Does the Socialized Loss Calculation Consider the Trader’s Initial Margin?

The socialized loss calculation does not directly consider the initial margin. It is calculated based on the net deficit remaining after the liquidation and the depletion of the insurance fund.

The loss is then allocated proportionally based on the profitability and size of the opposing positions, not the initial collateral used to open them.

How Is a Trader’s Position Size Factored into the ADL Process?
What Is the Difference between “Virtual Size” and “Actual Size” of a Transaction?
How Does an Exchange Calculate the Proportional Share of a Socialized Loss for a Trader?
How Does Auto-Deleveraging (ADL) Work and Why Does an Exchange Try to Avoid It?
What Is the Typical Percentage of Liquidation Fees Allocated to the Insurance Fund?
What Is the “Auto-Deleveraging” System (ADL)?
What Is the Maximum Loss a Trader Can Incur with Isolated Margin?
Is a Trader Liable for the Deficit If the Insurance Fund Is Also Depleted?

Glossar