Bitget upgrades ADL pricing to use mark price on forced deleveraging

The change makes auto-deleveraging execution closer to prevailing market levels, helping traders better gauge portfolio impact and plan risk management.

Summary

Bitget has completed an upgrade to its ADL (auto-deleveraging) trade-pricing mechanism. Under the change, when an insurance fund account triggers ADL and is matched against an opposing position, the execution price will use the prevailing mark price, bringing ADL fills closer to actual market conditions. The exchange said the adjustment should help users assess ADL’s potential impact on positions and trading strategies more accurately, supporting risk management and strategy planning.

Terms & Concepts
  • ADL: Auto-deleveraging, a forced position reduction system.
  • mark price: A reference price used to reflect fair market value.
  • insurance fund: A reserve used to help absorb trading losses.