Skew Learn
Liquidity and early exits in outcome markets
Understand spreads, available orders, and the limits of exiting before expiry.
Outcome shares can trade before expiry when other participants post matching orders. Available depth and the difference between buy and sell quotes affect the price you may actually receive.
A displayed mark or last price is not an executable offer. If you need the ability to exit early, check the live order book and remember that liquidity and execution are not guaranteed.
Example: a price you see may not be a price you can trade
Suppose the best bid for a share is 0.42 USDC and the best ask is 0.48 USDC. Buying at the ask and immediately selling at the bid would lose 0.06 USDC per share before fees, assuming enough size remains available at both quotes. A mark price between those quotes would not remove the spread. This is a hypothetical illustration, not a current Skew market.
What to check next
Check order-book depth at the size you intend to trade. If your plan requires an early exit, account for the possibility that no matching order is available before expiry.
This is a general explanation. The current contract, quote, and settlement rules in the app govern a trade.
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