Retained incident replay

US500 liquidity is low relative to open interest

What happened

Two-sided depth within 1% is 4.92% of open interest.

Why it matters

This deterministic condition affected mkts:US500 on mkts. It is evidence to review, not proof that a loss or manipulation occurred.

Lifecycle

• Status resolved; severity warning
• Detected 2026-07-30T13:34:45.242Z
• Current cycle 2026-09-20T05:23:03.523Z
• Resolved 2026-09-20T05:25:58.192Z

Recommended action

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

Open mkts:US500 market evidence

{
  "depth100BpsUsd": 113812.01013,
  "openInterestNotionalUsd": 2311475.2142999996,
  "adequacyPercent": 4.92378241505248,
  "thresholdPercent": 5
}