What's the Pump.fun slippage and how to configure it?
PreviousWhat metrics should I look for in mirror wallets worth copy trading?NextHow to calculate the Pump.fun slippage %?
Last updated
Last updated
Since OdinBot trades so quickly and Pump.fun tokens are highly volatile, we cannot rely on the current market price to calculate slippage. Instead, OdinBot will look at the price your mirror got and then include your defined slippage.
Example: Wallet A (the wallet you are copying) buys a token at $10 per token. You have your slippage set to 50%. This means you are okay paying up to $15 per token (50% more than Wallet A’s price).
When your trade happens, if the price goes over $15 the trade will stop and will not go through. But if the price stays within your limit, for example $13 - the trade will happen as planned.
The exact slippage will depend on how big the mirror wallet's trade was and how much it moved the market cap.
You can check their trade on the Pump.fun bonding curve and compare to the very next trade to see the exact price impact they had.
Then you can set slippage accordingly in an attempt to catch future trades from that wallet.
When the token's bonding curve is closer to completion, trades will have a lower price impact, so low slippage (5-10%) will often be enough.
When the token's bonding curve is closer to 0%, trades will have a high price impact. If you want to catch these, be sure to set a higher slippage. But also be aware of the risks.