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Ethereum order book heatmap

By Swiftedge · Published 20 Oct 2026

Swiftedge Depth shows the live order book of the Binance ETHUSDT perpetual as a heatmap: every price where buy and sell limit orders are waiting, how that changes four times a second, and every trade on top. It is free, runs in the browser and needs no account.

ETHUSDT—connecting

Live Ethereum order book heatmap: resting bids in green below price, asks in violet above, trades as bubbles

resting bidsresting askstradeslast 2 minutes · live

Open the live ETH heatmapFour updates a second, history back to the start of the day, every trade as a bubble.

Open Ethereum Depth

What the Ethereum heatmap shows

The vertical axis is the ETH price, the horizontal axis is time. Each thin band is one price level of the futures book, coloured by how much size is resting there: green below the price for bids, violet above it for asks. Brighter means more ETH waiting. The white line is the price, and every trade is drawn as a bubble: teal when a buyer crossed the spread, violet when a seller did, larger for larger trades.

Add indicators from the same menu as on Bitcoin: Liquidations marks every forced close of a leveraged ETH position on Binance, OKX and Bybit, GEX draws the gamma levels from ETH options, VWAP and CVD show where volume traded and who was aggressive, and Mentor and Session Orbs describe the structure and the session ranges.

What is different about Ethereum's order book

Finer prices. ETH trades around a few thousand dollars with a tick of one cent, so the book has many more price levels per dollar than Bitcoin. Resting size tends to gather at round numbers (every 10, 50 and 100 dollars), and those bands are often the brightest on the map.
Less size per dollar. The ETH book holds less dollar value near price than the BTC book, so the same order moves ETH further. Walls appear and vanish faster, and a thin area on the map matters more.
Often follows Bitcoin. Large BTC moves tend to pull ETH with them. Switch between Bitcoin and Ethereum in the top bar of Depth to compare the two books at the same moment.
Its own options market. ETH has deep options on Deribit, OKX and Bybit, so the call wall, put wall, gamma flip and max pain are worth watching. They are on ETH levels today and on the ETH options expiry pages.

How to read it, step by step

Find the bright bands near price. Large resting orders show where ETH may slow down or stall. Bands that have stood for minutes carry more weight than ones that just appeared.
Watch what happens when price arrives. A band that is traded into and holds is real liquidity. A band that disappears just before price reaches it was pulled, not filled.
Read the bubbles. Clusters of large teal or violet bubbles at a level show who is in a hurry. Heavy buying into a violet band without price moving up is absorption by the sellers.
Check the context. Turn on Liquidations to see forced selling or buying, and GEX to see where options hedging may dampen or add to moves.

ETH liquidations on the heatmap

Leverage is common in ETH futures, and forced closes often arrive in bursts. With the Liquidations indicator each one is a ring at the time and price it happened: orange for a long that was closed, cyan for a short. The last 24 hours are summed up on Ethereum liquidations today, and the estimated levels where the next ones may sit are on the ETH liquidation heatmap, which shows how well that estimate lined up with reality.

Ethereum on Swiftedge

Ethereum Depth: the live order book heatmap described on this page.
Ethereum Options: the live ETH options chain, open interest by strike and options-implied odds.
Daily ETH report and weekly report: sessions, wall events and options levels, written from the data.
ETH levels today, ETH liquidations and the ETH liquidation heatmap.

Data: Binance USDⓈ-M futures, ETHUSDT perpetual (order book out to about 2 % from price and every trade); liquidations from Binance, OKX and Bybit; options from Deribit, OKX and Bybit. Descriptive market data, not financial advice.

Common questions

Is there a free Ethereum order book heatmap?

Yes. Swiftedge Depth shows the live ETHUSDT order book heatmap for free in the browser, with no sign-up, at swiftedge.uk/eth/depth.

Which exchange does the ETH heatmap use?

Binance USDⓈ-M futures, the ETHUSDT perpetual: the order book out to about 2 % from price and every trade. Liquidations also come from OKX and Bybit, and options levels from Deribit, OKX and Bybit.

Is this the same as an ETH liquidation heatmap?

No. An order book heatmap shows orders that are really resting in the book. A liquidation heatmap estimates where leveraged positions could be closed by force; Swiftedge has that as a separate page, the ETH liquidation heatmap.

Can I see Ethereum options levels on the heatmap?

Yes. Turn on the GEX indicator to draw the call wall, put wall and gamma flip from ETH options. The levels are estimates based on open interest and a common assumption about dealer positioning.

Does it work on a phone?

Yes. Depth has a phone layout with a bottom bar; press and hold the chart to read a price level.

Is this financial advice?

No. Swiftedge shows market data and descriptive analysis. Nothing on the site is a recommendation to buy or sell.

Keep reading

What is an order book heatmap?The layers of the chart and the patterns that matter.Liquidity walls explainedReal walls, pulled walls, and what happens when price arrives.ETH liquidation heatmapEstimated liquidation levels, checked against real liquidations.Bitcoin order book heatmapThe same tool for the BTCUSDT book.