Zcash (ZEC) Order Book Depth
How much ZEC 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.
ZEC is #4 by open interest on Binance ($468.53M) and #6 on Bybit ($80.18M). Within ±0.5% of mid, Binance holds $6.61M of resting ZEC bids and asks against $5.36M on Bybit, 1.2x as deep. A $100k market buy costs 3.4 bps on Binance and 5.1 bps on Bybit; a $1M buy costs 11.8 bps on Binance and 18.3 bps on Bybit. Buy and sell averaged, a $1M order is cheaper on Binance (10.4 bps vs 15.7 bps on Bybit). Live bid/ask imbalance: Binance +22%, bid-heavy within ±0.56% of mid (limited by returned levels); Bybit +15%, bid-heavy within ±0.90% of mid (limited by returned levels).
Live cards: up to 500 levels per side on each exchange; snapshot build 02:55 UTC. Bids and asks are USD notionals. Truncated bands are lower bounds; each imbalance uses the range reached on both sides. Stored history below uses separate snapshots and can have a different total or dominant side.
Binance ZECUSDT
#4 by OI · $468.53M open interestReturned 500 bid / 500 ask levels; bids reach +0.56% and asks +0.58% from mid.
| Band | Bids | Asks | Total |
|---|---|---|---|
| ±0.1% | $599K | $322K | $921K |
| ±0.5% | $4.15M | $2.46M | $6.61M |
| ±1% | ≥ $4.43M (truncated) | ≥ $2.95M (truncated) | ≥ $7.38M |
| ±2% | ≥ $4.43M (truncated) | ≥ $2.95M (truncated) | ≥ $7.38M |
| Market order | Buy | Sell |
|---|---|---|
| $100K | 3.41 bps | 1.53 bps |
| $1.00M | 11.81 bps | 8.89 bps |
Bybit ZECUSDT
#6 by OI · $80.18M open interestReturned 500 bid / 500 ask levels; bids reach +0.90% and asks +0.99% from mid.
| Band | Bids | Asks | Total |
|---|---|---|---|
| ±0.1% | $370K | $132K | $502K |
| ±0.5% | $3.11M | $2.25M | $5.36M |
| ±1% | ≥ $5.97M (truncated) | ≥ $4.75M (truncated) | ≥ $10.72M |
| ±2% | ≥ $5.97M (truncated) | ≥ $4.75M (truncated) | ≥ $10.72M |
| Market order | Buy | Sell |
|---|---|---|
| $100K | 5.09 bps | 4.44 bps |
| $1.00M | 18.35 bps | 13.12 bps |
ZEC bid/ask ratio and depth history
Stored snapshots: up to 1,000 Binance and 500 Bybit levels per side, pooled in 5-minute buckets. The summary below uses the stored bucket at . Charts load independently and may include a newer bucket or average several buckets. Their bid share uses all visible bids and asks in the requested band, unlike the live cards' symmetric-range imbalance.
ZEC's ±1% bid share is 52.2% (imbalance +4%), inside its 7-day range of 37.0% to 63.5% (7-day average 50.7%, 24-hour average 50.7%, z-score +0.4).
The exchanges' ZEC order-book snapshots end inside ±1% of mid (on BTC they reach about ±0.15%, on ETH about ±0.4%), so the ±1% figures are the whole visible book: lower bounds, and the ratio compares the visible bids with the visible asks.
ZEC bid/ask ratio
Bid share of resting orders, Binance + BybitLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
ZEC depth within ±1%
Resting USD, Binance + BybitLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
One snapshot of each exchange's book every 5 minutes, stored since this site started recording them; 30 days at 5 minutes, hourly averages after that. ZEC's snapshots end inside ±1% of mid, so these lines are the visible book (lower bounds), not the full ±1%. Resting orders can be pulled or spoofed between snapshots. Compare every coin on the bid/ask ratio table.
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. Depth bands, imbalance and slippage explained.
ZEC 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 ZEC 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 (the history charts above come from separate 5-minute snapshots). Not financial advice.
ZEC order book FAQ
How deep is the ZEC order book?
The tables show the USD value of resting ZEC 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 ZEC 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. If returned levels end inside ±1%, the live imbalance uses the smaller range reached on both sides, shown beside the figure. Nothing here is financial advice.