A price tells you what one token is worth. It does not tell you what your holding is worth, because selling moves the price. This asks a live router for a real quote at five different sizes and shows you where the exit stops being worth taking.
Every price you see quoted is the price of the last trade, or the price of a trade so small it barely moved anything. It is a true number about a tiny transaction. It is not a true number about yours.
Tokens trade in pools, and a pool is a finite amount of money on the other side of your sale. When you sell into it you are taking from that side, and the price you get slides as you do. Sell a hundred pounds worth and the slide is invisible. Sell a hundred thousand and the slide is the entire story. The quoted price never mentioned that, because it was never a claim about size.
This tool asks a live router to quote a real sale at 100, 1,000, 10,000, 50,000 and 250,000 dollars worth of the token, and then compares the rate you would get at each size against the rate at the smallest one. The gap is your price impact, and watching where it stops being small is the whole point of the exercise.
A deep token barely moves across the whole ladder. A thin one is fine at a hundred dollars and already ugly at ten thousand. A dead one refuses to quote at all beyond the first rung, which is the market telling you plainly that the exit does not exist at that size.
Depth is not good or bad in the abstract, it is good or bad relative to the position you are holding. A token that can absorb ten thousand dollars cleanly is perfectly fine if you hold five hundred dollars of it, and a serious problem if you hold fifty thousand. Read the ladder against your own size and nobody else's.
This is also the honest way to think about a position you are already in. The question is never what your holding is worth on paper. It is what somebody would hand you for it this afternoon, and the ladder is the closest thing to an answer you can get without actually selling.
It is how much worse your price gets because of your own trade. Every sale into a pool pushes the price down as it fills, so a small sale gets close to the quoted price and a large one does not. Impact is the gap between the two, and it is a cost you pay even when the fee is zero.
Because market cap is a multiplication, not a measurement. It takes the last traded price and multiplies it by every token in existence, including the ones nobody could ever sell. Depth measures what a buyer would actually pay you today. When the two disagree, depth is the one telling the truth.
As a rough line: if you cannot get out of a five figure position inside a two percent haircut, the token is thin, and if you cannot get out of a four figure one, treat it as untradeable at any size you would care about. Judge it against the position you are actually holding, not against the token in the abstract.
Yes. The quote comes from a live router and is what you would receive after its fee and the pool fee, so the number you see is the outcome rather than the headline. It does not include the gas to send the transaction, which the Live Gas Fees tool covers.
Occasionally a bigger order is worth routing differently, and a router that ignored the small trade will compete for the large one. That is routing noise rather than negative slippage, so the tool floors it at zero rather than showing you a gain that would not survive being tested twice.
That is the loudest possible answer. If no router will price a sale at any size, there is no reliable way out of the position, and the price you can see quoted somewhere is not a price you can get.
We seal the list every week and keep re-checking every token on it, so you can see what actually happened to them rather than only what is trading today.
