Swap.bz

Fees & rates

Slippage

Slippage is the difference between the expected price of a trade and the price at which it actually executes.

Caused by market moves between quote and execution or by thin liquidity for large amounts. Small orders on major pairs see almost none.

On Swap.bz

For large amounts, quote first and check the receive amount; splitting very large swaps reduces slippage.

Related terms

Floating rate

A floating-rate swap is executed at the market rate at the moment your deposit is confirmed, so the receive amount can move up or down while you wait.

Liquidity provider

A liquidity provider is the counterparty that actually supplies the destination asset for a swap.

← All 62 terms · Last reviewed