What is the order book on Binance futures?

The order book is a list of the currently open buy and sell orders for an asset, organized by price. The image above is a snapshot of the order book of the BTC/USDT pair on Binance Futures. The orders color-coded in green show buy orders at specific price levels, while the orders in red show sell orders.

What is Binance's order book depth?

Due to the nature of Binance's exchange API, this data set contains the closest 1,000 orders to the midpoint price captured during every snapshot taken (once a minute). Thus, the order book depth ranges depending on the volume of trades occurring during the specified timespan.

How to visualize distributions on Binance?

We can visualize these distributions by using a density plot. Here’s the density plot for BNB/USDT, the #1 traded pair on Binance, compared to ZRX/BTC, the #50 most traded pair on Binance. The area under the curve of a density function represents the probability of getting a value between a range of x values.

What is the bid-ask spread in Binance?

Note that the Binance API only provides the lowest 100 asks and the highest 100 bids (see the count column). The prices of the most recent trades will be somewhere between the maximum bid price and the minimum asking price. This is known as the top of the book . The difference between these two price levels is known as the bid-ask spread.