Transparency
uUS500Live
What backs the token, where the keeper’s lines are, and every action it has taken. Read straight from the keeper’s own records.
Last snapshot 13 s ago
Leverage bandin band
3.00x
2.70x3.00x3.30x4.00x
Venue equity / notionalbetween floor and ceiling
17.4%
12.5%17.5%22.5%12.5%
Action ladder
At what underlying move does each keeper action fire, from the latest snapshot and this token's policy.
−13%
−9%
−4%
+4%
+9%
+13%
$648.81
$680.43
$722.92
$732.18
$810.50
$816.24
$765.56
If the price falls
- Band edge 3.30x−4.4% · $732.18Rebalance down to target (any hour)
- Margin floor 12.5% of notional−5.6% · $722.92Top up collateral from idle
- Hard delever 4.00x−11.1% · $680.43Emergency delever to target, market order
- Liquidation (est.)−15.3% · $648.81Phoenix liquidates the account; the stop and top-ups sit well before this
If the price rises
- Band edge 2.70x+5.9% · $810.50Rebalance up to target (external session only)
- Margin ceiling 22.5% of notional+6.6% · $816.24Withdraw excess collateral to idle
Computed from realised leverage 2.999x and venue equity at 17.4% of notional at mark $765.56, holding everything else fixed. Margin distances follow this token's own policy: lower tiers post more collateral, so a 2x token has further to fall than a 3x one (D27). Liquidation is where equity reaches the 2.5% maintenance margin Phoenix requires on notional (registry value, Q13); the on-chain stop and the keeper's top-ups are designed to act well before it. Estimates for reading, not for trading.
Leverage over time
Realised leverage against the band, the target and the hard-delever line. Markers are keeper actions; hover for reason, before/after and fill.
Realised leverageBand 2.7x–3.3xHard delever 4.0xRebalanceEmergency delever
Margin over time
Venue equity (collateral plus unrealised PnL) as a share of notional, against the floor, target and ceiling. Distances do not depend on leverage. Top-ups and withdrawals are the keeper's margin loop; the stop is refreshed after every rebalance.
Venue equity / notionalFloor 12.5% – ceiling 22.5%Top-upWithdraw excessStop set
Buffers and capacity
Idle USDC pays instant redemptions and Jupiter sells; collateral sits at Phoenix; the cap bounds TVL against Phoenix depth.
Idle USDC in vault2,395 of 5,001 USDC · 47.9%
Collateral at Phoenix (share of NAV)2,620 USDC · equity 17.4% of notional
Pending redemptionsnone
Cap used$5,001.06 of $250.0K
- LP supply
- 5,020 uUS500
- NAV per token
- 0.996214 USDC
- Unrealised PnL
- −14.02 USDC
- Funding (annualised)
- —
Session
How the underlying is being priced right now.
impact pricingImpact pricing
The underlying exchange is closed. Phoenix prices the market from its own order flow, bounded to 1/max-leverage from the last external print. NAV marks to that price. Only defensive rebalances run; NAV shows "internal pricing".
- Mark
- $765.56
- Index
- none (no external print)
- Pool price
- no pool
- Premium to NAV
- —
- Realised vs target
- 2.999x / 3.0x
Keeper liveness
Heartbeats, halted flag and per-loop status. Two keepers on different RPCs are the target.
- keeper-stagingv0.1.0 · surfpool#0 · heartbeat 11 s agostream ✓dMSTR:band ✓dMSTR:stop ✓dMSTR:tick ✓dNVDA:band ✓dNVDA:stop ✓dNVDA:tick ✓dTSLA:band ✓dTSLA:stop ✓dTSLA:tick ✗ 1uMSTR:band ✓uMSTR:stop ✓uMSTR:tick ✓uNVDA:band ✓uNVDA:stop ✓uNVDA:tick ✓uTSLA:band ✓uTSLA:stop ✓uTSLA:tick ✗ 1dMSTR:crank ✓dMSTR:guard ✓dNVDA:crank ✓dNVDA:guard ✓dTSLA:crank ✓dTSLA:guard ✓dUS100:band ✓dUS100:stop ✓dUS100:tick ✓dUS500:band ✓dUS500:stop ✓dUS500:tick ✓uMSTR:crank ✓uMSTR:guard ✓uNVDA:crank ✓uNVDA:guard ✓uTSLA:crank ✓uTSLA:guard ✓uUS100:band ✓uUS100:stop ✓uUS100:tick ✓uUS500:band ✓uUS500:stop ✓uUS500:tick ✓dMSTR:inflow ✓dMSTR:margin ✓dMSTR:redeem ✓dNVDA:inflow ✓dNVDA:margin ✓dNVDA:redeem ✓dTSLA:inflow ✓dTSLA:margin ✓dTSLA:redeem ✓dUS100:crank ✓dUS100:guard ✓dUS500:crank ✓dUS500:guard ✓uMSTR:inflow ✓uMSTR:margin ✓uMSTR:redeem ✓uNVDA:inflow ✓uNVDA:margin ✓uNVDA:redeem ✓uTSLA:inflow ✓uTSLA:margin ✓uTSLA:redeem ✓uUS100:crank ✓uUS100:guard ✓uUS500:crank ✓uUS500:guard ✓dMSTR:harvest ✗ 1dNVDA:harvest ✓dTSLA:harvest ✓dUS100:inflow ✓dUS100:margin ✓dUS100:redeem ✓dUS500:inflow ✓dUS500:margin ✓dUS500:redeem ✓uMSTR:harvest ✗ 1uNVDA:harvest ✗ 1uTSLA:harvest ✓uUS100:inflow ✓uUS100:margin ✓uUS100:redeem ✓uUS500:inflow ✓uUS500:margin ✓uUS500:redeem ✓dUS100:harvest ✗ 1dUS500:harvest ✗ 1uUS100:harvest ✗ 1uUS500:harvest ✗ 1
- keeper-ahaltedv0.1.0 · test · heartbeat 55 min ago (stale)
Alerts
Raised by the keeper, resolved when the condition clears.
