diff --git a/src/assets/translations/en/main.json b/src/assets/translations/en/main.json
index d2b0968d772..13a8489cb46 100644
--- a/src/assets/translations/en/main.json
+++ b/src/assets/translations/en/main.json
@@ -759,7 +759,8 @@
     "unknownGas": "(unknown)",
     "receiveAddress": "Receive Address",
     "receiveAddressDescription": "No %{chainName} address found from connected wallet. Manually enter address to continue.",
-    "addressPlaceholder": "%{chainName} address"
+    "addressPlaceholder": "%{chainName} address",
+    "priceImpactWarning": "Due to the size of this trade relative to available liquidity, the expected price impact of this trade is %{priceImpactPercentage}%. Are you sure you want to trade?"
   },
   "modals": {
     "popup": {
diff --git a/src/components/MultiHopTrade/components/TradeConfirm/TradeConfirm.tsx b/src/components/MultiHopTrade/components/TradeConfirm/TradeConfirm.tsx
index a40490b9519..f30a67372b7 100644
--- a/src/components/MultiHopTrade/components/TradeConfirm/TradeConfirm.tsx
+++ b/src/components/MultiHopTrade/components/TradeConfirm/TradeConfirm.tsx
@@ -35,7 +35,7 @@ import { WalletActions } from 'context/WalletProvider/actions'
 import { useErrorHandler } from 'hooks/useErrorToast/useErrorToast'
 import { useLocaleFormatter } from 'hooks/useLocaleFormatter/useLocaleFormatter'
 import { useWallet } from 'hooks/useWallet/useWallet'
-import { bnOrZero, positiveOrZero } from 'lib/bignumber/bignumber'
+import { bn, bnOrZero, positiveOrZero } from 'lib/bignumber/bignumber'
 import { getTxLink } from 'lib/getTxLink'
 import { firstNonZeroDecimal } from 'lib/math'
 import { getMixPanel } from 'lib/mixpanel/mixPanelSingleton'
@@ -48,6 +48,7 @@ import {
   selectActiveStepOrDefault,
   selectActiveSwapperName,
   selectBuyAmountBeforeFeesCryptoPrecision,
+  selectBuyAmountBeforeFeesUserCurrency,
   selectFirstHop,
   selectFirstHopNetworkFeeCryptoPrecision,
   selectFirstHopSellAsset,
@@ -124,8 +125,9 @@ export const TradeConfirm = () => {
   const swapperName = useAppSelector(selectActiveSwapperName)
   const defaultFeeAsset = useAppSelector(selectFirstHopSellFeeAsset)
   const netBuyAmountCryptoPrecision = useAppSelector(selectNetBuyAmountCryptoPrecision)
-  const slippage = useAppSelector(selectTradeSlippagePercentageDecimal)
+  const slippageDecimal = useAppSelector(selectTradeSlippagePercentageDecimal)
   const netBuyAmountUserCurrency = useAppSelector(selectNetBuyAmountUserCurrency)
+  const buyAmountBeforeFeesUserCurrency = useAppSelector(selectBuyAmountBeforeFeesUserCurrency)
   const sellAmountBeforeFeesUserCurrency = useAppSelector(selectSellAmountUserCurrency)
   const networkFeeCryptoHuman = useAppSelector(selectFirstHopNetworkFeeCryptoPrecision)
   const networkFeeUserCurrency = useAppSelector(selectTotalNetworkFeeUserCurrencyPrecision)
@@ -150,6 +152,22 @@ export const TradeConfirm = () => {
 
   const txHash = buyTxHash ?? sellTxHash
 
+  const priceImpactPercentage = useMemo(() => {
+    if (!sellAmountBeforeFeesUserCurrency || !buyAmountBeforeFeesUserCurrency) return bn(0)
+
+    const tradeDifference = bn(sellAmountBeforeFeesUserCurrency)
+      .minus(buyAmountBeforeFeesUserCurrency)
+      .abs()
+
+    return tradeDifference.div(sellAmountBeforeFeesUserCurrency).times(100)
+  }, [sellAmountBeforeFeesUserCurrency, buyAmountBeforeFeesUserCurrency])
+
+  const isHighPriceImpact = useMemo(() => {
+    if (!priceImpactPercentage) return false
+
+    return priceImpactPercentage.gt(10)
+  }, [priceImpactPercentage])
+
   const getSellTxLink = useCallback(
     (sellTxHash: string) =>
       getTxLink({
@@ -206,6 +224,16 @@ export const TradeConfirm = () => {
         return
       }
 
+      const shouldContinueTrade =
+        !isHighPriceImpact ||
+        window.confirm(
+          translate('trade.priceImpactWarning', {
+            priceImpactPercentage: priceImpactPercentage.toFixed(2),
+          }),
+        )
+
+      if (!shouldContinueTrade) return
+
       await executeTrade()
       // only track after swapper successfully executes trade
       // otherwise unsigned txs will be tracked as confirmed trades
@@ -224,8 +252,11 @@ export const TradeConfirm = () => {
     handleBack,
     history,
     isConnected,
+    isHighPriceImpact,
     mixpanel,
+    priceImpactPercentage,
     showErrorToast,
+    translate,
     wallet,
     walletDispatch,
   ])
@@ -331,7 +362,7 @@ export const TradeConfirm = () => {
           amountBeforeFeesCryptoPrecision={buyAmountBeforeFeesCryptoPrecision ?? ''}
           protocolFees={tradeQuoteStep?.feeData.protocolFees}
           shapeShiftFee='0'
-          slippage={slippage}
+          slippage={slippageDecimal}
           fiatAmount={positiveOrZero(netBuyAmountUserCurrency).toFixed(2)}
           swapperName={swapperName ?? ''}
           intermediaryTransactionOutputs={tradeQuoteStep?.intermediaryTransactionOutputs}
@@ -349,7 +380,7 @@ export const TradeConfirm = () => {
       buyAmountBeforeFeesCryptoPrecision,
       tradeQuoteStep?.feeData.protocolFees,
       tradeQuoteStep?.intermediaryTransactionOutputs,
-      slippage,
+      slippageDecimal,
       netBuyAmountUserCurrency,
       swapperName,
       donationAmount,
diff --git a/src/state/slices/tradeQuoteSlice/selectors.ts b/src/state/slices/tradeQuoteSlice/selectors.ts
index b19ca9f85e8..22ebcb76ea6 100644
--- a/src/state/slices/tradeQuoteSlice/selectors.ts
+++ b/src/state/slices/tradeQuoteSlice/selectors.ts
@@ -362,6 +362,15 @@ export const selectNetBuyAmountUserCurrency = createSelector(
   },
 )
 
+export const selectBuyAmountBeforeFeesUserCurrency = createSelector(
+  selectBuyAmountBeforeFeesCryptoPrecision,
+  selectBuyAssetUserCurrencyRate,
+  (buyAmountBeforeFeesCryptoPrecision, buyAssetUserCurrencyRate) => {
+    if (!buyAmountBeforeFeesCryptoPrecision || !buyAssetUserCurrencyRate) return
+    return bn(buyAmountBeforeFeesCryptoPrecision).times(buyAssetUserCurrencyRate).toFixed()
+  },
+)
+
 export const selectSellAmountUsd = createSelector(
   selectSellAmountCryptoPrecision,
   selectSellAssetUsdRate,