Retained incident replay

STX 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 para:STX on para. It is evidence to review, not proof that a loss or manipulation occurred.

Lifecycle

• Status resolved; severity critical
• Detected 2026-07-30T13:29:41.852Z
• Current cycle 2026-09-27T11:09:20.269Z
• Resolved 2026-09-27T11:31:14.418Z

Recommended action

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

Open para:STX market evidence

{
  "windowMs": 21600000,
  "openInterestChangePercent": 168.31511890133956,
  "depthChangePercent": -66.04174804367288,
  "fundingRateBps": 4.1349,
  "fundingAbsolutePercentile": 99.54,
  "contextSamples": 72,
  "bookSamples": 71,
  "fundingSamples": 879
}