Solana trading glossary
What is slippage in a crypto swap?
Also called: Slippage tolerance, Max slippage
The gap between the price you were quoted and the price your swap fills at. Slippage tolerance is the most you will accept before the swap fails.
Between getting a quote and your transaction landing, other trades can hit the same pool and move the price. Slippage tolerance sets a floor: if you would receive less than the quote minus, say, 1%, the swap fails instead of filling at a worse price.
Volatile and thin tokens often need a higher tolerance to fill at all. The cost is exposure: a high tolerance lets bots that see your pending trade buy ahead of you and sell back into your order, taking the difference. This is called a sandwich.
Why it matters before you trade
Slippage is a cost on top of fees. Keep tolerance as low as will still fill, and treat a token that needs very high slippage as a warning about its liquidity. Slippage is not the same as price impact, which is the move your own trade causes.
How NAVI shows it
NAVI's swap panel on each token's market page uses a 1% slippage tolerance and shows the minimum you will receive at that tolerance in the quote details, next to the price impact, the route and NAVI's fee. Setting your own tolerance, or using the swap advisor's recommended one, is part of the Pro trade page.
Related terms
- Price impactHow far your own trade moves the price in the pool, shown as a percentage of the price before the trade.
- Liquidity poolA pair of token reserves on a decentralized exchange that traders swap against. Its size decides how much you can buy or sell before the price moves.
- Market cap vs FDVMarket cap is price times circulating supply. Fully diluted valuation (FDV) is price times total or maximum supply, including tokens not yet in circulation.
Last reviewed 2026-09-25. NAVI is informational only and nothing here is financial advice.