venue. You can also sort by open interest, liquidations, listed contracts or weighted funding rate.
What is open interest and why does it matter?
Open interest (OI) is the total value of all outstanding futures positions on an exchange. Higher OI means more capital committed to the venue and usually deeper liquidity; sudden OI changes often precede volatility.
What does the weighted funding rate mean?
It is the average funding rate of USDT-margined perpetuals on the exchange, weighted by each contract's open interest. A positive value means longs pay shorts on the venue's dominant contracts.
Why do liquidation numbers differ between exchanges?
Exchanges throttle or sample their public liquidation feeds differently (for example some only push one order per second), so reported totals are a lower bound and are not perfectly comparable across venues.
Volume and open interest are aggregated from official exchange APIs for perpetual futures markets. Coverage of smaller venues may be partial; liquidation totals only include orders pushed via exchange liquidation feeds.