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feat(perps): add perps slippage controls#30125

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feat/tat-1043-add-perps-slippage-controls
May 21, 2026
Merged

feat(perps): add perps slippage controls#30125
abretonc7s merged 39 commits into
mainfrom
feat/tat-1043-add-perps-slippage-controls

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@abretonc7s abretonc7s commented May 13, 2026

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Description

Add user-configurable max slippage and live estimated slippage to the Perps order screen for market orders, with a client-side block when the estimate exceeds the user's cap. Matches HyperLiquid's native UX (max slippage applies to market orders placed from the order form only).

What this PR ships

  • New Max slippage row on the order form, visible on market orders only. Tapping opens a config bottom sheet with quick-pick presets (0.5%, 2%, 3%) and a keypad-driven custom sheet (range 0.1%–10%, 10 bps step).
  • Max slippage persisted globally as a user preference in PerpsController state (basis points, default 300 bps = 3%).
  • Live estimated slippage computed from the HyperLiquid L2 order book via VWAP: walks asks (BUY) or bids (SELL) up to the requested USD notional and reports the weighted-average fill price's distance from the mid-price. Displayed in the slippage row as Est: X% / Max: Y%.
  • Client-side block on market orders whose estimated slippage exceeds the configured cap. Submit is blocked, a toast explains why, and a slippage_limit_blocked_order event fires.
  • User-configured maxSlippageBps is wired through to the HyperLiquid order: market-order limit price = currentPrice * (1 ± maxSlippageBps / 10000). The first commit on this branch fixed a trap where the order screen set bps while the limit-price math read a separate (always-undefined) slippage decimal field, so the user's setting silently fell back to a hardcoded 3%. The second commit collapses both fields into a single maxSlippageBps.
  • MetaMetrics: slippage_config_opened, slippage_config_changed, and new slippage_limit_blocked_order interaction types; max_slippage_pct, max_slippage_source (default / user_configured), and estimated_slippage_pct properties.

All slippage values are stored internally as basis points (integers). Display converts to percentage only at the UI boundary.

How slippage is applied (parity with HyperLiquid native)

Path Our value HyperLiquid native
Market order — order form User-configured maxSlippageBps, default 300 bps (3%) User-configurable
Limit order None — user-provided limit price used directly Same
TP/SL trigger (market execution) Hardcoded 1000 bps (10%) via DefaultTpslSlippageBps 1000 bps (10%)
Close position (market) Hardcoded 300 bps (3%) via DefaultMarketSlippageBps 800 bps (8%)

Close-position slippage is hardcoded and out of scope for this story per Jira §4: "Slippage on position close / add margin flows" is explicitly excluded. Alignment to HL's 8% can be a small follow-up if desired.

Acceptance criteria coverage

  • AC1 — Estimated slippage shown ✓ (VWAP from live order book)
  • AC2 — Max slippage tap-to-configure with bottom sheet ✓
  • AC3 — Setting persists across sessions ✓
  • AC4 — Default 3% ✓
  • AC5 — Order blocked when estimate exceeds max ✓ (client-side, with toast + analytics event)
  • AC6 — Order success rate guardrail — to verify post-rollout via Mixpanel

Out of scope (per Jira §4)

  • Per-asset / per-leverage overrides.
  • TP/SL slippage configuration (execution slippage hardcoded; no user control).
  • Slippage configuration on position close / add margin flows.
  • Any change to order routing — this PR is UI + persisted config + a client-side guard.

Changelog

CHANGELOG entry: Added estimated slippage and a configurable max slippage preference for perps market orders, with submission blocked when the estimate exceeds the configured cap.

Related issues

Fixes: https://consensyssoftware.atlassian.net/browse/TAT-1043

Manual testing steps

Feature: Perps slippage visualization, configuration, and block

  Scenario: user sees estimated slippage on market order
    Given user is on the perps order screen with a market order and amount entered
    When the order form renders
    Then a "Slippage" row shows `Est: X% / Max: 3%` (X computed from live book depth)
    And the value updates as the order amount changes

  Scenario: user configures max slippage via preset
    Given user is on the perps order screen
    When user taps the "Slippage" row
    Then a bottom sheet opens with quick-pick chips (0.5%, 2%, 3%) and an Edit chip
    When user selects "2%" and taps Set
    Then the row updates to `Est: X% / Max: 2%` and the value persists across sessions

  Scenario: user configures max slippage via custom keypad
    Given the slippage bottom sheet is open
    When user taps the Edit chip
    Then a custom-value sheet opens with `−`/`+` controls and a numeric keypad
    When user enters a value outside 0.1–10% range
    Then an error message appears and Set is disabled
    When user enters a valid value (e.g. 5) and taps Set
    Then the row updates to `Est: X% / Max: 5%` and persists

  Scenario: market order uses configured slippage
    Given max slippage is configured to 5%
    When user places a market BUY at $50,000 spot
    Then the HyperLiquid order is submitted with limit price ≈ $50,000 * 1.05 = $52,500

  Scenario: order blocked when estimated slippage exceeds max
    Given user has set max slippage to 0.1%
    And the order size is large enough that estimated slippage > 0.1%
    When user taps Place Order
    Then the order is NOT submitted
    And a toast explains "Estimated slippage exceeds your max"
    And a `slippage_limit_blocked_order` MetaMetrics event fires

  Scenario: limit order ignores max slippage
    Given user is on the perps order screen with a limit order
    When the form renders
    Then the Slippage row is hidden
    And the order uses the user-provided limit price untouched

Screenshots/Recordings

Before

Slippage UI was a single Max slippage row inside the leverage/details box with an inline text-input bottom sheet — no preset chips, no DS chip styling, and the user-configured value did not reach HyperLiquid (silent 3% fallback).

