Order Book

Order Book Overview

The order book provides a real-time snapshot of market buy and sell orders, serving as a critical tool for assessing market depth and price trends.

Key Components

• Price and Tiers:

  • Sell orders are displayed in descending order from high to low.

  • Buy orders are displayed in ascending order from low to high.

  • Typically, the top 10 tiers are shown for each side.

• Order Size:

  • Displays the total order amount (in USD) at each specific price tier.

• Cumulative Total/Volume:

  • Shows the aggregated order amount or volume from the current price tier toward less favorable market directions (upward for sell orders, downward for buy orders).

• Spread:

  • Indicates the difference between the best ask (lowest sell price) and best bid (highest buy price), along with the spread as a percentage of the best bid price.

• Depth Visualization:

  • Each price tier is accompanied by a visual depth bar, intuitively representing the proportion of the tier’s order volume relative to the total order book. The length of the bar corresponds to the relative order size at that tier.

Interactive Features

• Price Selection:

  • Clicking any price in the order book automatically populates the “price” input field in the trading panel with the selected price.

• Hover Details:

  • Hovering over a price tier displays a dashed line and a detailed tooltip, showing:

    • The average price of the tier.

    • The total quantity of the asset.

    • The total value in USDT.

• Real-Time Updates:

  • The order book refreshes at intervals of ≤1 second, ensuring users receive the most up-to-date market data.