Prices are venue specific
Binance and OKX maintain separate order books, separate liquidity, and separate liquidation engines. During volatility, one venue wicks while the other holds. An alarm that monitors six exchanges at once inherits every wick from every venue. That design maximizes false wakes. Wakever takes the opposite position. One alert watches one exchange. If you trade on Binance spot, we watch Binance spot. If you hold OKX perp, we watch OKX perp.
Mark for perp, last for spot
Spot fills on last traded price. Perp liquidates on mark price. Mixing them causes wakes that look correct on a chart but wrong for your position. Wakever stores market type per alert and applies the correct source. Last for spot, mark for perp. That transparency is published on every alarm so you can verify the trigger matches your venue.
Why single exchange beats simultaneous
Simultaneous monitoring sounds stronger in marketing. In practice it multiplies wick surface. One thin spike on any venue wakes you, even if your venue never traded there. Single venue focus plus distance floors and arm grace removes that entire class of error. The full guard set is documented in no false wake engineering.
How to pick your venue
Pick where you would actually execute. Binance spot holders pick Binance spot. OKX perp holders pick OKX perp. Do not pick an index or an average. At launch Wakever supports Binance and OKX with more venues as Coming Soon. Tell us your venue on wakever.com so adapter priority follows real demand. Background on the product promise is in what Wakever Crypto Alarms is.