Description
Bid-Ask Spread measures the difference between the best bid and best ask prices for a particular instrument. It returns both:- The absolute spread (in quote currency)
- The spread as a percentage of the mid-price
Details
This metric provides a view of market tightness and liquidity fragmentation. By analyzing how wide or narrow the spread is, traders can quickly identify:- The most liquid exchange for a given asset
- Which instruments offer the best execution conditions
API Endpoint
/derivatives-analytics-bid-ask-spreadAvailability
We cover all instruments on major exchanges like Binance, Deribit, OKX (Okex) and more. Please use the information endpoint to find all coverage and exact instruments.| Exchange | History | Depth Order Count |
|---|---|---|
| Arkham | 2025-08-10 | Full |
| Binance | 2024-01-01 | 1000 |
| Bitmex | 2024-01-01 | Full |
| Bybit | 2025-01-01 | 500 |
| Deribit | 2024-01-01 | Full |
| Hyperliquid | 2025-03-19 | 20 |
| Kraken | 2025-01-01 | Full |
| Okex (OKX) | 2025-05-01 | 2000 |
Frequently Asked Questions
How is the absolute spread calculated?spread = bestAskPrice − bestBidPrice- This is returned in the quote currency of the instrument.
- It’s the absolute spread divided by the mid-price:
spreadPercent = (spread / midPrice) × 100- This normalizes spread data across different pairs.