> For the complete documentation index, see [llms.txt](https://roostlaunch.gitbook.io/roost-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://roostlaunch.gitbook.io/roost-docs/use-roost/trading-and-pricing.md).

# Trading and pricing

Trades execute against the market's Uniswap V4 pool. Each trade moves the pool price, and the final amount can differ from the quote when the market moves before confirmation.

* Price. The current pool price for one token.
* Market cap. Pool price multiplied by circulating supply.
* Volume. The value traded during the selected period.
* Liquidity. Assets available in the pool around the current price.
* Price impact. The pool movement caused by the size of a trade.
* Slippage. The maximum execution movement the transaction accepts.

***

#### Stock-paired markets

The pool price and the Stock Token's reference price are separate values. They can diverge when liquidity is thin, the underlying market is closed, an oracle updates, trading pauses, or a corporate action changes the asset. Roost shows both values where reference data is available. Divergence is a property of the market, not an error.


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