◈   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 — 89% honest on $33.6M real volume. Trust the prints.
#1
Binance
Binance
spot + futures · 3 pairs
89% honest
$33.6Mreal / $37.9M claimed
Trade on Binance →
#2
OKX
OKX
spot + futures · 4 pairs
93% honest
$9.8Mreal / $10.5M claimed
Trade on OKX →
#3
Bybit
Bybit
spot + futures · 4 pairs
82% honest
$4.0Mreal / $4.9M claimed
Trade on Bybit →
#4
Bitget
Bitget
futures · 1 pairs
78% honest
$2.0Mreal / $2.6M claimed
Trade on Bitget →
#5
Coinbase
Coinbase
spot · 1 pairs
68% honest
$483kreal / $712k 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 →