🪄Swap Settings
You're in control.
Understanding price impact and slippage is crucial for a smooth trading experience on XP.FUN. This guide will help you navigate these concepts to make informed decisions.
Price Impact
What is Price Impact?
Price Impact refers to how your trade affects the market price of a token due to the size of your order relative to the pool's liquidity.
Larger Trades: The bigger your buy or sell order compared to the total liquidity, the more significant the price impact.
Dynamic Adjustments: Liquidity pools adjust prices based on supply and demand, so the available liquidity at each price point changes with every trade.
Real-Time Estimates
The price impact will be displayed below the token being swapped for below the text field of that token. It is shown in a relative percentage.
Live Updates: The platform displays the approximate final value of your trade in real-time.
High Price Impact Warnings: If your swap is expected to have a high price impact, you'll receive a warning.
User Discretion: It's up to you to decide whether to proceed with a trade that has a high price impact.
Slippage
What is Slippage?
Slippage is the acceptable percentage difference between the expected price and the executed price of a trade.
It represents how much you're willing to let the price "slip" to ensure your transaction goes through.
Why Adjust Slippage?
High Volatility: During volatile market conditions, prices can change rapidly. Increasing your slippage tolerance can help your trade execute successfully.
Transaction Ordering: Ethereum processes transactions based on the gas fees offered. Higher gas fees result in faster transaction execution.
Delayed Transactions: If you set a low gas fee, your transaction might be delayed, and market prices could move beyond your slippage tolerance, causing the transaction to fail.
How to Adjust Slippage
Access Slippage Settings:
Click on the Slippage icon in the top right of the swap interface.
Adjust the Slider:
Use the slider to set your preferred slippage percentage.
Confirm Settings:
Ensure you're comfortable with the new slippage tolerance before proceeding.
Safety Checks
To protect users from unfavorable outcomes, XP.FUN has built-in safety mechanisms:
Common Safety Checks
Expired Transactions:
If a swap remains pending beyond a certain time limit, it will automatically fail.
Purpose: Protects you from price volatility over time.
Insufficient Output Amount:
If the actual output of a transaction is less than the minimum amount expected (after accounting for slippage), the swap will be canceled.
Purpose: Prevents trades that would result in a significantly worse price than anticipated.
Note: Cryptocurrency trading involves risks. Always do your own research before making investment decisions!
Last updated
