Placing a trade
With Verus you describe the position you want and let Verus choose where it executes. This page covers the order flow, sizing, leverage, and where to see your savings.
Entering a position
- Select your asset and leverage. If your leverage is above a given venue’s cap, that venue is excluded from routing for this trade.
- Enter your trade size. Optionally enter an expected hold time so Verus includes funding costs in the venue comparison (see Best execution).
- Open the trade. Verus routes it automatically to the venue with the lowest all-in cost and sends only that trade’s collateral there. No extra wallet confirmations are needed.
You do not choose the venue. Verus models the full cost of your exact trade on each eligible venue and routes to the cheapest one.
Sizing in USD
When you size a trade in USD, the number you enter is the position’s notional
value, not the margin you put up. Verus converts it to a token size at the
current price (size = usd / price), and your leverage then determines how much
collateral is locked.
For example, $1,000 of BTC at a price of $50,000 is 0.02 BTC of notional, regardless of leverage. At 10x leverage that locks roughly $100 of collateral; at 5x it locks roughly $200.
The converted token size is rounded down to the venue’s size tick, so the
effective notional may be slightly less than the USD you typed (typing $20
on a high-priced asset can floor to, say, $19.28). The margin display always
shows the actual notional that will execute, not the USD you typed.
Leverage and risk
Leverage sets how much collateral backs your notional. Higher leverage locks less collateral but moves your liquidation price closer.
Higher leverage means a closer liquidation price. Even a small position can be fully liquidated on a modest adverse move. Only risk what you can afford to lose.
Isolated margin
Every position uses isolated margin. Only the collateral for that trade is sent to the routed venue, and a liquidation can consume only that collateral, not your other positions or your account balance.
Closing a trade
When you close, your collateral plus any realized profit (or minus any loss) returns from the venue to your account. From there you can redeploy it or withdraw to an external address. See Deposits & withdrawals.
Order types
Today Verus exposes market and limit orders. Limit orders default to Good Till Cancel (GTC). Take-profit and stop-loss order types are not available yet; they will appear here when they ship.
Your savings
After a trade closes, open the Savings tab to see your realized savings: the amount you actually saved versus the alternative venues, based on the trade that really happened, not just the pre-trade simulation.