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 23:21 UTC → resolved 1.4 d agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · uUS50012 Sep 23:17 UTC → resolved 10 min agouUS500: tick failed: Hawkeye return data expected at least 8 bytes, got 0
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 23:10 UTC → resolved 28 min agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · uUS50012 Sep 22:47 UTC → resolved 38 min agouUS500: tick failed: hawkeye view_margin_for_asset SPY did not settle within 15000 ms
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 22:30 UTC → resolved 1.1 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · uUS50012 Sep 22:08 UTC → resolved 1.3 h agouUS500: tick failed: fetch failed
- warningTICK_FAILED · uUS50012 Sep 21:59 UTC → resolved 1.6 h agouUS500: tick failed: Hawkeye return data expected at least 8 bytes, got 0
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 20:41 UTC → resolved 3.0 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 20:40 UTC → resolved 3.0 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 20:39 UTC → resolved 3.0 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 20:39 UTC → resolved 3.0 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 20:36 UTC → resolved 3.1 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 20:33 UTC → resolved 3.1 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 20:30 UTC → resolved 3.2 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 20:29 UTC → resolved 3.2 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 20:28 UTC → resolved 3.2 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · uUS50012 Sep 20:26 UTC → resolved 3.2 h agouUS500: tick failed: phoenix /exchange/markets -> 429
- warningTICK_FAILED · uUS50012 Sep 20:24 UTC → resolved 3.3 h agouUS500: tick failed: phoenix /exchange/markets -> 429
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 20:23 UTC → resolved 3.3 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 20:21 UTC → resolved 3.3 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · uUS50012 Sep 20:20 UTC → resolved 3.3 h agouUS500: tick failed: phoenix /exchange/markets -> 429
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 20:16 UTC → resolved 3.4 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · uUS50012 Sep 20:14 UTC → resolved 3.4 h agouUS500: tick failed: phoenix /exchange/markets -> 429
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 20:13 UTC → resolved 3.4 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 20:10 UTC → resolved 3.5 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 20:06 UTC → resolved 3.6 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · uUS50012 Sep 20:05 UTC → resolved 3.6 h agouUS500: tick failed: phoenix /exchange/markets -> 429
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 20:03 UTC → resolved 3.6 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 19:58 UTC → resolved 3.7 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 19:57 UTC → resolved 3.7 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 19:55 UTC → resolved 3.7 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · uUS50012 Sep 19:51 UTC → resolved 3.8 h agouUS500: tick failed: phoenix /exchange/markets -> 429
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 19:49 UTC → resolved 3.8 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 19:44 UTC → resolved 3.9 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 19:43 UTC → resolved 3.9 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 19:41 UTC → resolved 4.0 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · uUS50012 Sep 19:41 UTC → resolved 4.0 h agouUS500: tick failed: phoenix /exchange/markets -> 429
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 19:38 UTC → resolved 4.0 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 19:33 UTC → resolved 4.1 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 19:31 UTC → resolved 4.1 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 19:28 UTC → resolved 4.2 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 19:21 UTC → resolved 4.3 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 19:18 UTC → resolved 4.4 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 19:17 UTC → resolved 4.4 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 19:16 UTC → resolved 4.4 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 19:14 UTC → resolved 4.4 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 19:12 UTC → resolved 4.5 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 19:10 UTC → resolved 4.5 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
- warningTICK_FAILED · uUS50012 Sep 19:09 UTC → resolved 4.5 h agouUS500: tick failed: phoenix /exchange/markets -> 429
- warningDEPTH_UNAVAILABLE · uUS50012 Sep 19:07 UTC → resolved 4.5 h agouUS500: order-book depth unreadable; expansion is refused and defensive slices use the fallback depth
Event log
Every action planned, sent or observed for this token, newest first.
| Time | Kind | Status | Reason | Leverage | Amount | Fill / mark | Slip | Tx |
|---|---|---|---|---|---|---|---|---|
| 12 Sep 23:23 UTC | Rebalance | confirmed | test | — | 1,000.00 USDC | — | — | — |
| 12 Sep 23:23 UTC | Mint | failed | test | — | 5,000.00 USDC | — | — | — |
| 12 Sep 23:23 UTC | Mint | confirmed | test | — | 10,000.00 USDC | — | — | — |
| 12 Sep 22:59 UTC | Rebalance | confirmed | test | — | 1,000.00 USDC | — | — | — |
| 12 Sep 22:59 UTC | Mint | failed | test | — | 5,000.00 USDC | — | — | — |
| 12 Sep 22:59 UTC | Mint | confirmed | test | — | 10,000.00 USDC | — | — | — |
| 12 Sep 22:46 UTC | Rebalance | confirmed | test | — | 1,000.00 USDC | — | — | — |
| 12 Sep 22:46 UTC | Mint | failed | test | — | 5,000.00 USDC | — | — | — |
| 12 Sep 22:46 UTC | Mint | confirmed | test | — | 10,000.00 USDC | — | — | — |
| 12 Sep 13:45 UTC | Withdraw excess margin | backtest | idle 45.02% below the 47.50% redemption target; returning 160739193 raw USDC to idle | 2.71x → 2.71x | 160.74 USDC | — | — | — |
| 12 Sep 13:35 UTC | Withdraw excess margin | backtest | idle 45.05% below the 47.50% redemption target; returning 188790030 raw USDC to idle | 2.82x → 2.82x | 188.79 USDC | — | — | — |
| 12 Sep 13:35 UTC | Withdraw excess margin | backtest | idle 45.39% below the 47.50% redemption target; returning 134384263 raw USDC to idle | 2.78x → 2.78x | 134.38 USDC | — | — | — |
