Module 6 · Execution
Execution & mechanics
Fees, slippage, the liquidation engine, stop hunting, and exchange risk management.
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Fee impact calculator
Learn
Strategy is irrelevant if execution bleeds you dry. Fees, order types, slippage, and the liquidation engine determine whether a theoretically profitable strategy actually makes money.
Practice
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Recall0/1
Recall
Switching from taker to maker orders mainly reduces…
Maker vs taker
Learn
Maker order (limit)
- Typical fee
- 0.00–0.02%
- Fill guarantee
- Not guaranteed
- Slippage
- Zero
- Best for
- Planned entries, carries
Taker order (market)
- Typical fee
- 0.04–0.06%
- Fill guarantee
- Immediate
- Slippage
- Yes — on thin books
- Best for
- Stop-losses, urgent exits
Use takers for stops — a stop that doesn't fill is catastrophic. The fee cost is trivial by comparison. For planned entries, post 1–2 ticks inside the spread and let the exchange reward you for making liquidity.
Recall0/1
Recall
Which order type should a stop-loss use?
Exchange safety checklist
Learn
The biggest losses in crypto often aren't from bad trades — they're from the venue failing. Run this checklist before trusting an exchange with size, and cap exposure per venue.
Practice
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