What is slippage in crypto trading?
Short answer
Slippage is the difference between the price you expected and the price you actually received, caused by the pool moving while your trade executes. Your slippage tolerance is the maximum movement you will accept before the trade cancels.
On thin memecoin pools, slippage is often the biggest hidden cost of a trade. Set tolerance too low and your transaction fails; set it too high and bots can sandwich you for a worse fill.
Related questions
What slippage setting should I use?
It depends on the pool and your size. Thin pools and fast markets need more tolerance just to fill; deep pools should use low tolerance to avoid sandwiching. There is no single correct number.
Why did my transaction fail?
Often because the price moved more than your slippage tolerance allowed, so the swap reverted. You still pay the network fee on a failed transaction.
How is slippage different from price impact?
Slippage includes movement from other traders; price impact is the portion caused by your own trade size relative to liquidity. Both worsen your fill.
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