Retained incident replay

SMALL2000 liquidation-cascade risk is elevated

What happened

Open interest expanded while funding reached an extreme and executable depth declined.

Why it matters

This deterministic condition affected mkts:SMALL2000 on mkts. It is evidence to review, not proof that a loss or manipulation occurred.

Lifecycle

• Status resolved; severity critical
• Detected 2026-08-28T00:00:23.003Z
• Current cycle 2026-09-19T00:00:24.765Z
• Resolved 2026-09-19T00:01:08.968Z

Recommended action

Compare the current oracle, mark, liquidity, funding, exposure, coverage, and freshness before changing a position or operating decision.

Open mkts:SMALL2000 market evidence

{
  "windowMs": 21600000,
  "openInterestChangePercent": 24.33305085176693,
  "depthChangePercent": -74.27362891690403,
  "fundingRateBps": -3.312,
  "fundingAbsolutePercentile": 99.54,
  "contextSamples": 72,
  "bookSamples": 70,
  "fundingSamples": 874
}