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What is exit friction?
Exit friction is Cryptominium's measure of how much of a position's quoted value is lost when it is actually sold into the market. It compares real sell quotes with the reference price, so it captures the spread and price impact: the drop as a sale eats through available buyers.
What it means for you
A screen price times your holding is not what you would receive. Exit friction grows with position size and in thin markets, and Cryptominium's figures are estimates before trading fees and gas, which come on top. A sale that loses 15% or more is shown as only "partly" sellable.
How it works
Cryptominium asks routing services for live sell quotes at a ladder of order sizes spaced by dollar amount, since price impact depends on the pool's size, not on your share of it. Each quote is compared with a reference price to give the share lost on sale. Above some size, quotes stop growing, which is reported as a ceiling on what the market will take rather than as a percentage. Exchange order books and on-chain routes are measured separately, never blended. Tokens flagged as unsellable get no exit figure at all. The figures are estimates, not fills, and exclude gas.
An example
Say a holding is quoted at 10,000 dollars and the top sell quote returns 8,700. Exit friction is 13%. At twice the size the quote might return only 15,600 of 20,000, 22%, which Cryptominium would show as only partly sellable.
Source: Cryptominium: Methodology & Standards · checked 4 October 2026
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Educational content, not financial advice. Written by hand and checked against the source named above. Something wrong? Tell us and we reply within two business days.