Tether (USDT) trades on 25 spot and 1 perpetual markets tracked by CoinCryptoRank. The global price is $1.00, with 24h volume of $1.06B. Jupiter leads spot volume with 30.5% of the market. The spread between the cheapest and most expensive venue is 7.76% — arbitrage opportunities exist between exchanges. Liquidity is moderately concentrated (HHI 0.170).
monitoringCurrent Price
$1.00
24h: $1.00 — $1.00
bar_chartTotal Volume (24h)
$1.06B
Spot $798.88M · Perp $259.71M
layersMarket Count
103
81 spot · 22 perpetual
splitscreenPrice Spread
7.76%
25 exchanges · Moderately Concentrated
Price Distribution Across Exchanges
Spot prices ranked cheapest → most expensive — 25 exchanges
Top Spot Volume by Exchange
24h volume · 10 of 25 exchanges
Spot vs Perpetual Volume Split
$798.88MSPOT75%
$259.71MPERP25%
Market Concentration
Top 5 exchanges share of total spot volume
Jupiter30.5%
Kraken23.8%
Binance10.4%
Bithumb5.6%
Coinbase4.8%
HHI: 0.170Moderately Concentrated
Perpetual Funding Rate Distribution
Average: -0.0006% · 114 markets
| Exchange | Pair | Rate | APR | Volume |
|---|---|---|---|---|
| Jupiter | USDT/USD | +0.0000% | +0.0% | $243.94M |
| Kraken | USDT/ZUSD | +0.0000% | +0.0% | $190.13M |
| Binance | USDT/BRL | +0.0000% | +0.0% | $83.08M |
| Bithumb | USDT/KRW | +0.0000% | +0.0% | $44.41M |
| Coinbase | USDT/USD | +0.0000% | +0.0% | $38.11M |
| Upbit | USDT/KRW | +0.0000% | +0.0% | $30.26M |
| Korbit | USDT/KRW | +0.0000% | +0.0% | $29.26M |
| Coinone | USDT/KRW | +0.0000% | +0.0% | $21.39M |
| Binance | USDT/USD | +0.0000% | +0.0% | $20.88M |
| Binance | USDT/TRY | +0.0000% | +0.0% | $19.03M |
| Kucoin | USDT/USDC | +0.0000% | +0.0% | $9.8M |
| OKX | USDT/BRL | +0.0000% | +0.0% | $9.32M |
| Indodax | USDT/IDR | +0.0000% | +0.0% | $6.33M |
| Bitso | USDT/ARS | +0.0000% | +0.0% | $4.82M |
| Btcturk | USDT/TRY | +0.0000% | +0.0% | $4.82M |
All Spot Exchanges — Price & Volume
| # | Exchange | Price | vs Global | Volume (24h) | Share | Change |
|---|---|---|---|---|---|---|
| 1 | JupiterSPOT | $1.00 | -0.027% | $243.94M | 30.5% | — |
| 2 | KrakenSPOT | $1.00 | -0.178% | $190.13M | 23.8% | — |
| 3 | BinanceSPOT | $0.99 | -0.711% | $83.08M | 10.4% | — |
| 4 | BithumbSPOT | $1.01 | +0.806% | $44.41M | 5.6% | — |
| 5 | CoinbaseSPOT | $1.00 | +0.000% | $38.11M | 4.8% | — |
| 6 | UpbitSPOT | $1.01 | +0.806% | $30.26M | 3.8% | — |
| 7 | KorbitSPOT | $1.01 | +0.731% | $29.26M | 3.7% | — |
| 8 | CoinoneSPOT | $1.01 | +0.731% | $21.39M | 2.7% | — |
| 9 | KucoinSPOT | $1.00 | -0.014% | $9.8M | 1.2% | — |
| 10 | OKXSPOT | $0.99 | -0.678% | $9.32M | 1.2% | — |
| 11 | IndodaxSPOT | $1.02 | +1.983% | $6.33M | 0.8% | — |
| 12 | BitsoSPOT | $1.07 | +7.303% | $4.82M | 0.6% | — |
| 13 | BtcturkSPOT | $1.02 | +2.043% | $4.82M | 0.6% | — |
| 14 | BiconomySPOT | $1.00 | -0.024% | $2.61M | 0.3% | — |
| 15 | BybitSPOT | $1.00 | -0.005% | $2.15M | 0.3% | — |
| 16 | WhitebitSPOT | $1.02 | +2.095% | $1.48M | 0.2% | — |
| 17 | GeminiSPOT | $1.00 | +0.140% | $1.33M | 0.2% | — |
| 18 | BinanceusSPOT | $1.00 | +0.021% | $1.19M | 0.1% | — |
| 19 | BitgetSPOT | $1.00 | +0.096% | $847.24K | 0.1% | — |
| 20 | PoloniexSPOT | $1.00 | +0.125% | $731.54K | 0.1% | — |
| 21 | BtseSPOT | $1.00 | -0.013% | $731.28K | 0.1% | — |
| 22 | CryptocomSPOT | $1.00 | +0.015% | $701.64K | 0.1% | — |
| 23 | LunoSPOT | $1.03 | +2.861% | $466.38K | 0.1% | — |
| 24 | CoindcxSPOT | $1.05 | +5.099% | $409.71K | 0.1% | — |
| 25 | XtSPOT | $1.01 | +1.170% | $10 | 0.0% | — |
Tether Funding RatesLive perpetual funding history for USDT.Tether ArbitrageSpot and perp arbitrage opportunities for USDT.Tether Historical DataPrice history, volume trends, and ATH analysis.USDT to USD ConverterConvert USDT to USD and 30+ fiats live.
Tether Analytics FAQ
What does the price distribution chart show?expand_more
The price distribution chart ranks every exchange that lists USDT spot markets from the cheapest to the most expensive venue. It reveals where buyers get the best price and where sellers pay a premium.
What is HHI concentration?expand_more
The Herfindahl-Hirschman Index measures how concentrated USDT trading volume is. A high HHI means one or two exchanges dominate volume; a low HHI means liquidity is well distributed across many venues.
What does the spot vs perpetual volume split tell me?expand_more
It shows whether traders prefer to trade USDT outright (spot) or with leverage (perpetual futures). A strong perp share signals active speculation, while a dominant spot share indicates more organic buying and selling.
Why is the price spread between exchanges important?expand_more
The spread is the percentage difference between the cheapest and most expensive USDT price across venues. Narrow spreads mean efficient pricing; wide spreads create cross-exchange arbitrage opportunities.
Where does this analytics data come from?expand_more
All analytics on this page are computed from CoinCryptoRank's own first-party aggregation of order books, trades and tickers from 60+ exchanges. We do not rely on third-party market data vendors.
Tether Price & ChartsLive price, chart and market dataTether MarketsAll trading pairs and exchanges comparedTether AnalyticsPrice distribution, volume and concentrationTether Historical DataDaily price history and volumeTether ArbitrageCross-exchange spread matrixTether Trading SignalsBUY/SELL signals with confidence scoresTether Funding RatesFunding rates and APR comparedTether NewsLatest news and analysis