Swolecharts
Live crypto data · 10 exchanges

Crypto Bid/Ask Ratio

The bid/ask ratio is the share of resting orders within ±1% of mid that are bids: bid USD / (bid USD + ask USD), pooled across Binance and Bybit perpetual futures. Above 50% means more buy orders are waiting below the price than sell orders above it. The table ranks the 30 perps with the most resting depth by their latest 5-minute snapshot and compares it with the last 24 hours and 7 days.

Most bid-heavy within ±1% of mid right now: LTC (58.8% of resting orders are bids, imbalance +18%); most ask-heavy: ZEC (45.7% bids, -9%). 19 of these 30 coins have more resting bids than asks within ±1% of mid. For 4 of them (the deepest books, such as BTC and ETH) the exchanges' order-book snapshots end inside ±1% of mid, so their figures cover the visible book only.

30 coins±1% of mid5-minute snapshotsSource: Binance and Bybit public APIsAs of 14:45 UTC

Top 30 perps by ±1% depth, most bid-heavy first

Binance + Bybit pooled · latest 5-minute snapshot
Coin Bid share now Imbalance Depth ±1% 24h average 7d average Z-score
1LTC 58.8% +18% $6.99M 60.2% — —
2AAVE 58.8% +18% $5.02M 55.0% — —
3BCH 57.7% +15% $5.00M 53.0% — —
4XAU vis. 54.5% +9% ≥ $11.42M 51.6% — —
5ENA 53.6% +7% $7.00M 52.3% — —
6AVAX 53.6% +7% $8.23M 51.5% — —
7XLM 53.3% +7% $6.51M 53.8% — —
8HYPE 52.6% +5% $23.27M 51.9% — —
9SUI 52.6% +5% $9.97M 51.8% — —
10SOL 52.5% +5% $84.05M 50.4% — —
11ADA 52.1% +4% $10.30M 52.3% — —
12TAO 50.9% +2% $9.78M 50.6% — —
13BNB 50.9% +2% $18.03M 49.0% — —
14NEAR 50.7% +1% $7.95M 51.9% — —
15WLD 50.7% +1% $4.67M 52.0% — —
16DOGE 50.3% +1% $27.50M 51.4% — —
17XAUT 50.3% +1% $8.30M 58.2% — —
18XRP 50.3% +1% $50.13M 50.3% — —
19ETH vis. 50.1% +0% ≥ $205.79M 49.4% — —
20ONDO 49.4% -1% $5.36M 53.5% — —
21LINK 49.3% -1% $8.87M 53.1% — —
22PUMP 49.2% -2% $2.70M 53.0% — —
23TRX 48.8% -2% $5.89M 50.8% — —
24PUMPFUN 48.7% -3% $1.98M 56.8% — —
25PEPE 48.1% -4% $9.99M 51.0% — —
26UNI 47.9% -4% $4.01M 52.4% — —
27BTC vis. 47.9% -4% ≥ $128.12M 48.7% — —
28PAXG 47.1% -6% $11.80M 46.7% — —
29ASTER 45.8% -8% $2.38M 51.7% — —
30ZEC vis. 45.7% -9% ≥ $21.24M 49.8% — —

BTC bid/ask ratio

Bid share of resting orders, Binance + Bybit

Chart: TradingView Lightweight Charts™

ETH bid/ask ratio

Bid share of resting orders, Binance + Bybit

Chart: TradingView Lightweight Charts™

How to read it. Bid share is bid USD / (bid USD + ask USD) resting within ±1% of the mid price, with Binance's and Bybit's books added together; 50% is balanced. Imbalance is the same on a −100% to +100% scale. The z-score compares the latest 5-minute snapshot with its own 7-day average: a coin that is always bid-heavy only stands out when it is more so than usual.

Limits. Resting orders are intent, not trades: they can be pulled at any moment, and big walls are sometimes placed to be seen rather than filled (spoofing). Each coin is sampled once every 5 minutes, so anything shorter is missed. The exchanges' public APIs return 1,000 (Binance) or 500 (Bybit) levels per side, which end about ±0.15% from mid on BTC and ±0.4% on ETH; coins marked vis. have books that end inside ±1%, so their figures cover the visible book only and their depth is a lower bound. For live books with $1M order costs see order book depth. Not financial advice.

Bid/ask ratio FAQ

What is the bid/ask ratio?

The USD value of resting bids within ±1% of the mid price divided by the bids plus the asks in the same band. 50% is balanced; 60% means six of every ten dollars resting near the price are buy orders. Imbalance is the same thing on a -100% to +100% scale: (bids - asks) / (bids + asks).

Is a high bid/ask ratio bullish?

Not on its own. Resting orders are intent, not trades: they can be cancelled at any moment, and large walls are sometimes placed to be seen and pulled before they fill (spoofing). A ratio far from a coin's own average (a large z-score) is worth a look next to open interest, funding and CVD, not a signal by itself. Nothing here is financial advice.

How often is it measured, and how far back does it go?

One REST order-book snapshot per coin and exchange every 5 minutes (heat-map coins every minute, one kept per 5 minutes), for each of Binance's and Bybit's 30 perps with the most open interest. Anything that appears and disappears between two snapshots is missed. Five-minute points are kept for 30 days and hourly averages for good, from when this site started recording them.

Why are BTC and ETH marked as the visible book only?

The exchanges' public order-book APIs return at most 1,000 (Binance) or 500 (Bybit) price levels per side. On the deepest books those levels end about 0.15% (BTC) or 0.4% (ETH) from mid, so the ±1% band holds everything that is visible: the dollar figures are lower bounds and the ratio compares the visible bids with the visible asks, which can reach slightly different depths.

How are the averages and z-score calculated?

Each 5-minute snapshot gives a ratio, pooling Binance and Bybit. The 24-hour and 7-day averages are the means of those ratios; the z-score is how many standard deviations the latest one sits from the 7-day average. Both need at least 12 hours of snapshots.