◈   real vs reported volume · 30-day median

Where to trade AR

Same coin, different tapes. We rank the venues that list AR by how much of their reported volume is actually real — so you trade where the book isn't faked.

Soli's reading
Binance runs the cleanest AR tape — 84% honest on $11.9M real volume. Trust the prints.
#1
Binance
Binance
spot + futures · 2 pairs
84% honest
$11.9Mreal / $14.1M claimed
Trade on Binance →
#2
OKX
OKX
spot + futures · 3 pairs
92% honest
$5.6Mreal / $6.1M claimed
Trade on OKX →
#3
Bybit
Bybit
spot + futures · 3 pairs
75% honest
$2.3Mreal / $3.1M claimed
Trade on Bybit →
#4
Bitget
Bitget
futures · 1 pairs
84% honest
$1.1Mreal / $1.3M claimed
Trade on Bitget →
◈ how we score it

Honesty = estimated real volume ÷ reported volume for AR on each venue, from five trade-tape fingerprints (timing, Benford, self-trade pairing, price-impact, size entropy). Pick the venue with the deepest real book, not the loudest reported number. How to buy AR → · how to sell AR → · full venue ranking → · compare two venues →