The image on the left is mostly uncropped. It’s hard to tell because of the fading, but the frame ends at the bottom (where the text begins), then there is a space and then the top of the next frame. At the top of the frame is another space and then the bottom of the previous frame, though this was cropped out of the preview. Top and bottom were cropped correctly for the finished version on the right.
Without cropping or resizing it looks like this:
Easier to see the frame spacing here: