Decoded Intelligence Signal
Bid-Ask Spread
intermediate
market_structure
Verified: May 26, 2026Lexicon Core Definition
The difference between the current best ask price and the current best bid price — the explicit cost of immediately executing a trade. A taker pays half the spread on entry and half on exit; tighter spreads indicate higher liquidity.
Analysis Breakdown
The difference between the current best ask price and the current best bid price — the explicit cost of immediately executing a trade. A taker pays half the spread on entry and half on exit; tighter spreads indicate higher liquidity. Full explanation coming soon when Journey 12 content is ingested.