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 UPDATED04 Nov, 04:57:50 SGTAuto-refresh on request

Partial coverageCoinbase INTX: 502 Bad Gateway · OKX 24H volume: 184 contracts reconstructed, 143 unavailable

TradFi Perps 24H Volume$30.09BPerpetual/futures layer only

TradFi Perps Open Interest$12.86BPerpetual/futures layer only

TradFi Perp Instruments2,098Explicitly mapped contracts

TradFi Perp Venues7 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 (except NY and ME) and supported EEA markets	Official public sourceKraken Stocks official pages; U.S. and listed EEA eligibility updated from Aug 18, 2026 support notice. Transfer fees and lending depend on product and geography.
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$30.1B24H volume

Equity64.6%

Commodity32.3%

ETF2.1%

RWA (unclassified)0.5%

Pre-IPO / Private0.2%

Equity Index0.2%

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

5234 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
SOXLSOXLUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	73.41	+7.309%	$3.73B	$220.62M	—	1.4 bp
XAUXAUUSDT	Binance	TradFi Perps	Commodity	Commodity Perpetual	3,929.31	-0.641%	$2.08B	$625.95M	—	0.0 bp
SNDKSNDKUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	1,126.82	+4.859%	$1.88B	$280.80M	—	0.1 bp
CLCLUSDT	Binance	TradFi Perps	Commodity	Commodity Perpetual	96.68	+0.866%	$1.73B	$197.28M	—	1.0 bp
BZBZUSDT	Binance	TradFi Perps	Commodity	Commodity Perpetual	104.38	+0.433%	$1.08B	$177.54M	—	1.0 bp
SKHYNIXSKHYNIXUSDT	Binance	TradFi Perps	Equity	Korea Equity Perpetual	1,064.51	+2.996%	$1.02B	$303.09M	—	0.1 bp
XAGXAGUSDT	Binance	TradFi Perps	Commodity	Commodity Perpetual	49.76	-1.680%	$860.74M	$290.26M	—	2.0 bp
KORUKORUUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	10.99	+5.775%	$647.17M	$92.21M	—	9.1 bp
MUMUUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	856.33	+2.273%	$581.14M	$145.63M	—	0.1 bp
SPCXSPCXUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	141.58	+3.965%	$544.94M	$561.79M	—	0.7 bp
XAUXAU_USDT	MEXC	TradFi Perps	Commodity	Commodity Perpetual	3,929.87	-0.380%	$531.56M	$559.40M	+0.015%	0.0 bp
XAUXAU_USDT	Gate	TradFi Perps	Commodity	Commodity Perpetual	3,930.57	-0.510%	$525.76M	$305.20M	+0.011%	0.0 bp
SOXSSOXSUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	53.7	-7.509%	$522.09M	$36.16M	—	1.9 bp
SKHYSKHYUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	150.98	+2.200%	$481.30M	$135.46M	—	0.7 bp
SOXLSOXLUSDT	Bitget	TradFi Perps	Equity	Equity Perpetual	73.4	+7.909%	$448.53M	$68.43M	+0.011%	1.4 bp
SNDKSNDKSTOCK_USDT	MEXC	TradFi Perps	Equity	Equity Perpetual	1,118.6	-1.520%	$401.27M	$67.80M	+0.011%	0.1 bp
SOXLSOXL_USDT	Gate	TradFi Perps	Equity	Equity Perpetual	73.26	+3.770%	$397.79M	$256.13M	+0.000%	1.4 bp
SOXLSOXL_USDT	MEXC	TradFi Perps	ETF	ETF Perpetual	73.27	-3.470%	$378.43M	$19.37M	+0.000%	1.4 bp
SILVERSILVER_USDT	MEXC	TradFi Perps	Commodity	Commodity Perpetual	49.68	-0.600%	$357.69M	$221.48M	+0.008%	2.0 bp
AAPLAAPLUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	332.54	-1.856%	$338.94M	$36.75M	—	0.3 bp
