Buy interest
Bids represent available or resting interest to buy at specified prices.
ORDER BOOK DEX
BIDS / ASKS / DEPTH / EXECUTION
How does an order book DEX work?
An order book organizes available buy and sell interest by price. Traders can review bids, asks and market depth before choosing an order type. In a wallet-first DEX model, the interface connects the trader to decentralized market infrastructure without relying only on a conventional centralized exchange account.
ORDER BOOKMARKET DEPTHWALLET-FIRST
ORDER BOOK BASICS
Depth shows more than a single last-traded price.
An order book displays buy and sell interest across price levels. The available quantity near the current market can influence spread, slippage and the ability to execute larger orders efficiently.
Sell interest
Asks represent available or resting interest to sell at specified prices.
Difference between sides
The bid-ask spread is the gap between the best available buy and sell prices.
Liquidity across levels
Depth shows how much quantity is available beyond the top price.
Resting orders
Limit orders can wait in the market until compatible execution becomes available.
Immediate execution
Market orders consume available liquidity and can cross multiple price levels.
WHAT TO READ
Use depth to understand execution conditions.
BEFORE ORDER
Check the market.
PAIRCorrect market
Verify the trading pair or contract.
SPREADCurrent bid and ask
A wider spread can increase immediate execution cost.
DEPTHAvailable size
Review how much liquidity exists near the current price.
ORDER CHOICE
Match the order to your goal.
LIMITPrice condition
Limit orders may wait or remain unfilled.
MARKETExecution priority
Market orders seek immediate fills from available liquidity.
STATUSReview the result
Check fills, open orders and resulting positions after submission.
RELATED GUIDES
Learn order execution and market access.
ORDER BOOK FAQ
Quick answers.
What is an order book DEX?+
It is a wallet-connected decentralized trading interface or venue that organizes buy and sell interest by price through order-book infrastructure.
What is market depth?+
Market depth is the amount of available buy and sell liquidity across different price levels.
Why does depth matter for large orders?+
If available liquidity is thin, a large order may execute across several price levels and experience more slippage.
EXECUTION VISIBILITY
Open HOODBTC Trade ↗Read the order book before placing the trade.
Review bids, asks, spread and depth together with your intended order size.