After

Order form (default 3%) Main slippage sheet
order-default main-sheet
Slippage row sits above Fees with Est: 0% / Max: 3% ✏️. BodySM size hierarchy on Margin / Liquidation / Slippage / Fees. Flex spacer pins the info block to the bottom of the scroll view. DS ButtonFilter chips 0.5% / 2% / 3% (3% active), trailing edit pill, Set footer.
Custom slippage sheet Order form after Set 5%
custom-sheet order-5pct
Title Use custom slippage. Centered value with blinking cursor, evenly spaced / + ButtonIcon controls, full keypad, Cancel / Set footer. Snaps and clamps to 10–1000 bps in 10 bps steps. Row updates to Est: 0% / Max: 5% ✏️. Persistence verified via recipe: controller persists 500 bps after Set.

Validation Recipe

recipe.json — slippage UI visibility, config sheet, persistence, default value
{
  "title": "TAT-1043: Slippage visualization and configuration",
  "schema_version": 1,
  "description": "Validates slippage UI on perps market order: default 3% max slippage, slippage row visible, config sheet opens and changes value, persistence of the user's selection.",
  "validate": {
    "workflow": {
      "pre_conditions": ["wallet.unlocked", "perps.ready_to_trade"],
      "setup": [
        { "id": "setup-nav-home", "action": "navigate", "target": "PerpsHomeView" }
      ],
      "entry": "ensure-testnet",
      "nodes": {
        "ensure-testnet": { "action": "call", "ref": "perps/setup-testnet", "next": "check-default-slippage" },
        "check-default-slippage": { "action": "eval_sync", "expression": "(function(){var ctrl=Engine.context.PerpsController;var val=ctrl.getMaxSlippage();return JSON.stringify({defaultBps:val===undefined?300:val,isDefault:val===undefined||val===300})})()", "assert": { "operator": "eq", "field": "isDefault", "value": true }, "next": "clear-btc-position" },
        "clear-btc-position": { "action": "eval_async", "expression": "Engine.context.PerpsController.getPositions().then(function(ps){var p=ps.find(function(x){return x.symbol==='BTC'});if(!p)return JSON.stringify({cleared:true});return Engine.context.PerpsController.closePosition({symbol:'BTC'}).then(function(){return JSON.stringify({cleared:true})})})", "assert": { "operator": "eq", "field": "cleared", "value": true }, "next": "wait-btc-clear" },
        "wait-btc-clear": { "action": "wait", "duration_ms": 2000, "next": "nav-to-btc" },
        "nav-to-btc": { "action": "wait_for", "test_id": "perps-market-row-item-BTC", "timeout_ms": 8000, "next": "press-btc-row" },
        "press-btc-row": { "action": "press", "test_id": "perps-market-row-item-BTC", "next": "wait-side-button" },
        "wait-side-button": { "action": "wait_for", "test_id": "perps-market-details-long-button", "timeout_ms": 8000, "next": "press-long" },
        "press-long": { "action": "press", "test_id": "perps-market-details-long-button", "next": "wait-amount" },
        "wait-amount": { "action": "wait_for", "test_id": "perps-amount-display-touchable", "timeout_ms": 10000, "next": "press-amount" },
        "press-amount": { "action": "press", "test_id": "perps-amount-display-touchable", "next": "wait-keypad" },
        "wait-keypad": { "action": "wait_for", "test_id": "perps-order-view-keypad", "timeout_ms": 5000, "next": "clear-keypad" },
        "clear-keypad": { "action": "clear_keypad", "count": 8, "next": "type-amount" },
        "type-amount": { "action": "type_keypad", "value": "10", "next": "press-done" },
        "press-done": { "action": "press", "test_id": "perps-order-view-keypad-done", "next": "wait-order-form" },
        "wait-order-form": { "action": "wait_for", "test_id": "perps-order-view-place-order-button", "timeout_ms": 15000, "next": "wait-slippage-row" },
        "wait-slippage-row": { "action": "wait_for", "test_id": "perps-order-view-slippage-value", "timeout_ms": 10000, "next": "screenshot-row" },
        "screenshot-row": { "action": "screenshot", "filename": "evidence-slippage-visible.png", "note": "Market order form showing slippage row (3% default)", "next": "check-max-display" },
        "check-max-display": { "action": "wait_for", "test_id": "perps-order-view-slippage-row", "timeout_ms": 5000, "next": "open-config" },
        "open-config": { "action": "press", "test_id": "perps-order-view-slippage-row", "next": "wait-config-sheet" },
        "wait-config-sheet": { "action": "wait_for", "test_id": "perps-slippage-config-input", "timeout_ms": 5000, "next": "screenshot-config" },
        "screenshot-config": { "action": "screenshot", "filename": "evidence-slippage-config-sheet.png", "note": "Slippage config bottom sheet open with input field and quick-pick presets", "next": "change-value" },
        "change-value": { "action": "set_input", "test_id": "perps-slippage-config-input", "value": "5", "next": "save-value" },
        "save-value": { "action": "press", "test_id": "perps-slippage-config-save", "next": "wait-sheet-close" },
        "wait-sheet-close": { "action": "wait", "duration_ms": 1000, "next": "verify-persisted" },
        "verify-persisted": { "action": "eval_sync", "expression": "(function(){var ctrl=Engine.context.PerpsController;var val=ctrl.getMaxSlippage();return JSON.stringify({bps:val,isPersisted:val===500})})()", "assert": { "operator": "eq", "field": "isPersisted", "value": true }, "next": "screenshot-updated" },
        "screenshot-updated": { "action": "screenshot", "filename": "evidence-slippage-changed.png", "note": "Order form now shows max slippage updated to 5% after config change", "next": "restore-default" },
        "restore-default": { "action": "eval_sync", "expression": "(function(){Engine.context.PerpsController.setMaxSlippage(300);var val=Engine.context.PerpsController.getMaxSlippage();return JSON.stringify({restored:val===300})})()", "assert": { "operator": "eq", "field": "restored", "value": true }, "next": "done" },
        "done": { "action": "end", "status": "pass" }
      },
      "teardown": [
        { "id": "teardown-restore-slippage", "action": "eval_sync", "expression": "(function(){Engine.context.PerpsController.setMaxSlippage(300);return JSON.stringify({clean:true})})()", "assert": { "operator": "not_null" } },
        { "id": "teardown-nav-home", "action": "navigate", "target": "PerpsHomeView" }
      ]
    }
  }
}

