BRVX Glossary · Slippage · Updated September 24, 2026
Slippage is the difference between the price a trader expects when placing an order and the price at which it actually fills. It happens when the price moves between the order and the fill, or when there is not enough liquidity at the expected price, and it can work for or against the trader.
The formula
Slippage Fill price − Expected price
Fast markets and thin order books widen the gap between the price you saw and the price you got.
How it works
- Expected Price on screen
- Market moves Or liquidity thins
- Fill Actual price
How to calculate it
Slippage = (fill price − expected price) ÷ expected price. For a buy, a positive result is a cost; for a sell, a negative one is. On a leveraged position the cost is charged on the full notional: 0.2% slippage on a 5,000 USDT position is 10 USDT, which is 10% of a 100 USDT margin at 50x.
When slippage is largest
- Fast markets, such as around major economic releases.
- Thin markets and large orders relative to the available liquidity.
- Market and stop-market orders, which accept the next available price.
- Forced closes, including liquidations, which are executed at market.
Limiting it
A limit order caps slippage by refusing a worse price, at the cost of possibly not filling. Smaller orders, liquid markets and avoiding the seconds around scheduled news reduce it. It cannot be removed entirely from any order that must fill immediately.
Questions about Slippage
Is slippage always bad?
No. Positive slippage fills an order at a better price than expected; it is simply less noticed.
Do limit orders have slippage?
No. A limit order fills at the limit price or better, or not at all.
Why does a stop-loss slip?
Because a triggered stop-market order takes the next available price, which in a fast move can be past the stop level.
Slippage: next steps on BRVX
Slippage on SAMSUNG/USDT: market orders with TP / SL triggers only, 0.05% per side, 0.1% a round trip, up to 100x.
Read next: Market vs limit order, Day trading and Bid-ask spread.
Leverage works both ways: a small move against you can lose you the whole margin.
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