| 12 Sep 13:35 UTC | Withdraw excess margin | backtest | idle 45.11% below the 47.50% redemption target; returning 180571049 raw USDC to idle | 2.75x → 2.75x | 180.57 USDC | — | — | — |
| 12 Sep 13:35 UTC | Withdraw excess margin | backtest | idle 45.42% below the 47.50% redemption target; returning 128089813 raw USDC to idle | 2.75x → 2.75x | 128.09 USDC | — | — | — |
| 12 Sep 13:25 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 3.00x → 3.00x | — | — | — | — |
| 12 Sep 13:25 UTC | Rebalance | backtest | leverage 2.69x < band_lo 2.70x; rebalancing 3238806512 raw USDC of notional toward 3.00x | 2.69x → 3.00x | 3,239 ntl | 532.30 / 532.30 | 0.00% | — |
| 12 Sep 13:20 UTC | Withdraw excess margin | backtest | idle 45.36% below the 47.50% redemption target; returning 131152472 raw USDC to idle | 2.80x → 2.80x | 131.15 USDC | — | — | — |
| 12 Sep 13:15 UTC | Withdraw excess margin | backtest | idle 45.36% below the 47.50% redemption target; returning 130584810 raw USDC to idle | 2.87x → 2.87x | 130.58 USDC | — | — | — |
| 12 Sep 13:15 UTC | Withdraw excess margin | backtest | idle 45.39% below the 47.50% redemption target; returning 124468325 raw USDC to idle | 2.83x → 2.83x | 124.47 USDC | — | — | — |
| 12 Sep 13:10 UTC | Withdraw excess margin | backtest | idle 45.17% below the 47.50% redemption target; returning 169950677 raw USDC to idle | 2.92x → 2.92x | 169.95 USDC | — | — | — |
| 12 Sep 13:10 UTC | Withdraw excess margin | backtest | idle 45.18% below the 47.50% redemption target; returning 166812509 raw USDC to idle | 2.84x → 2.84x | 166.81 USDC | — | — | — |
| 12 Sep 12:55 UTC | Withdraw excess margin | backtest | idle 45.27% below the 47.50% redemption target; returning 130657258 raw USDC to idle | 2.89x → 2.89x | 130.66 USDC | — | — | — |
| 12 Sep 12:50 UTC | Rebalance | backtest | leverage 2.70x < band_lo 2.70x; rebalancing 2142973856 raw USDC of notional toward 3.00x | 2.70x → 3.00x | 2,143 ntl | 519.60 / 519.60 | 0.00% | — |
| 12 Sep 12:50 UTC | Withdraw excess margin | backtest | idle 45.04% below the 47.50% redemption target; returning 142984522 raw USDC to idle | 2.96x → 2.96x | 142.98 USDC | — | — | — |
| 12 Sep 12:50 UTC | Withdraw excess margin | backtest | idle 45.38% below the 47.50% redemption target; returning 119076999 raw USDC to idle | 2.91x → 2.91x | 119.08 USDC | — | — | — |
| 12 Sep 12:45 UTC | Withdraw excess margin | backtest | idle 45.17% below the 47.50% redemption target; returning 161890384 raw USDC to idle | 2.71x → 2.71x | 161.89 USDC | — | — | — |
| 12 Sep 12:45 UTC | Withdraw excess margin | backtest | idle 45.08% below the 47.50% redemption target; returning 165390740 raw USDC to idle | 2.93x → 2.93x | 165.39 USDC | — | — | — |
| 12 Sep 12:40 UTC | Rebalance | backtest | leverage 2.69x < band_lo 2.70x; rebalancing 1743197252 raw USDC of notional toward 3.00x | 2.69x → 3.00x | 1,743 ntl | 515.62 / 515.62 | 0.00% | — |
| 12 Sep 12:35 UTC | Withdraw excess margin | backtest | idle 45.18% below the 47.50% redemption target; returning 129974180 raw USDC to idle | 2.98x → 2.98x | 129.97 USDC | — | — | — |
| 12 Sep 12:30 UTC | Rebalance | backtest | leverage 2.69x < band_lo 2.70x; rebalancing 1719520140 raw USDC of notional toward 3.00x | 2.69x → 3.00x | 1,720 ntl | 511.62 / 511.62 | 0.00% | — |
| 12 Sep 12:30 UTC | Rebalance | backtest | leverage 2.69x < band_lo 2.70x; rebalancing 2050666284 raw USDC of notional toward 3.00x | 2.69x → 3.00x | 2,051 ntl | 511.62 / 511.62 | 0.00% | — |
| 12 Sep 12:30 UTC | Rebalance | backtest | leverage 2.69x < band_lo 2.70x; rebalancing 1669581832 raw USDC of notional toward 3.00x | 2.69x → 3.00x | 1,670 ntl | 511.62 / 511.62 | 0.00% | — |
| 12 Sep 12:30 UTC | Withdraw excess margin | backtest | idle 45.09% below the 47.50% redemption target; returning 129742934 raw USDC to idle | 2.69x → 2.69x | 129.74 USDC | — | — | — |
| 12 Sep 12:25 UTC | Withdraw excess margin | backtest | idle 45.47% below the 47.50% redemption target; returning 111857871 raw USDC to idle | 2.75x → 2.75x | 111.86 USDC | — | — | — |
| 12 Sep 12:20 UTC | Withdraw excess margin | backtest | idle 45.33% below the 47.50% redemption target; returning 143435775 raw USDC to idle | 2.80x → 2.80x | 143.44 USDC | — | — | — |
| 12 Sep 12:20 UTC | Withdraw excess margin | backtest | idle 45.39% below the 47.50% redemption target; returning 136941357 raw USDC to idle | 2.72x → 2.72x | 136.94 USDC | — | — | — |
| 12 Sep 12:05 UTC | Withdraw excess margin | backtest | idle 45.45% below the 47.50% redemption target; returning 109078008 raw USDC to idle | 2.76x → 2.76x | 109.08 USDC | — | — | — |
| 12 Sep 12:00 UTC | Withdraw excess margin | backtest | idle 45.44% below the 47.50% redemption target; returning 108743823 raw USDC to idle | 2.82x → 2.82x | 108.74 USDC | — | — | — |
| 12 Sep 12:00 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 3.00x → 3.00x | — | — | — | — |
| 12 Sep 12:00 UTC | Rebalance | backtest | leverage 2.69x < band_lo 2.70x; rebalancing 2747206673 raw USDC of notional toward 3.00x | 2.69x → 3.00x | 2,747 ntl | 501.96 / 501.96 | 0.00% | — |
| 12 Sep 12:00 UTC | Withdraw excess margin | backtest | idle 45.47% below the 47.50% redemption target; returning 103499460 raw USDC to idle | 2.78x → 2.78x | 103.50 USDC | — | — | — |
| 12 Sep 11:55 UTC | Withdraw excess margin | backtest | idle 45.37% below the 47.50% redemption target; returning 134322823 raw USDC to idle | 2.89x → 2.89x | 134.32 USDC | — | — | — |
| 12 Sep 11:55 UTC | Withdraw excess margin | backtest | idle 45.43% below the 47.50% redemption target; returning 128241017 raw USDC to idle | 2.80x → 2.80x | 128.24 USDC | — | — | — |
| 12 Sep 11:45 UTC | Withdraw excess margin | backtest | idle 45.19% below the 47.50% redemption target; returning 117465090 raw USDC to idle | 2.84x → 2.84x | 117.47 USDC | — | — | — |
| 12 Sep 11:40 UTC | Withdraw excess margin | backtest | idle 45.26% below the 47.50% redemption target; returning 113027608 raw USDC to idle | 2.91x → 2.91x | 113.03 USDC | — | — | — |
| 12 Sep 11:40 UTC | Withdraw excess margin | backtest | idle 45.30% below the 47.50% redemption target; returning 107763719 raw USDC to idle | 2.86x → 2.86x | 107.76 USDC | — | — | — |
| 12 Sep 11:35 UTC | Withdraw excess margin | backtest | idle 45.21% below the 47.50% redemption target; returning 137891670 raw USDC to idle | 2.98x → 2.98x | 137.89 USDC | — | — | — |
