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keel
Ledger
64,751,044
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
27.11 USDC (shortened; full value 27.114901081110628574355405767435324058411681483 USDC)Limited by liquidation depth
Depth within 5%
buy54.14 USDC (shortened; full value 54.1436766354370139057591959016 USDC)sell24.33 USDC (shortened; full value 24.332046249140650583748156358474690046358580689525 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
10.79 USDC (shortened; full value 10.7924494248370176355988148703 USDC)
Highest
311.07 USDC (shortened; full value 311.0703626291242682538416824584 USDC)
2026-09-26T23:50:36Z — 2026-10-03T15:08:22ZOne scale across every line on this chart
2% from mid
37.21 USDC (shortened; full value 37.2163245049162040995503953649 USDC)
5% from mid
54.27 USDC (shortened; full value 54.2760437763891772574503278972 USDC)
10% from mid
82.17 USDC (shortened; full value 82.1760651154164385018068465377 USDC)
8 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
Extreme spreadSPREAD_EXTREME2 of 8
Price sources disagreePRICE_SOURCE_CONFLICT1 of 8
Nothing tradable within 2%ZERO_DEPTH_2PCT1 of 8

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%0.000981 USDC (shortened; full value 0.0009819453262683 USDC)880.17 USDC (shortened; full value 880.1752412628991441915970535369 USDC)615.21 USDC (shortened; full value 615.21492050003293712022968 USDC)
+100%0.001309 USDC (shortened; full value 0.0013092604350244 USDC)2,499.21 USDC (shortened; full value 2499.2178337737387195943479929841 USDC)2,015.03 USDC (shortened; full value 2015.03915400058985583527228 USDC)
+1,000%0.007200 USDC (shortened; full value 0.0072009323926342 USDC)22,203.29 USDC (shortened; full value 22203.2907218100470094962331766587 USDC)19,517.99 USDC (shortened; full value 19517.99129010366655583527228 USDC)
+10,000%0.066117 USDC (shortened; full value 0.0661176519687322 USDC)105,812.67 USDC (shortened; full value 105812.6706663942540678953992443951 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