Retained incident replay

JPY liquidity is low relative to open interest

What happened

Two-sided depth within 1% is 4.73% of open interest.

Why it matters

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

Lifecycle

• Status resolved; severity warning
• Detected 2026-07-30T13:09:43.425Z
• Current cycle 2026-09-21T11:06:51.158Z
• Resolved 2026-09-21T11:07:34.352Z

Recommended action

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

Open xyz:JPY market evidence

{
  "depth100BpsUsd": 1375789.7676000001,
  "openInterestNotionalUsd": 29074640.1522,
  "adequacyPercent": 4.731923629658054,
  "thresholdPercent": 5
}