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keel
Ledger
64,750,147
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
54.77 USDC (shortened; full value 54.772973761297034760161507959846064881838297314338 USDC)Limited by liquidation depth
Depth within 5%
buy0 USDCsell79.07 USDC (shortened; full value 79.07509820442156436593448321292613167441958370962 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

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.

Unchanged across the window

Lowest
0 USDC
Highest
4,970.11 USDC (shortened; full value 4970.1131303225899280242393184172 USDC)
2026-09-26T14:50:56Z — 2026-10-03T13:53:37ZOne scale across every line on this chart
2% from mid
0 USDC
5% from mid
0 USDC
10% from mid
8.17 USDC (shortened; full value 8.1715324166341820181368838795 USDC)
168 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_2PCT163 of 168
Cheap to move the pricenowMANIPULATION_CHEAP108 of 168
No genuine trade in 7 daysNO_GENUINE_TRADE_7D28 of 168
Price sources disagreePRICE_SOURCE_CONFLICT5 of 168

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%3,712.5 USDC9,404.24 USDC (shortened; full value 9404.243666109504605122299719255 USDC)9,188.91 USDC (shortened; full value 9188.9195771 USDC)
+100%4,950 USDC27,959.74 USDC (shortened; full value 27959.7491295560460545057339900292 USDC)27,521.00 USDC (shortened; full value 27521.0046071 USDC)
+1,000%27,225 USDC32,009.13 USDC (shortened; full value 32009.1387773215335440639692505231 USDC)29,327.08 USDC (shortened; full value 29327.0814471 USDC)
+10,000%249,975 USDC40,191.96 USDC (shortened; full value 40191.9659506201291683059448563625 USDC)29,570.09 USDC (shortened; full value 29570.0964471 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