# Price Impact /  Slippage

Price Impact is the change in a token price that is directly caused by your trade and reflects how much total liquidity is held within the Liquidity Pool that you are trading. Price Impact is directly correlated with Liquidity in a Liquidity Pool, the more Liquidity held, the lower your Price Impact may be and vice versa.

**Below example highlights a 0.08% Price Impact**

<figure><img src="/files/6RDsdRK113LdVCALBEJP" alt=""><figcaption></figcaption></figure>

### Price Slippage <a href="#h_5dddf80c1b" id="h_5dddf80c1b"></a>

Price Slippage is the change in token price between the *expected* price and the *executed* price that you receive. Slippage is therefore the difference from what you expected to receive to what you actually received when executing a swap.

#### Slippage can occur: <a href="#h_3630dbefad" id="h_3630dbefad"></a>

* During market volatility
* Due to a lack of liquidity

The below example highlights the minimum you can expect to receive based on the Slippage that may occur while the trade executes. This would highlight a slippage of potentially 1.52 USDC tokens.

* **Expected Output:** This will likely be the amount you receive on your trade
* **Minimum Received:** This will be the minimum amount you receive if there is slippage when executing your Trade.

<figure><img src="/files/EfhISceTwAXrBtZusHH7" alt=""><figcaption></figcaption></figure>

### Slippage Settings

You can adjust your Slippage settings to reduce the % of slippage during trades. If a trade experiences slippage that is higher than your slippage settings, the trade will revert and cancel.

<figure><img src="/files/hmPUoTcUFg3lNNE7bJzI" alt=""><figcaption></figcaption></figure>

### Safe Mode <a href="#h_642a2722f0" id="h_642a2722f0"></a>

If your trade causes a price impact that is over 5% you will not be able to execute the swap unless you turn off 'Safe Mode'. Turn off Safe Mode by clicking on the Settings button and then toggling off 'Safe Mode'.

<figure><img src="/files/f2vysb4M4ABHA2B4KVzx" alt=""><figcaption></figcaption></figure>

***

### General Disclaimer <a href="#h_2ae2f6a5f7" id="h_2ae2f6a5f7"></a>

This document is intended for informational purposes only and should not be construed as financial, legal, or investment advice. The contents of this document do not constitute an offer or solicitation to buy or sell any tokens or participate in any trading strategies. The decision to trade tokens involves substantial risk and should be made independently by the reader with consideration to their financial situation and investment objectives.

***

If you have any further questions about Merchant Moe and how to swap please join the [Merchant Moe Discord](https://discord.gg/merchantmoe) for further assistance.


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