| 12 Sep 11:35 UTC | Withdraw excess margin | backtest | idle 45.09% below the 47.50% redemption target; returning 142950382 raw USDC to idle | 2.88x → 2.88x | 142.95 USDC | — | — | — |
| 12 Sep 11:30 UTC | Rebalance | backtest | leverage 2.70x < band_lo 2.70x; rebalancing 1787074226 raw USDC of notional toward 3.00x | 2.70x → 3.00x | 1,787 ntl | 490.08 / 490.08 | 0.00% | — |
| 12 Sep 11:20 UTC | Withdraw excess margin | backtest | idle 45.46% below the 47.50% redemption target; returning 98789993 raw USDC to idle | 2.93x → 2.93x | 98.79 USDC | — | — | — |
| 12 Sep 11:15 UTC | Withdraw excess margin | backtest | attempt 2: Failed query: update "events" set "slot" = $1, "status" = $2, "tx_sig" = $3, "leverage_after_bps" = $4, "slippage_bps" = $5, "details" = $6 where "events"."id" = $7 params: 262,simulated,replay-uUS500-451,28284,,{"idempotencyKey":"uUS500:margin:withdraw_excess:29820195:98663954","loop":"margin","attempt":2,"sender":"replay"},5914 | 2.83x → 2.83x | 98.66 USDC | — | — | — |
| 12 Sep 11:15 UTC | Withdraw excess margin | backtest | idle 45.46% below the 47.50% redemption target; returning 94920223 raw USDC to idle | 2.95x → 2.95x | 94.92 USDC | — | — | — |
| 12 Sep 11:05 UTC | Withdraw excess margin | backtest | idle 45.23% below the 47.50% redemption target; returning 130200504 raw USDC to idle | 2.76x → 2.76x | 130.20 USDC | — | — | — |
| 12 Sep 11:05 UTC | Withdraw excess margin | backtest | idle 45.26% below the 47.50% redemption target; returning 126188970 raw USDC to idle | 2.98x → 2.98x | 126.19 USDC | — | — | — |
| 12 Sep 11:00 UTC | Rebalance | backtest | leverage 2.70x < band_lo 2.70x; rebalancing 1419008138 raw USDC of notional toward 3.00x | 2.70x → 3.00x | 1,419 ntl | 482.02 / 482.02 | 0.00% | — |
| 12 Sep 11:00 UTC | Rebalance | backtest | leverage 2.70x < band_lo 2.70x; rebalancing 1692433436 raw USDC of notional toward 3.00x | 2.70x → 3.00x | 1,692 ntl | 482.02 / 482.02 | 0.00% | — |
| 12 Sep 11:00 UTC | Rebalance | backtest | leverage 2.70x < band_lo 2.70x; rebalancing 1377871689 raw USDC of notional toward 3.00x | 2.70x → 3.00x | 1,378 ntl | 482.02 / 482.02 | 0.00% | — |
| 12 Sep 10:55 UTC | Withdraw excess margin | backtest | idle 45.12% below the 47.50% redemption target; returning 110458286 raw USDC to idle | 2.71x → 2.71x | 110.46 USDC | — | — | — |
| 12 Sep 10:50 UTC | Withdraw excess margin | backtest | idle 45.37% below the 47.50% redemption target; returning 98224501 raw USDC to idle | 2.91x → 2.91x | 98.22 USDC | — | — | — |
| 12 Sep 10:50 UTC | Withdraw excess margin | backtest | idle 45.05% below the 47.50% redemption target; returning 109195330 raw USDC to idle | 2.73x → 2.73x | 109.20 USDC | — | — | — |
| 12 Sep 10:40 UTC | Withdraw excess margin | backtest | idle 45.04% below the 47.50% redemption target; returning 134466844 raw USDC to idle | 2.85x → 2.85x | 134.47 USDC | — | — | — |
| 12 Sep 10:40 UTC | Withdraw excess margin | backtest | idle 45.11% below the 47.50% redemption target; returning 128255261 raw USDC to idle | 2.77x → 2.77x | 128.26 USDC | — | — | — |
| 12 Sep 10:35 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 3.00x → 3.00x | — | — | — | — |
| 12 Sep 10:35 UTC | Rebalance | backtest | leverage 2.68x < band_lo 2.70x; rebalancing 2406014204 raw USDC of notional toward 3.00x | 2.68x → 3.00x | 2,406 ntl | 473.29 / 473.29 | 0.00% | — |
| 12 Sep 10:30 UTC | Withdraw excess margin | backtest | attempt 1: Failed query: update "events" set "slot" = $1, "status" = $2, "tx_sig" = $3, "leverage_after_bps" = $4, "slippage_bps" = $5, "details" = $6 where "events"."id" = $7 params: 253,simulated,replay-uUS500-435,28041,,{"idempotencyKey":"uUS500:margin:withdraw_excess:29820150:99785113","loop":"margin","attempt":1,"sender":"replay"},5902 | 2.80x → 2.80x | 99.79 USDC | — | — | — |
| 12 Sep 10:30 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 2.70x → 2.70x | — | — | — | — |
| 12 Sep 10:30 UTC | Withdraw excess margin | backtest | idle 45.32% below the 47.50% redemption target; returning 163792536 raw USDC to idle | 2.70x → 2.70x | 163.79 USDC | — | — | — |
| 12 Sep 10:25 UTC | Withdraw excess margin | backtest | idle 45.13% below the 47.50% redemption target; returning 100453338 raw USDC to idle | 2.82x → 2.82x | 100.45 USDC | — | — | — |
| 12 Sep 10:15 UTC | Withdraw excess margin | backtest | idle 45.01% below the 47.50% redemption target; returning 128665421 raw USDC to idle | 2.95x → 2.95x | 128.67 USDC | — | — | — |
| 12 Sep 10:15 UTC | Withdraw excess margin | backtest | idle 45.03% below the 47.50% redemption target; returning 125917438 raw USDC to idle | 2.86x → 2.86x | 125.92 USDC | — | — | — |
| 12 Sep 10:05 UTC | Withdraw excess margin | backtest | idle 44.98% below the 47.50% redemption target; returning 105707954 raw USDC to idle | 2.89x → 2.89x | 105.71 USDC | — | — | — |
| 12 Sep 10:05 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 2.78x → 2.78x | — | — | — | — |
| 12 Sep 10:05 UTC | Withdraw excess margin | backtest | idle 45.07% below the 47.50% redemption target; returning 173996214 raw USDC to idle | 2.78x → 2.78x | 174.00 USDC | — | — | — |
| 12 Sep 10:00 UTC | Withdraw excess margin | backtest | idle 45.11% below the 47.50% redemption target; returning 95975079 raw USDC to idle | 2.92x → 2.92x | 95.98 USDC | — | — | — |
| 12 Sep 09:55 UTC | Withdraw excess margin | backtest | idle 44.88% below the 47.50% redemption target; returning 100039380 raw USDC to idle | 3.03x → 3.03x | 100.04 USDC | — | — | — |
| 12 Sep 09:50 UTC | Withdraw excess margin | backtest | idle 45.14% below the 47.50% redemption target; returning 114015108 raw USDC to idle | 2.96x → 2.96x | 114.02 USDC | — | — | — |
| 12 Sep 09:45 UTC | Withdraw excess margin | backtest | idle 45.14% below the 47.50% redemption target; returning 41747157 raw USDC to idle | 3.09x → 3.09x | 41.75 USDC | — | — | — |
| 12 Sep 09:40 UTC | Withdraw excess margin | backtest | idle 44.46% below the 47.50% redemption target; returning 55749869 raw USDC to idle | 3.11x → 3.11x | 55.75 USDC | — | — | — |
| 12 Sep 09:40 UTC | Rebalance | backtest | leverage 2.69x < band_lo 2.70x; rebalancing 1235811264 raw USDC of notional toward 3.00x | 2.69x → 3.00x | 1,236 ntl | 454.86 / 454.86 | 0.00% | — |
| 12 Sep 09:40 UTC | Withdraw excess margin | backtest | idle 45.11% below the 47.50% redemption target; returning 94776596 raw USDC to idle | 2.69x → 2.69x | 94.78 USDC | — | — | — |
| 12 Sep 09:40 UTC | Rebalance | backtest | leverage 2.69x < band_lo 2.70x; rebalancing 1479970722 raw USDC of notional toward 3.00x | 2.69x → 3.00x | 1,480 ntl | 454.86 / 454.86 | 0.00% | — |
