◈   real vs reported volume · 30-day median

Where to trade HFT

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

Soli's reading
Bitget runs the cleanest HFT tape — 89% honest on $4.9M real volume. Trust the prints.
#1
Bitget
Bitget
futures · 1 pairs
89% honest
$4.9Mreal / $5.6M claimed
Trade on Bitget →
#2
Bybit
Bybit
spot + futures · 3 pairs
83% honest
$2.5Mreal / $3.0M claimed
Trade on Bybit →
#3
Binance
Binance
spot + futures · 2 pairs
82% honest
$2.0Mreal / $2.4M claimed
Trade on Binance →
#4
Coinbase
Coinbase
spot · 1 pairs
87% honest
$905kreal / $1.0M claimed
Trade on Coinbase →
◈ how we score it

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