​What it Means:
Margin Health measures how much real capital a firm has in its liquidity provider (LP) margin accounts compared to how much it should have to properly A-book all its traders based on drawdown limits and profit splits. It reflects how well the firm can back the risk it’s exposing itself to — and whether it’s positioned to handle payouts without delay or fragility.

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Why it Matters:
A high Margin Health means the firm isn’t bluffing risk — it’s got the funds to actually mirror traders’ positions in the real market. It also signals stability in payout operations. A low Margin Health means the firm might be skating thin and could struggle to cover real trade routing or withdrawals.

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​How We Calculate It (Simplified):
We check how much money the firm is actually holding in its margin accounts, then compare that to the minimum capital it needs to mirror all active traders at the level they’re entitled to earn profits.

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To maintain clean financial hygiene, we don’t show a firms exact margin balance to the public, but we do display this stat live, with the calculation hashed and time-stamped on-chain for transparency.