How much ETH is resting in the perpetual-futures order books of Binance and Bybit, side by side: bid and ask USD within ±0.1%, 0.5%, 1% and 2% of mid, the bid/ask imbalance, and what a $100k and a $1M market order would cost in basis points. Live snapshots from the exchanges' public order-book APIs, refreshed every couple of minutes.
ETH is #2 by open interest on Binance ($6.10B) and #2 on Bybit ($1.06B). Within ±0.1% of mid, Binance holds $32.64M of resting ETH bids and asks against $11.64M on Bybit, 2.8x as deep. A $100k market buy costs 0.47 bps on Binance and 0.36 bps on Bybit; a $1M buy costs 1.7 bps on Binance and 2.5 bps on Bybit. Buy and sell averaged, a $1M order is cheaper on Binance (1.1 bps vs 2.1 bps on Bybit). Bid/ask imbalance within ±1% of mid: Binance +51%, bid-heavy; Bybit -0%, roughly balanced.
2 order books500 levels per sideSource: Binance and Bybit public APIsAs of 22:36 UTC
Binance ETHUSDT
#2 by OI · $6.10B open interest
Mid 2,672.2Spread 0.04 bpsImbalance ±1% +51% within ±0.19%
Band
Bids
Asks
Total
±0.1%
$22.36M
$10.28M
$32.64M
±0.5%
≥ $73.31M (truncated)
≥ $24.32M (truncated)
≥ $97.62M
±1%
≥ $73.31M (truncated)
≥ $24.32M (truncated)
≥ $97.62M
±2%
≥ $73.31M (truncated)
≥ $24.32M (truncated)
≥ $97.62M
Market order
Buy
Sell
$100K
0.47 bps
0.02 bps
$1.00M
1.69 bps
0.43 bps
Bybit ETHUSDT
#2 by OI · $1.06B open interest
Mid 2,672.4Spread 0.04 bpsImbalance ±1% -0% within ±0.22%
Band
Bids
Asks
Total
±0.1%
$6.11M
$5.52M
$11.64M
±0.5%
≥ $23.18M (truncated)
≥ $23.73M (truncated)
≥ $46.91M
±1%
≥ $23.18M (truncated)
≥ $23.73M (truncated)
≥ $46.91M
±2%
≥ $23.18M (truncated)
≥ $23.73M (truncated)
≥ $46.91M
Market order
Buy
Sell
$100K
0.36 bps
0.02 bps
$1.00M
2.51 bps
1.67 bps
How to read it. Each band row shows the resting bid and ask USD within that distance of the mid price. ≥ $X (truncated) means the exchange's 500 returned levels end inside the band, so the real figure is at least that. Imbalance is (bids − asks) / (bids + asks) within ±1%, or within the range the snapshot reaches on both sides when that is less. Market order rows give the average fill versus mid, in basis points, half-spread included and fees excluded.
ETH has a page here while it is among the 20 USDT perpetuals with the most open interest on Binance or Bybit. Compare every coin on the order book depth table, or see ETH price and open interest. Snapshots from Binance's and Bybit's public order-book APIs, refreshed every couple of minutes while the page is viewed; nothing is stored. Not financial advice.
ETH order book FAQ
How deep is the ETH order book?
The tables show the USD value of resting ETH bids and asks within ±0.1%, 0.5%, 1% and 2% of the mid price on Binance and Bybit, from a live snapshot of each exchange's book. Values marked ≥ (truncated) are lower bounds: the exchange returned its 500 best levels per side and they end inside that band.
How much does a $100k or $1M ETH market order move the price?
We walk the ask side (for a buy) or the bid side (for a sell) from the best price until the order is filled, and compare the average fill with the mid price, in basis points (1 bps = 0.01%). Half the spread is included; fees, hidden orders and the book moving while you trade are not.
What does bid/ask imbalance mean?
(bids - asks) / (bids + asks) within ±1% of mid: positive means more resting buy orders, negative more sell orders. Resting orders can be pulled at any moment, so it is a snapshot of intent, not a signal on its own. Nothing here is financial advice.