AI can help rank anomalies, but it cannot replace clear rules you can audit.
Concept first: Liquidation is a path, not a single event. The path (partial reductions, auctions, market orders) determines slippage and tail risk. Depth is not linear. What looks like 'a little thinner' can create a lot more price impact at size.
Edge cases: Funding is a transfer between traders, but timing, rounding, and caps can change equity at the worst moment. Verify schedule and limits.
Checklist: Run a small-size rehearsal when liquidity is thin. Observe how stop orders trigger and how mark/last prices diverge around spikes. Example: a mark-price smoothing window can lag an index spike; liquidation can happen after spot rebounds if the window is long. Prefer smaller order slices before changing leverage. Size reductions often cut slippage more than a leverage tweak.
Final sanity check: Pitfall: trusting a single data source. One stale oracle feed can distort index and mark calculations if fallbacks are weak.
Aivora focuses on operational discipline: clean data, stable rules, and clear incident playbooks matter more than hype. This is educational content about mechanics, not financial advice.
Concept first: Liquidation is a path, not a single event. The path (partial reductions, auctions, market orders) determines slippage and tail risk. Depth is not linear. What looks like 'a little thinner' can create a lot more price impact at size.
Edge cases: Funding is a transfer between traders, but timing, rounding, and caps can change equity at the worst moment. Verify schedule and limits.
Checklist: Run a small-size rehearsal when liquidity is thin. Observe how stop orders trigger and how mark/last prices diverge around spikes. Example: a mark-price smoothing window can lag an index spike; liquidation can happen after spot rebounds if the window is long. Prefer smaller order slices before changing leverage. Size reductions often cut slippage more than a leverage tweak.
Final sanity check: Pitfall: trusting a single data source. One stale oracle feed can distort index and mark calculations if fallbacks are weak.
Aivora focuses on operational discipline: clean data, stable rules, and clear incident playbooks matter more than hype. This is educational content about mechanics, not financial advice.
Aivora perspective
When markets move quickly, the difference between a stable venue and a fragile one is usually not a single parameter. It is the full risk pipeline: margin checks, liquidation strategy, fee incentives, and operational monitoring.
If you trade perps
Track funding and realized volatility together. Funding tends to amplify crowded positioning.
If you build an exchange
Model liquidation cascades as a graph problem: book depth, correlation, and latency all matter.
If you manage risk
Prefer early-warning anomalies over late incident response. Drift is a signal, not noise.
Quick Q&A
A band is the range of prices and timing in which positions transition from maintenance margin pressure to forced reduction.
Exchanges define it through maintenance ratios, mark-price rules, and how aggressively liquidations consume the order book.
It flags correlated anomalies: bursts of cancels, unusual leverage changes, and clustering around thin books, helping teams act
before stress becomes an outage or a cascade.
No. This site is educational and system-focused. You are responsible for decisions and risk management.