Ethereum was quoted at about $2,694.05, according to order book monitoring platform Liquid24/7.xyz. The data showed Binance perpetuals carrying the heaviest nearby sell-side depth among the venues listed, with roughly $93.3586 million in sell orders versus about $59.6945 million in buy orders, leaving sell liquidity ahead by around $33.6641 million. On Binance spot, sell orders were also larger than bids by about $1.8001 million.
Elsewhere, the picture was more balanced or tilted the other way. Coinbase spot showed about $9.677 million in buy orders against roughly $9.0918 million in sell orders, a buy-side lead of around $585,100. OKX perpetuals posted about $23.2709 million in buy orders and $20.2652 million in sell orders, while Hyperliquid perpetuals showed about $13.2093 million in buy orders and $10.839 million in sell orders.
Liquid24/7.xyz said Binance perpetual sell depth was clearly thicker than at other venues. The platform added that if a large market order hits, slippage could be larger on the thinner side of the market at other exchanges.
Ethereum was trading at about $2,694.05, according to monitoring data from order book intelligence platform Liquid24/7.xyz.
Across venues, Binance perpetuals showed nearby sell-side depth of about $93.3586 million, compared with roughly $59.6945 million on the buy side. That left sell orders ahead by around $33.6641 million. On Binance spot, sell orders stood at about $9.0692 million versus buy orders of roughly $7.269 million, with the sell side ahead by about $1.8001 million.
On Coinbase spot, buy orders were about $9.677 million and sell orders were roughly $9.0918 million, putting the buy side ahead by around $585,100.
OKX perpetuals showed about $23.2709 million in buy orders against roughly $20.2652 million in sell orders, a buy-side lead of around $3.0057 million. Hyperliquid perpetuals posted about $13.2093 million in buy orders and about $10.839 million in sell orders, with buy orders ahead by around $2.3703 million.
Liquid24/7.xyz said sell depth on Binance perpetuals was noticeably thicker than at other venues. If a large market order appears, slippage could be greater on the thinner side at other exchanges.
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