Retained incident replay

SMCI liquidity is low relative to open interest

What happened

Two-sided depth within 1% is 0.15% of open interest.

Why it matters

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

Lifecycle

• Status resolved; severity critical
• Detected 2026-08-15T22:49:03.066Z
• Current cycle 2026-09-19T10:55:26.228Z
• Resolved 2026-09-19T11:03:26.261Z

Recommended action

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

Open para:SMCI market evidence

{
  "depth100BpsUsd": 197.54944999999998,
  "openInterestNotionalUsd": 129764.840368,
  "adequacyPercent": 0.15223649906998662,
  "thresholdPercent": 5
}