diff --git a/shared/lib/swaps-utils.js b/shared/lib/swaps-utils.js
index f27f4c9e8a8f..62c71ecbaadb 100644
--- a/shared/lib/swaps-utils.js
+++ b/shared/lib/swaps-utils.js
@@ -18,6 +18,8 @@ import { addHexPrefix } from '../../app/scripts/lib/util';
 import { decimalToHex } from '../modules/conversion.utils';
 import fetchWithCache from './fetch-with-cache';
 
+const FALLBACK_GAS_MULTIPLIER = 1.5;
+
 const TEST_CHAIN_IDS = [CHAIN_IDS.GOERLI, CHAIN_IDS.LOCALHOST];
 
 const clientIdHeader = { 'X-Client-Id': SWAPS_CLIENT_ID };
@@ -325,3 +327,37 @@ export async function fetchTradesInfo(
 
   return newQuotes;
 }
+
+/**
+ * Given a gas estimate, gas multiplier, max gas, and custom max gas, returns the max gas limit
+ * to use for a transaction.
+ *
+ * @param {string} gasEstimate - The gas estimate for the transaction.
+ * @param {number} gasMultiplier - The gas multiplier to use.
+ * @param {number} maxGas - The max gas limit to use.
+ * @param {string} customMaxGas - The custom max gas limit to use.
+ * @returns {string} The max gas limit to use for the transaction.
+ */
+
+export function calculateMaxGasLimit(
+  gasEstimate,
+  gasMultiplier = FALLBACK_GAS_MULTIPLIER,
+  maxGas,
+  customMaxGas,
+) {
+  const gasLimitForMax = new BigNumber(gasEstimate || 0, 16)
+    .round(0)
+    .toString(16);
+
+  const usedGasLimitWithMultiplier = new BigNumber(gasLimitForMax, 16)
+    .times(gasMultiplier, 10)
+    .round(0)
+    .toString(16);
+
+  const nonCustomMaxGasLimit = gasEstimate
+    ? usedGasLimitWithMultiplier
+    : `0x${decimalToHex(maxGas || 0)}`;
+  const maxGasLimit = customMaxGas || nonCustomMaxGasLimit;
+
+  return maxGasLimit;
+}
diff --git a/shared/lib/swaps-utils.test.js b/shared/lib/swaps-utils.test.js
index 5db5fb23085b..4cbc0927e1f3 100644
--- a/shared/lib/swaps-utils.test.js
+++ b/shared/lib/swaps-utils.test.js
@@ -10,7 +10,11 @@ import {
   TOKENS,
   MOCK_TRADE_RESPONSE_2,
 } from '../../ui/pages/swaps/swaps-util-test-constants';
-import { fetchTradesInfo, shouldEnableDirectWrapping } from './swaps-utils';
+import {
+  fetchTradesInfo,
+  shouldEnableDirectWrapping,
+  calculateMaxGasLimit,
+} from './swaps-utils';
 
