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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

History

Window
Resolution
Source

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Lower at the end of the window than at its start

Lowest
31.70 USDC (shortened; full value 31.700993635851782396899380830516688592895628480252 USDC)
Highest
61.74 USDC (shortened; full value 61.7486757285055559179224262770968781754316032923375 USDC)
2026-09-26T15:50:56Z — 2026-10-03T15:08:37Z
Max safe collateral
55.18 USDC (shortened; full value 55.188284171749726920809027623782929471330923670664 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.

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 USDC9,404.16 USDC (shortened; full value 9404.1605376259880802632822529758 USDC)9,188.91 USDC (shortened; full value 9188.9195771 USDC)
+100%4,950 USDC27,959.66 USDC (shortened; full value 27959.6666731590000718280692185077 USDC)27,521.00 USDC (shortened; full value 27521.0046071 USDC)
+1,000%27,225 USDC32,009.06 USDC (shortened; full value 32009.0630691890219864790232502017 USDC)29,327.08 USDC (shortened; full value 29327.0814471 USDC)
+10,000%249,975 USDC40,191.91 USDC (shortened; full value 40191.9141267861931790988019472247 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