◈   real vs reported volume · 30-day median

Where to trade OL

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

Soli's reading
OKX runs the cleanest OL tape — 79% honest on $566k real volume. Trust the prints.
#1
OKX
OKX
spot + futures · 4 pairs
79% honest
$566kreal / $720k claimed
Trade on OKX →
#2
Bybit
Bybit
spot + futures · 2 pairs
86% honest
$81kreal / $95k claimed
Trade on Bybit →
◈ how we score it

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