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On a perp exchange, the exchange applies every fill and liquidation itself. On openPunt, a settled oracle game does nothing to your position on its own. Someone has to send an execute transaction, which applies the game’s result: it opens the position, closes it, liquidates it, or cancels the game if one of the protections trips.

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Who executes

Anyone can execute. The executor earns a small amount of ETH that you fund up front: with your request for the opening game, and with your close for the closing game. See Gas. Typically, MEV bots execute settled games within seconds. If they do not, the Positions panel shows an Execute button a couple of blocks after the game becomes eligible to settle, and you can execute it yourself.

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The 3-minute window

A game must be executed within 3 minutes of becoming eligible to settle. After that, executing it cancels the game instead of applying it, so a price from before an outage cannot be used after it. See Oracle risks.
  • An opening refunds both sides.
  • A close or liquidation leaves the position open, and any close request is cleared.
Games reported from 60 hours after maturity onward are exempt from this window.

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Unexecuted games block new ones

A position can only have one oracle game at a time. A game that has not been executed stays attached to the position, and no new game can start until it is. If a game misses the 3-minute window, the button reads Reset: executing it cancels the stale game and frees the position, so you can close again. If an opening game runs longer than 30 minutes, the button reads Refund (wallet) instead, and returns both sides’ margin.