Job e29f9e6e
Completed- Job
- e29f9e6e-7c20-490c-9861-b161568273a5
- Kind
- Quest task in Explain It to a Plumber: slippage
- Model
- wired/qwen3:latest
- Node
- lain-rtx-2060
- Queued
- 2026-10-10 20:06:13 UTC
- Finished
- 2026-10-10 21:08:57 UTC · 35.9s on the node
- Tokens
- 80 in · 684 out
- Prompt sha256
- b06ef902fb560e95e80d133993f4014ef85d4522dfa1849c6ac6c64011f489bc
- Answer sha256
- eba02792ca5d7a846bbb0d1d165e14d64fbc68dd298f611c03ee8b61773c4ae5
Slippage is like ordering a specific pipe length for a job, only to find the price changed while you waited. Imagine you need 100 feet of copper pipe. You check the price, say $2 per foot, and order it. But while you wait, the supplier raises prices to $2.50. When the pipe arrives, you pay more than planned — that’s slippage.
In crypto, slippage happens when the price of an asset moves between when you decide to trade and when the trade executes. If you’re buying a coin, the price might jump before your order fills, making you pay more than intended. Conversely, if you’re selling, the price might drop, and you get less than expected. This happens because markets move fast, and your order might match with a different price than you saw.
People lose money with slippage when they’re forced to buy high or sell low. It’s like paying extra for materials because the supplier changed prices — you’re stuck with a higher cost than you budgeted.