The order book is on the right hand side of your screen when you are looking at any market page. Each trading pair has its own order book. The top portion represents users attempting to sell an asset, and the bottom represents people attempting to buy that asset. In between them is what is known as the spread. We will explain this in better detail below. To view the order book in full screen, click the green circle in the top right corner.
Your open orders on Beaxy are shown within the order book with a red or green arrow. Hovering your cursor over the arrow will display the amount of your order.
What is the Order Book?
The Order Book displays a real-time list of outstanding orders for a specific asset within the exchange. These orders represent how much interest there is from buyers and sellers in the form of Asks and Bids.
There are two sides of the Order Book. The green buy side (Bid) and the red sell side (Ask). Both display the prices, amounts, and totals. The larger the totals, the larger the green or red colored depth to that area of the order book.
The Bid Side (Buyers)
The Bid side of the order book displays all open buy orders among users of the exchange below the last traded price.
A "Bid" is an offer to buy X amount of a particular asset at a specific price from a seller. For a transaction to take place, a bid must be matched with an appropriate sell order. If there are no sellers at the Bids' specification, the order may take time to find a seller or go unfulfilled.
Significant outstanding Bid orders at a particular price range may form what traders call a "Buy Wall."
The Ask Side (Sellers)
The Ask side of the order book displays all open sell orders among users of the exchange above the last traded price.
An "Ask" is an offer to sell X amount of a particular asset at a specific price to a buyer. For a transaction to take place, an Ask must be matched with an appropriate buy order. If there are no buyers at the Asks' specification, the order may take time to find a buyer or go unfulfilled.
Significant outstanding Ask orders at a particular price range may form what traders call a "Sell Wall."
The Spread represents the difference between the highest buy order and lowest sell order for a trading pair. It is displayed in between the Ask and the Bid sides of the Order Book.