Why liquidity outside the current range cannot fill your next swap
Explain why an out-of-range position can hold valuable tokens without supplying liquidity at the current swap price.
Explore the reference
Liquidity & price impact — page 3
Read pool depth and understand how order size, liquidity ranges and market conditions affect execution.
48 guides · Page 3 of 3
Why liquidity split across fee tiers is not one interchangeable pool
Explain why pools for the same pair but different fee tiers have separate liquidity and cannot be priced as one blended reserve total.
Why low-impact stablecoin pricing can disappear on a large trade
Explain why a stable-pool curve can quote near parity for small trades and deteriorate materially as a larger trade drains one side.
Why LP-token value is not a usable swap-size limit
Distinguish the value of an LP ownership claim from the quantity a trader can swap at an acceptable execution price.
Why moving through liquidity boundaries can affect swap gas
Explain why crossing initialized liquidity boundaries can add work to a swap and why a fixed per-tick dollar rule is unreliable.
Why total value locked does not tell you how much you can swap
Understand why headline liquidity value does not determine the output available for a particular trade size or direction.
Why two dollar stablecoins may not swap one for one
Separate a stablecoin’s target peg from the market exchange rate and from fees in a size-specific swap quote.
Why two interfaces can report different price-impact percentages
Explain how benchmark choice, fee inclusion, price orientation and rounding can produce different displayed impact percentages.