Transient execution attacks, also known as speculative execution attacks, have drawn much interest in the last few years as they can cause critical data leakage. Since the first disclosure of Spectre and Meltdown attacks in January 2018, a number of new transient execution attack types have been demonstrated targeting different processors. A transient execution attack consists of two main components: transient execution itself and a covert channel that is used to actually exfiltrate the information.Transient execution is a result of the fundamental features of modern processors that are designed to boost performance and efficiency, while covert channels are unintended information leakage channels that result from temporal and spatial sharing of the micro-architectural components. Given the severity of the transient execution attacks, they have motivated computer architects in both industry and academia to rethink the design of the processors and to propose hardware defenses. To help understand the transient execution attacks, this survey summarizes the phases of the attacks and the security boundaries across which the information is leaked in different attacks.This survey further analyzes the causes of transient execution as well as the different types of covert channels and presents a taxonomy of the attacks based on the causes and types. This survey in addition presents metrics for comparing different aspects of the transient execution attacks and uses them to evaluate the feasibility of the different attacks. This survey especially considers both existing attacks and potential new attacks suggested by our analysis. This survey finishes by discussing different mitigations that have so far been proposed at the micro-architecture level and discusses their benefits and limitations.