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keel
Ledger
64,751,764
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
26.85 USDC (shortened; full value 26.856120755708190558939172837604220631707418787234 USDC)Limited by liquidation depth
Depth within 5%
buy54.67 USDC (shortened; full value 54.6745249002558660557941789338 USDC)sell23.81 USDC (shortened; full value 23.818866567460307183126535720432084783303161476798 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
11.34 USDC (shortened; full value 11.3416536422160290013802670735 USDC)
Highest
82.57 USDC (shortened; full value 82.5704628174338540039189085855 USDC)
2026-10-02T23:53:22Z — 2026-10-03T16:08:22ZOne scale across every line on this chart
2% from mid
37.61 USDC (shortened; full value 37.61730247384150783284445687 USDC)
5% from mid
54.67 USDC (shortened; full value 54.6745249002558660557941789338 USDC)
10% from mid
82.57 USDC (shortened; full value 82.5704628174338540039189085855 USDC)
2 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

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.

26.85 USDC (shortened; full value 26.856120755708190558939172837604220631707418787234 USDC)

Limited by liquidation depth

Liquidation termbinds
26.85 USDC (shortened; full value 26.856120755708190558939172837604220631707418787234 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.