Skip to content
keel
Ledger
64,751,045
Methodology
1.0.8-draft
Age
8s

BEER against USDC — what depth stands behind this price?

All assets

BEER / USDC

GBL2…SHNN

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0 USDCLimited by manipulation cost
Depth within 5%
buy6.35 USDC (shortened; full value 6.3528049791659879538323167553 USDC)sell6.47 USDC (shortened; full value 6.474688268532068876988120850479561859363182148963 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
3 triggered5 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.

Higher at the end of the window than at its start

Lowest
2.35 USDC (shortened; full value 2.3548704455955843199987071187 USDC)
Highest
13.01 USDC (shortened; full value 13.0188555624555982296362849913 USDC)
2026-09-11T17:47:50Z — 2026-10-02T10:38:32ZOne scale across every line on this chart
2% from mid
2.60 USDC (shortened; full value 2.6019065814269434977334548392 USDC)
5% from mid
6.45 USDC (shortened; full value 6.4573963243977197595193721507 USDC)
10% from mid
12.76 USDC (shortened; full value 12.7627900058259671284740709149 USDC)
498 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOW146 of 498
No genuine trade in 30 daysNO_GENUINE_TRADE_30D197 of 498
No genuine trade in 7 daysNO_GENUINE_TRADE_7D197 of 498

Not evaluated5

  • Price sources disagree
  • Extreme spread
  • 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%0.000004 USDC (shortened; full value 0.00000450812472285 USDC)57.81 USDC (shortened; full value 57.8155865389010710050553646713 USDC)free to reach
+100%0.000006 USDC (shortened; full value 0.0000060108329638 USDC)106.55 USDC (shortened; full value 106.5563806314488106871478176059 USDC)free to reach
+1,000%0.000033 USDC (shortened; full value 0.0000330595813009 USDC)595.95 USDC (shortened; full value 595.9514013184671459264424938254 USDC)free to reach
+10,000%0.000303 USDC (shortened; full value 0.0003035470646719 USDC)2,328.07 USDC (shortened; full value 2328.0792300152450668876221357554 USDC)free to reach

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