Leverage

Is leverage the same as available margin?

Often, leverage is often used in the context of a single perp position - this is not available margin. Available margin is applied to the portfolio as a whole and not a single position. Available Margin is the more important concept on WCM.

When you choose the size of your position, you are using your whole portfolio as collateral. Your leverage is not configured as a setting in the order panel, like on some other perps exchanges. Instead, it is implied by the size of your positions.

Each individual position consumes some available margin. You can attribute the quantity of margin consumption to a specific position; this position-specific margin consumption is similar to position leverage in an isolated margin context.

Portfolio Leverage

Leverage can be calculated as the total size of your positions divided by your total balance (the sum of the USDT value of your spot assets).

On WCM, users can safely take higher amounts of leverage for hedged portfolios, enabled by ATLAS - WCM's Risk Engine. Monitor your Available Margin and avoid it approaching 0 to manage your risk.