Slippage & price impact

Slippage and price impact are closely related, but they are not the same thing. Slippage refers to the difference between the price you expect and the price you actually receive. Price impact describes how much your trade itself moves the market price.

In Orbit Finance, price impact is minimised by design. Because liquidity is spread across bins at fixed prices, small and medium trades often execute entirely within one or a few bins. As long as there is enough liquidity at those levels, the price you see is the price you get. This is especially noticeable in balanced, bid-ask, and spot pools where liquidity is intentionally placed on both sides of the current price.

Slippage only occurs when a trade consumes multiple bins and moves into higher or lower price levels. Orbit Finance protects traders by letting you set a minimum acceptable output. If the market moves too far during execution or liquidity is insufficient, the transaction fails rather than filling at a worse price. This makes slippage a conscious choice, not a surprise.