Validation Logs

Command:

IOS_SIMULATOR=mm-3 node scripts/perps/agentic/validate-recipe.js .task/feat/tat-1043-0513-225508/artifacts/recipe.json
Full output (all steps passed)
[check-default-slippage] result: {"defaultBps":300,"isDefault":true} PASS
[clear-btc-position] result: {"cleared":true} PASS
[nav-to-btc] result: {"visible":true} PASS
[press-btc-row] result: {"ok":true} PASS
[wait-side-button] result: {"visible":true} PASS
[press-long] result: {"ok":true} PASS
[wait-amount] result: {"visible":true} PASS
[press-amount] result: {"ok":true} PASS
[wait-keypad] result: {"visible":true} PASS
[clear-keypad] result: {"ok":true,"deleted":8} PASS
[type-amount] result: {"ok":true,"value":"10"} PASS
[press-done] result: {"ok":true} PASS
[wait-order-form] result: {"visible":true} PASS
[wait-slippage-row] result: {"visible":true} PASS
[screenshot-row] PASS
[check-max-display] result: {"visible":true} PASS
[open-config] result: {"ok":true} PASS
[wait-config-sheet] result: {"visible":true} PASS
[screenshot-config] PASS
[change-value] result: {"ok":true,"value":"5"} PASS
[save-value] result: {"ok":true} PASS
[wait-sheet-close] PASS
[verify-persisted] result: {"bps":500,"isPersisted":true} PASS
[screenshot-updated] PASS
[restore-default] result: {"restored":true} PASS

Recipe: PASS

Pre-merge author checklist

Performance checks (if applicable)

  • I've tested on Android
  • I've tested with a power user scenario
  • I've instrumented key operations with Sentry traces for production performance metrics

Pre-merge reviewer checklist

  • I've manually tested the PR (e.g. pull and build branch, run the app, test code being changed).
  • I confirm that this PR addresses all acceptance criteria described in the ticket it closes and includes the necessary testing evidence such as recordings and or screenshots.

Note

High Risk
High risk because it changes market-order execution parameters (limit-price buffering) and introduces a new client-side block path that can prevent order submission; it also adds persisted controller state used during trading.

Overview
Adds a Slippage row to the Perps order form (market orders only) showing live VWAP-based estimated slippage from the L2 order book alongside a user-configurable max cap, and opens a new bottom-sheet flow (quick-picks + custom keypad) to update that cap.

Persists maxSlippageBps in PerpsController with new getMaxSlippage/setMaxSlippage actions (clamped/snapped to bounds), wires the cap through order placement/editing to HyperLiquid via maxSlippageBps (with backward-compatible normalization of deprecated decimal slippage), and blocks placeOrder when the estimate exceeds the configured cap (toast + new MetaMetrics properties/events).

Reviewed by Cursor Bugbot for commit df3225c. Bugbot is set up for automated code reviews on this repo. Configure here.

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CLA Signature Action: All authors have signed the CLA. You may need to manually re-run the blocking PR check if it doesn't pass in a few minutes.

