Spread and Depth Agent

The Spread and Depth Agent helps you manage the visible structure of your token market.
It places buy and sell orders around the mid-price to keep the spread under control, maintain two-sided orderbook depth, and reduce large gaps between price levels. The agent operates through your connected exchange account and uses only the balances allocated to it.

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Purpose

A token without structured depth can quickly become unstable. Even small trades may create sharp price movements if the orderbook is thin.
The Spread and Depth Agent helps reduce this problem by maintaining a more consistent orderbook structure. Its goal is simple — to make your token trade smoothly, at any volume level, across any market condition.

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Dashboard Overview

The dashboard shows the current state of a running Spread and Depth Agent.

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Assets Overview

This section shows how your allocated liquidity is distributed between the base asset (TOKEN) and the quote asset (USDT).

• Total Balance — total amount of funds assigned to this agent.
• Available — liquidity that is free and ready for new orders.
• Locked — liquidity currently placed as active orders.
• Distribution Bar — a visual ratio between TOKEN and USDT holdings.

It helps you understand if your capital is balanced or if one side (TOKEN or USDT) is overloaded, indicating potential asymmetry in quoting.

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Progress Overview

This is the most critical part of the dashboard — the performance mirror of your agent. When you configure your Spread and Depth Agent, you define specific targets:

• Spread Target — how wide your spread should be (for example, 2%).
• Ask Side Target (TOKEN) — how much sell-side liquidity you want to hold.
• Bid Side Target (USD) — how much buy-side liquidity you want to hold.

Once the agent is active, the system compares your Target with the Current real-time state.
This is what you see on the chart.

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Understanding Each Metric

• Spread Target vs Current
  • Target — your configured spread goal (the width you want to maintain).
  • Current — the actual live spread in the market right now.
    If the Current value is lower than the Target, it means your market is tighter than planned (high liquidity).
    If it’s higher, spreads have widened — possibly due to volatility or low balances.
• Ask Side Target vs Current
  • Target — desired total token volume you want quoted for sale.
  • Current — how much is actually placed at this moment.
    If Current < Target, your sell-side liquidity is under quota — the market may look thin above current price.
    If Current > Target, you have more tokens listed for sale than intended.
• Bid Side Target vs Current
  • Target — the buy-side budget in quote currency (e.g., USDT).
  • Current — live total of active buy orders.
    If Current < Target, you’re not supporting price zones as planned.
    If Current > Target, you’re holding stronger-than-expected demand on the bid side.

In essence, the Progress Overview answers one question:

Is your market currently matching the parameters you defined — or drifting away from them?

It’s a transparent control panel that shows whether your liquidity setup holds up in real conditions.

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How It Works

The Spread and Depth Agent operates through a continuous cycle of placing, updating, and maintaining balanced liquidity on both sides of the order book. It follows three main control layers:

1. Spread Control — maintains the distance between bids and asks based on your target percentage.
2. Depth Control — ensures each side (bid and ask) has the defined total size across multiple layers.
3. Inventory Balancing — keeps your TOKEN and USDT ratio consistent with the agent’s configuration to avoid overexposure on one side.

Everything runs automatically and reacts to fills or market moves to restore your targets without manual input.

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Benefits

• Stable price behavior — smooth transitions, no large price gaps.
• Consistent liquidity optics — your token always looks alive and active.
• Reduced slippage — traders execute without heavy price impact.
• Fair price discovery — helps external analytics and aggregators reflect accurate pricing.
• Organic market activity — creates a continuous flow of orders and trades.

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Reading the Data

Your agent doesn’t need manual tuning — but you can read the data to understand how healthy your market is. Here’s how to interpret it: Your goal isn’t to constantly change the agent’s setup — it’s to observe whether your defined targets are being sustained, and act only when deviations persist for long periods.

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Practical Example

Imagine your token trades on BTC/USDT, and you allocate:

• 1,000,000 USDT total balance
• 10,000,000,000 TOKEN supply liquidity
• Spread target: 2%
• Depth per side: 2,000 USDT

After activation:

• The agent locks ~700,000 USDT and equivalent TOKEN in active orders.
• Keeps ~300,000 USDT free for adjustments.
• Monitors that both sides stay near 2,000 USDT depth.

You see on the dashboard:

• Spread Target: 2%
• Spread Current: 0.5% (tighter than planned — good liquidity)
• Ask Side Target: 1,000 TOKEN → Current: 2,300 TOKEN
• Bid Side Target: 1,000 USDT → Current: 2,400 USDT

This means the agent is performing above expectations: both sides have more liquidity than planned, and the market is tight and healthy.

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Summary

The Spread and Depth Agent helps you maintain the basic structure of a token market.
It keeps spread and orderbook depth aligned with the parameters you define, while giving you clear visibility into what is happening in real time. You set the targets.
The agent executes through your connected exchange account.
FlowTerminal gives you the dashboard to monitor, adjust, and control the process.