TradFi on Crypto Exchanges

Traditional-asset activity is separated into Real Equity, Tokenized Spot, TradFi Perps and CFD / Broker products before any aggregation. The main dashboard currently focuses on publicly verifiable venue data.

LAST UPDATED18 Sept, 19:01:56 SGTAuto-refresh on request

Partial coverageOKX 24H volume: 245 contracts reconstructed, 2 unavailable

TradFi Perps 24H Volume$22.13BPerpetual/futures layer only

TradFi Perps Open Interest$10.34BPerpetual/futures layer only

TradFi Perp Instruments1,706Explicitly mapped contracts

TradFi Perp Venues8 venuesNo Real Equity / Tokenized Spot / CFD mixing

Duo Research Indices

2026 YTD · public historical APIs · no synthetic backfill

Duo TradFi Activity Momentum

2026 YTD

Median underlying momentum after cross-venue aggregation; fixed core basket, no current-volume selection · 31 historical venue-instrument series · Binance / Bitget / Bybit

Methodology

Duo TradFi Participation Breadth

2026 YTD

Share of fixed core underlyings with positive 7D-vs-30D turnover momentum; each underlying equal-weighted

Methodology

Duo Cross-Venue Price Dispersion

2026 YTD

Median same-underlying close-price dispersion across 2+ venues · basis points · contract-unit mismatches excluded

Methodology

Duo Cross-Venue Funding Stress

2026 YTD

8H-normalized absolute funding · venue-first aggregation · rolling 60-day percentile · Binance / Bitget / Bybit / OKX · 42 venue-instrument series · 80+ = elevated

Methodology

Duo Market Regime Quadrant

OVERHEATED EXPANSION

Four-factor regime model · X = Activity Momentum + Participation Breadth · Y = Funding Stress + Price Dispersion percentile · 7D EMA · 60-day trail

Methodology

Duo TradFi Penetration Ratio

CURRENT

TradFi Perps 24H turnover ÷ same-venue total perpetual turnover · direct venue APIs only

Methodology

Live Cross-Venue Dislocation Radar

LIVE

Peak-to-peak last-price dispersion for the same canonical underlying across 2+ venues · >25% unit mismatches excluded

Methodology

Real Equity Access

Direct stock / ETF brokerage only · platform client volume remains private unless venue-published

Duo Brokerage Access Index

0–100

Composite score only. Internally: 65% Access + 35% Usability, where Usability = 100 − Friction. Access and Friction are methodology layers, not standalone headline indices.

Methodology

Published Real Equity Coverage

CURRENT

Venue-published minimum/approximate securities counts; region-dependent. Gemini publishes 'thousands' without a precise count and is excluded from this bar chart.

Methodology

BAI Decomposition

ACCESS + FRICTION

Venue	BAI	Access	Friction	Coverage	24/5	Fractional	Funding	Transfer	Lending	Ownership	Geo Friction	Transfer Friction
BinanceFull-stack	86	96	34	26/30	15/15	10/10	15/15	15/15	5/5	10/10	8/25	10/20
Crypto.comAdvanced	80	100	56	30/30	15/15	10/10	15/15	15/15	5/5	10/10	22/25	18/20
BitgetAdvanced	79	88	39	30/30	15/15	10/10	15/15	8/15	0/5	10/10	10/25	8/20
CoinbaseAdvanced	79	85	33	20/30	15/15	10/10	15/15	15/15	0/5	10/10	12/25	5/20
KrakenAdvanced	76	95	58	30/30	15/15	10/10	10/15	15/15	5/5	10/10	20/25	15/20
GeminiDeveloping	48	61	75	16/30	15/15	10/10	10/15	0/15	0/5	10/10	22/25	20/20

BAI = 65% Access + 35% (100 − Friction) · detailed penalty rules remain in MethodologyMethodology

