If a futures platform feels 'random' under stress, the randomness is usually in definitions and fallbacks.
What it is: Write down the exact references used: index price, mark price, and last price. Then confirm which reference drives margin checks and liquidation triggers. Funding is not a fee to the exchange; it is a transfer. The schedule and caps matter more than the headline number.
What to check: Funding is a transfer between traders, but timing, rounding, and caps can change equity at the worst moment. Verify schedule and limits.
How to test it: Track funding together with basis and realized volatility. The combination is a better crowding signal than any single metric. Example: small funding transfers compound; over several cycles they can materially shift equity and your maintenance buffer. If you automate, use scoped API keys, IP allow-lists, and exponential backoff. Limits often tighten exactly when volatility rises.
Common pitfalls: Pitfall: ignoring fees and funding in liquidation math. The platform can close you earlier than your stop-loss plan expects.
Aivora focuses on operational discipline: clean data, stable rules, and clear incident playbooks matter more than hype. Derivatives are risky; test assumptions before you scale size.
What it is: Write down the exact references used: index price, mark price, and last price. Then confirm which reference drives margin checks and liquidation triggers. Funding is not a fee to the exchange; it is a transfer. The schedule and caps matter more than the headline number.
What to check: Funding is a transfer between traders, but timing, rounding, and caps can change equity at the worst moment. Verify schedule and limits.
How to test it: Track funding together with basis and realized volatility. The combination is a better crowding signal than any single metric. Example: small funding transfers compound; over several cycles they can materially shift equity and your maintenance buffer. If you automate, use scoped API keys, IP allow-lists, and exponential backoff. Limits often tighten exactly when volatility rises.
Common pitfalls: Pitfall: ignoring fees and funding in liquidation math. The platform can close you earlier than your stop-loss plan expects.
Aivora focuses on operational discipline: clean data, stable rules, and clear incident playbooks matter more than hype. Derivatives are risky; test assumptions before you scale size.
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.