Assess the global liquidity of a single normalized asset, or the entire liquidity landscape of multiple crypto markets, to inform price forecasts and execution models.
Global Liquidity
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This subscription shows the normalized liquidity of an asset (e.g. BTCUSD Spot) across all exchanges. This allows you to understand trends in overall liquidity, for example, the relative liquidity of perpetuals over spot, or geographic liquidity trends.
You can subscribe to the liquidity summary at a single level, or cumulative liquidity at a number of price levels (up to 25).
Some example subscriptions are given below:
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# Subscribe to deribit's BTC-PERPETUAL liquidity at the touch (Best Bid, Best Ask)
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channel =['deribit.BTC-PERPETUAL.liquidity.1']
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# Subscribe to bitmex's XBTUSD liquidity for all 25 levels
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channel =['bitmex.XBTUSD.liquidity.25']
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# Subscribe to the liquidity of BTCUSD spot across all exchanges
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channel =['BTCUSD spot.liquidity.25']
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The response will be in the format:
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# Cumulative liquidity for the top 5 levels of Bitflyer's BCHBTC pair