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Slippage and price impact

Why your fill differs from the quote and how to size trades to liquidity.

free intermediate

Lessons

Price impact versus slippage read · 7 min

Impact is caused by your own trade; slippage is the tolerance you set.

Price impact is how much your own order moves the pool. Slippage tolerance is the worst fill you will accept. The swap screen shows both, plus the minimum you will receive.

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Slippage and price impact: quiz

1 question · pass at 70% · earns MA+ points.

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