Ethereum spreads and order-book depth
Bitget has the tightest measured spread on Ethereum right now, at $0.01 per ETH (0.040 bps) on ETH/USDT, sampled 2 hours ago. RampAtlas reads 13 venues' public order books for ETH every two hours and reports the spread, the resting depth within 1% of the mid, and what a market buy of $500, $5,000 or $50,000 would pay above the mid.
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Where ETH trades tightest
| Exchange | Pair | Spread | 24h median | Bid depth 1% | Ask depth 1% | $500 buy | $5,000 buy | $50,000 buy | Sampled |
|---|---|---|---|---|---|---|---|---|---|
| Bitget | ETH/USDT | $0.010.040 bps | 0.040 bps | — | — | 0.020 bps | 0.020 bps | 0.353 bps | 2 hours ago |
| Gate | ETH/USDT | $0.010.040 bps | 0.040 bps | — | — | 0.020 bps | 0.020 bps | 2.24 bps | 2 hours ago |
| KuCoin | ETH/USDT | $0.010.040 bps | 0.040 bps | — | — | 1.59 bps | 1.79 bps | 5.72 bps | 2 hours ago |
| Crypto.com Exchange | ETH/USD | $0.010.040 bps | 0.040 bps | — | — | 0.020 bps | 0.020 bps | 1.20 bps | 2 hours ago |
| Gemini | ETH/USD | $0.010.040 bps | 0.040 bps | $426,013 | $695,482 | 0.020 bps | 0.020 bps | 0.020 bps | 2 hours ago |
| Kraken | ETH/USD | $0.010.040 bps | 0.040 bps | $11.3M | $11.2M | 0.020 bps | 0.020 bps | 0.020 bps | 2 hours ago |
| Bitstamp by Robinhood | ETH/USD | $0.020.080 bps | 0.060 bps | $1.8M | $1.9M | 0.040 bps | 0.040 bps | 0.040 bps | 2 hours ago |
| Binance US | ETH/USD | $0.080.320 bps | 0.319 bps | $673,566 | $563,900 | 0.366 bps | 1.41 bps | 4.37 bps | 2 hours ago |
| Coinbase Exchange | ETH/USD | $0.120.481 bps | 0.141 bps | $4.7M | $3.5M | 0.240 bps | 0.240 bps | 0.950 bps | 2 hours ago |
| Bitvavo | ETH/USDC | $1.867.45 bps | 4.32 bps | $236,900 | $223,568 | 3.72 bps | 3.72 bps | 5.92 bps | 2 hours ago |
| Binance | ETH/USD | not measured | — | — | — | — | — | — | 2 hours ago |
| Bybit | ETH/USD | not measured | — | — | — | — | — | — | 2 hours ago |
| OKX | ETH/USD | not measured | — | — | — | — | — | — | 2 hours ago |
Spread is the latest reading, shown as what crossing it costs on one ETH and as a share of the mid in basis points; the median column is over the last 24 hours. Depth is the notional value of resting orders within 1% of the mid on each side, converted to US dollars. Slippage is what a market buy of that size would pay above the mid on the book we read, and is blank where the visible book could not fill it.
- Bitget (ETH/USDT): Quoted in USDT, counted at one US dollar. The 1% band runs past the last level the venue served, so depth is reported as not measured.
- Gate (ETH/USDT): Quoted in USDT, counted at one US dollar. The 1% band runs past the last level the venue served, so depth is reported as not measured.
- KuCoin (ETH/USDT): Quoted in USDT, counted at one US dollar. The 1% band runs past the last level the venue served, so depth is reported as not measured.
- Crypto.com Exchange (ETH/USD): The 1% band runs past the last level the venue served, so depth is reported as not measured.
- Bitvavo (ETH/USDC): Quoted in USDC, counted at one US dollar.
- Binance: not measured on the last run — blocked: The venue refused the request (HTTP 451); it does not serve RampAtlas's servers.
- Bybit: not measured on the last run — blocked: The venue refused the request (HTTP 403); it does not serve RampAtlas's servers.
- OKX: not measured on the last run — unsupported_pair: OKX returned code 50013: Systems are busy. Please try again later.
Spread history
Bitget
ETH/USDT · 0.037 bps–0.041 bps
Gate
ETH/USDT · 0.037 bps–1.92 bps
KuCoin
ETH/USDT · 0.037 bps–0.992 bps
Crypto.com Exchange
ETH/USD · 0.037 bps–1.03 bps
Gemini
ETH/USD · 0.037 bps–7.17 bps
Kraken
ETH/USD · 0.037 bps–4.63 bps
Bitstamp by Robinhood
ETH/USD · 0.037 bps–2.22 bps
Binance US
ETH/USD · 0.038 bps–1.27 bps
Coinbase Exchange
ETH/USD · 0.037 bps–1.25 bps
Bitvavo
ETH/USDC · 1.62 bps–10.0 bps
Method
Pairs are fixed per venue so each series measures the same book over time: the quote currency is chosen once, preferring US dollars, then dollar stablecoins, then euros or the venue's home currency. A non-dollar book's depth is converted using that book's own mid against ETH's snapshot US dollar price.
Frequently Asked Questions
- Which exchange has the tightest ETH spread?
- Bitget, at $0.01 per ETH (0.040 bps) on ETH/USDT as of the sample taken 2 hours ago. Spreads move, so this page is re-measured every two hours.
- Does a tighter spread mean ETH is cheaper to buy there?
- Only in part. The spread is one of three costs: the trading fee, the spread you cross, and the deposit or card fee that got your money onto the venue. The fee pages put all three together for a given purchase size, and use the measured spread on this page wherever we have one.
- What does 1% depth tell me?
- It is the dollar value of orders resting within 1% of the mid price on one side of the book. A venue with a tight spread but shallow depth will still move against a large order — which is why the table also shows what $500, $5,000 and $50,000 market buys would pay.