---
title: "OKX coverage"
id: market/okx
section: market
canonical: https://umbrafeed.com/en/markets/okx
publisher: Umbra
updated: 2026-08-31
---

# OKX coverage

Tier-1 derivatives venue with one of the deepest perp books

OKX consistently ranks alongside Binance and Bybit in the top tier of global crypto derivatives volume. Its perpetual futures order book on majors is among the deepest available anywhere, and its options market is the most liquid outside of Deribit. For spread traders, OKX is a primary reference price — when OKX disagrees with Binance on a major pair, the gap is short-lived and informative.


- Type: centralized exchange
- Markets monitored: spot, futures
- Pairs covered: 350+
- Spread types: spot/futures, futures/futures, spot/spot

### Why it matters for spread detection

OKX-Binance basis spreads on majors are typically tight but can widen during volatility-driven liquidations. Mid-cap altcoins on OKX can trade at premiums or discounts relative to Bybit and Binance for several minutes — the kind of dislocation Umbra's event layer surfaces.

### What makes it different

OKX's deep options book ties its perpetual funding rates to a different volatility regime than venues without comparable options liquidity, producing funding divergences against Bybit and Bitget that don't appear elsewhere.

### Features

- Top-3 global derivatives volume
- USDT, USDC and coin-margined perpetuals
- Most liquid crypto options book outside Deribit
- Unified trading account with cross-margin

---

Source: https://umbrafeed.com/en/markets/okx (Umbra, reviewed 2026-08-31). Umbra publishes
read-only market monitoring and data; it holds no funds, connects to no
exchange accounts and places no orders, and nothing here is investment
advice.