For this market move involving $GSB , it’s worth noting that “slippage isn’t just about the last quoted price.”
An order may be filled in several parts at different prices, so the final average execution price can differ from the quote you saw before placing the order. This difference is commonly called slippage. Order size, the amount of liquidity available at different prices, and market movements can all affect the result. A price shown on screen is just one reference point; it doesn’t mean the entire order can be filled at that price.
The actual data for comparison: Binance Spot, 10/20 11:00–12:00 (Beijing time). Over this hour, the price fell 0.07%, with a trading volume of 73.49 USDT, 0.47 times that of the previous hour. The closing price for the period was 877.7 USDT.
When reviewing a trade, compare the actual average execution price with the reference price at the time, and list fees separately rather than combining them into one figure.
#GSB #CryptoChatter
An order may be filled in several parts at different prices, so the final average execution price can differ from the quote you saw before placing the order. This difference is commonly called slippage. Order size, the amount of liquidity available at different prices, and market movements can all affect the result. A price shown on screen is just one reference point; it doesn’t mean the entire order can be filled at that price.
The actual data for comparison: Binance Spot, 10/20 11:00–12:00 (Beijing time). Over this hour, the price fell 0.07%, with a trading volume of 73.49 USDT, 0.47 times that of the previous hour. The closing price for the period was 877.7 USDT.
When reviewing a trade, compare the actual average execution price with the reference price at the time, and list fees separately rather than combining them into one figure.
#GSB #CryptoChatter