| 12 Sep 09:40 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 2.88x → 2.88x | — | — | — | — |
| 12 Sep 09:40 UTC | Withdraw excess margin | backtest | idle 45.19% below the 47.50% redemption target; returning 157147172 raw USDC to idle | 2.88x → 2.88x | 157.15 USDC | — | — | — |
| 12 Sep 09:40 UTC | Rebalance | backtest | leverage 2.70x < band_lo 2.70x; rebalancing 1169303534 raw USDC of notional toward 3.00x | 2.70x → 3.00x | 1,169 ntl | 454.86 / 454.86 | 0.00% | — |
| 12 Sep 09:35 UTC | Withdraw excess margin | backtest | idle 45.10% below the 47.50% redemption target; returning 91507807 raw USDC to idle | 2.71x → 2.71x | 91.51 USDC | — | — | — |
| 12 Sep 09:30 UTC | Withdraw excess margin | backtest | attempt 1: Failed query: update "events" set "slot" = $1, "status" = $2, "tx_sig" = $3, "leverage_after_bps" = $4, "slippage_bps" = $5, "details" = $6 where "events"."id" = $7 params: 241,simulated,replay-uUS500-446,31585,,{"idempotencyKey":"uUS500:margin:withdraw_excess:29820090:38282182","loop":"margin","attempt":1,"sender":"replay"},8118 | 3.16x → 3.16x | 38.28 USDC | — | — | — |
| 12 Sep 09:25 UTC | Withdraw excess margin | backtest | idle 45.34% below the 47.50% redemption target; returning 99073914 raw USDC to idle | 2.74x → 2.74x | 99.07 USDC | — | — | — |
| 12 Sep 09:15 UTC | Withdraw excess margin | backtest | attempt 1: Failed query: update "events" set "slot" = $1, "status" = $2, "tx_sig" = $3, "leverage_after_bps" = $4, "slippage_bps" = $5, "details" = $6 where "events"."id" = $7 params: 238,simulated,replay-uUS500-435,27637,,{"idempotencyKey":"uUS500:margin:withdraw_excess:29820075:90868535","loop":"margin","attempt":1,"sender":"replay"},8111 | 2.76x → 2.76x | 90.87 USDC | — | — | — |
| 12 Sep 09:15 UTC | Withdraw excess margin | backtest | idle 45.15% below the 47.50% redemption target; returning 88442993 raw USDC to idle | 2.78x → 2.78x | 88.44 USDC | — | — | — |
| 12 Sep 09:15 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 2.99x → 2.99x | — | — | — | — |
| 12 Sep 09:15 UTC | Withdraw excess margin | backtest | margin 33.49% of notional > ceiling 22.50%; returning 3075481316 raw USDC to idle | 2.99x → 2.99x | 3,075.48 USDC | — | — | — |
| 12 Sep 09:10 UTC | Set stop | backtest | no conditional stop resting; placing one at the 7.50% equity trigger | 3.00x → 3.00x | — | — | — | — |
| 12 Sep 09:10 UTC | Rebalance | backtest | leverage 0.00x < band_lo 2.70x; rebalancing 19165869819 raw USDC of notional toward 3.00x | 0.00x → 3.00x | 19,166 ntl | 444.94 / 444.89 | 0.00% | — |
| 12 Sep 09:10 UTC | Withdraw excess margin | backtest | idle 45.33% below the 47.50% redemption target; returning 78610112 raw USDC to idle | 2.80x → 2.80x | 78.61 USDC | — | — | — |
| 12 Sep 08:55 UTC | Withdraw excess margin | backtest | idle 45.46% below the 47.50% redemption target; returning 89324988 raw USDC to idle | 2.82x → 2.82x | 89.32 USDC | — | — | — |
| 12 Sep 08:40 UTC | Withdraw excess margin | backtest | idle 45.43% below the 47.50% redemption target; returning 74165397 raw USDC to idle | 2.87x → 2.87x | 74.17 USDC | — | — | — |
| 12 Sep 08:35 UTC | Withdraw excess margin | backtest | idle 45.21% below the 47.50% redemption target; returning 79205646 raw USDC to idle | 2.89x → 2.89x | 79.21 USDC | — | — | — |
| 12 Sep 08:25 UTC | Withdraw excess margin | backtest | idle 45.47% below the 47.50% redemption target; returning 85279379 raw USDC to idle | 2.90x → 2.90x | 85.28 USDC | — | — | — |
| 12 Sep 08:15 UTC | Withdraw excess margin | backtest | attempt 1: Failed query: update "events" set "slot" = $1, "status" = $2, "tx_sig" = $3, "leverage_after_bps" = $4, "slippage_bps" = $5, "details" = $6 where "events"."id" = $7 params: 226,simulated,replay-uUS500-404,29184,,{"idempotencyKey":"uUS500:margin:withdraw_excess:29820015:83626989","loop":"margin","attempt":1,"sender":"replay"},8097 | 2.92x → 2.92x | 83.63 USDC | — | — | — |
| 12 Sep 08:05 UTC | Margin top-up | backtest | margin 11.18% of notional < floor 12.50%; topping up 639499152 raw USDC to 17.50% | 2.97x → 2.97x | 639.50 USDC | — | — | — |
| 12 Sep 08:05 UTC | Withdraw excess margin | backtest | idle 41.41% below the 47.50% redemption target; returning 201014182 raw USDC to idle | 2.98x → 2.98x | 201.01 USDC | — | — | — |
| 12 Sep 08:00 UTC | Withdraw excess margin | backtest | attempt 1: Failed query: update "events" set "slot" = $1, "status" = $2, "tx_sig" = $3, "leverage_after_bps" = $4, "slippage_bps" = $5, "details" = $6 where "events"."id" = $7 params: 223,simulated,replay-uUS500-384,29902,,{"idempotencyKey":"uUS500:margin:withdraw_excess:29820000:663306697","loop":"margin","attempt":1,"sender":"replay"},5864 | 2.99x → 2.99x | 663.31 USDC | — | — | — |
| 12 Sep 08:00 UTC | Withdraw excess margin | backtest | idle 34.97% below the 47.50% redemption target; returning 504431139 raw USDC to idle | 2.99x → 2.99x | 504.43 USDC | — | — | — |
| 12 Sep 08:00 UTC | Rebalance | backtest | leverage 3.33x > band_hi 3.30x; rebalancing -1074220281 raw USDC of notional toward 3.00x | 3.33x → 3.00x | −1,074 ntl | 428.88 / 428.97 | 0.01% | — |
| 12 Sep 08:00 UTC | Withdraw excess margin | backtest | margin 24.05% of notional > ceiling 22.50%; returning 714937196 raw USDC to idle | 3.33x → 3.33x | 714.94 USDC | — | — | — |
| 12 Sep 07:55 UTC | Rebalance | backtest | leverage 4.10x > band_hi 3.30x; rebalancing -3709711180 raw USDC of notional toward 3.00x | 4.10x → 3.00x | −3,710 ntl | 427.60 / 427.98 | 0.08% | — |
| 12 Sep 07:55 UTC | Withdraw excess margin | backtest | margin 24.36% of notional > ceiling 22.50%; returning 945504510 raw USDC to idle | 4.10x → 4.10x | 945.50 USDC | — | — | — |
| 12 Sep 07:55 UTC | Rebalance | backtest | leverage 3.70x > band_hi 3.30x; rebalancing -2817790716 raw USDC of notional toward 3.00x | 3.70x → 3.00x | −2,818 ntl | 427.68 / 427.98 | 0.06% | — |
| 12 Sep 07:55 UTC | Withdraw excess margin | backtest | idle 16.95% below the 47.50% redemption target; returning 729520642 raw USDC to idle | 3.70x → 3.70x | 729.52 USDC | — | — | — |
| 12 Sep 07:55 UTC | Rebalance | backtest | leverage 4.57x > band_hi 3.30x; rebalancing -4000000000 raw USDC of notional toward 3.00x | 4.57x → 3.35x | −4,000 ntl | 427.56 / 427.98 | 0.09% | — |
| 12 Sep 07:55 UTC | Withdraw excess margin | backtest | idle 0.00% below the 47.50% redemption target; returning 653245483 raw USDC to idle | 4.57x → 4.57x | 653.25 USDC | — | — | — |
