M taker buy/sell ratio
M taker buy/sell ratio: the volume bought by market orders divided by the volume sold by market orders. Above 1, takers bought more M than they sold. The table shows it over the last 1, 4 and 24 hours on each exchange, perps and spot apart, and the chart shows its history.
Over the last 24 hours, M takers bought $21.6M and sold $23.2M on spot and perps together: a ratio of 0.93, more selling than buying. By exchange, Bybit perp leaned most to buying (0.99) and Binance perp most to selling (0.91).
M taker buy/sell ratio by exchange
taker buys ÷ taker sells| Exchange | Market | Ratio 1h | Ratio 4h | Ratio 24h | Buy % 24h | Vol 24h |
|---|---|---|---|---|---|---|
| Binance | Perp | 1.24 | 1.06 | 0.91 | 47.5% | $30.41M |
| Bybit | Perp | 2.17 | 1.43 | 0.99 | 49.8% | $14.35M |
| All exchanges | Perp | 1.53 | 1.18 | 0.93 | 48.3% | $44.76M |
| Spot + perp | Both | 1.53 | 1.18 | 0.93 | 48.3% | $44.76M |
M taker buy share history
Gate hourly and Binance 5-minute, where recorded · 50% = ratio 1Loading chart…
Not recorded Chart: TradingView Lightweight Charts™
M taker buy and sell volume
All exchanges with a taker split, spot + perpLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
How to read it. What is the taker buy/sell ratio? A ratio above 1 (green) means takers bought more M than they sold over the window; below 1 (red), more selling. Within 3% of 1 counts as even. The history chart shows the taker buy share, buys ÷ (buys + sells): 50% is a ratio of 1, 55% about 1.22. Its history is Gate's M USDT perpetual (hourly) and Binance's 5-minute futures taker ratio are each shown where this site has recorded them; coverage and start dates vary by coin and exchange, and some coins have a shorter history or no Gate series. Net dollar flow is on the M CVD page, positioning on the M long/short ratio, price and funding on the M page. Not financial advice.
Live ratios from Binance, Bybit (1-minute bars recorded from their public feeds). Minutes without a taker split are excluded from both buys and sells.
M taker buy/sell ratio FAQ
What does the M taker buy/sell ratio show?
It is M taker buy volume divided by taker sell volume, from this site's 1-minute bars of every exchange that reports a taker split. The history chart plots the taker buy share (buys over buys plus sells; 50% is a ratio of 1) for Gate's M USDT perpetual (hourly) and Binance's M futures (5-minute), each shown where this site has recorded it. Coverage and start dates vary by coin and exchange, so a coin may have a shorter history or no Gate series at all.
What is the taker buy/sell ratio?
A taker is the side of a trade that crosses the spread with a market order. The taker buy/sell ratio is the volume bought by takers divided by the volume sold by takers over a window. A ratio of 1.20 means takers bought 20% more than they sold; 0.80 means they sold 25% more than they bought. It measures aggression, not positioning: every trade has a buyer and a seller, and the ratio only says which side was in a hurry.
How is it calculated here, and what is left out?
From the 1-minute bars this site records from each exchange's public feed: taker buys are the bar's taker buy volume and taker sells are its volume minus taker buys, summed over the window. Minutes whose feed carries no taker buy/sell split (a feed without the split, the first minute after a reconnect, or one the stream missed) are excluded from both sides rather than counted as selling. When nothing at all was sold the ratio is undefined and shown as a dash.