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Trade → Spot swaps tokens that your margin account holds, through Soroswap or Aquarius. The tokens never leave the account, so whatever you receive keeps counting as collateral. Spot is the only trading surface on Stellar; there are no perps or options.
Spot swap card with the via Soroswap dropdown open showing Soroswap (XLM / SoUSDC pool, selected) and Aquarius (XLM / AqUSDC pool), 10 XLM in and 1.6920992 SoUSDC out, a quote line 1 XLM = 0.169556 SoUSDC with HF 1.82 to 1.82, a one-hop Soroswap route from XLM to SoUSDC, and a Margin account card showing health factor 1.82, account leverage 2.21x, borrowed $1,388.42 and swappable XLM

Swapping 10 XLM to SoUSDC via Soroswap: the venue picker, the quote line with the health factor before → after, the route, and the Margin account card. Click the image to zoom.

Venues

Pick the venue from the via ▾ menu next to Swap. Each venue only lists its own pair, and the token list resets when you switch.

Swap

1

Pick the venue

Open Trade → Spot and choose Soroswap or Aquarius.
2

Enter what you pay

Choose the token and amount under You Pay, or use the % chips and Max. Swappable is what the margin account holds of that token.
3

Check the quote

The quote line shows the rate and HF before → after. Expand it for the minimum received and slippage. The Route card shows the hops and venue.
4

Check the Margin account card

It shows health factor, account leverage, borrowed, and swappable balance, each before → after this swap.
5

Swap

Click Swap and approve in your wallet.

Safety checks

  • Health-factor floor: if a swap would lower your health factor below 1.15, the button turns into “Health factor would fall below 1.15” and the swap is blocked. Between 1.15 and 1.25 it shows an amber warning.
  • Slippage: Auto is 0.5%. The settings gear lets you pick 0.1%, 0.5% or 1.0%, or a custom value; above 3% the app warns you.
  • Quotes move. Prices can change between quote and execution; the minimum received protects you.
You need a margin account with tokens in it to swap. Fund it with Deposit Collateral or Borrow.

History

Position History under the swap card lists your margin account’s swaps on both venues, newest first. Portfolio → Trader → Spot shows the same list. See Health Factor.