Bitcoin Slippage Varies 31-Fold Across Major Exchanges

A recent study published on September 14, 2026, found significant variations in slippage across five major Bitcoin exchanges. Slippage refers to the difference between the expected and actual execution price of market orders.

The study revealed that for a 100,000 euro purchase, the range of slippage varied from about 10.50 euros to nearly 330 euros depending on the exchange. This discrepancy highlights a 31-fold difference in slippage across these exchanges.

The primary cause of this variation is attributed to differences in order book depth, with deeper books absorbing large orders more efficiently and causing less slippage.