Comparing Stock Perpetual Order Book Depth During Earnings Week
Summary
The document compares order book depth for MSFT, AMZN, AAPL, and META perpetual contracts across trading platforms during July 21–27, 2026. It measures liquidity within 5, 10, and 50 basis points of the touch, using quoted depth in USDT. The reported figures place Bitget first in all twelve asset-and-depth comparisons, with especially large relative leads at the narrower price bands and smaller leads at 50 basis points.
The article links deeper displayed liquidity near the market price to potentially easier execution and lower slippage, and wider depth to greater capacity for larger orders. It presents platform snapshots as evidence, but gives no collection method, sample frequency, execution tests, or independent verification. Order books change quickly, and displayed depth may disappear or fail to predict actual fills. The week’s rankings therefore describe a limited observation window rather than a durable guarantee of execution quality or future liquidity.
Key ideas
- The comparison measures displayed order book depth at 5, 10, and 50 basis points for four stock perpetuals.
- Bitget ranked first in each of the twelve reported asset-and-depth comparisons for the stated week.
- Near-touch depth can inform expectations about market impact and slippage, while deeper bands indicate more displayed capacity.
- The document provides snapshots rather than execution testing, and its results may not persist as market conditions change.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.