What are the implications of executing this order as a taker order instead of selecting 'post only'?

3 answers

• Mar 24, 2022 · 3 years ago
  As a taker, your order will be executed immediately at the best available price in the order book. This means that you may pay a higher transaction fee compared to being a maker, who provides liquidity to the order book. However, by executing the order as a taker, you can ensure a faster execution speed and immediate fulfillment of your trade. It's important to consider the trade-off between transaction fees and execution speed when choosing between being a taker or a maker.
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• Mar 24, 2022 · 3 years ago
  Executing the order as a taker instead of selecting 'post only' can result in a higher chance of slippage. Slippage refers to the difference between the expected price of a trade and the price at which the trade is actually executed. As a taker, you are accepting the current market price, which may be slightly different from the price you intended to execute the trade at. This can lead to a less favorable execution price and potentially higher costs for your trade.
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• Mar 24, 2022 · 3 years ago
  When executing an order as a taker, you are consuming liquidity from the order book. This means that your order is matched with existing orders in the order book, potentially causing the order book depth to decrease. By consuming liquidity, you may impact the market and cause price fluctuations. It's important to consider the market conditions and the size of your order when deciding to execute as a taker or a maker. As a general rule, larger orders may have a greater impact on the market compared to smaller orders.
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