Retained incident replay

TOTAL2 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:TOTAL2 on para. It is evidence to review, not proof that a loss or manipulation occurred.

Lifecycle

• Status resolved; severity critical
• Detected 2026-08-20T16:00:32.598Z
• Current cycle 2026-09-28T02:00:24.829Z
• Resolved 2026-09-28T02:02:32.230Z

Recommended action

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

Open para:TOTAL2 market evidence

{
  "windowMs": 21600000,
  "openInterestChangePercent": 71.95536207363826,
  "depthChangePercent": -36.57670356270261,
  "fundingRateBps": -2.1147,
  "fundingAbsolutePercentile": 99.08,
  "contextSamples": 72,
  "bookSamples": 70,
  "fundingSamples": 874
}