Big Trades
A feed of large market orders on Binance, Aster, Bybit and OKX futures: size, side, how many order book levels the order went through and how large it is for the coin itself.
The Big Trades widget: the latest large orders on four exchanges.
What it is
The exchange publishes trades in pieces: one market order that went through several order book levels arrives as dozens of separate trades. Big Trades merges them back into one order — all parts with the same side in the same millisecond — and shows only the large ones in the feed.
An order gets into the feed if it is large in dollars or large for the coin itself: a big share of its turnover over the last hour and many times its average order. So the feed has both a 5k order on a thin coin, where that is a huge trade. Small orders are filtered out on the server.
The widget is in the menu "Screeners → Microstructure → Big Trades", Pro plan and above.
Columns
| Column | What it shows |
|---|---|
| Age | Time since the order |
| Exch | BN — Binance, AS — Aster, BB — Bybit, OX — OKX |
| Coin | Instrument |
| Side | Taker side: Buy — a market order hit the asks, Sell — hit the bids |
| Size | Order size in dollars. On hover — in coins |
| Price | Average fill price. On hover — the first and last level |
| Lvls | How many price levels of the order book the order went through |
| Impact | Price move inside the order, from the first level to the last |
| % 1h | Share of the coin's hourly turnover on this exchange. Empty for the first minutes after a service restart |
| × avg | How many times the order is larger than the coin's average order over the last hour |
Filters
- Exchanges — the All, BN, AS, BB, OX switches in the widget header.
- Minimum size and Side — in the filters window (funnel icon).
How to use it
- An order with a high "Lvls" and a noticeable "Impact" — the aggressor did not wait and ate the order book across several levels. This signals urgency, not just large volume.
- High "% 1h" and "× avg" on a thin coin — one order is comparable to a noticeable part of the hourly turnover. After such orders, look at the order book and the manipulation monitor.
- A series of orders of one side on one coin within a few seconds — someone is building or reducing a position in parts.
The feed shows what happened, not what will happen next. We store the history of large orders for backtesting, but have not yet measured whether price moves in the same direction after them.