M trading volume history by exchange
On Oct 18, 2026 (UTC), M perpetual futures traded $4.16M across 7 exchanges; Binance had the largest share at 35.4%. From Sep 27, 2026 to Oct 18, 2026, volume was recorded on 21 of 22 UTC days (1 day not recorded); the average over the 21 recorded days was $3.78M a day, and the busiest day was Oct 13, 2026 at $6.81M.
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M daily perpetual futures volume by exchange
Sep 27, 2026 – Oct 18, 2026 · USD, UTC days- Binance35.4%
- Bybit12.2%
- KuCoin26.9%
- Gate11.9%
- Bitget10.1%
- Aster0.1%
- MEXC3.3%
No volume was recorded on (UTC); the chart is left blank there rather than drawn as zero.
M perp volume by exchange
Oct 18, 2026 (UTC) · share of the day's total · 7-day average Oct 12 – Oct 18| Exchange | Volume | Share | 7-day average |
|---|---|---|---|
| Binance | $1.48M | 35.4% | $1.66M |
| KuCoin | $1.12M | 26.9% | $864K |
| Bybit | $510K | 12.2% | $578K |
| Gate | $496K | 11.9% | $531K |
| Bitget | $421K | 10.1% | $415K |
| MEXC | $136K | 3.3% | $128K |
| Aster | $3,668 | 0.1% | $7,973 |
M daily perp volume history
newest first · UTC days| Day | Perp volume | Exchanges | Largest |
|---|---|---|---|
| $4.16M | 7 | Binance 35.4% | |
| $3.14M | 7 | Binance 33.8% | |
| $3.13M | 7 | Binance 34.4% | |
| $4.83M | 7 | Binance 36.5% | |
| $3.40M | 7 | Binance 38.5% | |
| $6.81M | 7 | Binance 48.7% | |
| $3.82M | 7 | Binance 42.5% | |
| $4.44M | 7 | Binance 40.2% | |
| $2.22M | 7 | Binance 33.2% | |
| $3.85M | 7 | Binance 44.2% | |
| not recorded | — | — | |
| $3.10M | 7 | Binance 35.7% | |
| $3.26M | 7 | Binance 37.5% | |
| $2.12M | 7 | Binance 40.5% | |
| $3.41M | 7 | Binance 43.3% | |
| $2.43M | 7 | KuCoin 43.9% | |
| $4.00M | 7 | Binance 32.5% | |
| $3.10M | 5 | Binance 43.1% | |
| $5.76M | 5 | Binance 49.8% | |
| $5.97M | 5 | Binance 44.1% | |
| $3.56M | 5 | Binance 49.1% | |
| $2.92M | 4 | Binance 44.0% |
Each exchange's volume for a day is the 24h volume of its M perpetual markets at the end of that UTC day, summed in US dollars; Hyperliquid includes its HIP-3 markets. Spot volume is not included. See exchange market share for all coins.
About the M volume history
How is M trading volume measured?
The server records every M perpetual market's 24h volume each hour from the public APIs of Binance, Bybit, KuCoin and 4 more. A day's volume per exchange is the last 24h reading of that UTC day, converted to US dollars and summed over the exchange's M perps. Today's unfinished day is left out.
Why can an exchange's share jump?
Exchanges were added to the tracker on different dates, and markets list and delist. A venue that starts reporting adds its volume from that day, so a jump in the total or in the shares can be a coverage change rather than a market move.