Real Equity Access Matrix

6 VENUES

Venue	Coverage	24/5	Fractional	Minimum	Funding Rail	Transfer	Lending
Binance	7,000+	Yes	Yes	$5	USDC; BNB / USDT / U / USD1 can auto-convert	In / Out	Verified
Bitget	10,000+	Yes	Yes	~$10 / 0.0001 share	USDC Stock+ sub-account; crypto can be converted to USDC	In only	Not verified
Kraken	11,000+	Yes	Yes	Varies by symbol	Brokerage cash rails; stocks and crypto managed in one app	In / Out	Verified
Coinbase	~4,000 UK; thousands U.S.	Yes	Yes	$1 / £1	USD / USDC from one Coinbase account	In / Out	Not verified
Crypto.com	12,000+	Yes	Yes	No minimum deposit; fractional available	Bank / card / Apple Pay / Google Pay / crypto	In / Out	Verified
Gemini	Thousands	Yes	Yes	Not publicly standardized	Brokerage funding inside Gemini app	No	Not verified

Official venue product pages · as of 18 Sep 2026Methodology

Real Equity Brokerage Structure

Ownership / clearing / regional access · no tokenized spot or CFD products

Venue	Brokerage / ownership structure	Regions	Source status
Binance	Direct listed stocks/ETFs; beneficial ownership through regulated brokerage / clearing rails	Eligible global markets; jurisdiction dependent	Official public sourceBinance Stocks official pages; DTC transfer-in/out and FPSL verified Aug 2026
Bitget	Real U.S. securities held through compliant brokers; full shareholder rights	Eligible markets; jurisdiction dependent	Official public sourceBitget Stock+ official pages; inbound stock transfer, 24/5 and shareholder rights verified
Kraken	Kraken Securities LLC brokerage; direct securities, separate from xStocks	Eligible U.S. states	Official public sourceKraken Stocks official pages; ACATS, $100 transfer-out fee and Fully Paid Stock Lending verified
Coinbase	Coinbase Capital Markets brokerage; Apex execution / clearing / custody	U.S. and UK eligible customers	Official public sourceCoinbase Stocks / CCM official pages; 24/5, fractional trading, USD/USDC funding and ACATS verified
Crypto.com	Foris Capital US LLC broker-dealer; FINRA/SIPC	U.S. customers currently	Official public sourceCrypto.com Stocks official pages; U.S.-only access, $100 transfer-out fee, 24/5 and securities lending verified
Gemini	Gemini Galactic Markets introducing broker; Apex Clearing custodian / clearing	Eligible U.S. residents except published exclusions	Official public sourceGemini Stocks official pages; 24/5 verified, stock transfers currently unsupported

TradFi Perps

Stocks · ETFs · indices · commodities · FX · bonds · pre-IPO, kept within the derivatives layer

24H TradFi Perps Volume by Exchange

ROLLING 24H

Exact venue-reported quote/notional turnover only · no spot/CFD/real-equity volume included

