What raises your ranking score: leverage
Same entry, mark price and MMR tier — only leverage changes.
| Leverage | Leveraged ROE | Ranking score |
|---|
What raises your ranking score: asset tier (MMR)
Same entry, mark price and leverage — only the maintenance-margin-rate tier changes. Lower MMR (blue-chip assets) means a bigger denominator divisor and a much higher score for the same profit.
| Tier | MMR | Ranking score |
|---|
Why profitable traders get force-closed, not just losing ones
Every centralized perpetual futures exchange guarantees that when a trader gets liquidated, their loss never exceeds their margin — the exchange eats the difference via its insurance fund. In a fast, violent move, a large liquidated position can blow through what the insurance fund can absorb. Rather than take the loss onto the exchange's own balance sheet, the exchange closes out part of the opposite side's most profitable positions at the bankruptcy price — instantly, with no stop order, no warning, and no way to opt out. That's auto-deleveraging (ADL), and it's the reason a wildly profitable position can suddenly get force-closed the moment the market moves hardest in your favor.
The queue is ordered by a ranking score, not first-come-first-served: exchanges compute leveraged ROE% ÷ maintenance margin ratio for every profitable position on the losing side's opposite, and the highest scores get deleveraged first. Leveraged ROE% is your raw price return multiplied by leverage — a 15% price move at 20x leverage is a 300% ROE, not 15%. Dividing by MMR means the exchange's own risk tiers matter: a blue-chip asset with a razor-thin 0.4% maintenance margin rate produces a far larger ranking score than the same ROE on a 5% MMR meme-coin tier, because you're dividing the same numerator by a much smaller number.
Losing positions are essentially never at ADL risk — a negative ROE% divided (or multiplied, in the losing-side formula) by a small MMR stays close to zero, so the queue is always headed by the biggest, most leveraged winners first. This is also why the score is a relative ranking, not an absolute threshold: your exchange's 1-to-5-light ADL indicator reflects where your score sits versus every other trader currently holding the same side of the same contract, which changes constantly and isn't published as raw data. This calculator gives you the exact formula and shows what moves your own number — check the liquidation price for the opposite risk (you, not your counterparty, being closed out) and the Rekt Risk Score for an overall danger rating of the trade itself.
FAQ
What is auto-deleveraging (ADL)? When a liquidated trader's position can't be closed at a good enough price and the exchange's insurance fund isn't large enough to cover the shortfall, the exchange force-closes part of the most profitable, most highly-leveraged opposing positions instead — at the bankruptcy price, without a stop order and without warning. That's auto-deleveraging: it happens to profitable traders, not losing ones, and it's the mechanism of last resort behind every perpetual futures exchange's insurance fund.
How is the ADL ranking score calculated? Exchanges rank all opposing positions by leveraged return (ROE%) divided by maintenance margin ratio for profitable positions — the same leveraged-return-over-margin-ratio formula used by Bybit, OKX and others. Higher score means higher priority in the deleveraging queue. Losing positions get a near-zero or negative score and are essentially never at ADL risk, since they're headed toward liquidation instead.
Is a high ADL score bad? Only during a rare insurance-fund-depletion event on the opposite side of your trade — most of the time a high score just means your position is highly profitable and well-leveraged, which is exactly what every trader wants. The score becomes relevant only in a violent one-sided move that liquidates a large opposing position beyond what the insurance fund can absorb. The ranking is also relative to every other trader holding the same side, so your exact queue position depends on live exchange data this calculator can't see — but the formula and what moves your own number are fully computable.