Slippage

Quick definition

The difference between the price you expected and the price your order actually fills at.

Slippage happens when the market moves โ€” or liquidity runs thin โ€” between placing your order and execution. Buy a thin altcoin with a market order and you might pay noticeably more than quoted.

It's worst in low-liquidity markets and during volatile moments. Limit orders cap the price you'll accept; on DEXs you can set a slippage tolerance.

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