What this exchange is
Toobit has run since 2022, is registered in the Seychelles, and its own token is TBT. It is the youngest venue in our coverage, and its turnover trails the large exchanges by a wide margin.
The weight here is in derivatives: over seven hundred USDT perpetuals against roughly a thousand coins in its directory. The spot book is thinner, and its price diverges from the market more often than at large venues.
Fees
Spot rates are stated in tenths of a percent and fall with volume and with TBT holdings. The exchange keeps exact rates in its help section rather than in a machine-readable directory, so check them in your own account: discount schemes carry conditions that change.
For routes that means the usual threshold: two trades eat about 0.2%, and anything below that does not pay.
Funding: an exact accrual time
Toobit has a genuinely useful trait: alongside the funding rate it publishes the time of the next accrual for each contract. Most venues do not, leaving you to guess from the eight-hour grid.
For delta-neutral setups this matters. The rate only counts at the moment it accrues: enter a minute before and you collect it, a minute after and you are paying to hold for nothing. Our funding section shows Toobit’s accrual times right in the table.
Withdrawals and networks
Fees and the network list are published openly. The USDT spread here is the widest of any venue we cover: several hundredfold between the dearest network and the cheapest.
At the time of checking the dearest was Ethereum and the cheapest were the BNB-based and Aptos networks. This is the case where the network matters more than the route itself: an Ethereum withdrawal can cost more than a third-of-a-percent spread on a hundred dollars returns. Exact figures are in the table at the top of this page, and they change.
P2P
Toobit does have P2P, at a path like /en-US/p2p. Ads per currency are few and the market is thin, as at any young venue.
In practice that means the same as at other small exchanges: treat it not as a place to trade but as a source of divergence against the large P2P markets.
What is missing
A public listings feed: the exchange issues announcements but offers no machine-readable list, so Toobit does not appear in our listings section.
