A power-electronics-based DC-distribution system is a complex and extensively interconnected system consisting of multiple power converters. Consequently, a number of issues related to stability arise due to interactions among multiple converter subsystems. Recent studies have presented methods such as passivity-based stability criterion where the stability and other dynamic characteristics of an interconnected system can be effectively analyzed using bus-impedance measurement. Studies have presented online techniques where the bus impedance is obtained by combining together the measurements of input and output impedances of single converters in the system. Since the converters are coupled, the presented techniques require several measurement cycles in order to sequentially measure the individual impedances to be combined to obtain the overall bus impedance. This paper presents a measurement technique based on injection of orthogonal binary sequences. Applying this method, all the impedances in the system can be simultaneously measured during one measurement cycle. Therefore, the overall measurement time of the bus impedance is drastically reduced. Furthermore, the method guarantees that the system dynamics do not change between measurements, and therefore, the computed bus impedance is not distorted. Experimental results are presented and used to demonstrate the effectiveness of the proposed method.