Tether (USDT) trades on 25 spot and 1 perpetual markets tracked by CoinCryptoRank. The global price is $1.00, with 24h volume of $819.26M. Jupiter leads spot volume with 35.7% of the market. The spread between the cheapest and most expensive venue is 7.67% — arbitrage opportunities exist between exchanges. Liquidity is moderately concentrated (HHI 0.185).
monitoringCurrent Price
$1.00
24h: $1.00 — $1.00
bar_chartTotal Volume (24h)
$819.26M
Spot $624.23M · Perp $195.03M
layersMarket Count
103
81 spot · 22 perpetual
splitscreenPrice Spread
7.67%
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
$624.23MSPOT76%
$195.03MPERP24%
Market Concentration
Top 5 exchanges share of total spot volume
Jupiter35.7%
Kraken20.0%
Binance9.4%
Bithumb5.3%
Coinbase4.2%
HHI: 0.185Moderately Concentrated
Perpetual Funding Rate Distribution
Average: -0.0004% · 114 markets
| Exchange | Pair | Rate | APR | Volume |
|---|---|---|---|---|
| Jupiter | USDT/USD | +0.0000% | +0.0% | $223.04M |
| Kraken | USDT/ZUSD | +0.0000% | +0.0% | $124.69M |
| Binance | USDT/BRL | +0.0000% | +0.0% | $58.57M |
| Bithumb | USDT/KRW | +0.0000% | +0.0% | $33.01M |
| Coinbase | USDT/USD | +0.0000% | +0.0% | $26.44M |
| Upbit | USDT/KRW | +0.0000% | +0.0% | $25.55M |
| Korbit | USDT/KRW | +0.0000% | +0.0% | $21.03M |
| Coinone | USDT/KRW | +0.0000% | +0.0% | $17.92M |
| Binance | USDT/TRY | +0.0000% | +0.0% | $17.44M |
| Binance | USDT/USD | +0.0000% | +0.0% | $16.16M |
| Kucoin | USDT/USDC | +0.0000% | +0.0% | $7.85M |
| OKX | USDT/BRL | +0.0000% | +0.0% | $5.18M |
| Btcturk | USDT/TRY | +0.0000% | +0.0% | $4.44M |
| OKX | USDT/TRY | +0.0000% | +0.0% | $4.41M |
| Indodax | USDT/IDR | +0.0000% | +0.0% | $4.31M |
All Spot Exchanges — Price & Volume
| # | Exchange | Price | vs Global | Volume (24h) | Share | Change |
|---|---|---|---|---|---|---|
| 1 | JupiterSPOT | $1.00 | -0.021% | $223.04M | 35.7% | — |
| 2 | KrakenSPOT | $1.00 | -0.178% | $124.69M | 20.0% | — |
| 3 | BinanceSPOT | $0.99 | -0.726% | $58.57M | 9.4% | — |
| 4 | BithumbSPOT | $1.01 | +0.712% | $33.01M | 5.3% | — |
| 5 | CoinbaseSPOT | $1.00 | +0.002% | $26.44M | 4.2% | — |
| 6 | UpbitSPOT | $1.01 | +0.712% | $25.55M | 4.1% | — |
| 7 | KorbitSPOT | $1.01 | +0.712% | $21.03M | 3.4% | — |
| 8 | CoinoneSPOT | $1.01 | +0.786% | $17.92M | 2.9% | — |
| 9 | KucoinSPOT | $1.00 | -0.037% | $7.85M | 1.3% | — |
| 10 | OKXSPOT | $0.99 | -0.691% | $5.18M | 0.8% | — |
| 11 | BtcturkSPOT | $1.02 | +2.055% | $4.44M | 0.7% | — |
| 12 | IndodaxSPOT | $1.02 | +1.924% | $4.31M | 0.7% | — |
| 13 | BitsoSPOT | $1.07 | +7.197% | $2.63M | 0.4% | — |
| 14 | BiconomySPOT | $1.00 | -0.047% | $2.22M | 0.4% | — |
| 15 | WhitebitSPOT | $1.02 | +2.096% | $1.75M | 0.3% | — |
| 16 | BybitSPOT | $1.00 | +0.007% | $1.7M | 0.3% | — |
| 17 | BinanceusSPOT | $1.00 | +0.019% | $1.2M | 0.2% | — |
| 18 | GeminiSPOT | $1.00 | +0.120% | $1.01M | 0.2% | — |
| 19 | BitgetSPOT | $1.00 | +0.086% | $742.67K | 0.1% | — |
| 20 | CryptocomSPOT | $1.00 | +0.014% | $604.55K | 0.1% | — |
| 21 | PoloniexSPOT | $1.00 | +0.150% | $439.66K | 0.1% | — |
| 22 | CoindcxSPOT | $1.05 | +5.111% | $402.66K | 0.1% | — |
| 23 | BtseSPOT | $1.00 | +0.008% | $359.2K | 0.1% | — |
| 24 | LunoSPOT | $1.03 | +2.785% | $279.47K | 0.0% | — |
| 25 | XtSPOT | $1.01 | +1.151% | $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
价格分布图显示什么？expand_more
价格分布图将上架 USDT 现货市场的每个交易所从最便宜到最贵排序，揭示买家在哪里获得最优价格、卖家在哪里支付溢价。
什么是 HHI 集中度？expand_more
赫芬达尔-赫希曼指数衡量 USDT 交易量的集中程度。HHI 高意味着一个或两个交易所主导交易量；HHI 低意味着流动性在多个平台间分布均匀。
现货与永续交易量占比说明什么？expand_more
它显示交易者更倾向于直接交易 USDT（现货）还是杠杆交易（永续合约）。永续占比高说明投机活跃；现货占主导说明买卖更为有机。
为什么交易所之间的价差很重要？expand_more
价差是各平台最便宜与最贵 USDT 价格之间的百分比差异。窄价差意味着定价高效；宽价差则创造跨交易所套利机会。
这些分析数据来自哪里？expand_more
本页所有分析均由 CoinCryptoRank 从 60+ 个交易所的订单簿、成交和行情数据自行聚合计算，不依赖第三方市场数据供应商。