Slippage in crypto refers to the difference between the expected price of a trade and the actual price at which it is executed. This phenomenon typically occurs during periods of high volatility, low liquidity, or when large orders are placed, causing price fluctuations between the moment a trader places an order and when it gets filled. Slippage can be both positive (resulting in a better price) or negative (leading to a worse price than expected). In cryptocurrency trading, slippage can occur in both and , however, it is particularly common in DEXs due to price variations in and .