 jest.mock('./storage-helpers', () => ({
   getStorageItem: jest.fn(),
@@ -224,4 +228,46 @@ describe('Swaps Utils', () => {
       expect(shouldEnableDirectWrapping(CHAIN_IDS.MAINNET)).toBe(false);
     });
   });
+
+  describe('calculateMaxGasLimit', () => {
+    const gasEstimate = '0x37b15';
+    const maxGas = 273740;
+    let expectedMaxGas = '42d4c';
+    let gasMultiplier = 1.2;
+    let customMaxGas = '';
+
+    it('should return the max gas limit', () => {
+      const result = calculateMaxGasLimit(
+        gasEstimate,
+        gasMultiplier,
+        maxGas,
+        customMaxGas,
+      );
+      expect(result).toStrictEqual(expectedMaxGas);
+    });
+
+    it('should return the custom max gas limit', () => {
+      customMaxGas = '46d4c';
+      const result = calculateMaxGasLimit(
+        gasEstimate,
+        gasMultiplier,
+        maxGas,
+        customMaxGas,
+      );
+      expect(result).toStrictEqual(customMaxGas);
+    });
+
+    it('should return the max gas limit with a gas multiplier of 4.5', () => {
+      gasMultiplier = 4.5;
+      expectedMaxGas = 'fa9df';
+      customMaxGas = '';
+      const result = calculateMaxGasLimit(
+        gasEstimate,
+        gasMultiplier,
+        maxGas,
+        customMaxGas,
+      );
+      expect(result).toStrictEqual(expectedMaxGas);
+    });
+  });
 });
diff --git a/ui/ducks/swaps/swaps.js b/ui/ducks/swaps/swaps.js
index 56a7273e8d5b..59fadda433d5 100644
--- a/ui/ducks/swaps/swaps.js
+++ b/ui/ducks/swaps/swaps.js
@@ -94,6 +94,7 @@ import {
 } from '../../../shared/lib/transactions-controller-utils';
 import { EtherDenomination } from '../../../shared/constants/common';
 import { Numeric } from '../../../shared/modules/Numeric';
+import { calculateMaxGasLimit } from '../../../shared/lib/swaps-utils';
 
 export const GAS_PRICES_LOADING_STATES = {
   INITIAL: 'INITIAL',
@@ -102,8 +103,6 @@ export const GAS_PRICES_LOADING_STATES = {
   COMPLETED: 'COMPLETED',
 };
 
-export const FALLBACK_GAS_MULTIPLIER = 1.5;
-
 const initialState = {
   aggregatorMetadata: null,
   approveTxId: null,
@@ -1106,20 +1105,16 @@ export const signAndSendTransactions = (
     const usedQuote = getUsedQuote(state);
     const usedTradeTxParams = usedQuote.trade;
 
-    const estimatedGasLimit = new BigNumber(
-      usedQuote?.gasEstimate || 0,
-      16,
-    ).toString(16);
-
-    const maxGasLimit =
-      customSwapsGas ||
-      (usedQuote?.gasEstimate
-        ? `0x${estimatedGasLimit}`
-        : `0x${decimalToHex(
-            new BigNumber(usedQuote?.maxGas)
-              .mul(usedQuote?.gasMultiplier || FALLBACK_GAS_MULTIPLIER)
-              .toString() || 0,
-          )}`);
+    const estimatedGasLimit = new BigNumber(usedQuote?.gasEstimate || 0, 16)
+      .round(0)
+      .toString(16);
+
+    const maxGasLimit = calculateMaxGasLimit(
+      usedQuote?.gasEstimate,
+      usedQuote?.gasMultiplier,
+      usedQuote?.maxGas,
+      customSwapsGas,
+    );
 
     const usedGasPrice = getUsedSwapsGasPrice(state);
     usedTradeTxParams.gas = maxGasLimit;
diff --git a/ui/pages/swaps/prepare-swap-page/review-quote.js b/ui/pages/swaps/prepare-swap-page/review-quote.js
index 011ab04bd8d9..5fb2badd8bcb 100644
--- a/ui/pages/swaps/prepare-swap-page/review-quote.js
+++ b/ui/pages/swaps/prepare-swap-page/review-quote.js
@@ -22,7 +22,6 @@ import { usePrevious } from '../../../hooks/usePrevious';
 import { useGasFeeInputs } from '../../confirmations/hooks/useGasFeeInputs';
 import { MetaMetricsContext } from '../../../contexts/metametrics';
 import {
-  FALLBACK_GAS_MULTIPLIER,
   getQuotes,
   getSelectedQuote,
   getApproveTxParams,
@@ -135,7 +134,10 @@ import {
   toPrecisionWithoutTrailingZeros,
 } from '../../../../shared/lib/transactions-controller-utils';
 import { addHexPrefix } from '../../../../app/scripts/lib/util';
-import { calcTokenValue } from '../../../../shared/lib/swaps-utils';
+import {
+  calcTokenValue,
+  calculateMaxGasLimit,
+} from '../../../../shared/lib/swaps-utils';
 import { GAS_FEES_LEARN_MORE_URL } from '../../../../shared/lib/ui-utils';
 import ExchangeRateDisplay from '../exchange-rate-display';
 import InfoTooltip from '../../../components/ui/info-tooltip';
@@ -295,20 +297,12 @@ export default function ReviewQuote({ setReceiveToAmount }) {
     usedQuote?.gasEstimateWithRefund ||
     `0x${decimalToHex(usedQuote?.averageGas || 0)}`;
 
