RiskBeginner
Slippage
The difference between the expected price of a trade and the actual execution price, which can be positive or negative.
Last updated: February 1, 2026
1
A trader submits an order at a specific requested price.
2
During the time between order submission and execution, the market price moves.
3
The order executes at the new market price, which differs from the requested price.
4
If the execution price is worse than requested, it's negative slippage; if better, it's positive slippage.
5
Slippage is measured in pips or basis points and is a key component of total execution cost.