Skip to content
keel
Ledger
64,751,047
Methodology
1.0.8-draft
Age
6s

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
54.81 USDC (shortened; full value 54.8147756834256807906562837470989138350713876962575 USDC)Limited by liquidation depth
Depth within 5%
buy0 USDCsell79.15 USDC (shortened; full value 79.158610387207894446709604833739915805211800448603 USDC)
Cost to move +50%
9,188.91 USDC (shortened; full value 9188.9195771 USDC)Reachable through the order book
Checks
6 triggered3 not evaluated

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Unchanged across the window

Lowest
2,475 USDC
Highest
2,757.04143919 USDC (shortened; full value 2757.0414391981256177 USDC)
2026-09-26T15:50:56Z — 2026-10-03T15:08:37Z
Mid price
2,475 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_CHEAP110 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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

54.81 USDC (shortened; full value 54.8147756834256807906562837470989138350713876962575 USDC)

Limited by liquidation depth

Liquidation termbinds
54.81 USDC (shortened; full value 54.8147756834256807906562837470989138350713876962575 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation term
2,297.22 USDC (shortened; full value 2297.229894275 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.