# Slippage

> The gap between the price you expected when you placed a trade and the price you actually got.

Canonical URL: https://fudfomo.co/glossary/slippage
Source: What The Block! Dictionary v1.0 (last updated 2026-04-25), browsable at https://wtb.fudfomo.co.

## Definition

Slippage is the difference between the quoted price of a trade and the real price when it executes. It happens because prices move while your transaction is waiting to be confirmed, especially in less liquid markets.

Most crypto wallets and exchanges let you set a maximum slippage. If the price moves more than that, the trade fails instead of going through at a worse rate.

## Related terms

- [Liquidity Pool](https://fudfomo.co/glossary/liquidity-pool): A shared pot of two tokens that lets people trade between them on a decentralised exchange.
- [DEX](https://fudfomo.co/glossary/dex): A decentralised exchange. Trade crypto directly from your wallet, without an account.
- [MEV](https://fudfomo.co/glossary/mev): Extra profit that validators or specialised bots can earn by reordering or inserting transactions in a block.

## See the full catalogue

What The Block! covers more than 2,000 plain-English crypto terms, delivered as embeddable hover-state tooltips for crypto exchanges. https://wtb.fudfomo.co