What Is Slippage?
The difference between the price you expected and the price you actually got. Slippage grows with order size and shrinks with market liquidity. Market orders in fast conditions are the main source of slippage costs.
Related Terms
- Liquidity How easily an asset can be bought or sold without moving its price.
- Order Book The live list of all outstanding buy orders, called bids, and sell orders, called asks, for a market.
- Market Order An order that executes immediately at the best available price.
Where You Will Meet This Term
You will run into slippage constantly on any futures exchange, from the order panel to the position dashboard. If you are still building your foundation, our guides on leverage, liquidation and risk management connect the vocabulary into an actual trading process, and the full glossary covers every other term you will encounter.