Binance

As of · Methodology v0.1.1

Shadow mode is active during the initial calibration window. The composite score and band assignment will publish once sufficient peer baseline history has accumulated. Dimension and metric scores are live.

D1 Volume authenticity weight 30%
53.3
Trade size distribution · Volume-to-order-book ratio · Trade interval entropy

One or more volume-pattern metrics deviate noticeably from the peer-basket reference. The per-metric breakdown below shows which components are driving the score.

One or more volume-pattern metrics deviate noticeably from the peer-basket reference. The per-metric breakdown below shows which components are driving the score.

M01
Trade size distribution (Benford-adjusted)
0.183
45.1

Atypical · Low

See methodology entry for M01 → for full inputs, formula, and score mapping.

Status: ok · Coverage: 100.0%

M01
Trade size distribution (Benford-adjusted)
0.0936
66.9

Typical

See methodology entry for M01 → for full inputs, formula, and score mapping.

Status: ok · Coverage: 100.0%

M02
Volume-to-order-book-depth ratio
597
15.1

Atypical · Low

See methodology entry for M02 → for full inputs, formula, and score mapping.

Status: ok · Coverage: 99.3%

M02
Volume-to-order-book-depth ratio
340
24.8

Atypical · Low

See methodology entry for M02 → for full inputs, formula, and score mapping.

Status: ok · Coverage: 99.3%

M03
Trade interval entropy
0.858
82.8

Typical

See methodology entry for M03 → for full inputs, formula, and score mapping.

Status: ok · Coverage: 100.0%

M03
Trade interval entropy
0.749
85.0

Typical

See methodology entry for M03 → for full inputs, formula, and score mapping.

Status: ok · Coverage: 100.0%

D2 Order book quality weight 25%
60.7
Effective spread · Order book slope · Quote stability and update rate

Order-book quality sits in the middle of the peer-basket range. Effective spread and depth metrics are reasonable; one component may be weaker than the others.

Order-book quality sits in the middle of the peer-basket range. Effective spread and depth metrics are reasonable; one component may be weaker than the others.

M04
Effective spread
3
88.0

Typical

See methodology entry for M04 → for full inputs, formula, and score mapping.

Status: ok · Coverage: 99.3%

M04
Effective spread
4.23
83.1

Typical

See methodology entry for M04 → for full inputs, formula, and score mapping.

Status: ok · Coverage: 99.3%

M05
Order book slope (Kyle's λ proxy)
5.3
94.7

Typical

See methodology entry for M05 → for full inputs, formula, and score mapping.

Status: ok · Coverage: 99.3%

M05
Order book slope (Kyle's λ proxy)
1.68
98.3

Typical

See methodology entry for M05 → for full inputs, formula, and score mapping.

Status: ok · Coverage: 99.3%

M06
Quote stability and flickering
38.2
0.0

Atypical · Low

See methodology entry for M06 → for full inputs, formula, and score mapping.

Status: ok · Coverage: 100.0%

M06
Quote stability and flickering
29.4
0.0

Atypical · Low

See methodology entry for M06 → for full inputs, formula, and score mapping.

Status: ok · Coverage: 100.0%

D3 Price formation integrity weight 25%
86.6
Cross-venue price deviation · Mid-price reversion dynamics · Funding rate / basis sanity (deferred — v2)

Mid-price tracks the global market closely and impact dynamics on large trades match the reference pattern. Both metrics in this dimension sit near the best of the peer basket.

Mid-price tracks the global market closely and impact dynamics on large trades match the reference pattern. Both metrics in this dimension sit near the best of the peer basket.

M07
Cross-venue price deviation
6.06
77.9

Typical

See methodology entry for M07 → for full inputs, formula, and score mapping.

Status: ok · Coverage: 99.3%

M07
Cross-venue price deviation
6
78.0

Typical

See methodology entry for M07 → for full inputs, formula, and score mapping.

Status: ok · Coverage: 99.3%

M08
Mid-price reversion dynamics
0.217
95.7

Typical

See methodology entry for M08 → for full inputs, formula, and score mapping.

Status: ok · Coverage: 100.0%

M08
Mid-price reversion dynamics
0.25
95.0

Typical

See methodology entry for M08 → for full inputs, formula, and score mapping.

Status: ok · Coverage: 100.0%

D4 Cross-venue consistency weight 20%
48.8
Volume share vs liquidity share · Price leadership

Volume share relative to liquidity share, or price-discovery contribution, deviates noticeably from the peer-basket reference. The per-metric breakdown below shows the source of the divergence.

Volume share relative to liquidity share, or price-discovery contribution, deviates noticeably from the peer-basket reference. The per-metric breakdown below shows the source of the divergence.

M10
Volume share vs liquidity share
256
0.0

Atypical · Low

See methodology entry for M10 → for full inputs, formula, and score mapping.

Status: ok · Coverage: 99.3%

M10
Volume share vs liquidity share
213
0.0

Atypical · Low

See methodology entry for M10 → for full inputs, formula, and score mapping.

Status: ok · Coverage: 99.3%

M11
Price leadership / discovery contribution
0.119
97.6

Typical

See methodology entry for M11 → for full inputs, formula, and score mapping.

Status: ok · Coverage: 99.2%

M11
Price leadership / discovery contribution
0.13
97.4

Typical

See methodology entry for M11 → for full inputs, formula, and score mapping.

Status: ok · Coverage: 99.2%