One embodiment of the present invention provides a switching system. The switching system includes a plurality of line cards, each of which includes one or more ports, a processor, one or more switch fabric cards for facilitating switching among the line cards, and a memory storing instructions for facilitating efficient hot-swapping. During operation, the switching system identifies a hot-swapping event of a first switch fabric card based on a data structure indicating the one or more switch fabric cards. The hot-swapping event indicates insertion or removal of the first switch fabric card while the switching system remains in an operational state. The switching system then determines an event type associated with the hot-swapping event and manages the first switch fabric card based on the determined event type.