Slippage is the difference between the expected price of a cryptocurrency trade and the actual price at which it’s executed. It usually happens in fast-moving or low-liquidity markets, where prices can change quickly before a trade is finalized.
For example, if you place an order to buy a coin at $100 but it fills at $102, that’s 2% negative slippage. It can also work in your favor—positive slippage—if the price moves in a better direction. Slippage is more likely with large orders or during high volatility and is a common part of trading on both centralized and decentralized exchanges.
