diff --git a/packages/sanity/src/core/util/__tests__/rxSwr.test.ts b/packages/sanity/src/core/util/__tests__/rxSwr.test.ts
new file mode 100644
index 000000000000..18d273e7fcdf
--- /dev/null
+++ b/packages/sanity/src/core/util/__tests__/rxSwr.test.ts
@@ -0,0 +1,55 @@
+import {describe, expect, it} from '@jest/globals'
+import {lastValueFrom, timer} from 'rxjs'
+import {map, toArray} from 'rxjs/operators'
+
+import {createSWR} from '../rxSwr'
+
+describe('rxSwr', () => {
+  it('should cache the last known value and emit sync', async () => {
+    const swr = createSWR({maxSize: 1})
+
+    const observable = timer(100).pipe(
+      map(() => 'value!'),
+      swr('someKey'),
+      toArray(),
+    )
+
+    expect(await lastValueFrom(observable)).toEqual([{fromCache: false, value: 'value!'}])
+
+    // Second subscription, now with warm cache
+    expect(await lastValueFrom(observable)).toEqual([
+      {fromCache: true, value: 'value!'},
+      {fromCache: false, value: 'value!'},
+    ])
+  })
+
+  it('should discard old cache keys when exceeding maxSize', async () => {
+    const swr = createSWR({maxSize: 1})
+
+    const observable1 = timer(100).pipe(
+      map(() => 'observable1!'),
+      swr('key1'),
+      toArray(),
+    )
+
+    expect(await lastValueFrom(observable1)).toEqual([{fromCache: false, value: 'observable1!'}])
+
+    // Second subscription, now with warm cache
+    expect(await lastValueFrom(observable1)).toEqual([
+      {fromCache: true, value: 'observable1!'},
+      {fromCache: false, value: 'observable1!'},
+    ])
+
+    const observable2 = timer(100).pipe(
+      map(() => 'observable2!'),
+      swr('key2'),
+      toArray(),
+    )
+
+    // Subscribing to observable2 should purge the key of observable1
+    expect(await lastValueFrom(observable2)).toEqual([{fromCache: false, value: 'observable2!'}])
+
+    // re-subscribing to the first should now not have a cache
+    expect(await lastValueFrom(observable1)).toEqual([{fromCache: false, value: 'value!'}])
+  })
+})
diff --git a/packages/sanity/src/core/util/rxSwr.ts b/packages/sanity/src/core/util/rxSwr.ts
index 34166640738e..7a70997ba4a7 100644
--- a/packages/sanity/src/core/util/rxSwr.ts
+++ b/packages/sanity/src/core/util/rxSwr.ts
@@ -2,6 +2,10 @@ import QuickLRU from 'quick-lru'
 import {concat, defer, EMPTY, map, type Observable, of, type OperatorFunction} from 'rxjs'
 import {tap} from 'rxjs/operators'
 
+/**
+ * The interface that any caching layer must implement
+ * @internal
+ */
 interface SWRCache<T> {
   /**
    * Note: This will throw if key does not exist. Always check for existence with `has` before calling
@@ -38,6 +42,11 @@ export function createSWR<T>(options: {maxSize: number}) {
   }
 }
 
+/**
+ * For now, the only cache layer implemented is an in-memory LRU.
+ * @param options - LRU options
+ * @internal
+ */
 function createLRUCache<T>(options: {maxSize: number}): SWRCache<T> {
   const lru = new QuickLRU<string, {value: T}>(options)
   return {