Crypto derivatives exchanges

Futures and perpetual venues ranked by reported 24-hour volume, shown alongside open interest and contract counts.

Venues listed: 100
Combined open interest: 2,684,342 BTC

#	Exchange	24h volume (BTC)	Open interest (BTC)	Perpetuals	Futures
1	Binance (Futures)	852,425	396,142	589	183
2	Hyperliquid (Futures)	140,514	172,301	387	0
3	MEXC (Futures)	227,133	156,295	1165	0
4	Bybit (Futures)	254,534	154,718	825	76
5	Gate (Futures)	124,107	146,658	948	0
6	WEEX (Futures)	302,392	126,760	1005	0
7	BYDFi (Futures)	5,430	123,704	352	0
8	Tapbit (Futures)	207,347	114,452	113	0
9	Bitget Futures	153,975	106,482	833	0
10	OKX (Futures)	362,272	100,195	453	24
11	XT.COM (Derivatives)	151,827	95,027	709	10
12	CoinW (Futures)	296,048	84,427	424	0
13	KuCoin Futures	41,097	75,581	687	1
14	Toobit Futures	209,534	75,570	748	0
15	OrangeX Futures	280,884	66,073	572	0
16	WhiteBIT Futures	102,670	60,721	399	0
17	HTX Futures	25,161	53,214	312	8
18	BingX (Futures)	70,399	42,315	1098	0
19	BVOX (Futures)	300,767	39,904	97	0
20	LBank (Futures)	108,964	36,557	790	0
21	Bitmart Futures	154,479	32,804	933	0
22	Deribit	12,136	31,222	34	79
23	Aster (Futures)	25,681	28,863	553	0
24	Bitunix Futures	87,049	27,955	724	0
25	Ourbit (Futures)	215,065	27,656	740	0
26	Phemex (Futures)	24,447	27,496	484	0
27	Deepcoin (Derivatives)	231,155	23,817	260	0
28	BTSE (Futures)	46,398	23,559	203	4
29	Crypto.com Exchange (Futures)	26,311	22,348	359	14
30	Bitfinex (Futures)	1,800	21,093	87	0
31	PrimeXBT	20,182	19,852	161	0
32	BULK	557	19,041	22	0
33	Variational Omni	17,219	17,315	554	0
34	BloFin (Futures)	13,823	14,338	487	0
35	Lighter	20,252	12,310	204	0
36	BitKan (Futures)	10,283	11,117	696	0
37	Hotcoin (Futures)	126,498	8,833	547	0
38	KCEX (Futures)	308,191	8,342	805	0
39	edgeX	21,637	7,336	212	0
40	Zoomex (Futures)	125,302	7,217	674	0
41	EVEDEX	8,142	6,392	52	0
42	GRVT	4,297	5,494	183	0
43	Kraken (Futures)	17,753	5,232	282	17
44	Bitrue (Futures)	31,821	5,120	703	0
45	Antarctic	3,345	4,014	32	0
46	Biconomy (Futures)	75,660	3,414	6	0
47	Coinbase International Exchange (Derivatives)	103,460	2,931	160	0
48	QFEX	1,203	2,523	152	0
49	Ostium	2,476	2,343	44	0
50	Extended	7,821	2,215	277	0
51	GMTrade	6,280	1,883	97	0
52	ApeX Omni	26,824	1,822	349	0
53	CoinEx (Futures)	5,476	1,821	239	0
54	LeveX (Futures)	2,339	1,732	268	0
55	Pacifica	10,981	1,418	75	0
56	Ondo Perps	2,343	1,273	46	0
57	Backpack (Futures)	3,452	1,240	76	0
58	Derive (Futures)	395	1,118	16	105
59	Robinhood Chain Lighter (Futures)	3,096	1,104	40	0
60	IO Trader	1,508	1,071	91	0
61	Nado	5,444	988	68	0
62	StandX	6,116	954	11	0
63	AlphaX (Futures)	9,015	941	646	0
64	BitMEX (Derivative)	140	913	67	10
65	Globe (Derivatives)	191	736	27	0
66	GMX Perpetuals V2 (Arbitrum)	1,726	733	13	0
67	Vest Exchange	160	705	170	0
68	RISEx	1,418	623	26	0
69	dYdX Chain	475	568	119	0
70	Kalshi	10,681	541	13	0
71	Bullish (Futures)	1,320	492	22	0
72	Orderly (Derivatives)	557	332	144	0
73	Niza.fun (Futures)	562	332	80	0
74	Arcus (Futures)	960	273	42	0
75	WOO X (Futures)	104	257	224	0
76	Flipster	2,375	222	311	0
77	Astros	351	161	34	0
78	Aevo	51	121	128	0
79	HashKey Global (Futures)	6	96	3	0
80	Paradex	262	86	85	0
81	Gate DEX	194	80	762	0
82	Decibel	940	62	66	0
83	HitBTC (Derivatives)	318	54	40	0
84	gTrade (Arbitrum)	427	48	292	0
85	Gemini Derivatives	31	45	13	0
86	Helix (Futures)	409	33	375	0
87	BigONE Futures	15,943	27	87	0
88	Synthetix	44	26	10	0
89	VALR Futures	67	22	6	0
90	Katana Perps	488	18	9	0
91	SynFutures	1,009	13	3	0
92	gTrade (Base)	83	10	181	0
93	Strike Finance	239	10	26	0
94	GMX Perpetuals V2 (Avalanche)	3	10	5	0
95	Delta Exchange (Futures)	282	10	9	0
96	KiloEx (BSC)	58	9	18	0
97	KiloEx (Base)	34	6	13	0
98	Dipcoin (Futures)	13,632	5	43	0
99	KiloEx (opBnb)	30	4	24	0
100	SparkDEX Perps	9	2	53	0

Volume, open interest and why both matter

Volume counts every contract traded in a period. Open interest counts contracts currently held open. A venue can post enormous volume from high-frequency churn while holding very little open interest, which tells you the activity is short-term rather than positional.

Rising open interest alongside a rising price generally means new long positions are being opened. Rising price with falling open interest usually means shorts are closing. That distinction is the main reason traders watch these figures rather than volume alone.

Derivatives carry liquidation risk that spot markets do not. Leverage magnifies losses as much as gains, and a position can be closed automatically at a loss during ordinary volatility. These pages are reference data, not an encouragement to trade with leverage.