PancakeSwap vs SushiSwap
Neutral on-chain benchmarking of slippage, revert rates, and overall execution quality.
PancakeSwap shows tighter execution than SushiSwap on ClearTrace's on-chain slippage benchmark on Ethereum, 91.9 vs 71.3 out of 100 (a 20.6-point edge), measured across 16,385 and 10,967 benchmarked transactions there. Slippage, revert rate, and MEV exposure are scored separately. (data as of October 14, 2026)
Protocol Scorecard
| PancakeSwap | SushiSwap | |
|---|---|---|
| Slippage Score (0-100) | 91.9 Ethereum |
71.3 Ethereum |
| Trades Analyzed Ethereum |
16,385 | 10,967 |
PancakeSwap and SushiSwap are both decentralized exchanges (AMMs), where trades execute directly against on-chain liquidity pools. The comparison comes down to pool depth, fee tiers, and how exposed each venue's order flow is to MEV such as sandwich attacks.
Across the flow ClearTrace benchmarked, PancakeSwap posted a slippage score of 91.9/100 versus 71.3/100 for SushiSwap, a clear edge of 20.6 points on Ethereum. Ethereum is ClearTrace's publication chain: ClearTrace compares a pair on its publication chain when both venues are benchmarked there, and otherwise on the shared chain carrying the most data on the smaller side. Either way the comparison is one chain, not one venue's all-chain rollup set against another's, because two rollups cover different chains. The score reflects realized slippage only, derived from median slippage versus a minute-level off-chain reference price (Dune prices.usd, an interpolated 5-minute exchange-aggregate feed and not a VWAP), where a higher number means lower slippage. The median is taken over individual fills, while the counts below are distinct transactions, and one transaction can contain several fills. MEV exposure and revert rates are tracked as separate metrics. PancakeSwap was measured over 16,385 benchmarked transactions (3% of its benchmarked flow) and SushiSwap over 10,967 benchmarked transactions (37% of its benchmarked flow).
On this data, PancakeSwap holds the stronger slippage score on Ethereum, but the gap reflects routing and slippage differences rather than one venue being universally better. That edge is a statement about Ethereum. Results shift with trade size, token pair, and market conditions, and MEV exposure and revert rates are separate considerations. Scores update on each data refresh; see our methodology for the full approach.
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Frequently Asked Questions
Which has better execution quality, PancakeSwap or SushiSwap?
Based on ClearTrace's slippage score (median slippage vs a minute-level off-chain reference price from Dune prices.usd, which is not a VWAP) on Ethereum, ClearTrace's publication chain, PancakeSwap edges out SushiSwap, 91.9/100 versus 71.3/100 (a 20.6-point gap). ClearTrace compares the two on one shared chain rather than setting one venue's all-chain rollup against another's.
Does PancakeSwap or SushiSwap offer better MEV protection?
ClearTrace publishes a slippage-based score and per-aggregator revert rates, not a per-aggregator MEV-protection score. On slippage, PancakeSwap was tighter on Ethereum (~8.1 bps vs ~28.7 bps). For MEV specifically, the dashboard surfaces detected sandwich activity as a separate metric.
Is PancakeSwap or SushiSwap better for large trades?
For large orders, the venue with deeper liquidity for your pair usually wins on price impact. Both PancakeSwap and SushiSwap are AMMs, so compare pool depth for your token pair; the live dashboard tracks current execution quality.