I used a limit order on Gate.io, and the executed price differed from the market price. Why are there discrepancies?

Gate.io limit orders may execute at a different price than the market due to various factors.

First, order book liquidity matters because limit orders are only executed when the market reaches the limit price. If the order book is thin at your desired price, it may take time to fill, causing the market price to fluctuate and separating the execution and limit prices.

Market volatility can cause rapid price movements between your limit and execution prices, even with deep order books. This is common in volatile markets where prices can exceed your limit before the order is filled.

Gate.io uses a time-weighted average price (TWAP) algorithm for order execution, which may differ from the market price at order placement. For large limit orders, partial fills at different prices based on order book depth can cause an average execution price different from the limit.

Trading fees, including Gate.io maker and taker fees, can affect execution price. These fees reduce the executed amount, slightly adjusting the price paid or received.

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