| 12 Sep 07:50 UTC | Rebalance | backtest | leverage 3.86x > band_hi 3.30x; rebalancing -3445715865 raw USDC of notional toward 3.00x | 3.86x → 3.00x | −3,446 ntl | 426.41 / 426.75 | 0.07% | — |
| 12 Sep 07:50 UTC | Withdraw excess margin | backtest | attempt 1: Failed query: update "events" set "slot" = $1, "status" = $2, "tx_sig" = $3, "leverage_after_bps" = $4, "slippage_bps" = $5, "details" = $6 where "events"."id" = $7 params: 221,simulated,replay-uUS500-387,38640,,{"idempotencyKey":"uUS500:margin:withdraw_excess:29819990:1291182378","loop":"margin","attempt":1,"sender":"replay"},8089 | 3.86x → 3.86x | 1,291.18 USDC | — | — | — |
| 12 Sep 07:50 UTC | Withdraw excess margin | backtest | idle 0.00% below the 47.50% redemption target; returning 678364273 raw USDC to idle | 4.74x → 4.74x | 678.36 USDC | — | — | — |
| 12 Sep 07:50 UTC | Rebalance | backtest | leverage 7.10x > band_hi 3.30x; rebalancing -4000000000 raw USDC of notional toward 3.00x | 7.10x → 5.35x | −4,000 ntl | 426.32 / 426.75 | 0.09% | — |
| 12 Sep 07:45 UTC | Rebalance | backtest | leverage 9.74x > band_hi 3.30x; rebalancing -4000000000 raw USDC of notional toward 3.00x | 9.74x → 7.88x | −4,000 ntl | 425.21 / 425.64 | 0.09% | — |
| 12 Sep 07:40 UTC | Rebalance | backtest | attempt 1: Failed query: update "events" set "slot" = $1, "status" = $2, "tx_sig" = $3, "leverage_after_bps" = $4, "fill_price" = $5, "slippage_bps" = $6, "details" = $7 where "events"."id" = $8 params: 219,simulated,replay-uUS500-380,80085,424.408155309715,9,{"targetNotionalRaw":"11751250848","fullGapRaw":"-23574461794","idempotencyKey":"uUS500:band:rebalance:59639960:-4000000000","loop":"band","attempt":1,"sender":"replay"},4273 | 12.46x → 10.48x | −4,000 ntl | 424.41 / 424.83 | 0.09% | — |
| 12 Sep 07:35 UTC | Rebalance | backtest | leverage 15.68x > band_hi 3.30x; rebalancing -4000000000 raw USDC of notional toward 3.00x | 15.68x → 13.49x | −4,000 ntl | 422.93 / 423.35 | 0.09% | — |
| 12 Sep 07:30 UTC | Rebalance | backtest | leverage 18.93x > band_hi 3.30x; rebalancing -4000000000 raw USDC of notional toward 3.00x | 18.93x → 16.54x | −4,000 ntl | 422.04 / 422.46 | 0.09% | — |
| 12 Sep 07:25 UTC | Rebalance | backtest | leverage 23.21x > band_hi 3.30x; rebalancing -4000000000 raw USDC of notional toward 3.00x | 23.21x → 20.47x | −4,000 ntl | 420.53 / 420.95 | 0.09% | — |
| 12 Sep 07:20 UTC | Rebalance | backtest | leverage 28.27x > band_hi 3.30x; rebalancing -4000000000 raw USDC of notional toward 3.00x | 28.27x → 25.05x | −4,000 ntl | 419.14 / 419.56 | 0.09% | — |
| 12 Sep 07:15 UTC | Rebalance | backtest | leverage 32.92x > band_hi 3.30x; rebalancing -4000000000 raw USDC of notional toward 3.00x | 32.92x → 29.33x | −4,000 ntl | 418.43 / 418.85 | 0.09% | — |
| 12 Sep 07:10 UTC | Rebalance | backtest | leverage 38.81x > band_hi 3.30x; rebalancing -4000000000 raw USDC of notional toward 3.00x | 38.81x → 34.64x | −4,000 ntl | 417.56 / 417.97 | 0.09% | — |
| 12 Sep 07:05 UTC | Rebalance | backtest | leverage 45.76x > band_hi 3.30x; rebalancing -600000000 raw USDC of notional toward 3.00x | 45.76x → 42.19x | −600 ntl | 416.39 / 416.81 | 0.09% | — |
| 12 Sep 07:00 UTC | Rebalance | backtest | leverage 24.47x > band_hi 3.30x; rebalancing -600000000 raw USDC of notional toward 3.00x | 24.47x → 23.37x | −600 ntl | 424.80 / 425.23 | 0.09% | — |
| 12 Sep 06:55 UTC | Rebalance | backtest | leverage 17.40x > band_hi 3.30x; rebalancing -600000000 raw USDC of notional toward 3.00x | 17.40x → 16.83x | −600 ntl | 432.54 / 432.98 | 0.09% | — |
| 12 Sep 06:50 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 13.09x → 13.09x | — | — | — | — |
| 12 Sep 06:50 UTC | Rebalance | backtest | attempt 1: Failed query: update "events" set "slot" = $1, "status" = $2, "tx_sig" = $3, "leverage_after_bps" = $4, "fill_price" = $5, "slippage_bps" = $6, "details" = $7 where "events"."id" = $8 params: 209,simulated,replay-uUS500-339,130482,441.146408980771,9,{"targetNotionalRaw":"22549217853","fullGapRaw":"-76115671487","idempotencyKey":"uUS500:band:rebalance:59639860:-600000000","loop":"band","attempt":1,"sender":"replay"},4221 | 13.31x → 12.97x | −600 ntl | 441.15 / 441.59 | 0.09% | — |
| 12 Sep 06:50 UTC | Margin top-up | backtest | strategy equity/notional 6.46% at or below the stop trigger 7.50%; topping up 1000000000 raw USDC from idle, spending through the Jupiter routing floor because solvency wins | 13.39x → 13.13x | 1,000.00 USDC | — | — | — |
| 12 Sep 06:45 UTC | Rebalance | backtest | attempt 1: Failed query: update "events" set "slot" = $1, "status" = $2, "tx_sig" = $3, "leverage_after_bps" = $4, "fill_price" = $5, "slippage_bps" = $6, "details" = $7 where "events"."id" = $8 params: 208,simulated,replay-uUS500-339,99128,450.011638254382,9,{"targetNotionalRaw":"30075320451","fullGapRaw":"-69893931632","idempotencyKey":"uUS500:band:rebalance:59639850:-600000000","loop":"band","attempt":1,"sender":"replay"},4215 | 10.82x → 10.64x | −600 ntl | 450.01 / 450.46 | 0.09% | — |
| 12 Sep 06:40 UTC | Rebalance | backtest | attempt 1: Failed query: update "events" set "slot" = $1, "status" = $2, "tx_sig" = $3, "leverage_after_bps" = $4, "fill_price" = $5, "slippage_bps" = $6, "details" = $7 where "events"."id" = $8 params: 207,simulated,replay-uUS500-339,85212,458.540491394315,9,{"targetNotionalRaw":"35876874384","fullGapRaw":"-66621383926","idempotencyKey":"uUS500:band:rebalance:59639840:-600000000","loop":"band","attempt":1,"sender":"replay"},4210 | 9.24x → 9.11x | −600 ntl | 458.54 / 459.00 | 0.09% | — |
| 12 Sep 06:35 UTC | Rebalance | backtest | leverage 8.09x > band_hi 3.30x; rebalancing -600000000 raw USDC of notional toward 3.00x | 8.09x → 7.99x | −600 ntl | 467.23 / 467.70 | 0.09% | — |
| 12 Sep 06:30 UTC | Margin top-up | backtest | margin 11.36% of notional < floor 12.50%; topping up 2589877710 raw USDC to 17.50% | 6.83x → 6.83x | 2,589.88 USDC | — | — | — |
| 12 Sep 06:30 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 7.14x → 7.14x | — | — | — | — |
| 12 Sep 06:30 UTC | Margin top-up | backtest | attempt 1: Failed query: update "events" set "slot" = $1, "status" = $2, "tx_sig" = $3, "leverage_after_bps" = $4, "slippage_bps" = $5, "details" = $6 where "events"."id" = $7 params: 205,simulated,replay-uUS500-296,71770,,{"idempotencyKey":"uUS500:margin:top_up:29819910:1891504822","loop":"margin","attempt":1,"sender":"replay"},5020 | 7.18x → 7.18x | 1,891.50 USDC | — | — | — |
