What is a liquidity score?

The liquidity score is a 0–100 grade from one visible spot order-book snapshot. It blends book shape and peer comparison on the same exchange.

How do you measure liquidity?

We read spread, depth within price bands, simulated slippage for standard buy sizes, and volume consistency from the visible CEX spot book.

What is order book liquidity analysis?

It is a read of the visible bid and ask levels at one moment: best prices, depth near mid, and how much size you can buy before prices move.

Methodology

Q: How to check token liquidity?

Pick an exchange, search the pair, and open the report. You get spread, depth, slippage, and the liquidity score from that snapshot.

Every report is built from a single point-in-time snapshot of the visible spot order book. We publish exactly how each number is produced.

How to check token liquidity

Pick an exchange on the home page.
Search the pair symbol (for example TOKEN/USDT).
Open the report to see spread, depth, slippage, and the liquidity score.

Try the rankings tool to compare pairs on the same exchange.

Liquidity score

The liquidity score is a 0–100 number with an A–F grade from one visible snapshot. Half comes from book shape; half from peer comparison when enough similar pairs exist on the same exchange. See SCORE & GRADES below and the liquidity score guide for a short overview.

Order book liquidity analysis

Order book liquidity analysis here means spread, depth within price bands, and simulated slippage for standard buy sizes on the visible CEX spot book. It is one snapshot, not hidden liquidity or DEX flow. See order book analysis for definitions of depth and the visible book limit.

METRIC FORMULAS

METRICDEFINITION

Spread %(best ask − best bid) / mid price × 100

Depth ±2%Sum of bid + ask quote liquidity within 2% of mid; labeled "visible book only" when the band is not fully spanned

SlippageSimulated market buy walking the ask book at $100, $1k, $5k, $10k, $25k; omitted if < 95% fillable

Display slippageFirst fillable size in order $10k → $1k → $100

Volume consistency24h quote volume / tight depth; flagged when ratio > 10× unless spread/depth/slippage already healthy

SCORE & GRADES

0–100 blends two halves: internal book shape (average of four 0–1 sub-scores — order-book level coverage, tight depth ±1%, wider depth ±10% (weaker bid/ask side), and spread tightness) and peer-relative performance (spread, depth ±2%, slippage vs the median of up to 3 same-volume-tier peers, with a 95% deadband). When no peers qualify, only the internal half is used. The headline score floors at 100 when the pair is healthy, all issue chips pass, and every health-dashboard row is Low severity.

A ≥ 85 · B ≥ 70 · C ≥ 55 · D ≥ 40 · F < 40Status: Poor (low health or <40) · Good (≥70 and healthy) · Fair (else)

BENCHMARKS & PEERS

Exchange average: median spread, depth ±2% and slippage across same-exchange pairs with ≥ $1k 24h volume. Used for the health dashboard only.

Peers: up to 3 symbols, same exchange and quote currency, 24h volume within 5× of target, ranked by liquidity score.

SNAPSHOT POLICY

One point-in-time visible order book per run (top 50 bid/ask levels) plus 24h ticker. Reports show fetched … ago; pairs re-analyzed on every daily run. Depth bands: ±2% (reports) and ±10% (scoring).

LIMITATIONS

Independent analysis. Not investment advice.
Visible CEX spot book only; single snapshot per run
No wash-trading or volume-quality detection
Thin ask liquidity can make large buys unfillable even when bid depth looks healthy