Max Slippage sets a threshold on the acceptable difference between the trigger price and the executed price of a trade. If the current trading price exceeds this threshold, the order will be fully canceled by the system to prevent execution at unfavorable prices.

Example: For BTCUSDT.PERP with a max slippage of 0.25%:

Trigger Price: 30,000
Long Position Slippage: 30,000 * 1.0025 = 30,075
Short Position Slippage: 30,000 * 0.9975 = 29,925
If the current price exceeds these thresholds, the order will be canceled.