COIN perps: where to trade Coinbase perpetual futures
13 tracked venues list COIN perps.
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The cheapest place to trade COIN perps right now is Lighter (COIN): 0.98 bps all-in for a $10,000 market buy at the standard taker fee, measured 11:09 UTC on 2026-10-03.
The next two venues are trade.xyz 2.67 bps and Aster 6.44 bps. 9 of 13 COIN markets gave a measured cost.
COIN perps list on 13 tracked venues: 6 centralized exchanges, 1 Hyperliquid HIP-3 deployment, 6 other decentralized venues. Avantis (COIN/USD), Gains Network (COIN/USD) and Ostium (COIN/USD) fill at an oracle price, with no public COIN book to measure.
Maximum COIN leverage runs from 2x on Gains Network (COIN/USD) to 100x on MEXC (COINBASE_USDT).
COIN funding and open interest
Funding now runs from 0.0% a year on Aster to 9.5% on Bybit, across 10 COIN markets. A positive rate means that longs pay shorts.
10 COIN markets report open interest, $61.6 million in total. MEXC holds 26% of it ($16.2 million).
Measured COIN cost for a $10,000 buy
- Lighter0.98
- trade.xyz2.67
- Aster6.44
- Extended6.93
- Binance7.39
- Bybit10.42
- Bitget10.45
- OKX11.22
- Gate17.32
Where to trade Coinbase perpetual futures
| Venue | Market | Max leverage | Funding now | Annual rate now | 7-day mean, annual | Open interest | Book cost (bps) | Taker fee | All-in (bps) | Promo rate, eligible accounts |
|---|---|---|---|---|---|---|---|---|---|---|
| Lighter | COIN | 10x | +0.0004% / 1 h | +3.5% | — | $744K | 0.98 | 0.000% (API) | 0.98 | — |
| trade.xyz | xyz:COIN | 10x | +0.0006% / 1 h | +5.5% | +9.7% | $13.6M | 1.77 | 0.0090% (API, live) | 2.67 | — |
| Aster | COINUSDT | 20x | 0.0000% / 8 h | 0.0% | +1.9% | $357K | 5.19 | 0.013% (docs) | 6.44 | — |
| Extended | COIN_24_5-USD | 10x | 0.0000% / 1 h | 0.0% | — | $116K | 5.93 | 0.010% (docs) | 6.93 | — |
| Binance | COINUSDT | 20x | 0.0000% / 8 h | 0.0% | +5.0% | $13.7M | 3.39 | 0.040% (docs, promotion for all accounts) | 7.39 | — |
| Bybit | COINUSDT | 50x | +0.0087% / 8 h | +9.5% | +11.0% | $5.5M | 7.67 | 0.028% (docs, promotion for all accounts) | 10.42 | — |
| Bitget | COINUSDT | 20x | 0.0000% / 8 h | 0.0% | +19.6% | $7.1M | 4.45 | 0.060% (API) | 10.45 | — |
| OKX | COIN-USDT-SWAP | 20x | +0.0057% / 8 h | +6.3% | +4.1% | $3.4M | 6.22 | 0.050% (docs) | 11.22 | — |
| Gate | COIN_USDT | 50x | +0.0003% / 8 h | +0.3% | +16.8% | $849K | 9.82 | 0.075% (API) | 17.32 | — |
| MEXC | COINBASE_USDT | 100x | 0.0000% / 8 h | 0.0% | +5.0% | $16.2M | 6.06 | Not stated for all accounts | — | 0.000% = 6.06 bps (eligible accounts, source, 2026-09-25) |
| Avantis | COIN/USD | 5x | — | — | — | — | No COIN book | Oracle model | — | — |
| Gains Network | COIN/USD | 2x | — | — | — | — | No COIN book | Oracle model | — | — |
| Ostium | COIN/USD | — | — | — | — | — | No COIN book | Oracle model | — | — |
Method: a $10,000 COIN market buy fills against each public COIN book.
The COIN book cost is that fill price against the mid, in bps. The COIN all-in cost adds the standard taker fee that every new account gets.
A COIN promo rate that only eligible accounts get is shown in its own column and is never ranked.
A COIN book price does not prove that the venue accepts COIN orders at that time, so check the COIN hours table.
Annual COIN funding is the rate per hour times 8,760, with no compounding. The COIN markets come from venue APIs read on 2026-09-25.
COIN trading hours and price source by venue
| Venue | Market | Hours | Price source |
|---|---|---|---|
| Aster | COINUSDT | 24/7, 5% band off-hours | Several, with Pyth |
| Avantis | COIN/USD | 23/5 or 9:30–16:00 ET | Pyth Pro, Chainlink |
| Binance | COINUSDT | 24/7, book EWMA weekends | Unnamed data vendors |
| Bitget | COINUSDT | 24/7, book EMA off-hours | Pyth, dxFeed, Massive, Intrinio |
| Bybit | COINUSDT | 24/7 | Index with Pyth |
| Extended | COIN_24_5-USD | Per market in API | Stork, Blue Ocean ATS |
| Gains Network | COIN/USD | Mon–Fri 9:35–16:00 ET | Chainlink |
| Gate | COIN_USDT | Index holds last close | Paid feeds, crypto venues |
| Lighter | COIN | 24/7 | Pyth Pro (NVDA, TSLA) |
| MEXC | COINBASE_USDT | Varies, no trades closed | Not named in docs |
| OKX | COIN-USDT-SWAP | 24/7 book, anchored weekends | Several providers |
| Ostium | COIN/USD | Mon–Fri 9:30–16:00 ET | Own feed, Stork nodes |
| trade.xyz | xyz:COIN | 24/7, bounded off-hours | Relayer, Blue Ocean ATS |
Find your liquidation price with the liquidation price calculator for COIN. Compare all tickers on the stock perps hub. Read how trade.xyz lists COIN on Hyperliquid.
Where to Trade Coinbase (COIN) Perpetual Futures
Fees and leverage limits apply venue-wide; check COIN terms with the venue.
Coinbase (COIN) market overview
Coinbase is the largest publicly listed cryptocurrency exchange and a direct proxy for crypto market activity within regulated equity markets.
COIN stock perps are uniquely correlated with crypto market conditions, making them one of the most relevant equity derivatives for crypto-native traders who want to express views on exchange trading volumes and regulatory developments in the US.
Frequently Asked Questions — Coinbase (COIN)
What open interest data is available for COIN?
2 venues report positive COIN open interest in this read.
The COIN total leaves out venues outside the read.
How does a Coinbase perpetual futures contract differ from the underlying asset?
A Coinbase perpetual tracks the Coinbase price, with no expiry date and no ownership of Coinbase.
Check each venue for Coinbase trading hours and the price source.
Category: Stock