Advanced Execution

Orders are automatically routed across 13 exchanges for best execution:

• Price comparison — real-time best bid/ask across all venues
• Liquidity analysis — routes to venues with deepest order books
• Fee optimization — considers maker/taker fees, VIP tiers, token discounts
• Latency-aware — factors in network latency to each exchange

Result: consistently better fills than single-exchange execution.

For larger orders, advanced execution algorithms minimize market impact:

• TWAP — Time-Weighted Average Price, splits order evenly over time
• VWAP — Volume-Weighted, concentrates execution during high-volume periods
• Iceberg — shows only a small visible portion, refills automatically

All algos adapt slice sizes based on real-time volatility and order book depth.

The system continuously monitors price discrepancies across 14 venues:

• Spatial arb — same asset, different price on different exchanges
• Triangular arb — price inconsistencies across trading pairs
• Funding arb — long spot + short perp when funding is elevated

Execution is atomic — both legs must fill or neither does. Latency-optimized for sub-100ms round-trip.

Full perpetual futures support with:

• Funding rate arbitrage — earn funding by taking the less-crowded side
• Basis trading — spot vs futures spread capture
• Leverage management — dynamic leverage based on regime and conviction
• Auto-deleverage protection — predictive liquidation engine monitors margin health

Leverage is always bounded by your Risk Level setting.