◈   real vs reported volume · 30-day median

Where to trade ARB

Same coin, different tapes. We rank the venues that list ARB 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 ARB tape — 88% honest on $26.6M real volume. Trust the prints.
#1
Binance
Binance
spot + futures · 3 pairs
88% honest
$26.6Mreal / $30.4M claimed
Trade on Binance →
#2
OKX
OKX
spot + futures · 5 pairs
91% honest
$12.0Mreal / $13.2M claimed
Trade on OKX →
#3
Bybit
Bybit
spot + futures · 4 pairs
88% honest
$11.5Mreal / $13.1M claimed
Trade on Bybit →
#4
Bitget
Bitget
futures · 1 pairs
78% honest
$1.8Mreal / $2.3M claimed
Trade on Bitget →
#5
Coinbase
Coinbase
spot · 1 pairs
85% honest
$864kreal / $1.0M claimed
Trade on Coinbase →
◈ how we score it

Honesty = estimated real volume ÷ reported volume for ARB 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 ARB → · how to sell ARB → · full venue ranking → · compare two venues →