# Leverage ## Is leverage the same as available margin? Often in crypto, "leverage" is used in the context of a single perp position. World is different in that it looks at portfolio-level, instead of position-level risk. While [Available Margin & Collateral](/essentials/available-margin-and-collateral.md) is not exactly the same as "leverage", these concepts are related in that they are different ways to measure and manage risk. 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. Instead, it is implied by the size of your positions. Your max leverage available in any single position is also determined by your whole portfolio. ## 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 World, users can safely take higher amounts of leverage for hedged portfolios, enabled by [ATLAS - World's Risk Engine](/tl-dr-unique-features/atlas.md). This metric is a helpful heuristic to some traders; it is not used in any calculations and does not trigger liquidation. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.world.inc/essentials/leverage.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.