Retained incident replay

S liquidity is low relative to open interest

What happened

Two-sided depth within 1% is 4.43% of open interest.

Why it matters

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

Lifecycle

  • Status active; severity warning
  • Detected 2026-07-30T09:38:41.433Z
  • Current cycle 2026-09-20T01:04:09.642Z

Recommended action

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

Open S market evidence

Supporting evidence
{
  "depth100BpsUsd": 37279.288216,
  "openInterestNotionalUsd": 840828.851492,
  "adequacyPercent": 4.433635709556131,
  "thresholdPercent": 5
}