Slippage
The difference between the price you expected and the price you got.
In plain English
A function of your order size relative to available depth. It is a recurring cost, not an occasional accident.
Example
Expecting a fill at 100 and averaging 100.4 across the order is 0.4 of slippage.
Trading BasicsMarket Structure
See also
Used in these lessons
- Stablecoins and Settlement Risk
- On-Chain versus Exchange Trading
- Crypto Volatility and Round-the-Clock Markets
- Liquidity and Order Flow Basics
- Ranges, Consolidation and Breakouts
- Market Sessions and When Liquidity Appears
- Volatility and Average Range
- Volume and What It Confirms
- How Orders Work
- Costs of a Round Trip
- Demo Accounts and Paper Trading
- Overtrading and Revenge Trading
- Position Management and Scaling