Buying and selling

Quotes, slippage, and what the ticket shows.

Quotes

On the curve the ticket quotes with Meteora's own SDK on the pool's current state: the fee schedule, the curve's segments, its end. It is the same arithmetic the program runs, so the quote is the trade, give or take other people's trades landing first. After graduation the quote is an estimate from the pool's reserves; the pool settles the exact figure, within your slippage.

Slippage

Every order carries a minimum: 1% under the quote. If other trades move the price past that before yours lands, the transaction fails and nothing is spent but the network fee. The details line on the ticket shows the minimum, the fee and the price impact.

Balances and Max

Max on a buy leaves 0.01 SOL for fees and the wrapped-SOL account's rent. On a sell it fills the exact token balance, and an amount within a hair of the balance sells all of it, so a rounded figure never leaves dust behind.