Time-weighted average price — an execution method that slices one large order into small pieces spread evenly over a period.
Last verified 13 September 2026 · written by the DexLadder team
What it means
Time-weighted average price — an execution method that slices one large order into small pieces spread evenly over a period.
Why it matters when you trade
TWAP exists because size is visible and visibility is expensive. Rather than eating the book in one bite, you take small bites and let resting liquidity replenish between them, paying something closer to the average price over the window instead of the worst price in it. The cost is exposure to drift: if the market trends against you during the window, patience is what you paid.
Worked example
A $60,000 buy split into 12 slices of $5,000 every five minutes costs a fraction of the impact of the single order, provided price does not run during the hour.
See it on live markets
DexLadder runs twap against live market and pool data, with simulated capital, so you can watch it act on an order instead of reading about it — no account, no wallet, nothing installed.