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Book
Liquidity quality against the cost of quoting it.
Liquidity quality against the cost of quoting it.
Deepstate against the AMMs trading the same pair, and the basis between them.
NVDA/USDG
| Venue | Volume | Trades | Share |
|---|---|---|---|
| Uniswap v3 | 678,159,351 | 2,086,195 | 79.34% |
| Deepstate | 148,350,717 | 98,383 | 17.36% |
| Uniswap v4 | 28,276,575 | 114,434 | 3.31% |
NVDA/USDG
Basis is the gap between venues, our mid price against Uniswap v3's, while spread is the gap inside our own book, between bid and ask: they measure different things. This uses our mid, not our executed price, so a wide spread (as much as 4 USDG, or about 183 basis points, at times) shows up here as noise around the basis rather than as basis; the spread itself is on the Book tab.