| 12 Sep 06:30 UTC | Rebalance | backtest | attempt 1: Failed query: update "events" set "slot" = $1, "status" = $2, "tx_sig" = $3, "leverage_after_bps" = $4, "fill_price" = $5, "slippage_bps" = $6, "details" = $7 where "events"."id" = $8 params: 205,simulated,replay-uUS500-330,67941,476.523189971215,9,{"targetNotionalRaw":"48117944181","fullGapRaw":"-61449953499","idempotencyKey":"uUS500:band:rebalance:59639820:-600000000","loop":"band","attempt":1,"sender":"replay"},4199 | 7.18x → 7.09x | −600 ntl | 476.52 / 477.00 | 0.09% | — |
| 12 Sep 06:30 UTC | Margin top-up | backtest | margin 11.34% of notional < floor 12.50%; topping up 1894015635 raw USDC to 17.50% | 7.18x → 7.13x | 1,894.02 USDC | — | — | — |
| 12 Sep 06:25 UTC | Rebalance | backtest | leverage 6.50x > band_hi 3.30x; rebalancing -600000000 raw USDC of notional toward 3.00x | 6.50x → 6.43x | −600 ntl | 485.60 / 486.09 | 0.09% | — |
| 12 Sep 06:20 UTC | Rebalance | backtest | attempt 1: Failed query: update "events" set "slot" = $1, "status" = $2, "tx_sig" = $3, "leverage_after_bps" = $4, "fill_price" = $5, "slippage_bps" = $6, "details" = $7 where "events"."id" = $8 params: 203,simulated,replay-uUS500-317,58731,495.615415881822,9,{"targetNotionalRaw":"60528046839","fullGapRaw":"-58563525315","idempotencyKey":"uUS500:band:rebalance:59639800:-600000000","loop":"band","attempt":1,"sender":"replay"},4189 | 5.90x → 5.84x | −600 ntl | 495.62 / 496.11 | 0.09% | — |
| 12 Sep 06:15 UTC | Rebalance | backtest | leverage 5.44x > band_hi 3.30x; rebalancing -600000000 raw USDC of notional toward 3.00x | 5.44x → 5.42x | −600 ntl | 505.32 / 505.82 | 0.09% | — |
| 12 Sep 06:10 UTC | Margin top-up | backtest | margin 11.50% of notional < floor 12.50%; topping up 7406168839 raw USDC to 17.50% | 4.90x → 4.90x | 7,406.17 USDC | — | — | — |
| 12 Sep 06:10 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 5.03x → 5.03x | — | — | — | — |
| 12 Sep 06:10 UTC | Margin top-up | backtest | margin 11.27% of notional < floor 12.50%; topping up 7849028678 raw USDC to 17.50% | 5.05x → 5.05x | 7,849.03 USDC | — | — | — |
| 12 Sep 06:10 UTC | Rebalance | backtest | leverage 5.05x > band_hi 3.30x; rebalancing -600000000 raw USDC of notional toward 3.00x | 5.05x → 5.03x | −600 ntl | 515.42 / 515.94 | 0.09% | — |
| 12 Sep 06:10 UTC | Margin top-up | backtest | margin 11.27% of notional < floor 12.50%; topping up 7866573074 raw USDC to 17.50% | 5.05x → 5.05x | 7,866.57 USDC | — | — | — |
| 12 Sep 06:05 UTC | Rebalance | backtest | leverage 4.72x > band_hi 3.30x; rebalancing -600000000 raw USDC of notional toward 3.00x | 4.72x → 4.69x | −600 ntl | 525.88 / 526.41 | 0.09% | — |
| 12 Sep 06:00 UTC | Rebalance | backtest | leverage 4.46x > band_hi 3.30x; rebalancing -600000000 raw USDC of notional toward 3.00x | 4.46x → 4.44x | −600 ntl | 535.63 / 536.17 | 0.09% | — |
| 12 Sep 05:55 UTC | Rebalance | backtest | attempt 1: Failed query: update "events" set "slot" = $1, "status" = $2, "tx_sig" = $3, "leverage_after_bps" = $4, "fill_price" = $5, "slippage_bps" = $6, "details" = $7 where "events"."id" = $8 params: 198,simulated,replay-uUS500-303,41301,546.285950929365,9,{"targetNotionalRaw":"98225973912","fullGapRaw":"-37601274401","idempotencyKey":"uUS500:band:rebalance:59639750:-600000000","loop":"band","attempt":1,"sender":"replay"},4163 | 4.21x → 4.19x | −600 ntl | 546.29 / 546.83 | 0.09% | — |
| 12 Sep 05:50 UTC | Margin top-up | backtest | margin 12.41% of notional < floor 12.50%; topping up 7141795222 raw USDC to 17.50% | 3.95x → 3.95x | 7,141.80 USDC | — | — | — |
| 12 Sep 05:50 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 3.97x → 3.97x | — | — | — | — |
| 12 Sep 05:50 UTC | Margin top-up | backtest | margin 12.29% of notional < floor 12.50%; topping up 7357535070 raw USDC to 17.50% | 3.98x → 3.98x | 7,357.54 USDC | — | — | — |
| 12 Sep 05:50 UTC | Rebalance | backtest | leverage 3.98x > band_hi 3.30x; rebalancing -600000000 raw USDC of notional toward 3.00x | 3.98x → 3.97x | −600 ntl | 557.55 / 558.11 | 0.09% | — |
| 12 Sep 05:50 UTC | Margin top-up | backtest | margin 12.29% of notional < floor 12.50%; topping up 7372819000 raw USDC to 17.50% | 3.98x → 3.98x | 7,372.82 USDC | — | — | — |
| 12 Sep 05:45 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 3.78x → 3.78x | — | — | — | — |
| 12 Sep 05:45 UTC | Rebalance | backtest | attempt 1: Failed query: update "events" set "slot" = $1, "status" = $2, "tx_sig" = $3, "leverage_after_bps" = $4, "fill_price" = $5, "slippage_bps" = $6, "details" = $7 where "events"."id" = $8 params: 196,simulated,replay-uUS500-294,37620,567.883916479108,9,{"targetNotionalRaw":"114560190903","fullGapRaw":"-29697672096","idempotencyKey":"uUS500:band:rebalance:59639730:-600000000","loop":"band","attempt":1,"sender":"replay"},4153 | 3.79x → 3.78x | −600 ntl | 567.88 / 568.45 | 0.09% | — |
| 12 Sep 05:40 UTC | Rebalance | backtest | attempt 1: Failed query: update "events" set "slot" = $1, "status" = $2, "tx_sig" = $3, "leverage_after_bps" = $4, "fill_price" = $5, "slippage_bps" = $6, "details" = $7 where "events"."id" = $8 params: 195,simulated,replay-uUS500-290,36071,578.587790605306,9,{"targetNotionalRaw":"122740846665","fullGapRaw":"-25437281926","idempotencyKey":"uUS500:band:rebalance:59639720:-600000000","loop":"band","attempt":1,"sender":"replay"},4149 | 3.62x → 3.61x | −600 ntl | 578.59 / 579.17 | 0.09% | — |
| 12 Sep 05:35 UTC | Rebalance | backtest | leverage 3.47x > band_hi 3.30x; rebalancing -600000000 raw USDC of notional toward 3.00x | 3.47x → 3.46x | −600 ntl | 589.37 / 589.96 | 0.09% | — |
| 12 Sep 05:30 UTC | Rebalance | backtest | leverage 3.33x > band_hi 3.30x; rebalancing -600000000 raw USDC of notional toward 3.00x | 3.33x → 3.32x | −600 ntl | 600.12 / 600.72 | 0.09% | — |
| 12 Sep 03:50 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 3.00x → 3.00x | — | — | — | — |
| 12 Sep 03:50 UTC | Rebalance | backtest | leverage 3.30x > band_hi 3.30x; rebalancing -16289602677 raw USDC of notional toward 3.00x | 3.30x → 3.00x | −16,290 ntl | 630.26 / 630.33 | 0.00% | — |
| 12 Sep 03:50 UTC | Rebalance | backtest | leverage 3.30x > band_hi 3.30x; rebalancing -16320961439 raw USDC of notional toward 3.00x | 3.30x → 3.00x | −16,321 ntl | 630.26 / 630.33 | 0.00% | — |
| 11 Sep 22:25 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 3.00x → 3.00x | — | — | — | — |
