Exchanges· ★★· neutral·

DefiLlama launches realized slippage metric for perpetual futures

  • The metric snapshots the order book before a market order and compares the theoretical price with the actual one
  • Rising realized slippage indicates liquidity withdrawal or changing execution conditions
  • 0xngmi: market makers often pull liquidity right before an order is executed
  • The metric launched September 16 for trading platforms
Why it matters: The tool gives traders a way to gauge real execution quality on exchanges, not just the advertised depth of the order book.
Source: TokenPost