@github-actions github-actions Bot added the pr-not-ready-for-e2e Skip E2E and block merging. Remove this label once the PR is ready to run the E2E tests. label May 13, 2026
@metamaskbotv2 metamaskbotv2 Bot added the team-perps Perps team label May 13, 2026
Store max slippage as basis points (integers) in PerpsController state.
Show estimated slippage from order book VWAP on market orders, with
configurable max slippage via bottom sheet. Block orders that exceed
the user's max slippage setting.
Tests cover bps/pct conversion, display formatting edge cases, and
order book VWAP slippage computation for both long/short directions
including insufficient liquidity and invalid data handling.
- Replace magic number 100 with ORDER_SLIPPAGE_CONFIG.DefaultLimitSlippageBps
- Fix MetaMetrics MAX_SLIPPAGE_PCT to send percent instead of raw BPS
- Centralize 4 inline testIDs into PerpsSlippageConfigSelectorsIDs
- Remove unused SLIPPAGE_LIMIT_BLOCKED_ORDER event value
- Add missing OrderBookData/OrderBookLevel fields in test helper
- Add MAX_SLIPPAGE_BOUNDS constant to perpsConfig.ts (MinBps/MaxBps/StepBps)
- Use MAX_SLIPPAGE_BOUNDS in setMaxSlippage() instead of magic numbers
- Derive UI-side slippageConfig.ts bounds from shared constant
- Remove unused MAX_SLIPPAGE_SOURCE and ESTIMATED_SLIPPAGE_PCT event properties
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Run Duration Model Nudges Grade Cost
05bbbda7 (dev, TAT-1043) ? opus / claude 0 ungraded $unknown
Worker report

TAT-1043: Slippage Visualization and Configuration — Report

Summary

Added slippage visualization and configuration to the perps market order screen. Users see estimated slippage computed from live order book depth (VWAP), can configure max slippage (0.1%-10%, default 3%) via a bottom sheet, and orders exceeding the configured max are blocked client-side.

Changes

File Role
PerpsController.ts maxSlippageBps state field (persist:true), getMaxSlippage(), setMaxSlippage()
PerpsController-method-action-types.ts Action types for new controller methods
PerpsOrderView.tsx Slippage rows (max + estimated), config sheet integration, order blocking
PerpsSlippageBottomSheet/ (3 files) Config bottom sheet component with input, quick picks, save
useEstimatedSlippage.ts VWAP slippage computation from live order book
slippageConfig.ts Constants (bps), conversion helpers
slippageFormat.ts Display formatter for slippage percentage
eventNames.ts MetaMetrics event properties and interaction types
en.json Localization strings
Perps.testIds.ts Test IDs for slippage UI elements
hooks/index.ts Barrel export for new hook
PerpsBottomSheetTooltip.types.ts + contentRegistry.ts Tooltip content key for slippage

Test Plan

  • Unit tests: 3 suites, 26 tests (slippageConfig, slippageFormat, computeSlippagePct)
  • Recipe: 28/28 nodes passed (AC1, AC2, AC3, AC4 validated via CDP)
  • Lint: 0 errors
  • TSC: 0 errors

Evidence

AC Proof Mode Primary Evidence
AC1 — Estimated slippage visible visual evidence-slippage-visible.png
AC2 — Config sheet opens visual evidence-slippage-config-sheet.png
AC3 — Persistence state ac3-verify-persisted recipe node (bps=500)
AC4 — Default 3% state ac4-check-default-slippage recipe node (isDefault=true)
AC5 — Order blocked state exceedsMaxSlippage flag in PerpsOrderView disables submit

Self-Review Fixes

  • PerpsOrderView.tsx:1114 — replaced magic number 100 with ORDER_SLIPPAGE_CONFIG.DefaultLimitSlippageBps
  • PerpsOrderView.tsx:1565 — fixed MetaMetrics MAX_SLIPPAGE_PCT to send bpsToPercent(maxSlippageBps) instead of raw BPS
  • PerpsOrderView.tsx:2100 — same BPS-to-percent fix on config save event
  • PerpsSlippageBottomSheet.tsx — centralized 4 inline testIDs into Perps.testIds.ts (PerpsSlippageConfigSelectorsIDs)
  • eventNames.ts:333 — removed unused SLIPPAGE_LIMIT_BLOCKED_ORDER
  • useEstimatedSlippage.test.ts:9 — added missing OrderBookLevel fields (total, notional, totalNotional) and OrderBookData fields (spread, spreadPercentage, lastUpdated, maxTotal) to fix TSC error

Self-Review Fixes (Round 2)

  • PerpsController.ts:4844 — extracted magic numbers 1000, 10, 10 into MAX_SLIPPAGE_BOUNDS constant in perpsConfig.ts; updated setMaxSlippage() and UI-side slippageConfig.ts to derive from shared source
  • eventNames.ts:157 — removed unused MAX_SLIPPAGE_SOURCE and ESTIMATED_SLIPPAGE_PCT event properties

Ticket

https://consensyssoftware.atlassian.net/browse/TAT-1043

@abretonc7s abretonc7s marked this pull request as ready for review May 14, 2026 06:25
@abretonc7s abretonc7s requested a review from a team as a code owner May 14, 2026 06:25
Comment thread app/components/UI/Perps/Views/PerpsOrderView/PerpsOrderView.tsx Outdated
… (TAT-1043)

When the order book has insufficient liquidity, estimatedSlippagePct is
null and exceedsMaxSlippage evaluated to false, allowing orders through.
Now also blocks when insufficientLiquidity is true.
Comment thread app/components/UI/Perps/Views/PerpsOrderView/PerpsOrderView.tsx Outdated
…ded (TAT-1043)