Methodology

Largest TradFi Perp Markets by 24H Volume

TOP 10

Perpetual/futures contracts only

Methodology

TradFi Perps Volume by Asset Class

ROLLING 24H

Tracked$22.1B24H volume

Equity64.2%

Commodity33.9%

RWA (unclassified)0.6%

ETF0.6%

Equity Index0.5%

Pre-IPO / Private0.1%

Asset class is a second-level dimension inside the TradFi Perps product layer

Methodology

TradFi Perps Open Interest by Exchange

CURRENT

Perpetual/futures OI only · venue OI USD or normalized contract/base quantity

Methodology

Market structure

TradFi Perps only · live snapshot · no historical backfill

Most Extreme TradFi Perp Funding Rates

CURRENT

Perpetual products only; unsupported venues remain blank

Methodology

Tightest TradFi Perp Top-of-Book Spreads

TOP 10

Perpetual products only · best bid / ask, not full depth

Methodology

Tokenized Spot

Separate product layer · tokenized stocks / ETFs only

24H Tokenized Spot Volume by Exchange

ROLLING 24H

Tokenized spot turnover only · no perpetual volume included

Methodology

Largest Tokenized Spot Markets by 24H Volume

TOP 10

Tokenized stocks / ETFs only

Methodology

TradFi instruments

3449 mapped instruments · each row carries a product layer and asset class

Instrument	Venue	Layer	Asset Class	Product	Last	24H	24H Volume	Open Interest	Funding	Spread
XAUXAUUSDT	Binance	TradFi Perps	Commodity	Commodity Perpetual	4,391.85	+1.356%	$2.35B	$456.63M	—	0.0 bp
SNDKSNDKUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	1,644.96	+5.808%	$1.66B	$267.21M	—	0.1 bp
SPCXSPCXUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	156.04	+1.509%	$1.34B	$343.95M	—	0.6 bp
CLCLUSDT	Binance	TradFi Perps	Commodity	Commodity Perpetual	95.59	-0.582%	$967.14M	$313.49M	—	1.0 bp
SOXLSOXLUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	118.35	+6.670%	$834.90M	$153.85M	—	0.8 bp
XAGXAGUSDT	Binance	TradFi Perps	Commodity	Commodity Perpetual	67.15	+4.530%	$808.00M	$183.36M	—	1.5 bp
SNDKSNDK-USDT-SWAP	OKX	TradFi Perps	Equity	Equity Perpetual	1,644.7	+5.734%	$786.55M	$92.50M	—	0.6 bp
SKHYNIXSKHYNIXUSDT	Binance	TradFi Perps	Equity	Korea Equity Perpetual	1,336.76	+4.293%	$719.02M	$360.74M	—	0.1 bp
XAUXAU_USDT	MEXC	TradFi Perps	Commodity	Commodity Perpetual	4,384.15	+0.170%	$473.19M	$404.95M	+0.005%	0.1 bp
BZBZUSDT	Binance	TradFi Perps	Commodity	Commodity Perpetual	98.43	-1.105%	$435.31M	$157.48M	—	1.0 bp
XAUXAU_USDT	Gate	TradFi Perps	Commodity	Commodity Perpetual	4,385.35	+1.310%	$425.27M	$301.95M	+0.000%	0.0 bp
MUMUUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	992.34	+4.801%	$411.85M	$139.40M	—	0.1 bp
KORUKORUUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	19.97	+3.579%	$386.43M	$64.49M	—	5.0 bp
SNXXSNXXUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	15.28	+11.533%	$359.45M	$35.49M	—	6.5 bp
XAUXAU-USDT-SWAP	OKX	TradFi Perps	Commodity	Commodity Perpetual	4,392.5	+1.312%	$340.39M	$141.53M	—	0.2 bp
CRCLCRCLUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	88.12	+5.685%	$339.71M	$115.97M	—	1.1 bp
SKHYSKHYUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	186.46	+3.698%	$306.06M	$251.85M	—	1.1 bp
XAUTXAUT_USDT	MEXC	TradFi Perps	Commodity	Commodity Perpetual	4,375.5	+0.270%	$290.37M	$351.07M	+0.003%	0.7 bp
MSTRMSTRUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	137.67	+6.820%	$215.65M	$61.33M	—	0.7 bp
SNDKSNDK_USDT	Gate	TradFi Perps	Equity	Equity Perpetual	1,642.98	+5.970%	$204.93M	$232.84M	+0.000%	0.1 bp
XAGXAG_USDT	Gate	TradFi Perps	Commodity	Commodity Perpetual	67.04	+4.440%	$199.23M	$131.61M	+0.000%	1.5 bp
MUMUSTOCK_USDT	MEXC	TradFi Perps	Equity	Equity Perpetual	990.7	+1.310%	$193.71M	$36.04M	+0.000%	0.1 bp
INTCINTCUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	111.79	+7.397%	$188.07M	$59.83M	—	0.9 bp
NVDANVDAUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	221.17	+1.725%	$184.54M	$156.40M	—	0.5 bp
SILVERSILVER_USDT	MEXC	TradFi Perps	Commodity	Commodity Perpetual	67.03	+1.620%	$174.58M	$100.41M	+0.000%	1.5 bp
SOXLSOXL-USDT-SWAP	OKX	TradFi Perps	Equity	Equity Perpetual	118.38	+6.601%	$157.52M	$27.79M	—	0.8 bp
SPCXSPCX-USDT-SWAP	OKX	TradFi Perps	Equity	Equity Perpetual	156.04	+1.542%	$153.58M	$53.69M	—	0.6 bp
QQQQQQUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	721.22	+0.991%	$149.30M	$62.16M	—	0.1 bp
SKHYNIXSKHYNIXSTOCK_USDT	MEXC	TradFi Perps	Equity	Equity Perpetual	1,334.44	+2.040%	$140.88M	$19.30M	+0.000%	0.1 bp
XAUXAUUSDT	Bybit	TradFi Perps	Commodity	Commodity Perpetual	4,393.78	+1.332%	$134.19M	$85.79M	+0.010%	0.0 bp
SAMSUNGSAMSUNGUSDT	Binance	TradFi Perps	Equity	Korea Equity Perpetual	187.83	+1.464%	$132.81M	$20.98M	—	0.5 bp
SKHYNIXSKHYNIX-USDT-SWAP	OKX	TradFi Perps	Equity	Equity Perpetual	1,336.4	+4.321%	$129.30M	$52.32M	—	0.7 bp
XAUXAUUSDT	Bitget	TradFi Perps	Commodity	Commodity Perpetual	4,392.16	+1.307%	$122.11M	$60.98M	+0.011%	0.0 bp
SOXSSOXSUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	43.75	-6.895%	$121.86M	$15.77M	—	2.3 bp
GOOGLGOOGLUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	356.87	+2.726%	$120.93M	$75.28M	—	0.3 bp
SNDKSNDKUSDT	Bitget	TradFi Perps	Equity	Equity Perpetual	1,644.95	+5.761%	$110.06M	$38.35M	+0.019%	0.4 bp
AAPLAAPLUSDT	Bybit	TradFi Perps	Equity	Stock Perpetual	337.31	+0.864%	$108.66M	$5.81M	+0.000%	0.3 bp
HOODHOODUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	113.62	+6.197%	$108.53M	$24.41M	—	0.9 bp
SNDKSNDKUSDT	Bybit	TradFi Perps	Equity	Stock Perpetual	1,644.96	+5.768%	$108.32M	$28.48M	+0.011%	0.5 bp
NBISNBISUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	219.27	-5.336%	$106.90M	$20.12M	—	0.5 bp
SNDKSNDKSTOCK_USDT	MEXC	TradFi Perps	Equity	Equity Perpetual	1,642.55	+2.590%	$106.06M	$23.35M	+0.000%	0.1 bp
SPYSPYUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	763.39	+0.232%	$105.90M	$36.62M	—	0.1 bp
TSLATSLAUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	369.29	+1.691%	$105.61M	$50.94M	—	0.3 bp
AMDAMDUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	551.92	+5.074%	$95.33M	$21.99M	—	0.7 bp
CLCL-USDT-SWAP	OKX	TradFi Perps	Commodity	Commodity Perpetual	95.57	-0.531%	$95.31M	$48.45M	—	1.0 bp
SOXLSOXLUSDT	Bitget	TradFi Perps	RWA (unclassified)	RWA Perpetual	118.28	+6.539%	$94.59M	$61.50M	+0.051%	0.8 bp
CLCL_USDT	Gate	TradFi Perps	Commodity	Commodity Perpetual	95.69	-0.450%	$88.75M	$23.79M	-0.007%	1.0 bp
CLCLUSDT	Bybit	TradFi Perps	Commodity	Commodity Perpetual	95.57	-0.520%	$88.28M	$26.33M	-0.032%	1.0 bp
EWYEWYUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	181.29	+1.313%	$86.09M	$28.01M	—	0.6 bp
