{
  "status": "synthetic",
  "example_created_at": "2026-09-29T00:00:00.000Z",
  "note": "Invented inputs for reproducible calculation. Not an EX.IO price or an executable quote.",
  "inputs": {
    "book": {
      "quote_currency": "USD",
      "clocks": {
        "source_at": "2026-09-29T00:00:00.000Z"
      },
      "bids": [
        {
          "price": "0.999",
          "quantity": "400"
        },
        {
          "price": "0.998",
          "quantity": "800"
        }
      ],
      "asks": [
        {
          "price": "1.001",
          "quantity": "600"
        },
        {
          "price": "1.002",
          "quantity": "500"
        }
      ]
    },
    "reference": {
      "value": "1",
      "currency": "USD",
      "effective_at": "2026-09-29T00:00:00.000Z"
    }
  },
  "calculations": [
    {
      "comparison": {
        "bid_premium_discount_bps": "-10.000000",
        "ask_premium_discount_bps": "10.000000",
        "midpoint": "1",
        "midpoint_premium_discount_bps": "0.000000",
        "spread_bps": "20.000000",
        "reference_currency": "USD",
        "conversion": "identical_currency_no_conversion",
        "reason": null,
        "time_skew_s": 0
      },
      "size_calculation": {
        "scope": "observed_book_calculation",
        "side": "sell",
        "requested_quantity": "1000",
        "observed_filled_quantity": "1000",
        "unfilled_quantity": "0",
        "gross_value": "998.4",
        "gross_currency": "USD",
        "vwap": "0.998400000000000000",
        "net_value": null,
        "consumed_levels": [
          {
            "price": "0.999",
            "quantity": "400",
            "gross_value": "399.6"
          },
          {
            "price": "0.998",
            "quantity": "600",
            "gross_value": "598.8"
          }
        ],
        "status": "observed_quantity_covered",
        "reason": null
      },
      "fees": {
        "components": [],
        "completeness": "unknown",
        "net_value": null,
        "reason": "ALL_IN_FEES_UNKNOWN"
      }
    },
    {
      "comparison": {
        "bid_premium_discount_bps": "-10.000000",
        "ask_premium_discount_bps": "10.000000",
        "midpoint": "1",
        "midpoint_premium_discount_bps": "0.000000",
        "spread_bps": "20.000000",
        "reference_currency": "USD",
        "conversion": "identical_currency_no_conversion",
        "reason": null,
        "time_skew_s": 0
      },
      "size_calculation": {
        "scope": "observed_book_calculation",
        "side": "buy",
        "requested_quantity": "1000",
        "observed_filled_quantity": "1000",
        "unfilled_quantity": "0",
        "gross_value": "1001.4",
        "gross_currency": "USD",
        "vwap": "1.001400000000000000",
        "net_value": null,
        "consumed_levels": [
          {
            "price": "1.001",
            "quantity": "600",
            "gross_value": "600.6"
          },
          {
            "price": "1.002",
            "quantity": "400",
            "gross_value": "400.8"
          }
        ],
        "status": "observed_quantity_covered",
        "reason": null
      },
      "fees": {
        "components": [],
        "completeness": "unknown",
        "net_value": null,
        "reason": "ALL_IN_FEES_UNKNOWN"
      }
    },
    {
      "comparison": {
        "bid_premium_discount_bps": "-10.000000",
        "ask_premium_discount_bps": "10.000000",
        "midpoint": "1",
        "midpoint_premium_discount_bps": "0.000000",
        "spread_bps": "20.000000",
        "reference_currency": "USD",
        "conversion": "identical_currency_no_conversion",
        "reason": null,
        "time_skew_s": 0
      },
      "size_calculation": {
        "scope": "observed_book_calculation",
        "side": "sell",
        "requested_quantity": "1500",
        "observed_filled_quantity": "1200",
        "unfilled_quantity": "300",
        "gross_value": "1198",
        "gross_currency": "USD",
        "vwap": "0.998333333333333333",
        "net_value": null,
        "consumed_levels": [
          {
            "price": "0.999",
            "quantity": "400",
            "gross_value": "399.6"
          },
          {
            "price": "0.998",
            "quantity": "800",
            "gross_value": "798.4"
          }
        ],
        "status": "partial_depth",
        "reason": "INSUFFICIENT_OBSERVED_DEPTH"
      },
      "fees": {
        "components": [],
        "completeness": "unknown",
        "net_value": null,
        "reason": "ALL_IN_FEES_UNKNOWN"
      }
    }
  ]
}