Bid, ask, at spread na ipinaliwanag
Bid, ask, and spread are the three numbers every event-contract trader should read before placing an order. They tell you the actual price you can trade at, how much the venue or other traders are charging you to take the other side, and how liquid the market really is.
Bid, ask, at spread na ipinaliwanag
Bid: the best price to sell at
The bid is the highest price any buyer is currently willing to pay for a share. If the best bid on a YES contract is $0.54, that means the most aggressive buyer is offering 54¢. If you want to sell YES immediately, you'll get 54¢ per share (minus fees).
Ask: the best price to buy at
The ask (also called the offer) is the lowest price any seller is currently willing to accept. If the best ask on the same YES contract is $0.57, that means the cheapest offer is 57¢. If you want to buy YES immediately, you'll pay 57¢ per share.
Spread: the cost of immediacy
The spread is the difference between the bid and the ask. In this example, $0.57 − $0.54 = $0.03, or three cents. That's the implicit cost of trading in and out of the market instantly. Tight spreads (one cent or less) indicate a liquid, well-arbitraged market. Wide spreads (five cents or more) indicate thin liquidity and usually mean the implied probability reading is noisier than it looks. A worked example: if you buy 100 YES shares at $0.57 and immediately sell them at $0.54, you lose $3.00 just on the round-trip, before any move in the underlying probability. That's why event-contract traders wait for tight spreads before trading size.
Mga Kaugnay na Artikulo
Ano ang implied probability sa mga prediction market?
Bakit ang YES share na nangangalakal sa $0.62 ay nangangahulugang ~62% market-implied probability at kailan nasusira ang pagbasang ito.
ClusterMga order book vs AMM sa mga prediction market
Ang Kalshi at Polymarket ay gumagamit ng mga order book; mas lumang on-chain na platform ay gumagamit ng AMM. Paano naiiba ang bawat isa sa pagpepresyo ng panganib.
ClusterAno ang LMSR (Logarithmic Market Scoring Rule)?
Ang market-maker formula na dinisenyo ni Robin Hanson para sa mga prediction market, kung bakit nililimitahan nito ang pagkalugi at sino pa ang gumagamit nito.