{
  "ok": true,
  "service": "universal-rv-engine",
  "tradingEnv": "SHADOW",
  "orderSubmission": false,
  "pairedOrderSubmission": false,
  "nitroSubmission": false,
  "feeTier": {
    "enabled": true,
    "allowNegativeDirectEdge": false,
    "currentLevel": "Lv1",
    "maximumDailySubsidyUsd": "0"
  },
  "campaign": {
    "enabled": true,
    "allowAssistedVolume": false,
    "maximumSubsidyUsd": "0"
  },
  "database": {
    "connected": true
  },
  "engine": {
    "reachable": true,
    "marketData": "LIVE",
    "wsConnected": true,
    "privateWsAuthenticated": false,
    "reconciliationHealthy": false,
    "reconciliationLastAt": null,
    "reconciledPositions": 0,
    "reconciledPendingOrders": 0,
    "pairedClobEnabled": true,
    "pairedClobAvailable": true,
    "paperExecution": true,
    "paperScenario": "ok",
    "paperFills": 69,
    "paperOpenShortBase": "0.0015982434000697545441",
    "paperLastMessage": "PAPER_REARMED",
    "lastPairedExecutionState": "COMPLETED",
    "lastUnpairedBaseQuantity": "0",
    "adoptedSpotBase": null,
    "adoptedUsdtAvailable": null,
    "openPairedShortBase": "0.0015982434000697545441",
    "freeAdoptedSpotBase": null,
    "universeStage": "DEMO",
    "activePairIds": [
      "BTC-USDT-TERM"
    ],
    "maxOpenPairs": 1,
    "openPairCount": 1,
    "rejectedPairs": [
      {
        "pairId": "ETH-USDT-SPOT-PERP",
        "reason": "SPOT_DEPTH"
      }
    ],
    "lastUniverseAdmission": "admitted",
    "lastUniverseRejectReason": null,
    "lastHedgeMode": "HARD_THEN_IOC",
    "ethObserve": true,
    "ethExecute": false,
    "lastEthAdmission": "rejected",
    "lastEthRejectReason": "SPOT_DEPTH",
    "solObserve": false,
    "solExecute": false,
    "lastSolAdmission": "disabled",
    "lastSolRejectReason": null,
    "effectiveActiveCapitalUsd": "100.00",
    "paperEquityUsd": "10000.00",
    "openBookNotionalUsd": "102.70",
    "maxBookNotionalUsd": null,
    "killSwitch": false,
    "nitroLiveReady": false,
    "fillAckPort": "stub",
    "liveFunding": true,
    "systemMode": "NORMAL",
    "systemModeCause": "NORMAL",
    "futureInstrumentId": "BTC-USD_UM-260828",
    "futureExpiryAt": 1787904000000,
    "futureSettleCcy": "USD",
    "futureBookResubscribes": 43170,
    "futureBookSwitches": 4,
    "lastFutureResubscribeReason": "stale_age_ms=10382",
    "atomicReconcileMode": "STUB_OBSERVE",
    "lastRail": "ATOMIC_SPREAD",
    "lastAvoidedPerpBase": "0.000000",
    "lastLifecycle": "ACTIVE",
    "lastAcceptAt": 1787042969560,
    "books": {
      "BTC-USDT": {
        "fresh": true,
        "ageMs": 57
      },
      "BTC-USDT-SWAP": {
        "fresh": true,
        "ageMs": 56
      },
      "BTC-USD_UM-260828": {
        "fresh": false,
        "ageMs": 11455
      },
      "ETH-USDT": {
        "fresh": true,
        "ageMs": 53
      },
      "ETH-USDT-SWAP": {
        "fresh": true,
        "ageMs": 54
      }
    },
    "lastScanAt": 1787043042087,
    "scans": 513924,
    "accepts": 5432,
    "feeTierMode": "PASSIVE",
    "feeTierTarget": "Lv2",
    "campaignMode": "OBSERVE",
    "activeCampaigns": 0,
    "allocatorMode": "SHADOW",
    "lastAllocationApproved": true,
    "lastAllocatedCapitalUsd": "0.93714856928651755592",
    "lastAllocationReason": "SHADOW_APPROVED"
  },
  "stats": {
    "totalDecisions": 238776,
    "acceptedDecisions": 316,
    "lastDecisionAt": "2026-08-18T08:50:41.936+00:00",
    "paperDecisions": 238776,
    "paperAccepted": 316
  },
  "recent": [
    {
      "created_at": "2026-08-18T08:50:41.936+00:00",
      "opportunity_id": "e9e93e89-2830-42b2-813d-1bcefcea24ce",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:50:36.77+00:00",
      "opportunity_id": "c1117a63-8962-463a-b8d9-82f6d5739ca4",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:50:31.61+00:00",
      "opportunity_id": "bfdf2e7c-e388-44ab-a701-49177b6ae694",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:50:26.46+00:00",
      "opportunity_id": "c63b3977-24bc-4b1e-9a82-0adeb1f8a11f",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:50:21.302+00:00",
      "opportunity_id": "f401ad63-704a-470b-b6ec-647e14810b0b",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:50:16.137+00:00",
      "opportunity_id": "d3e86fc4-de0e-4baf-9675-ff78b646bd9f",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:50:10.747+00:00",
      "opportunity_id": "a684eb86-24f8-456b-841b-c0597d9e5b90",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:50:05.59+00:00",
      "opportunity_id": "7e8e5495-5bf0-4e77-b415-3c3d2a1d12b5",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:50:00.431+00:00",
      "opportunity_id": "8b22e666-6992-4f3c-bdbe-56cbcf9c36e9",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:49:54.857+00:00",
      "opportunity_id": "7057e245-b8f0-43a0-9355-9674eda761c1",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:49:44.859+00:00",
      "opportunity_id": "6c35da55-9340-4fd6-9150-0c0232a74f6a",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:49:39.704+00:00",
      "opportunity_id": "2a34b145-a2c2-4d6b-aa64-f984123d11eb",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:49:34.561+00:00",
      "opportunity_id": "aa9695e0-253e-4912-9797-08fc45ed0826",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:49:29.419+00:00",
      "opportunity_id": "ee01a044-727e-4e04-99e1-553840c72ca5",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:49:24.276+00:00",
      "opportunity_id": "8d657435-05b2-41e7-a06f-1fe806eaab73",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:49:19.101+00:00",
      "opportunity_id": "c1603d31-a74d-4059-a5ab-85798f2ab06a",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:49:13.962+00:00",
      "opportunity_id": "c0fafca4-34fc-4a5c-85b9-a0fb1cbbbf4b",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:49:08.822+00:00",
      "opportunity_id": "ae72797f-9e07-4142-b599-960b2b7ca480",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:49:03.67+00:00",
      "opportunity_id": "1a033de3-b59f-45e8-b4b5-4ebd008beef1",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:48:58.327+00:00",
      "opportunity_id": "9defc4b2-e9e3-4ae5-ba92-d6a3cc82ee65",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    }
  ],
  "recentPaper": [
    {
      "created_at": "2026-08-18T08:50:41.936+00:00",
      "opportunity_id": "e9e93e89-2830-42b2-813d-1bcefcea24ce",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:50:36.77+00:00",
      "opportunity_id": "c1117a63-8962-463a-b8d9-82f6d5739ca4",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:50:31.61+00:00",
      "opportunity_id": "bfdf2e7c-e388-44ab-a701-49177b6ae694",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:50:26.46+00:00",
      "opportunity_id": "c63b3977-24bc-4b1e-9a82-0adeb1f8a11f",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:50:21.302+00:00",
      "opportunity_id": "f401ad63-704a-470b-b6ec-647e14810b0b",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:50:16.137+00:00",
      "opportunity_id": "d3e86fc4-de0e-4baf-9675-ff78b646bd9f",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:50:10.747+00:00",
      "opportunity_id": "a684eb86-24f8-456b-841b-c0597d9e5b90",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:50:05.59+00:00",
      "opportunity_id": "7e8e5495-5bf0-4e77-b415-3c3d2a1d12b5",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:50:00.431+00:00",
      "opportunity_id": "8b22e666-6992-4f3c-bdbe-56cbcf9c36e9",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:49:54.857+00:00",
      "opportunity_id": "7057e245-b8f0-43a0-9355-9674eda761c1",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:49:44.859+00:00",
      "opportunity_id": "6c35da55-9340-4fd6-9150-0c0232a74f6a",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:49:39.704+00:00",
      "opportunity_id": "2a34b145-a2c2-4d6b-aa64-f984123d11eb",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:49:34.561+00:00",
      "opportunity_id": "aa9695e0-253e-4912-9797-08fc45ed0826",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:49:29.419+00:00",
      "opportunity_id": "ee01a044-727e-4e04-99e1-553840c72ca5",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:49:24.276+00:00",
      "opportunity_id": "8d657435-05b2-41e7-a06f-1fe806eaab73",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:49:19.101+00:00",
      "opportunity_id": "c1603d31-a74d-4059-a5ab-85798f2ab06a",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:49:13.962+00:00",
      "opportunity_id": "c0fafca4-34fc-4a5c-85b9-a0fb1cbbbf4b",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:49:08.822+00:00",
      "opportunity_id": "ae72797f-9e07-4142-b599-960b2b7ca480",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:49:03.67+00:00",
      "opportunity_id": "1a033de3-b59f-45e8-b4b5-4ebd008beef1",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    },
    {
      "created_at": "2026-08-18T08:48:58.327+00:00",
      "opportunity_id": "9defc4b2-e9e3-4ae5-ba92-d6a3cc82ee65",
      "strategy_id": "spot-perp-carry-v1",
      "expected_direct_edge_bps": 5,
      "maximum_loss_usd": 1.5,
      "accepted": false,
      "rejection_reason": "MAX_ACTIVE_CAPITAL"
    }
  ],
  "generatedAt": "2026-08-18T08:50:45.962Z",
  "wavePeer": {
    "module": "Wave Research",
    "seat": "execution-adjacent · inclusion P1",
    "inclusion": "Control → Monitor → Volume → Pulse → Synth",
    "hubCmv": "https://bwl-monorepo-wave.vercel.app/en/status#cmv",
    "hubInclusion": "https://bwl-monorepo-wave.vercel.app/en/status#inclusion",
    "ssot": "universal-rv-engine",
    "staleAlias": "volume.vercel.app",
    "keysOff": true,
    "liveTradingReady": false,
    "paperSignalStub": true,
    "softStarZero": true
  }
}