When insufficientLiquidity is true, estimatedSlippagePct is null so
the error previously showed "0%" which is misleading. Now shows
"Insufficient liquidity to fill this order within your max slippage".
Comment thread app/components/UI/Perps/hooks/useEstimatedSlippage.ts Outdated
- Empty order book side now correctly returns insufficientLiquidity: true
  instead of EMPTY_RESULT (which had insufficientLiquidity: false)
- Removed custom memo comparator from PerpsSlippageBottomSheet that
  omitted onSave/onClose props, causing stale closure risk
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Run Duration Model Nudges Grade Cost
cb8c6577 ? opus / claude 0 ungraded (-) $unknown
Worker report

PR #30125 — Review Comments Report

Summary

  • Total comments: 4 (2 REAL, 2 FALSE POSITIVE, 0 OUT OF SCOPE)
  • Commit SHA for fixes: 69b2d7f
  • Files changed: useEstimatedSlippage.ts, useEstimatedSlippage.test.ts, PerpsSlippageBottomSheet.tsx
  • Recipe re-validation: PARTIAL — CDP connection lost mid-run (Metro timeout). Setup subflow PASS (3/3), AC4 default slippage PASS, navigation nodes PASS. Infrastructure issue, not a code regression.
  • Merge-main status: clean (no conflicts)

Triage

# Author File Triage Action
1 cursor[bot] PerpsOrderView.tsx:534-538 FALSE POSITIVE Already fixed in 764702eexceedsMaxSlippage includes insufficientLiquidity
2 cursor[bot] PerpsOrderView.tsx:1656-1657 FALSE POSITIVE Already fixed in 63d0471 — separate error message for insufficient liquidity case
3 cursor[bot] useEstimatedSlippage.ts:28 REAL Fix: empty levels now returns insufficientLiquidity: true instead of EMPTY_RESULT
4 cursor[bot] PerpsSlippageBottomSheet.tsx:197 REAL Fix: removed custom memo comparator, using default shallow comparison of all props

…erage

SonarCloud quality gate failed with 67.6% new code coverage (80% required).
Add 9 tests covering render, quick picks, validation, save, and error states.
@github-actions github-actions Bot added size-XL and removed size-L labels May 14, 2026
Replace toBeTruthy() with toBeOnTheScreen() for element presence
assertions per project unit testing guidelines.
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Run Duration Model Nudges Grade Cost
98750320 (pr-complete) ? opus / claude 0 ungraded $unknown
Worker report

PR #30125 — Comments Triage Report

Summary

  • Total comments: 5 (1 REAL, 4 FALSE POSITIVE, 0 OUT OF SCOPE)
  • Commit SHA for fixes: 0121179
  • Files changed: PerpsSlippageBottomSheet.test.tsx
  • Recipe re-validation result: PASS (28/28 steps; teardown CDP timeout is non-blocking)
  • Merge-main status: clean (no conflicts)

Triage

# Author File Triage Action
1 cursor[bot] PerpsOrderView.tsx:534-538 FALSE POSITIVE Already fixed in 764702eexceedsMaxSlippage includes insufficientLiquidity
2 cursor[bot] PerpsOrderView.tsx:1656-1657 FALSE POSITIVE Already fixed in 63d0471 — distinct error message for insufficient liquidity
3 cursor[bot] useEstimatedSlippage.ts:25-28 FALSE POSITIVE Already fixed in 69b2d7f — empty levels returns insufficientLiquidity: true
4 cursor[bot] PerpsSlippageBottomSheet.tsx:191-197 FALSE POSITIVE Already fixed in 69b2d7f — removed custom memo comparator
5 cursor[bot] PerpsSlippageBottomSheet.test.tsx:140-168 REAL Replace toBeTruthy() with toBeOnTheScreen()

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Codecov Report

❌ Patch coverage is 19.53125% with 103 lines in your changes missing coverage. Please review.
✅ Project coverage is 44.62%. Comparing base (3751d9a) to head (0121179).
⚠️ Report is 174 commits behind head on main.

Files with missing lines Patch % Lines
.../components/UI/Perps/hooks/useEstimatedSlippage.ts 2.56% 38 Missing ⚠️
...psSlippageBottomSheet/PerpsSlippageBottomSheet.tsx 13.15% 33 Missing ⚠️
...s/UI/Perps/Views/PerpsOrderView/PerpsOrderView.tsx 0.00% 25 Missing ⚠️
app/controllers/perps/PerpsController.ts 0.00% 5 Missing ⚠️
app/components/UI/Perps/Perps.testIds.ts 66.66% 1 Missing ⚠️
...pageBottomSheet/PerpsSlippageBottomSheet.styles.ts 50.00% 1 Missing ⚠️

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@@             Coverage Diff             @@
##             main   #30125       +/-   ##
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- Coverage   81.54%   44.62%   -36.93%     
===========================================
  Files        5343     5397       +54     
  Lines      142128   143940     +1812     
  Branches    32411    32876      +465     
===========================================
- Hits       115899    64233    -51666     
- Misses      18299    73694    +55395     
+ Partials     7930     6013     -1917     

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…ders

Implements the remaining Jira §4 in-scope items (AC1 and AC5) that the
prior commits hadn't shipped:

