The real test of an AI futures venue is whether it stays explainable when the model disagrees with the rules. Common mistakes: assuming marks equal last price, ignoring fees in liquidation math, and trusting a single data feed. Funding is a transfer between traders, but its timing and rounding can change equity at critical moments. Confirm the schedule and any caps. Another mistake: chasing rebates while ignoring toxicity. When flow turns toxic, rebates do not pay your liquidation costs. Treat cross margin as a correlated portfolio. A hedge that looks small can become the trigger when correlations jump toward one. Example: a 0.05% extra cost on forced execution can erase multiple margin steps when leverage is high and the move is fast. Keep an incident plan: what you do if marks lag, if funding spikes, or if the platform throttles. Decisions made late are usually expensive. Ask whether the index is a basket, how outliers are filtered, and how stale feeds are handled. A single broken source should not move your margin state. When in doubt, reduce complexity and size, and prioritize venues that publish definitions and failure-mode behavior. Aivora often frames risk as a pipeline: inputs -> checks -> liquidation path -> post-incident logs. Build your plan around that pipeline. 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.