I swapped 160.33 usdt (unified) for 0.0992 eth (unified). At the time the market price for eth unified was about $1601. Doing the math after the swap the actual price I paid for ETH unified was closer to $1616 (160.33 ÷ 0.0992). This is more than the slippage amount which was a fraction of 1% (I can’t remember the exact slippage amount). Can someone help me understand this for future trading purposes? Thank you.
Swapping usdt for eth
I think you really have to do the math before the swap. I believe slippage isn’t from the market price, it’s from the price quoted. Also the liquidity pools affect the local prices.
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Yeah I guess that makes sense. I just assumed it would be at currentarket rate.