XAUXAU-USDT-SWAP	OKX	TradFi Perps	Commodity	Commodity Perpetual	3,929.3	-0.605%	$322.20M	$223.32M	—	0.3 bp
INTCINTCUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	60.56	+0.883%	$306.57M	$145.35M	—	1.7 bp
SNXXSNXXUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	6.43	+9.540%	$284.89M	$27.26M	—	16 bp
XAGXAG_USDT	Gate	TradFi Perps	Commodity	Commodity Perpetual	49.68	-2.050%	$270.76M	$147.43M	+0.003%	2.0 bp
CLCL-USDT-SWAP	OKX	TradFi Perps	Commodity	Commodity Perpetual	96.68	+0.834%	$268.54M	$52.23M	—	1.0 bp
GOOGLGOOGLUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	280.54	+0.250%	$259.42M	$300.97M	—	0.4 bp
QQQQQQUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	687.01	+0.655%	$238.31M	$103.69M	—	0.1 bp
SKHYNIXSKHYNIXSTOCK_USDT	MEXC	TradFi Perps	Equity	Equity Perpetual	1,062.35	-1.120%	$236.45M	$75.02M	-0.021%	0.1 bp
NVDANVDAUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	207.42	+2.374%	$218.63M	$69.70M	—	0.5 bp
CLCLUSDT	Bybit	TradFi Perps	Commodity	Commodity Perpetual	96.67	+0.834%	$202.66M	$37.24M	+0.000%	1.0 bp
CRCLCRCLUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	75.59	+4.666%	$202.44M	$111.07M	—	1.3 bp
MSTRMSTRUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	135.96	+4.160%	$195.76M	$90.42M	—	0.7 bp
MUMUSTOCK_USDT	MEXC	TradFi Perps	Equity	Equity Perpetual	853.88	-1.050%	$182.29M	$31.00M	+0.017%	0.1 bp
XAUXAUUSDT	Bitget	TradFi Perps	Commodity	Commodity Perpetual	3,927.72	-0.646%	$156.66M	$95.61M	+0.013%	0.0 bp
XAUXAUUSDT	Bybit	TradFi Perps	Commodity	Commodity Perpetual	3,929.04	-0.613%	$148.11M	$131.06M	+0.010%	0.0 bp
PLTRPLTRUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	175.95	-1.759%	$146.90M	$8.23M	—	1.7 bp
CLCL_USDT	Gate	TradFi Perps	Commodity	Commodity Perpetual	96.67	+0.450%	$142.59M	$140.01M	+0.000%	1.0 bp
SNDKSNDKUSDT	Bitget	TradFi Perps	Equity	Equity Perpetual	1,126.56	+4.760%	$142.57M	$37.54M	+0.034%	1.3 bp
TSLATSLAUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	399.68	-1.062%	$137.59M	$55.73M	—	0.3 bp
XAUTXAUT_USDT	MEXC	TradFi Perps	Commodity	Commodity Perpetual	3,916.21	-0.340%	$135.92M	$401.19M	+0.006%	0.1 bp
KORUKORUUSDT	Bitget	TradFi Perps	Equity	Equity Perpetual	10.993	+6.018%	$135.10M	$29.97M	+0.015%	0.9 bp
MRVLMRVLUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	172.37	+0.701%	$134.06M	$24.42M	—	1.2 bp
SAMSUNGSAMSUNGUSDT	Binance	TradFi Perps	Equity	Korea Equity Perpetual	166.45	+3.385%	$127.32M	$21.26M	—	0.6 bp
USOILUSOIL_USDT	MEXC	TradFi Perps	Commodity	Commodity Perpetual	96.75	+0.920%	$127.05M	$46.02M	+0.000%	1.0 bp
EWYEWYUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	155.08	+1.919%	$126.77M	$28.12M	—	0.6 bp
SNDKSNDK_USDT	Gate	TradFi Perps	Equity	Equity Perpetual	1,118.63	+2.320%	$126.64M	$202.31M	+0.000%	0.7 bp
LITELITEUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	681.89	-0.451%	$123.96M	$16.52M	—	0.4 bp
AMDAMDUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	485.33	+3.645%	$117.07M	$28.35M	—	0.8 bp
KORUKORU_USDT	MEXC	TradFi Perps	ETF	ETF Perpetual	10.97	-2.400%	$113.82M	$14.28M	+0.000%	9.1 bp
SPYSPYUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	755.76	+0.276%	$111.84M	$31.53M	—	0.1 bp
DRAMDRAMUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	47.73	+2.601%	$109.55M	$41.24M	—	2.1 bp
TQQQTQQQUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	60.77	+2.049%	$102.97M	$42.84M	—	1.6 bp
UKOILUKOIL_USDT	MEXC	TradFi Perps	Commodity	Commodity Perpetual	104.47	+1.180%	$96.99M	$82.98M	+0.000%	1.0 bp
CLCLUSDT	Bitget	TradFi Perps	Commodity	Commodity Perpetual	96.708	+0.851%	$92.97M	$31.17M	+0.000%	0.2 bp
NBISNBISUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	152.02	+7.754%	$89.58M	$34.14M	—	2.0 bp
MUUMUUUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	22.39	+4.480%	$88.46M	$6.70M	—	8.9 bp
BZBZ-USDT-SWAP	OKX	TradFi Perps	Commodity	Commodity Perpetual	104.36	+0.375%	$85.64M	$23.12M	—	1.0 bp
XAGXAG-USDT-SWAP	OKX	TradFi Perps	Commodity	Commodity Perpetual	49.75	-1.660%	$85.57M	$54.50M	—	2.0 bp
KORUKORU-USDT-SWAP	OKX	TradFi Perps	Equity	Equity Perpetual	11	+6.075%	$85.47M	$11.72M	—	9.1 bp
MUMUUSDT	Bitget	TradFi Perps	Equity	Equity Perpetual	855.9	+2.357%	$85.36M	$22.14M	+0.025%	0.1 bp
COINCOINUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	145.79	+5.806%	$81.67M	$21.11M	—	0.7 bp
MVLLMVLLUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	13.61	+1.265%	$81.46M	$8.75M	—	7.4 bp
AAPLAAPL-USDT-SWAP	OKX	TradFi Perps	Equity	Equity Perpetual	332.5	-1.822%	$78.08M	$9.60M	—	0.3 bp
INTWINTWUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	6.35	+1.763%	$75.71M	$23.65M	—	16 bp
SOXSSOXSUSDT	Bitget	TradFi Perps	Equity	Equity Perpetual	53.7	-8.043%	$71.92M	$9.15M	+0.000%	2.4 bp
SNXXSNXXUSDT	Bitget	TradFi Perps	Equity	Equity Perpetual	6.433	+9.368%	$67.66M	$5.47M	+0.034%	1.6 bp
INTCINTC-USDT-SWAP	OKX	TradFi Perps	Equity	Equity Perpetual	60.55	+0.950%	$67.36M	$42.47M	—	1.7 bp
XAGXAGUSDT	Bybit	TradFi Perps	Commodity	Commodity Perpetual	49.77	-1.660%	$67.02M	$55.53M	+0.010%	2.0 bp
ANTHROPICANTHROPICUSDT	Binance	TradFi Perps	Pre-IPO / Private	Pre-market Equity Perpetual	1,662.1	+1.001%	$65.88M	$81.36M	—	0.1 bp
SKHYSKHYUSDT	Bitget	TradFi Perps	Equity	Equity Perpetual	151	+2.276%	$64.52M	$14.80M	+0.004%	0.7 bp
SPCXSPCXSTOCK_USDT	MEXC	TradFi Perps	Equity	Equity Perpetual	141.49	-0.550%	$61.77M	$31.79M	+0.011%	0.7 bp
000660SKHYNIXUSDT	Bybit	TradFi Perps	Equity	Stock Perpetual	1,064.64	+3.238%	$60.50M	$31.57M	-0.020%	0.8 bp
MSTRMSTRUSDT	Bitget	TradFi Perps	Equity	Equity Perpetual	135.94	+4.296%	$59.46M	$33.96M	+0.024%	1.5 bp
INTCINTC_USDT	Gate	TradFi Perps	Equity	Equity Perpetual	60.45	-0.020%	$59.42M	$27.67M	+0.010%	1.7 bp
AAPLAAPLUSDT	Bybit	TradFi Perps	Equity	Stock Perpetual	332.56	-1.758%	$55.40M	$11.95M	+0.000%	0.3 bp
CRCLCRCL-USDT-SWAP	OKX	TradFi Perps	Equity	Equity Perpetual	75.56	+4.610%	$54.97M	$31.26M	—	1.3 bp
AAOIAAOIUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	64.02	+2.448%	$54.46M	$11.38M	—	1.6 bp
ORCLORCLUSDT	Binance	TradFi Perps	Equity	Equity Perpetual	126.28	+6.189%	$54.22M	$13.81M	—	1.6 bp
SKHYSKHYSTOCK_USDT	MEXC	TradFi Perps	Equity	Equity Perpetual	151.13	-1.290%	$53.63M	$11.95M	+0.000%	0.7 bp
SKHYNISKHYNIX_USDT	Gate	TradFi Perps	Equity	Equity Perpetual	1,061.59	+1.690%	$52.83M	$106.60M	+0.000%	0.1 bp