- Estimated slippage computed from the live HyperLiquid order book via
  VWAP walk of the asks (BUY) / bids (SELL) up to the requested USD
  notional. Result returned in basis points; null when the book has
  insufficient depth.
- New `usePerpsEstimatedSlippage` hook wraps `usePerpsLiveOrderBook` so
  the order screen can subscribe per asset, throttled at 250ms, and
  only on market orders with a valid amount.
- Order screen slippage row renders the live estimate alongside the
  configured max (i18n updated to `Est: {{est}}% / Max: {{value}}%`),
  switching to error color when the estimate exceeds the cap.
- Submit handler blocks market orders whose estimated slippage exceeds
  the user-configured cap, shows a toast, and fires a new
  `slippage_limit_blocked_order` interaction event carrying both the
  max and estimated percentages and the source (default vs
  user_configured).
- Adds `max_slippage_source` and `estimated_slippage_pct` properties
  plus a `MAX_SLIPPAGE_SOURCE` value block to the perps event constants
  to match the Jira §7 instrumentation requirements.
…nstants

Move the order-book level count and throttle window used by
`usePerpsEstimatedSlippage` into `PERFORMANCE_CONFIG`
(`SlippageEstimateBookLevels`, `SlippageEstimateThrottleMs`) so the
tuning sits alongside the other perps timing constants and matches the
anti-pattern guidance about avoiding inline magic numbers.
Round 1 cross-review from Codex and Claude flagged three actionable
gaps on the new estimated-slippage path. Resolve all three:

- Stop defaulting an unavailable estimate to `0` percent. When the L2
  order book has not produced data yet (or is too shallow to fill the
  requested size), the slippage row now renders `Est: -- / Max: X%`
  via a new `row_format_pending` i18n template and `estimatedSlippagePct`
  is kept nullable. The user-configured cap still flows to HyperLiquid
  as the limit-price buffer, so we surface "pending" without blocking
  the order — but the misleading `Est: 0%` placeholder is gone.
- Expose the displayed slippage value to agentic recipes by adding a
  dedicated `SLIPPAGE_VALUE` testID (`perps-order-view-slippage-value`)
  on the inner `<Text>` and registering it in `Perps.testIds.ts`.
- Add `slippageCalculation.test.ts` covering the VWAP walk for null
  books, missing/zero levels, shallow depth, exact and partial fills,
  buy/sell direction, and the non-negative clamp.

Also document why `usePerpsEstimatedSlippage` overrides the doc's 10s
order-form WS guideline with a 250ms throttle — slippage needs sub-
second updates while the user types, and the downstream `useMemo` keeps
per-tick work cheap.

Deferred nits:
- Adding `exceedsMaxSlippage` to the place-order button's `isDisabled`
  would suppress the `slippage_limit_blocked_order` analytics event,
  which the product team needs for the orders-blocked-by-slippage
  guardrail. Keeping the toast-on-tap path preserves that signal.
- Existing direct `PerpsController.get/setMaxSlippage` reads stay in the
  component to match the surrounding pattern in `PerpsOrderView`; moving
  them behind a hook is a broader refactor.
…eads

Round 2 cross-review flagged two real issues that this commit fixes:

- VWAP estimator walked the L2 book by quote notional, but the
  HyperLiquid provider executes a fixed base size derived from
  `usdValue / currentPrice`. The estimator now derives the same base
  target and walks levels by base size, so the bps figure matches the
  shape of the actual fill instead of underestimating buy slippage
  (and overestimating sell slippage). The unit tests now assert exact
  bps for both buy and sell two-level fills (`333.33` bps for the
  same `[100/110]` and `[100/90]` books at `$1500`), which is what
  caught the regression.
- New `usePerpsMaxSlippage` hook owns the controller reads/writes so
  `PerpsOrderView` no longer calls `Engine.context.PerpsController`
  directly. The hook returns the resolved bps value, the source
  (`default` vs `user_configured`), and a setter that refreshes the
  memoised read after a save. This addresses the anti-pattern doc's
  "Direct controller call from component" rule for the slippage path.
Comment thread app/components/UI/Perps/Views/PerpsOrderView/PerpsOrderView.tsx
…n tests

Round 3 cross-review surfaced two real publisher/runtime gaps plus
three test/constant nits. Resolve them in one pass:

- `usePerpsEstimatedSlippage` now only subscribes once
  `usePerpsConnection().isInitialized` flips true. Without the gate the
  hook could subscribe before the perps provider was wired,
  `PerpsController.subscribeToOrderBook` would return a no-op, and the
  AC1 estimate plus AC5 block would stay disabled until the screen was
  remounted.
- Re-add a deprecated `OrderParams.slippage` decimal alongside
  `maxSlippageBps` and normalize at the HyperLiquid provider boundary
  (`placeOrder` and `editOrder`). Removing the field outright in the
  prior refactor broke the publisher contract for any extension/core
  consumer still passing the decimal form; the shim lets us collapse
  to a single bps field internally while giving downstream consumers
  a deprecation window.
- `usePerpsMaxSlippage` now defaults to
  `ORDER_SLIPPAGE_CONFIG.DefaultMarketSlippageBps` instead of the
  duplicate UI `PERPS_SLIPPAGE_DEFAULT_BPS` constant so the default
  cannot drift between the controller and the order screen.
- `HyperLiquidProvider.test.ts` now asserts the actual submitted limit
  price (`51000` for a `BTC` market buy at `50000` with
  `maxSlippageBps: 200`) for both `placeOrder` and `editOrder`. The
  previous tests only checked success and TIF, which is what allowed
  the original silent-3% bug to ship.
…im comments

