Retained incident replay

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

Lifecycle

• Status resolved; severity critical
• Detected 2026-07-30T15:12:40.411Z
• Current cycle 2026-09-14T00:01:02.944Z
• Resolved 2026-09-14T00:01:44.909Z

Recommended action

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

Open para:TER market evidence

{
  "windowMs": 21600000,
  "openInterestChangePercent": 57.327729366151495,
  "depthChangePercent": -76.90830428144156,
  "fundingRateBps": -5.9844,
  "fundingAbsolutePercentile": 100,
  "contextSamples": 73,
  "bookSamples": 70,
  "fundingSamples": 873
}