diff --git a/x/concentrated-liquidity/swaps.go b/x/concentrated-liquidity/swaps.go
index 3358c41f28e..d88a9b4a98c 100644
--- a/x/concentrated-liquidity/swaps.go
+++ b/x/concentrated-liquidity/swaps.go
@@ -259,6 +259,15 @@ func (k Keeper) computeOutAmtGivenIn(
 	if err != nil {
 		return sdk.Coin{}, sdk.Coin{}, sdk.Int{}, sdk.Dec{}, sdk.Dec{}, err
 	}
+
+	hasPositionInPool, err := k.HasAnyPositionForPool(ctx, poolId)
+	if err != nil {
+		return sdk.Coin{}, sdk.Coin{}, sdk.Int{}, sdk.Dec{}, sdk.Dec{}, err
+	}
+	if !hasPositionInPool {
+		return sdk.Coin{}, sdk.Coin{}, sdk.Int{}, sdk.Dec{}, sdk.Dec{}, types.NoSpotPriceWhenNoLiquidityError{PoolId: poolId}
+	}
+
 	asset0 := p.GetToken0()
 	asset1 := p.GetToken1()
 	tokenAmountInSpecified := tokenInMin.Amount.ToDec()
@@ -429,6 +438,15 @@ func (k Keeper) calcInAmtGivenOut(
 	if err != nil {
 		return writeCtx, sdk.Coin{}, sdk.Coin{}, sdk.Int{}, sdk.Dec{}, sdk.Dec{}, err
 	}
+
+	hasPositionInPool, err := k.HasAnyPositionForPool(ctx, poolId)
+	if err != nil {
+		return writeCtx, sdk.Coin{}, sdk.Coin{}, sdk.Int{}, sdk.Dec{}, sdk.Dec{}, err
+	}
+	if !hasPositionInPool {
+		return writeCtx, sdk.Coin{}, sdk.Coin{}, sdk.Int{}, sdk.Dec{}, sdk.Dec{}, types.NoSpotPriceWhenNoLiquidityError{PoolId: poolId}
+	}
+
 	asset0 := p.GetToken0()
 	asset1 := p.GetToken1()
 
diff --git a/x/concentrated-liquidity/swaps_test.go b/x/concentrated-liquidity/swaps_test.go
index f59e3049730..3204af9ec58 100644
--- a/x/concentrated-liquidity/swaps_test.go
+++ b/x/concentrated-liquidity/swaps_test.go
@@ -1602,6 +1602,38 @@ func (s *KeeperTestSuite) TestComputeAndSwapOutAmtGivenIn() {
 	}
 }
 
+func (s *KeeperTestSuite) TestSwapOutAmtGivenIn_NoPositions() {
+	s.SetupTest()
+
+	pool := s.PrepareConcentratedPool()
+
+	// perform swap
+	_, _, _, _, _, err := s.App.ConcentratedLiquidityKeeper.SwapOutAmtGivenIn(
+		s.Ctx, s.TestAccs[0], pool,
+		DefaultCoin0, DefaultCoin1.Denom,
+		sdk.ZeroDec(), sdk.ZeroDec(),
+	)
+
+	s.Require().Error(err)
+	s.Require().ErrorIs(err, types.NoSpotPriceWhenNoLiquidityError{PoolId: pool.GetId()})
+}
+
+func (s *KeeperTestSuite) TestSwapInAmtGivenOut_NoPositions() {
+	s.SetupTest()
+
+	pool := s.PrepareConcentratedPool()
+
+	// perform swap
+	_, _, _, _, _, err := s.App.ConcentratedLiquidityKeeper.SwapInAmtGivenOut(
+		s.Ctx, s.TestAccs[0], pool,
+		DefaultCoin0, DefaultCoin1.Denom,
+		sdk.ZeroDec(), sdk.ZeroDec(),
+	)
+
+	s.Require().Error(err)
+	s.Require().ErrorIs(err, types.NoSpotPriceWhenNoLiquidityError{PoolId: pool.GetId()})
+}
+
 func (s *KeeperTestSuite) TestSwapOutAmtGivenIn_TickUpdates() {
 	tests := make(map[string]SwapTest)
 	for name, test := range swapOutGivenInCases {