Skew Learn
How to read Yes and No prices
Read a quoted share price alongside its possible payout and trading costs.
A Yes or No share refers to one listed outcome. Its displayed price is the cost offered by the current market, not a guaranteed probability or a promise of profit.
For an ordinary binary settlement, a winning share pays $1 and a losing share pays $0. Compare that payout with the purchase cost, fees, spread, and the contract's special or void terms before placing an order.
Example: calculate payout separately from profit
At a hypothetical offer of 0.38 USDC, one fully paid Yes share costs 0.38 USDC before any applicable costs. Under ordinary binary settlement it would redeem for 1 USDC if Yes wins, giving 0.62 USDC of gross profit before costs, or for zero if Yes loses, losing the 0.38 USDC purchase cost. A displayed midpoint or last trade is not necessarily the price at which you can buy or sell.
What to check next
Check the live ask, available size, fees, spread, and void or fallback rules. A 0.38 quote is a market price, not a calibrated 38% probability or a forecast from Skew.
This is a general explanation. The current contract, quote, and settlement rules in the app govern a trade.
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