MUMU-USDT-SWAP	OKX	TradFi Perps	Equity	Equity Perpetual	992.42	+4.769%	$83.15M	$30.44M	—	0.1 bp
DRAMDRAMUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	58.43	+3.563%	$82.29M	$43.32M	—	1.7 bp
MRVLMRVLUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	244.93	+3.302%	$81.59M	$27.10M	—	0.4 bp
CRCLCRCL-USDT-SWAP	OKX	TradFi Perps	Equity	Equity Perpetual	88.14	+5.658%	$76.31M	$24.24M	—	1.1 bp
XAGXAGUSDT	Bitget	TradFi Perps	Commodity	Commodity Perpetual	67.15	+4.530%	$73.84M	$21.55M	+0.000%	1.5 bp
SPCXSPCXUSDT	Bitget	TradFi Perps	Equity	Equity Perpetual	156.04	+1.542%	$72.42M	$32.32M	+0.000%	0.6 bp
SKHYNISKHYNIX_USDT	Gate	TradFi Perps	Equity	Equity Perpetual	1,334.92	+4.330%	$67.51M	$129.03M	+0.000%	0.1 bp
XAGXAG-USDT-SWAP	OKX	TradFi Perps	Commodity	Commodity Perpetual	67.15	+4.530%	$65.89M	$29.04M	—	1.5 bp
SPX500SPX500_USDT	MEXC	TradFi Perps	Equity Index	Equity Index Perpetual	7,652.2	+0.240%	$64.58M	$75.19M	-0.008%	0.1 bp
SKHYSKHY-USDT-SWAP	OKX	TradFi Perps	Equity	Equity Perpetual	186.45	+3.727%	$64.31M	$50.37M	—	0.5 bp
SPCXSPCXUSDT	Bybit	TradFi Perps	Equity	Stock Perpetual	155.98	+1.497%	$59.54M	$37.65M	-0.006%	0.6 bp
MUUMUUUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	32.22	+9.480%	$58.80M	$4.84M	—	3.1 bp
BMNRBMNRUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	24.88	+6.461%	$57.30M	$20.28M	—	4.0 bp
SNXXSNXX-USDT-SWAP	OKX	TradFi Perps	Equity	Equity Perpetual	15.27	+11.297%	$56.15M	$6.29M	—	6.6 bp
LITELITEUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	915.56	-2.842%	$55.93M	$14.03M	—	1.9 bp
KORUKORUUSDT	Bitget	TradFi Perps	Equity	Equity Perpetual	19.973	+3.616%	$53.82M	$46.58M	+0.022%	0.5 bp
AAPLAAPLUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	337.38	+0.867%	$52.11M	$24.76M	—	2.7 bp
METAMETAUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	685.85	+0.668%	$51.82M	$24.12M	—	0.4 bp
COINCOINUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	178.57	+6.090%	$51.16M	$15.65M	—	0.6 bp
BNCBNCUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	6.001	+20.261%	$50.47M	$14.34M	—	13 bp
SPCXSPCXSTOCK_USDT	MEXC	TradFi Perps	Equity	Equity Perpetual	156.17	+1.180%	$50.35M	$60.69M	-0.013%	0.6 bp
USOILUSOIL_USDT	MEXC	TradFi Perps	Commodity	Commodity Perpetual	95.79	-0.490%	$48.22M	$54.16M	-0.003%	2.1 bp
DELLDELLUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	594.43	+3.568%	$46.47M	$31.48M	—	0.8 bp
CRWVCRWVUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	80.85	-9.856%	$44.37M	$8.90M	—	3.7 bp
AVGOAVGOUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	351.38	+1.743%	$43.04M	$34.91M	—	0.3 bp
KORUKORU-USDT-SWAP	OKX	TradFi Perps	Equity	Equity Perpetual	19.98	+3.631%	$42.10M	$6.81M	—	5.0 bp
MINIMAXMINIMAXUSDT	Binance	TradFi Perps	Equity	Hong Kong Equity Perpetual	38.11	+15.520%	$42.10M	$6.60M	—	2.6 bp
SNXXSNXXUSDT	Bitget	TradFi Perps	Equity	Equity Perpetual	15.275	+11.350%	$39.65M	$5.59M	+0.037%	2.0 bp
ZHIPUZHIPUUSDT	Binance	TradFi Perps	Equity	Hong Kong Equity Perpetual	96.49	+1.323%	$39.65M	$18.48M	—	4.1 bp
AAOIAAOIUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	100.89	-0.669%	$39.33M	$15.74M	—	1.0 bp
MSTRMSTR-USDT-SWAP	OKX	TradFi Perps	Equity	Equity Perpetual	137.66	+6.813%	$39.27M	$16.95M	—	0.7 bp

