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Orders and events
An order book records outstanding buy and sell orders, including price and quantity. Additions, cancellations and executions change that state. Different event paths can produce the same displayed totals, while leaving a particular order with different quantities ahead of it in the queue.
Read the preprint overviewPreliminary observations
The QNTUSDT material reviews seven historical quote snapshots. Read the transcribed values alongside the calculation conventions, source notes and limitations.
Read the preliminary noteReproducible examples
Aurora Lab uses constructed inputs to make assumptions about event order and queue priority visible. Change one condition, compare the result and inspect the accompanying explanation.
Open Aurora Lab