Skip to content
keel
Ledger
64,751,044
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 43.0673697151849031132558702994 USDC)sell43.89 USDC (shortened; full value 43.89364924091355199990508510308703287705264483449 USDC)
Cost to move +50%
55.41 USDC (shortened; full value 55.4130605 USDC)Reachable through the order book
Checks
7 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.

Lower at the end of the window than at its start

Lowest
17.35 USDC (shortened; full value 17.3533212269015547823424941882 USDC)
Highest
86.41 USDC (shortened; full value 86.4101112456595605085247366438 USDC)
2026-09-26T23:50:41Z — 2026-10-03T15:08:27ZOne scale across every line on this chart
2% from mid
17.35 USDC (shortened; full value 17.3533212269015547823424941882 USDC)
5% from mid
43.06 USDC (shortened; full value 43.0673697151849031132558702994 USDC)
10% from mid
85.12 USDC (shortened; full value 85.1209633364791937474234616294 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
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
No genuine trade in 30 daysNO_GENUINE_TRADE_30D4 of 8
No genuine trade in 7 daysNO_GENUINE_TRADE_7D4 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%0.002992 USDC (shortened; full value 0.0029923627264254 USDC)447.36 USDC (shortened; full value 447.3604363342899374882987726866 USDC)55.41 USDC (shortened; full value 55.4130605 USDC)
+100%0.003989 USDC (shortened; full value 0.0039898169685672 USDC)777.78 USDC (shortened; full value 777.7873589739069637307894432131 USDC)55.41 USDC (shortened; full value 55.4130605 USDC)
+1,000%0.021943 USDC (shortened; full value 0.0219439933271196 USDC)4,095.52 USDC (shortened; full value 4095.527532302101571442742094315 USDC)55.41 USDC (shortened; full value 55.4130605 USDC)
+10,000%0.201485 USDC (shortened; full value 0.2014857569126436 USDC)15,858.03 USDC (shortened; full value 15858.0351218930676481023016185485 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