◈   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 — 86% honest on $3.6M real volume. Trust the prints.
#1
Binance
Binance
spot + futures · 2 pairs
86% honest
$3.6Mreal / $4.2M claimed
Trade on Binance →
#2
OKX
OKX
spot + futures · 4 pairs
86% honest
$1.4Mreal / $1.6M claimed
Trade on OKX →
#3
Bybit
Bybit
spot + futures · 3 pairs
83% honest
$1.3Mreal / $1.6M claimed
Trade on Bybit →
#4
Bitget
Bitget
futures · 1 pairs
81% honest
$630kreal / $782k 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 →