Why it happens
Slippage can happen when prices move quickly, liquidity is low or a trade is large relative to the order book.
Why it matters
Slippage can make simple-looking trades more expensive, especially in volatile markets or token swaps.
Related pages
Read about liquidity, market orders and exchange selection.
How to use this term
Use slippage to estimate how much the final execution price can move from the expected quote.
What to check
Check liquidity, order size, route, network congestion and whether a limit order would be safer than a market order.