-  const estimatedGasLimit = new BigNumber(
-    usedQuote?.gasEstimate || 0,
-    16,
-  ).toString(16);
-
-  const nonCustomMaxGasLimit = usedQuote?.gasEstimate
-    ? `0x${estimatedGasLimit}`
-    : `0x${decimalToHex(
-        new BigNumber(usedQuote?.maxGas)
-          .mul(usedQuote?.gasMultiplier || FALLBACK_GAS_MULTIPLIER)
-          .toString() || 0,
-      )}`;
-
-  const maxGasLimit = customMaxGas || nonCustomMaxGasLimit;
+  const maxGasLimit = calculateMaxGasLimit(
+    usedQuote?.gasEstimate,
+    usedQuote?.gasMultiplier,
+    usedQuote?.maxGas,
+    customMaxGas,
+  );
 
   let maxFeePerGas;
   let maxPriorityFeePerGas;
diff --git a/ui/pages/swaps/view-quote/view-quote.js b/ui/pages/swaps/view-quote/view-quote.js
index 3525cb457f94..f67f727317a1 100644
--- a/ui/pages/swaps/view-quote/view-quote.js
+++ b/ui/pages/swaps/view-quote/view-quote.js
@@ -22,7 +22,6 @@ import { useGasFeeInputs } from '../../confirmations/hooks/useGasFeeInputs';
 import { MetaMetricsContext } from '../../../contexts/metametrics';
 import FeeCard from '../fee-card';
 import {
-  FALLBACK_GAS_MULTIPLIER,
   getQuotes,
   getSelectedQuote,
   getApproveTxParams,
@@ -109,7 +108,10 @@ import {
   toPrecisionWithoutTrailingZeros,
 } from '../../../../shared/lib/transactions-controller-utils';
 import { addHexPrefix } from '../../../../app/scripts/lib/util';
-import { calcTokenValue } from '../../../../shared/lib/swaps-utils';
+import {
+  calcTokenValue,
+  calculateMaxGasLimit,
+} from '../../../../shared/lib/swaps-utils';
 import {
   addHexes,
   decGWEIToHexWEI,
@@ -230,17 +232,12 @@ export default function ViewQuote() {
     usedQuote?.gasEstimateWithRefund ||
     `0x${decimalToHex(usedQuote?.averageGas || 0)}`;
 
-  const gasLimitForMax = usedQuote?.gasEstimate || `0x0`;
-
-  const usedGasLimitWithMultiplier = new BigNumber(gasLimitForMax, 16)
-    .times(usedQuote?.gasMultiplier || FALLBACK_GAS_MULTIPLIER, 10)
-    .round(0)
-    .toString(16);
-
-  const nonCustomMaxGasLimit = usedQuote?.gasEstimate
-    ? usedGasLimitWithMultiplier
-    : `0x${decimalToHex(usedQuote?.maxGas || 0)}`;
-  const maxGasLimit = customMaxGas || nonCustomMaxGasLimit;
+  const maxGasLimit = calculateMaxGasLimit(
+    usedQuote?.gasEstimate,
+    usedQuote?.gasMultiplier,
+    usedQuote?.maxGas,
+    customMaxGas,
+  );
 
   let maxFeePerGas;
   let maxPriorityFeePerGas;