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Market Depth formula

Fillp
=
(Lv1 * Lp1) + (Lv2..*)RV
Where
Fillp = Executed Price
Lv = Layer Volume
Lp = Layer Price
RV = Requested Volume

Example

Requested Volume 10 Lots Buy BTC (entering the Market)

Market Depth Buy Side

LayersBuy VolumePrice
32.269778.75
26.339775.83
11.419773.79
Fillp
=
(1.41 * 9773.79) + (6.33 * 9775.83) + (2.26 * 9778.75)10
Fillp
=
(13,781) + (61,881) + (22,100)10
Fillp
=
(97,762)10
Fillp
=
9,776.20

Requested Volume 10 Lots Sell BTC (exiting the Market)

Market Depth Sell Side

LayersSell VolumePrice
35.359765.88
23.519768.75
11.149771.41
Fillp
=
(1.41 * 9771.41) + (3.51 * 9768.75) + (5.35 * 9768.88)10
Fillp
=
(11,139.41) + (34,288.31) + (52,247.46)10
Fillp
=
(97,675.18)10
Fillp
=
9,767.52

TRADE WITH AN ADVANTAGE