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keel
Ledger
64,751,044
Methodology
1.0.8-draft
Age
10s

AQUA against USDC — what depth stands behind this price?

All assets

AQUA / USDC

GBNZ…AQUA

Risk band

Medium

partial confidence

A floor: the real band can only be worse.

Max safe collateral
8,335.16 USDC (shortened; full value 8335.168703975057239425865055 USDC)Limited by manipulation cost
Depth within 5%
buy28,279.81 USDC (shortened; full value 28279.8120218957144922138221952167 USDC)sell23,962.29 USDC (shortened; full value 23962.298157727403314900800433433019966440615763288 USDC)
Cost to move +50%
33,340.67 USDC (shortened; full value 33340.67481590022895770346022 USDC)Reachable through the order book
Checks
2 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
8.92 USDC (shortened; full value 8.9242269977599002243213224007 USDC)
Highest
34,486.26 USDC (shortened; full value 34486.2695639108925398153861659588 USDC)
2026-09-26T15:50:46Z — 2026-10-03T15:08:27ZOne scale across every line on this chart
2% from mid
22,295.31 USDC (shortened; full value 22295.3139295649454829702957592656 USDC)
5% from mid
28,034.97 USDC (shortened; full value 28034.9752296721058032645880662326 USDC)
10% from mid
31,984.27 USDC (shortened; full value 31984.2794878422842577181468832933 USDC)
169 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Cheap next to real tradingMANIPULATION_RATIO_LOW157 of 169
Cheap to move the priceMANIPULATION_CHEAP24 of 169

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%0.000537 USDC (shortened; full value 0.0005372779113081 USDC)37,468.57 USDC (shortened; full value 37468.5784109824200828501602443503 USDC)33,340.67 USDC (shortened; full value 33340.67481590022895770346022 USDC)
+100%0.000716 USDC (shortened; full value 0.0007163705484108 USDC)58,469.64 USDC (shortened; full value 58469.6437449570049994253553023969 USDC)50,857.73 USDC (shortened; full value 50857.73519070025865579910222 USDC)
+1,000%0.003940 USDC (shortened; full value 0.0039400380162594 USDC)254,127.81 USDC (shortened; full value 254127.8154616447270318025150673304 USDC)211,533.82 USDC (shortened; full value 211533.82032440386108113782127 USDC)
+10,000%0.036176 USDC (shortened; full value 0.0361767126947454 USDC)938,377.98 USDC (shortened; full value 938377.9845715070030334190650342971 USDC)771,971.03 USDC (shortened; full value 771971.03034202772939113782127 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