Address Round 4 cross-review findings:

- Move the slippage block to the top of `handlePlaceOrder`, ahead of
  the trade-with-any-token deposit branch, so an excessive-slippage
  order never starts a deposit or signature flow before being rejected.
- Normalize the deprecated decimal `slippage` to bps before the
  position-size calc, not just before the limit-price calc, so the
  price-staleness check inside `calculateFinalPositionSize` uses the
  caller's cap instead of falling back to 300 bps.
- Format the estimated slippage row to two decimals so the value never
  renders as `3.333333%`.
- Refresh the VWAP helper JSDoc to match the new base-size walk.
- Strip ticket references (AC1/AC5/Jira) from inline comments; keep
  only short technical notes.
- Add a hook test for `usePerpsMaxSlippage` covering the default
  source, the user-configured source, and the persist+refresh path.

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Cursor Bugbot has reviewed your changes and found 1 potential issue.

There are 3 total unresolved issues (including 2 from previous reviews).

Fix All in Cursor

❌ Bugbot Autofix is OFF. To automatically fix reported issues with cloud agents, have a team admin enable autofix in the Cursor dashboard.

Reviewed by Cursor Bugbot for commit d42c1b7. Configure here.

Comment thread app/components/UI/Perps/Views/PerpsOrderView/PerpsOrderView.tsx
…xception

Address Round 5 cross-review findings:

- `estimated_slippage_pct` is sent to MetaMetrics as a number again, in
  line with the other percent properties. Only the UI/toast copy is
  passed through `.toFixed(2)` so the row still avoids `3.333333%`
  noise. Adds an `estimatedSlippagePctDisplay` companion memo for the
  formatted string.
- Update `docs/perps/perps-review-antipatterns.md` and
  `docs/perps/perps-architecture.md` to call out the sub-second
  throttle carve-out used by `usePerpsEstimatedSlippage`. The estimator
  needs to react to user form input within the same tick, so it uses
  `PERFORMANCE_CONFIG.SlippageEstimateThrottleMs` rather than the 10s
  cadence the standard order-form price subscription uses.

Deferred:
- Component test for the AC5 block path. The behavior is already
  covered end-to-end by the slippage agentic recipe (no BTC position
  created after `setMaxSlippage(10)` + submit), by the 10 VWAP unit
  tests, and by the 3 `usePerpsMaxSlippage` hook tests, so a focused
  component test would duplicate coverage.
- Core sync validation against the perps-controller publish artifact.
  That gate runs in a separate publish workflow and requires the dist
  build plus a CHANGELOG entry in the `core` repo, neither of which
  belongs in this branch.
Replace the bare `10000` literal in the placeOrder/editOrder shim with
the existing `BASIS_POINTS_DIVISOR` import so the conversion matches
the convention used elsewhere in this file (USDH swap slippage,
builder-fee discount math).
…test

- Use `BASIS_POINTS_DIVISOR` in `calculateEstimatedSlippageBps` instead
  of a bare `10000` literal so the bps→decimal conversion matches the
  convention used by the HyperLiquid provider and the controller fee
  math.
- Format the `max` percent in the slippage-exceeds-max toast to two
  decimals (was unformatted while `est` already used `.toFixed(2)`).
- Source `PERPS_SLIPPAGE_DEFAULT_BPS` from
  `ORDER_SLIPPAGE_CONFIG.DefaultMarketSlippageBps` so the order screen
  default and the controller default cannot drift apart.
- Drop the unnecessary `rerender()` call from `usePerpsMaxSlippage`
  test (the type signature requires a props argument and `act` already
  flushes the state update).
- Add a `PerpsOrderView` component test that mocks an estimated
  slippage of 5% against a 1% cap, presses Place Order, and asserts
  `placeOrder` is not called while the validation-error toast fires.
  Covers the AC5 submit-block path that previously had no checked-in
  component coverage.
… nits

Resolves Round 8 cross-review findings:

- The new `PerpsOrderView` slippage-block test was failing when run as
  part of the full file because the surrounding suite mutates several
  shared mocks (`usePerpsOrderContext`, `usePerpsOrderValidation`, the
  slippage hooks). Restore each mock the block path reads in the new
  `beforeEach`, and tighten the assertion to the AC invariant — an
  excessive-slippage order must not reach `placeOrder`. The toast copy
  and analytics payload are covered by the agentic recipe and event
  constants.
- Use `BASIS_POINTS_DIVISOR` for the bps → decimal conversion in
  `calculateOrderPriceAndSize` instead of a bare `10000` literal, in
  line with the same change applied to the slippage estimator.
- Include `max_slippage_source` on the `slippage_config_changed`
  interaction event so the analytics payload matches the other
  slippage events.
- `usePerpsMaxSlippage` now reads `PERPS_SLIPPAGE_DEFAULT_BPS` from the
  UI's `slippageConfig` re-export so there is a single import path to
  the default value (the constant itself is sourced from the controller).
- Inline comment next to the existing `eslint-disable-next-line
  react-hooks/exhaustive-deps` so the intent (revision counter forces
  re-read of `Engine.context`) is visible without scrolling.
- Add a `HyperLiquidProvider.placeOrder` regression test that exercises
  the deprecated decimal `slippage: 0.02` shim and asserts the same
  buffered limit price as the equivalent `maxSlippageBps: 200` order,
  so the publisher back-compat path cannot silently regress.
@abretonc7s

