Reasonable site selection, blocking to meet design standards, interception and drainage and other protective measures are the basic conditions for not causing disaster in slag disposal site. A hydropower station is located in mountainous area, the amount of slag abandoned is large, the grade of slag disposal field is high, and the site selection is difficult. On the basis of in Situ deformation monitoring, the slope stability of slag disposal site is calculated by Swedish arc method through the analysis of the scale, grade, site selection, surrounding environment, cut and discharge, blocking and protection design standards of slag disposal site. Under normal and abnormal operating conditions, the slope stability of slag disposal site meets the requirements of the code, and the results of in Situ deformation monitoring verify the calculation results of slope stability of slag disposal site by Swedish circular arc method.