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keel
Ledger
64,749,067
Methodology
1.0.8-draft
Age
5s

ETH against USDC — what depth stands behind this price?

All assets

ETH / USDC

GBFX…SOCC

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
53.98 USDC (shortened; full value 53.981823343875643594618541193073049303041918040925 USDC)Limited by liquidation depth
Depth within 5%
buy0 USDCsell77.49 USDC (shortened; full value 77.493017615674079787580506751620691190833676044689 USDC)
Cost to move +50%
9,196.80 USDC (shortened; full value 9196.8050771 USDC)Reachable through the order book
Checks
6 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.

Unchanged across the window

Lowest
0 USDC
Highest
4,970.11 USDC (shortened; full value 4970.1131303225899280242393184172 USDC)
2026-09-26T12:50:54Z — 2026-10-03T12:23:37ZOne scale across every line on this chart
2% from mid
0 USDC
5% from mid
0 USDC
10% from mid
9.30 USDC (shortened; full value 9.3080794912807192415362837066 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.
Extreme spreadnowSPREAD_EXTREMEthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Nothing tradable within 2%nowZERO_DEPTH_2PCT164 of 169
Cheap to move the pricenowMANIPULATION_CHEAP107 of 169
No genuine trade in 7 daysNO_GENUINE_TRADE_7D28 of 169
Price sources disagreePRICE_SOURCE_CONFLICT5 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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
0 USDC
Sell side
59.59 USDC (shortened; full value 59.594653740076003854316540819090632593503383356424 USDC)

5% from mid

Buy side
0 USDC
Sell side
77.49 USDC (shortened; full value 77.493017615674079787580506751620691190833676044689 USDC)

10% from mid

Buy side
9.45 USDC (shortened; full value 9.4522867381512250155460897008 USDC)
Sell side
107.96 USDC (shortened; full value 107.96364668775128718923708238614609860608383608185 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.