Coverage & methodology

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

5/17metrics live · click to expand

VenueInstrumentsVolumeOIFundingSpreadClassified

MEXC536100%100%100%100%99%

Bitget407100%100%100%100%78%

Gate338100%100%100%100%100%

OKX32756%100%0%100%100%

Bybit239100%100%100%100%100%

Binance236100%100%0%100%100%

Kraken15100%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	$20.12B	$14.10B	+42.7%	DefiLlama	STALE
Binance	TradFi OI	$5.04B	$4.16B	+21.2%	DefiLlama	STALE
Binance	TradFi Market Count	236	157	+50.3%	DefiLlama	STALE
Binance	All Derivatives 24H Volume	$55.09B	$56.16B	-1.9%	CoinMarketCap	STALE
Binance	All Derivatives OI	—	$32.58B	—	CoinMarketCap	STALE
MEXC	TradFi 24H Volume	$3.23B	$3.79B	-14.9%	DefiLlama	STALE
MEXC	TradFi OI	$2.70B	$2.02B	+33.7%	DefiLlama	STALE
MEXC	TradFi Market Count	536	371	+44.5%	DefiLlama	STALE
MEXC	All Derivatives 24H Volume	$12.24B	$10.25B	+19.4%	CoinMarketCap	STALE
MEXC	All Derivatives OI	—	$5.02B	—	CoinMarketCap	STALE
Gate	TradFi 24H Volume	$2.13B	$1.86B	+14.6%	DefiLlama	STALE
Gate	TradFi OI	$2.26B	$1.44B	+56.9%	DefiLlama	STALE
Gate	TradFi Market Count	338	359	-5.8%	DefiLlama	STALE
Gate	All Derivatives 24H Volume	$13.19B	$12.07B	+9.3%	CoinMarketCap	STALE
Gate	All Derivatives OI	—	$11.22B	—	CoinMarketCap	STALE
Bitget	All Derivatives 24H Volume	$6.89B	$6.93B	-0.6%	CoinMarketCap	STALE
Bitget	All Derivatives OI	—	$4.13B	—	CoinMarketCap	STALE
OKX	TradFi 24H Volume	$1.36B	$2.46B	-44.8%	DefiLlama	STALE
OKX	TradFi OI	$1.21B	$838.04M	+44.7%	DefiLlama	STALE
OKX	TradFi Market Count	327	156	+109.6%	DefiLlama	STALE
OKX	All Derivatives 24H Volume	—	$21.68B	—	CoinMarketCap	STALE
OKX	All Derivatives OI	—	$7.21B	—	CoinMarketCap	STALE
Bybit	TradFi 24H Volume	$1.02B	$709.48M	+43.5%	DefiLlama	STALE
Bybit	TradFi OI	$676.73M	$479.87M	+41.0%	DefiLlama	STALE
Bybit	TradFi Market Count	239	149	+60.4%	DefiLlama	STALE
Bybit	All Derivatives 24H Volume	$10.98B	$12.45B	-11.8%	CoinMarketCap	STALE
Bybit	All Derivatives OI	—	$6.08B	—	CoinMarketCap	STALE

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; 536 MEXC contracts loaded on this refresh. Kraken xStock perps are dynamically discovered by joining official tokenized_asset assets with Futures tickers; 15 live contracts matched on this refresh. Gate uses exact public quote turnover and a conservative cross-venue canonical-underlying match; 338 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 3017 markets, Kraken 3 markets, Binance 105 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; 184 contracts loaded, 143 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