Execution and market mechanics
Execution is where a research idea meets real liquidity and real costs. This category covers pooled liquidity and bonding curves, the difference between slippage and price impact, every cost in a round trip, and a structured way to diagnose a failed buy or sell.
Reading order
- 01
Slippage and price impact answer different questions
Being checkedbeginnerPrice impact is how much your own buy moves the price. Slippage is the price changing before your trade goes through. They have different fixes.
8 min read · updated 2 Oct 2026 · prerequisites: Basic familiarity with swapping tokens.
- 02
Count every cost in a round trip before you need the move
Needs sourcesbeginnerBuying and selling both cost money: platform fees, pool fees, network fees and failed attempts. Add them all up to see how far the price must rise just to break even.
9 min read · updated 2 Oct 2026 · prerequisites: Slippage and price impact.
What to learn next
Finished this category? Continue through a learning path to apply it in order, or look up unfamiliar vocabulary in the glossary.