Can I lose money to exchange spread without the price changing?

Yes. Crossing a bid-ask spread immediately means the buy and sell executable prices differ. A round trip can lose value even if the mid-market price is unchanged.

The answer

Yes. Crossing a bid-ask spread immediately means the buy and sell executable prices differ. A round trip can lose value even if the mid-market price is unchanged.

What to do next

Calculate the actual buy and sell quotes for the same size and note the spread as a trading cost.

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