Information
What Is Price Impact in a Token Swap?
Price impact describes how a trade itself can affect the price offered by available liquidity. Learn how trade size and pool depth influence quoted results and how to spot unexpectedly high impact.
Trade size versus liquidity
A large swap relative to a pool’s available reserves can move the pool price. The same trade size can have different effects in pools with different liquidity.
Price impact versus slippage
Price impact is caused by the trade interacting with available liquidity. Slippage often refers to the difference between the quoted and executed price as conditions change while a transaction is pending. Interfaces may display these concepts separately.
Before you sign
Review the displayed impact, minimum received amount, fees, and token details. Consider stopping if the figures are unexpected or if you cannot explain the wallet prompt.
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