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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

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.

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.

Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
+50%0.000982 USDC (shortened; full value 0.000982148822487675 USDC)879.98 USDC (shortened; full value 879.9862007058362557823739325056 USDC)615.21 USDC (shortened; full value 615.21492050003293712022968 USDC)
+100%0.001309 USDC (shortened; full value 0.0013095317633169 USDC)2,499.05 USDC (shortened; full value 2499.0510685370504887442521476426 USDC)2,015.03 USDC (shortened; full value 2015.03915400058985583527228 USDC)
+1,000%0.007202 USDC (shortened; full value 0.00720242469824295 USDC)22,203.34 USDC (shortened; full value 22203.3476179042526936392833819467 USDC)19,517.99 USDC (shortened; full value 19517.99129010366655583527228 USDC)
+10,000%0.066131 USDC (shortened; full value 0.06613135404750345 USDC)105,813.51 USDC (shortened; full value 105813.5191725356990106966625251045 USDC)95,336.89 USDC (shortened; full value 95336.89044190554323583527228 USDC)

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder