Skip to content
keel
Ledger
64,750,144
Methodology
1.0.8-draft
Age
6s

AFR against USDC — what depth stands behind this price?

All assets

AFR / USDC

GBX6…N54W

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
27.82 USDC (shortened; full value 27.827352372678120082161076778170598941244879275538 USDC)Limited by liquidation depth
Depth within 5%
buy53.93 USDC (shortened; full value 53.9311167663079851902319953372 USDC)sell25.75 USDC (shortened; full value 25.753910847252600266673196136376719160576835336148 USDC)
Cost to move +50%
615.21 USDC (shortened; full value 615.21492050003293712022968 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

History

Window
Resolution
Source

Buy-side depth

What an order can absorb before the price moves against a buyer. The rungs are nested, so one scale covers all three.

Higher at the end of the window than at its start

Lowest
0 USDC
Highest
329.21 USDC (shortened; full value 329.2128719284432263456465719314 USDC)
2026-09-26T14:50:41Z — 2026-10-03T13:53:22ZOne scale across every line on this chart
2% from mid
36.82 USDC (shortened; full value 36.8228391767593255916186446786 USDC)
5% from mid
53.88 USDC (shortened; full value 53.8842930651362365032690429115 USDC)
10% from mid
81.78 USDC (shortened; full value 81.7871512532267661919050550308 USDC)
168 readings from horizon, with no gaps reported. One source per chart.

Checks

What fires now, how long it has been firing across the window above, and what could not run.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Nothing tradable within 2%ZERO_DEPTH_2PCT71 of 168
Extreme spreadSPREAD_EXTREME41 of 168
Price sources disagreePRICE_SOURCE_CONFLICT22 of 168

Not evaluated3

  • No genuine trade in 30 days
  • No genuine trade in 7 days
  • Volume may be wash traded

Evidence

The figures behind the verdict, as the engine served them.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

27.82 USDC (shortened; full value 27.827352372678120082161076778170598941244879275538 USDC)

Limited by liquidation depth

Liquidation termbinds
27.82 USDC (shortened; full value 27.827352372678120082161076778170598941244879275538 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation term
153.80 USDC (shortened; full value 153.80373012500823428005742 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.