| 11 Sep 22:25 UTC | Rebalance | backtest | leverage 2.68x < band_lo 2.70x; rebalancing 19673626737 raw USDC of notional toward 3.00x | 2.68x → 3.00x | 19,674 ntl | 657.91 / 657.84 | 0.00% | — |
| 11 Sep 22:25 UTC | Rebalance | backtest | leverage 2.68x < band_lo 2.70x; rebalancing 19712234377 raw USDC of notional toward 3.00x | 2.68x → 3.00x | 19,712 ntl | 657.91 / 657.84 | 0.00% | — |
| 11 Sep 22:10 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 3.00x → 3.00x | — | — | — | — |
| 11 Sep 22:10 UTC | Rebalance | backtest | leverage 2.68x < band_lo 2.70x; rebalancing 16739570186 raw USDC of notional toward 3.00x | 2.68x → 3.00x | 16,740 ntl | 618.99 / 618.93 | 0.00% | — |
| 11 Sep 22:10 UTC | Rebalance | backtest | leverage 2.68x < band_lo 2.70x; rebalancing 16772539051 raw USDC of notional toward 3.00x | 2.68x → 3.00x | 16,773 ntl | 618.99 / 618.93 | 0.00% | — |
| 11 Sep 21:55 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 3.00x → 3.00x | — | — | — | — |
| 11 Sep 21:55 UTC | Rebalance | backtest | leverage 2.67x < band_lo 2.70x; rebalancing 14288667073 raw USDC of notional toward 3.00x | 2.67x → 3.00x | 14,289 ntl | 581.92 / 581.86 | 0.00% | — |
| 11 Sep 21:55 UTC | Rebalance | backtest | leverage 2.67x < band_lo 2.70x; rebalancing 14316284795 raw USDC of notional toward 3.00x | 2.67x → 3.00x | 14,316 ntl | 581.92 / 581.86 | 0.00% | — |
| 11 Sep 21:55 UTC | Withdraw excess margin | backtest | idle 44.81% below the 47.50% redemption target; returning 1180545300 raw USDC to idle | 2.67x → 2.67x | 1,180.55 USDC | — | — | — |
| 11 Sep 21:50 UTC | Withdraw excess margin | backtest | idle 44.92% below the 47.50% redemption target; returning 377489005 raw USDC to idle | 2.77x → 2.77x | 377.49 USDC | — | — | — |
| 11 Sep 21:50 UTC | Withdraw excess margin | backtest | idle 44.92% below the 47.50% redemption target; returning 1066375283 raw USDC to idle | 2.77x → 2.77x | 1,066.38 USDC | — | — | — |
| 11 Sep 21:45 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 2.88x → 2.88x | — | — | — | — |
| 11 Sep 21:45 UTC | Withdraw excess margin | backtest | idle 44.55% below the 47.50% redemption target; returning 1153022104 raw USDC to idle | 2.88x → 2.88x | 1,153.02 USDC | — | — | — |
| 11 Sep 21:45 UTC | Withdraw excess margin | backtest | idle 44.55% below the 47.50% redemption target; returning 1155279910 raw USDC to idle | 2.88x → 2.88x | 1,155.28 USDC | — | — | — |
| 11 Sep 21:40 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 3.00x → 3.00x | — | — | — | — |
| 11 Sep 21:40 UTC | Rebalance | backtest | leverage 2.67x < band_lo 2.70x; rebalancing 12004894597 raw USDC of notional toward 3.00x | 2.67x → 3.00x | 12,005 ntl | 546.42 / 546.37 | 0.00% | — |
| 11 Sep 21:40 UTC | Withdraw excess margin | backtest | idle 44.75% below the 47.50% redemption target; returning 1008206816 raw USDC to idle | 2.67x → 2.67x | 1,008.21 USDC | — | — | — |
| 11 Sep 21:40 UTC | Rebalance | backtest | leverage 2.67x < band_lo 2.70x; rebalancing 12028575444 raw USDC of notional toward 3.00x | 2.67x → 3.00x | 12,029 ntl | 546.42 / 546.37 | 0.00% | — |
| 11 Sep 21:40 UTC | Withdraw excess margin | backtest | idle 44.75% below the 47.50% redemption target; returning 1010175696 raw USDC to idle | 2.67x → 2.67x | 1,010.18 USDC | — | — | — |
| 11 Sep 21:35 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 2.78x → 2.78x | — | — | — | — |
| 11 Sep 21:35 UTC | Withdraw excess margin | backtest | idle 44.85% below the 47.50% redemption target; returning 916400718 raw USDC to idle | 2.78x → 2.78x | 916.40 USDC | — | — | — |
| 11 Sep 21:35 UTC | Withdraw excess margin | backtest | idle 44.85% below the 47.50% redemption target; returning 918190314 raw USDC to idle | 2.78x → 2.78x | 918.19 USDC | — | — | — |
| 11 Sep 21:30 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 2.88x → 2.88x | — | — | — | — |
| 11 Sep 21:30 UTC | Withdraw excess margin | backtest | idle 41.03% below the 47.50% redemption target; returning 2114113621 raw USDC to idle | 2.88x → 2.88x | 2,114.11 USDC | — | — | — |
| 11 Sep 21:30 UTC | Withdraw excess margin | backtest | idle 41.03% below the 47.50% redemption target; returning 2116983477 raw USDC to idle | 2.88x → 2.88x | 2,116.98 USDC | — | — | — |
| 11 Sep 21:25 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 3.00x → 3.00x | — | — | — | — |
| 11 Sep 21:25 UTC | Rebalance | backtest | leverage 3.76x > band_hi 3.30x; rebalancing -23305162909 raw USDC of notional toward 3.00x | 3.76x → 3.00x | −23,305 ntl | 512.79 / 512.84 | 0.00% | — |
| 11 Sep 21:25 UTC | Rebalance | backtest | leverage 3.75x > band_hi 3.30x; rebalancing -23223096548 raw USDC of notional toward 3.00x | 3.75x → 3.00x | −23,223 ntl | 512.79 / 512.84 | 0.00% | — |
| 11 Sep 21:20 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 3.00x → 3.00x | — | — | — | — |
| 11 Sep 21:20 UTC | Rebalance | backtest | leverage 2.26x < band_lo 2.70x; rebalancing 27937919179 raw USDC of notional toward 3.00x | 2.26x → 3.00x | 27,938 ntl | 502.10 / 502.00 | 0.01% | — |
| 11 Sep 21:20 UTC | Withdraw excess margin | backtest | margin 33.24% of notional > ceiling 22.50%; returning 13401067237 raw USDC to idle | 2.26x → 2.26x | 13,401.07 USDC | — | — | — |
| 11 Sep 21:20 UTC | Rebalance | backtest | leverage 2.26x < band_lo 2.70x; rebalancing 27860381969 raw USDC of notional toward 3.00x | 2.26x → 3.00x | 27,860 ntl | 502.10 / 502.00 | 0.01% | — |
| 11 Sep 21:20 UTC | Withdraw excess margin | backtest | margin 33.24% of notional > ceiling 22.50%; returning 13428615198 raw USDC to idle | 2.26x → 2.26x | 13,428.62 USDC | — | — | — |
| 11 Sep 21:15 UTC | Set stop | backtest | conditional stop drifted more than 0.50% from the 7.50% equity trigger; replacing | 3.00x → 3.00x | — | — | — | — |
| 11 Sep 21:15 UTC | Rebalance | backtest | leverage 2.68x < band_lo 2.70x; rebalancing 20855157572 raw USDC of notional toward 3.00x | 2.68x → 3.00x | 20,855 ntl | 491.87 / 491.82 | 0.00% | — |
| 11 Sep 21:15 UTC | Withdraw excess margin | backtest | idle 44.84% below the 47.50% redemption target; returning 1706631547 raw USDC to idle | 2.68x → 2.68x | 1,706.63 USDC | — | — | — |
| 11 Sep 21:15 UTC | Rebalance | backtest | leverage 2.68x < band_lo 2.70x; rebalancing 20872525551 raw USDC of notional toward 3.00x | 2.68x → 3.00x | 20,873 ntl | 491.87 / 491.82 | 0.00% | — |
| 11 Sep 21:15 UTC | Withdraw excess margin | backtest | idle 44.84% below the 47.50% redemption target; returning 1708082885 raw USDC to idle | 2.68x → 2.68x | 1,708.08 USDC | — | — | — |