> ## Documentation Index
> Fetch the complete documentation index at: https://docs.vanna.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# Spot Swap

> Swap tokens inside your margin account on Soroswap or Aquarius, with a live health-factor preview and route.

**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](https://mintcdn.com/vannafinance/nTvFas2wipJFpeKy/images/stellar/trade/spot-swap.png?fit=max\&auto=format\&n=nTvFas2wipJFpeKy\&q=85\&s=ca0a04f28aca012f448e1bf268e6569d)

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

| Venue | Pool | USDC token |
| - | - | - |
| **Soroswap** | XLM / SoUSDC | SoUSDC |
| **Aquarius** | XLM / AqUSDC | AqUSDC |

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.

> [!NOTE]
>
> You need a margin account with tokens in it to swap. Fund it with [Deposit Collateral](https://docs.vanna.finance/stellar/guides/margin/deposit-collateral.md) or [Borrow](https://docs.vanna.finance/stellar/guides/margin/borrow.md).

## 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](https://docs.vanna.finance/stellar/guides/margin/health-factor.md).


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