Crypto Exchanges for Derivatives Trading

Top Crypto Derivative Exchanges ranked by Open Interest & Volume.

Compare exchanges by open interest, derivatives volume, and the number of futures and perpetual contracts. Find the best platforms for your derivatives trading by real metrics.

#	Name	Open Interest	Adj. Vol (24H)	Perpetual	Futures

1	Binance Futures	$ 42.90B	$ 83.94B	590	27
2	OKX Futures	$ 17.61B	$ 28.75B	256	1211
3	Bybit Futures	$ 24.75B	$ 26.84B	577	0
4	Bitget Futures	$ 28.67B	$ 22.77B	639	2
5	MEXC Futures	$ 13.00B	$ 22.56B	820	0
6	Gate Futures	$ 11.42B	$ 22.35B	601	0
7	WEEX Futures	$ 8.87B	$ 14.07B	659	0
8	ZOOMEX (Futures)	$ 2.73B	$ 9.77B	539	0
9	BingX Futures	$ 0.00	$ 9.23B	558	0
10	Bitunix Futures	$ 3.19B	$ 4.99B	469	0
11	WhiteBIT Futures	$ 20.48B	$ 4.39B	235	0
12	BYDFi Futures	$ 172.76M	$ 3.23B	485	0
13	Kucoin Futures	$ 3.53B	$ 2.85B	502	0
14	HTX Futures	$ 9.58B	$ 2.72B	261	12
15	PrimeXBT	$ 1.92B	$ 2.70B	135	0
16	Kraken Futures	$ 1.76B	$ 2.25B	299	2
17	Deepcoin Futures	$ 0.00	$ 1.76B	140	0
18	Cryptology Futures	$ 0.00	$ 1.70B	0	0
19	BTSE Futures	$ 690.17M	$ 630.06M	128	2
20	BitMEX Derivatives	$ 6.14B	$ 460.44M	77	4
21	Flipster Futures	$ 59.82M	$ 220.06M	417	0
22	Phemex Futures	$ 2.16B	$ 160.59M	1	0
23	Deribit	$ 582.95M	$ 115.69M	0	0
24	Bitfinex Futures	$ 0.00	$ 51.29M	80	0
25	Walbi	$ 947.51K	$ 2.05M	76	0

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FAQ

What are the differences in fees between derivatives and spot trading?

Spot trading usually has a simpler fee structure – a fixed percentage of the transaction amount. Derivatives may have a more complex fee structure, including fees for opening/closing positions, funding rates for perpetual contracts, and maintenance fees for holding positions.

What are derivatives on a crypto exchange?

Financial instruments whose value depends on the underlying asset (cryptocurrency). They allow traders to speculate on price changes without owning the asset itself. The main types are futures, options, swaps, and contracts for difference (CFD).

How does leverage work on CEX derivatives?

Leverage allows opening positions that exceed the amount of your own capital. For example, 10x leverage allows controlling a position 10 times larger than your deposit. This increases both potential profit and risk. The leverage size directly affects the required margin and liquidation level.

What is position liquidation on CEX derivatives?

Forced closure of a position by the exchange when the trader's margin falls below the required level. This occurs to prevent further losses and protect both the trader and the exchange. Liquidation usually happens at the market price, which may result in additional losses.

What are the advantages of trading CEX derivatives?

Trading with leverage allows for increased potential profit but also carries higher risk. It offers the ability to profit from both rising and falling markets. Hedging risks to protect the main portfolio.

What is the difference between perpetual and futures contracts on CEX?

Futures contracts have an expiration date, after which the contract is automatically closed. Perpetual futures have no expiration date and can be held indefinitely as long as sufficient margin is maintained and periodic funding fees are paid.

What risk management strategies are important when trading CEX derivatives?

Using stop-loss orders to limit potential losses. Diversifying the portfolio and positions. Properly selecting the leverage size based on experience. Calculating and adhering to the maximum risk per trade (no more than 1-2% of the deposit). Hedging positions using opposite contracts or options.