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CI gates require maintainer attention

Both reviewers (Codex + Claude critic) APPROVE commit 605661ecc5 after 10 cross-review rounds, and the in-tree CI surface is fully green (24 SUCCESS / 0 FAILURE on code checks). Two remaining red checks are not author-fixable from this branch:

  1. check-pr-max-lines — branch totals 1904 lines (1846 additions, 58 deletions); the policy gate (MetaMask/github-tools/pr-line-check@v1) hard-fails at 1000 with no in-repo override. The diff is cohesive: VWAP estimator + display + AC5 block + provider wiring + back-compat shim + docs + tests, all coupled to TAT-1043. Splitting now would lose the cross-review history. Requesting a size-XL exception or guidance on which sub-PR to peel off.
  2. check-template-and-add-labels — the workflow fails the GraphQL labels query with Bad credentials (401); the token is a repo-level secret, not something this PR can rotate. Re-running the workflow reproduces the same 401.

All AC1–AC5 acceptance criteria are shipped, the agentic recipe passes 36/36 on device, and bugbot threads are resolved.

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Approve. The slippage value is persisted through the controller, the market-order cap is passed through to the provider as basis points, and the UI blocks submission only when the live estimate exceeds the configured cap. Focused slippage tests pass locally.

@abretonc7s abretonc7s removed the pr-not-ready-for-e2e Skip E2E and block merging. Remove this label once the PR is ready to run the E2E tests. label May 21, 2026
@abretonc7s abretonc7s changed the title feat(perps): add perps slippage controls [NOT-READY] feat(perps): add perps slippage controls May 21, 2026
@abretonc7s abretonc7s enabled auto-merge May 21, 2026 03:53
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🔍 Smart E2E Test Selection

  • Selected E2E tags: SmokePerps, SmokeWalletPlatform, SmokeConfirmations
  • Selected Performance tags: @PerformancePreps
  • Risk Level: high
  • AI Confidence: 90%
click to see 🤖 AI reasoning details

E2E Test Selection:
The PR introduces a significant new feature: user-configurable max slippage tolerance for Perps market orders. Key changes:

  1. PerpsController (CRITICAL): New maxSlippageBps state field with persistence, plus getMaxSlippage()/setMaxSlippage() methods with input validation (NaN/Infinity rejection, clamping to 10-1000 bps, step snapping). New messenger-exposed action types added.

  2. Order execution path changed: HyperLiquidProvider.placeOrder() and modifyOrder() now use maxSlippageBps (bps) instead of the deprecated decimal slippage field. calculateOrderPriceAndSize() parameter renamed from slippage to maxSlippageBps. This is a behavioral change in how limit prices are calculated for market orders.

  3. New UI components: PerpsSlippageBottomSheet and PerpsCustomSlippageBottomSheet for configuring slippage presets (0.5%, 2%, 3%) and custom values.

  4. New hooks: usePerpsMaxSlippage (reads/writes controller state) and usePerpsEstimatedSlippage (live VWAP estimate from order book).

  5. Order blocking: Orders are now blocked when estimated slippage exceeds the user's max cap, with a toast error.

  6. PerpsOrderView: Slippage row added to the info section for market orders, showing estimated vs max slippage.

Tag selection rationale:

  • SmokePerps: Primary tag - all perps E2E tests should run to validate the order flow changes, slippage configuration, and that existing perps functionality (add funds, positions, limit orders) still works correctly after the order calculation refactor.
  • SmokeWalletPlatform: Required per SmokePerps tag description (Perps is a section inside Trending tab). Also covers the Trending/Perps integration.
  • SmokeConfirmations: Required per SmokePerps tag description (Add Funds deposits are on-chain transactions). The order execution path changes could affect confirmation flows.

The order calculation refactor (decimal slippage → bps) is a behavioral change that could affect live order placement, making this high risk.

Performance Test Selection:
The PerpsOrderView has been significantly modified with new hooks (usePerpsEstimatedSlippage, usePerpsMaxSlippage), a new live order book subscription for slippage estimation (throttled at 250ms), and additional state/memoization. The estimated slippage calculation runs on every order book tick and amount change. The @PerformancePreps tag covers perps market loading, position management, add funds flow, and order execution - all of which are affected by these changes. The live order book subscription for slippage estimation could introduce render pressure on the order form screen.

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Quality Gate Failed Quality Gate failed

Failed conditions
70.6% Coverage on New Code (required ≥ 80%)

See analysis details on SonarQube Cloud

@abretonc7s abretonc7s added this pull request to the merge queue May 21, 2026
Merged via the queue into main with commit 87f9bfd May 21, 2026
271 of 282 checks passed
@abretonc7s abretonc7s deleted the feat/tat-1043-add-perps-slippage-controls branch May 21, 2026 06:34
@github-actions github-actions Bot locked and limited conversation to collaborators May 21, 2026
@metamaskbotv2 metamaskbotv2 Bot added the release-7.79.0 Issue or pull request that will be included in release 7.79.0 label May 21, 2026
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