According to the latest data from DeFiLlama, net fund inflows into centralized exchanges (CEXs) reveal a clear structure across different time periods. The rankings not only reflect short-term capital migration hot spots but also reveal long-term capital accumulation patterns.
24-Hour Net Inflows: Bybit Leads, Bitfinex and Bitget Follow
Within the 24-hour window, Bybit tops the list with $25.48 million in net inflows. Bitfinex ranks second with $19.63 million, and Bitget comes in third at $17.12 million. This data indicates that short-term capital prefers platforms known for derivatives trading (Bybit), stable liquidity (Bitfinex), and comprehensive services (Bitget). Short-term flows are often tied to arbitrage opportunities, event-driven activity, or recent protocol updates.
7-Day Net Inflows: Bitget Dominates, OKX and Bitfinex Trail
Expanding the view to seven days, the ranking changes significantly. Bitget leads with a massive $743 million in net inflows, more than twice that of second-place OKX ($312 million). Bitfinex ranks third with $81.46 million. Bitget's surge may be attributed to recent high-yield savings products, Launchpad events, or market maker incentive programs. OKX, as an established exchange, continues to attract consistent capital. This medium-term metric better captures market consensus and the effectiveness of exchange competitive strategies.
30-Day Net Inflows: Bitfinex Tops, Bitget and Gate Follow
The 30-day window reveals longer-term capital retention. Bitfinex ranks first with $472 million in net inflows, Bitget second at $397 million, and Gate third at $253 million. Bitfinex's dominance in the long-term timeframe aligns with its institutional-grade platform offering lending and derivatives services. Bitget and Gate attract users across different verticals (futures, spot, wealth management). Notably, Bitget appears in the top three across all three timeframes, demonstrating strong cross-period capital appeal.
These figures only reflect net inflows; actual liquidity depth and trading volume changes require analysis of market maker behavior and on-chain data. Investors should note that large short-term inflows may be driven by single events (e.g., a major client deposit, protocol airdrop) and should combine multiple dimensions when assessing an exchange's true competitiveness.