Compare exchanges by open interest, derivatives volume, and the number of futures and perpetual contracts. Find the best platforms for your derivatives trading by real metrics.

#	Name	Open Interest	Adj. Vol (24H)	Perpetual	Futures

1	Binance Futures	$ 25.77B	$ 27.79B	721	22
2	OKX Futures	$ 8.01B	$ 10.71B	441	1135
3	MEXC Futures	$ 11.64B	$ 6.27B	834	0
4	Bybit Futures	$ 9.43B	$ 6.14B	692	0
5	Gate Futures	$ 5.04B	$ 5.51B	832	0
6	BingX Futures	$ 0.00	$ 5.38B	780	0
7	Bitget Futures	$ 7.51B	$ 3.80B	776	2
8	Bitunix Futures	$ 2.16B	$ 3.19B	696	0
9	ZOOMEX (Futures)	$ 483.74M	$ 2.33B	633	0
10	WhiteBIT Futures	$ 23.10B	$ 2.23B	397	0
11	WEEX Futures	$ 2.27B	$ 1.69B	881	0
12	Kraken Futures	$ 1.54B	$ 1.47B	261	2
13	Deepcoin Futures	$ 0.00	$ 1.46B	0	0
14	Kucoin Futures	$ 12.49B	$ 1.15B	673	0
15	PrimeXBT	$ 949.30M	$ 1.05B	161	0
16	HTX Futures	$ 3.59B	$ 937.41M	274	12
17	BTSE Futures	$ 8.94B	$ 926.52M	189	2
18	Phemex Futures	$ 2.35B	$ 687.39M	368	0
19	Deribit	$ 992.05M	$ 201.47M	19	2490
20	Tothemoon Futures	$ 0.00	$ 138.77M	12	0
21	Ondo Perps	$ 70.81M	$ 124.15M	35	0
22	Backpack Futures	$ 0.00	$ 99.50M	75	0
23	BYDFi Futures	$ 6.85M	$ 88.64M	284	0
24	Flipster Futures	$ 20.01M	$ 40.32M	235	0
25	bitFlyer Lightning	$ 0.00	$ 27.06M	1	0
26	BitMEX Derivatives	$ 4.08B	$ 20.67M	38	1
27	Bitfinex Futures	$ 0.00	$ 14.69M	73	0
28	Walbi	$ 463.13K	$ 2.34M	116	0

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FAQ

What are the differences in fees between derivatives and spot trading?

Spot trading usually has a simpler fee structure – a fixed percentage of the transaction amount. Derivatives may have a more complex fee structure, including fees for opening/closing positions, funding rates for perpetual contracts, and maintenance fees for holding positions.

What are derivatives on a crypto exchange?

Financial instruments whose value depends on the underlying asset (cryptocurrency). They allow traders to speculate on price changes without owning the asset itself. The main types are futures, options, swaps, and contracts for difference (CFD).

How does leverage work on CEX derivatives?

Leverage allows opening positions that exceed the amount of your own capital. For example, 10x leverage allows controlling a position 10 times larger than your deposit. This increases both potential profit and risk. The leverage size directly affects the required margin and liquidation level.

What is position liquidation on CEX derivatives?

Forced closure of a position by the exchange when the trader's margin falls below the required level. This occurs to prevent further losses and protect both the trader and the exchange. Liquidation usually happens at the market price, which may result in additional losses.

What are the advantages of trading CEX derivatives?

Trading with leverage allows for increased potential profit but also carries higher risk. It offers the ability to profit from both rising and falling markets. Hedging risks to protect the main portfolio.

What is the difference between perpetual and futures contracts on CEX?

Futures contracts have an expiration date, after which the contract is automatically closed. Perpetual futures have no expiration date and can be held indefinitely as long as sufficient margin is maintained and periodic funding fees are paid.

What risk management strategies are important when trading CEX derivatives?

Using stop-loss orders to limit potential losses. Diversifying the portfolio and positions. Properly selecting the leverage size based on experience. Calculating and adhering to the maximum risk per trade (no more than 1-2% of the deposit). Hedging positions using opposite contracts or options.