{"schema_version": "1.0", "read_only": true, "executes_transaction": false, "directional_advice": false, "direction": "long", "notional_usdc": 500.0, "costs": {"opening_fee_usdc": 0.225, "closing_fee_usdc": 0.225, "holding_fee_usdc": 0.205459, "spread_cost_usdc": 0.0, "total_cost_usdc": 0.655459}, "break_even": {"move_bps": 13.109184, "move_percent": 0.131092, "price_usd": 64036.02627319}, "liquidation": {"price_usd": 61454.91587792, "buffer_percent": 3.904908, "stop_precedes_liquidation": true}, "stop": {"price_usd": 62673.14636697, "move_percent": 2.0, "gross_loss_usdc": 10.0, "loss_after_modeled_costs_usdc": 10.655459}, "target": {"price_usd": 66510.2777772, "move_percent": 4.0, "gross_gain_usdc": 20.0, "gain_after_modeled_costs_usdc": 19.344541}, "risk_reward_ratio": 1.815458, "crowding": {"entered_side_share_percent": 49.88303, "warning": false}, "capacity": {"utilization_percent": 38.098853, "warning": false}, "fragility": {"verdict": "elevated_fragility", "score": 15, "reasons": [{"code": "thin_liquidation_buffer", "severity": "warning", "message": "Liquidation buffer is at most 5% of entry price."}]}, "methodology": {"fee_basis": "supplied basis points applied to collateral times leverage", "holding_fee_basis": "supplied basis points per hour applied to notional", "liquidation_price_basis": "Avantis documented 80% collateral-health threshold using current fees; closing fee held at current notional for a conservative planning estimate", "notice": "Structural risk calculation only; it does not recommend long, short, entry, exit, or execution."}, "generated_at": "2026-07-18T06:23:53.298630Z", "pair": "BTC/USD", "pair_index": 1, "market_open": true, "inputs": {"collateral_usdc": 100.0, "leverage": 5.0, "holding_hours": 24.0, "stop_move_percent": 2.0, "target_move_percent": 4.0}, "market": {"entry_price_usd": 63952.19017038, "price_confidence_usd": 19.34017037, "price_publish_time": 1784355829, "price_age_seconds": 2, "long_open_interest_usdc": 3289083.43, "short_open_interest_usdc": 3304508.52, "pair_open_interest_limit_usdc": 17306536.56, "maximum_leverage": 75.0}, "live_parameters": {"opening_fee_bps": 4.5, "closing_fee_bps": 4.5, "holding_fee_bps_per_hour": 0.171216, "constant_spread_bps": 0.0, "price_impact_bps": 0.0, "skew_impact_bps": 0.0, "modeled_spread_bps": 0.0, "parameter_source": "avantis_base_contracts"}, "provenance": {"parameter_snapshot": "https://socket-api-pub.avantisfi.com/socket-api/v1/data", "price": "https://hermes.pyth.network/v2/updates/price/latest", "price_aggregator": "0x64e2625621970F8cfA17B294670d61CB883dA511", "pair_infos": "0x81F22d0Cc22977c91bEfE648C9fddf1f2bd977e5", "referral_contract": "0x1A110bBA13A1f16cCa4b79758BD39290f29De82D", "avantis_data_version": 2}, "referral": {"code": "anon-signal", "url": "https://www.avantisfi.com/referral?code=anon-signal", "tier_one_trader_discount_percent": 5, "tier_one_referrer_rebate_percent": 5, "binding_requires_user_wallet_action": true}}