Coverage & methodology

Four-layer product taxonomy, public-data coverage, source limitations and unavailable metrics.

5/17metrics live · click to expand

VenueInstrumentsVolumeOIFundingSpreadClassified

MEXC431100%100%100%100%99%

Bitget324100%100%100%100%79%

Gate265100%100%100%100%100%

OKX24799%100%0%100%100%

Binance198100%100%0%100%100%

Bybit195100%100%100%100%100%

Coinbase INTX32100%100%0%100%100%

Kraken14100%0%100%100%100%

External validation snapshot

Audit-only references. External values never feed DuoData live totals.

Venue	Metric	DuoData direct	External	Δ	Validator	Status
Binance	TradFi 24H Volume	$14.22B	$14.10B	+0.8%	DefiLlama	PASS
Binance	TradFi OI	$4.25B	$4.16B	+2.2%	DefiLlama	PASS
Binance	TradFi Market Count	198	157	+26.1%	DefiLlama	REVIEW
Binance	All Derivatives 24H Volume	$62.98B	$56.16B	+12.2%	CoinMarketCap	REFERENCE
Binance	All Derivatives OI	—	$32.58B	—	CoinMarketCap	REFERENCE
OKX	TradFi 24H Volume	$2.55B	$2.46B	+3.6%	DefiLlama	PASS
OKX	TradFi OI	$887.90M	$838.04M	+6.0%	DefiLlama	WARN
OKX	TradFi Market Count	247	156	+58.3%	DefiLlama	REVIEW
OKX	All Derivatives 24H Volume	—	$21.68B	—	CoinMarketCap	REFERENCE
OKX	All Derivatives OI	—	$7.21B	—	CoinMarketCap	REFERENCE
MEXC	TradFi 24H Volume	$1.95B	$3.79B	-48.6%	DefiLlama	STALE
MEXC	TradFi OI	$2.41B	$2.02B	+19.4%	DefiLlama	STALE
MEXC	TradFi Market Count	431	371	+16.2%	DefiLlama	STALE
MEXC	All Derivatives 24H Volume	$11.32B	$10.25B	+10.5%	CoinMarketCap	REFERENCE
MEXC	All Derivatives OI	—	$5.02B	—	CoinMarketCap	REFERENCE
Gate	TradFi 24H Volume	$1.40B	$1.86B	-24.5%	DefiLlama	STALE
Gate	TradFi OI	$1.40B	$1.44B	-2.8%	DefiLlama	STALE
Gate	TradFi Market Count	265	359	-26.2%	DefiLlama	STALE
Gate	All Derivatives 24H Volume	$14.58B	$12.07B	+20.8%	CoinMarketCap	REFERENCE
Gate	All Derivatives OI	—	$11.22B	—	CoinMarketCap	REFERENCE
Bybit	TradFi 24H Volume	$814.67M	$709.48M	+14.8%	DefiLlama	WARN
Bybit	TradFi OI	$483.06M	$479.87M	+0.7%	DefiLlama	PASS
Bybit	TradFi Market Count	195	149	+30.9%	DefiLlama	REVIEW
Bybit	All Derivatives 24H Volume	$14.96B	$12.45B	+20.2%	CoinMarketCap	REFERENCE
Bybit	All Derivatives OI	—	$6.08B	—	CoinMarketCap	REFERENCE
Bitget	All Derivatives 24H Volume	$7.93B	$6.93B	+14.3%	CoinMarketCap	REFERENCE
Bitget	All Derivatives OI	—	$4.13B	—	CoinMarketCap	REFERENCE

