Hourly Stats

Executive Summary

London (12–15 UTC / 22:00–01:00 SYD) is the undisputed peak — 64% above mean volume, deepest order books, highest volatility. This is your prime trading window.

Late NY (21–23 UTC / 07:00–09:00 SYD) is the dead zone — 71–77% of mean volume, thinnest order books, highest slippage risk. Avoid market orders here.

Tokyo open (00–01 UTC / 10:00–11:00 SYD) shows the classic thin-book paradox — moderate volume but outsized price moves (110% volatility at only 100% volume).

Volume Leaders

Volatility Leaders

Full Hourly Comparison All metrics side-by-side

Visual Charts Interactive · Click legend to toggle series

Normalization:

Volume (Turnover USDT)

ATR(14) — Smoothed Volatility

Avg Hourly Range

Directional Bias (Signed % Change)

Price Volatility |%Change|

Open Interest (Top-50 Perps)

Liquidity & Limit Order Activity Maker presence by hour

Liquidity Depth (Turnover ÷ Range)

USDT volume per unit of price movement. High = deep book = makers absorbing flow.

Amihud Illiquidity

Price impact per US$ of volume. Low = liquid (makers present). High = illiquid.

OI Change Rate — Position Churn per Hour

How fast positions open/close each hour. Higher = more rolling activity.

UTC	SYD	Session	Depth %	Amihud %	OI Chg%/hr	Interpretation