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keel
Ledger
64,752,484
Methodology
1.0.8-draft
Age
9s

AMM against USDC — what depth stands behind this price?

All assets

AMM / USDC

GARQ…BDOQ

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
13.85 USDC (shortened; full value 13.853265125 USDC)Limited by manipulation cost
Depth within 5%
buy43.06 USDC (shortened; full value 43.0644883248571113045856390816 USDC)sell43.89 USDC (shortened; full value 43.890712568968860158312139644732466792196361671517 USDC)
Cost to move +50%
55.41 USDC (shortened; full value 55.4130605 USDC)Reachable through the order book
Checks
7 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.

Lower at the end of the window than at its start

Lowest
17.35 USDC (shortened; full value 17.3521602158560943352398439062 USDC)
Highest
85.57 USDC (shortened; full value 85.5719786781462769100468276342 USDC)
2026-10-02T23:53:27Z — 2026-10-03T17:08:22ZOne scale across every line on this chart
2% from mid
17.35 USDC (shortened; full value 17.3521602158560943352398439062 USDC)
5% from mid
43.06 USDC (shortened; full value 43.0644883248571113045856390816 USDC)
10% from mid
85.11 USDC (shortened; full value 85.1152683817589017632063054625 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
Price sources disagreenowPRICE_SOURCE_CONFLICTthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout

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%0.002991 USDC (shortened; full value 0.00299196142624395 USDC)447.33 USDC (shortened; full value 447.3342133867265967209809379825 USDC)55.41 USDC (shortened; full value 55.4130605 USDC)
+100%0.003989 USDC (shortened; full value 0.0039892819016586 USDC)777.73 USDC (shortened; full value 777.7390290589287981721098674788 USDC)55.41 USDC (shortened; full value 55.4130605 USDC)
+1,000%0.021941 USDC (shortened; full value 0.0219410504591223 USDC)4,095.25 USDC (shortened; full value 4095.2572314492933305175387480002 USDC)55.41 USDC (shortened; full value 55.4130605 USDC)
+10,000%0.201458 USDC (shortened; full value 0.2014587360337593 USDC)15,856.97 USDC (shortened; full value 15856.9791938427500094784528163396 USDC)75.36 USDC (shortened; full value 75.3612866146402 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