Price impact
The change in a trade’s effective price caused by that trade using available liquidity.
In more detail
Price impact is the effect your own trade has on the market or pool. A large order relative to available liquidity can consume the better prices and reach worse ones. That's different from the market moving between quote and execution, though both can affect what you receive. Check impact before treating a spot price as your whole quote.
How you might use it
A token trades near $1, but your large swap averages less than that because selling so much pushes through the pool’s available liquidity.
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