MetricStatusSource / limitation

Product layer: TradFi PerpsLIVE

Perpetual/futures products are aggregated only within this layer. Equity, ETF, index, commodity, FX, bond and pre-IPO are second-level asset classes. MEXC uses typeLabel=2 / TradFi conceptPlate detection and official ticker amount24; 431 MEXC contracts loaded on this refresh. Kraken xStock perps are dynamically discovered by joining official tokenized_asset assets with Futures tickers; 14 live contracts matched on this refresh. Gate uses exact public quote turnover and a conservative cross-venue canonical-underlying match; 265 Gate contracts matched on this refresh.Binance + Bybit + Bitget + MEXC + Gate + OKX + Coinbase INTX + Kraken public market APIs

Product layer: Tokenized SpotPARTIAL

Tokenized spot remains separate from perpetuals. Live adapters on this refresh: Bybit plus Bitget 1653 markets, Kraken 2 markets, Binance 77 marketsBybit xStocks + Bitget rToken + Kraken xStocks public market APIs + Binance bStocks

Product layer: Real EquityPRIVATE

Underlying stock quotes are public on some platforms, but venue customer stock turnover is not treated as public unless explicitly reported by the broker/exchange.Exchange/broker customer trading data

Product layer: CFD / BrokerUNAVAILABLE

Public, venue-specific customer turnover has not yet been validated. DuoData does not mix CFD/MT5 activity into perpetual volumes.Bybit TradFi CFD / MT5 and similar broker products

24h TradFi / RWA trading volumeLIVE

Direct venue quote/notional turnover is used where published. OKX is reconstructed from official 5-minute candle volCcyQuote over the rolling 24h window; 245 contracts loaded, 2 unavailable on this refresh. No base-volume × current-price estimate is used.Binance + Bybit + Bitget + MEXC + Gate + OKX + Coinbase INTX + Kraken public market APIs

Open interest (USD)LIVE

Direct USD OI where published; Bitget and Coinbase quantities are converted using venue mark price and multiplier. Binance/Kraken OI is left blank until a normalized USD field is implemented.Bybit + Bitget + OKX + Coinbase INTX public APIs

Funding ratePARTIAL

Current rates are shown only where units/intervals are already compatible. Binance, Kraken, OKX and Coinbase funding will be normalized before inclusion.Bybit + Bitget public APIs

Best bid / ask & top-of-book spreadLIVE

Current L1 quote. Deeper liquidity metrics are not inferred from L1.Binance + Kraken + Bitget + Bybit + OKX + Coinbase INTX public APIs

TradFi instrument coverageLIVE

Binance uses TRADIFI_PERPETUAL/underlyingType; Kraken uses documented contract IDs; Bybit uses symbolType; Bitget isRwa; OKX instCategory; Coinbase underlying_type.Venue-native metadata + official Kraken contract specifications

Historical DuoData volume / OI seriesCOLLECTING

No synthetic backfill. History starts only after persistent collection is enabled.DuoData collector

±10/25/50bp depth & $100k slippagePARTIAL

Technically available for several venues; aggregation will be enabled after rate-limit-safe collectors are added.Public order-book / Kraken analytics APIs

Cross-venue tracking errorPARTIAL

Exchange marks are public; a consolidated cash-equity reference feed still needs to be selected.Exchange index/mark + independent reference market

Weekend Price Discovery ScoreCOLLECTING

Requires accumulated weekend observations and a verified cash-market opening-price source.24/7 CEX prices + Monday cash open

TradFi Penetration Ratio (TradFi/Crypto)PARTIAL

TradFi leg is available on multiple venues; denominator needs a rigorously normalized exchange-wide crypto turnover series.Exchange public market data

USDT/USDC → real stock conversion flowPRIVATE

Not observable from public market APIs; DuoData will not estimate it.Exchange internal ledger

Unique TradFi traders / new accounts / geographyPRIVATE

Requires partner or internal user-level aggregate data.Exchange internal analytics

Real Stock+ customer net buy / sell flowPRIVATE

Public quotes are available on some venues, but customer flow is not public.Broker / exchange internal data