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keel
Ledger
64,753,567
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
55.04 USDC (shortened; full value 55.047076706902889330099722096349488372923394907392 USDC)Limited by liquidation depth
Depth within 5%
buy0 USDCsell79.62 USDC (shortened; full value 79.622919555493352098218109410138800905457143422656 USDC)
Cost to move +50%
9,188.99 USDC (shortened; full value 9188.9986771 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
53.46 USDC (shortened; full value 53.461946683745436311090698021219858563828882213465 USDC)
Highest
55.95 USDC (shortened; full value 55.95879347387995758373479806804174184578214596401 USDC)
2026-09-26T23:50:56Z — 2026-10-03T18:38:37Z
Max safe collateral
53.95 USDC (shortened; full value 53.958739916267347783393187911989575458705521466392 USDC)
8 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.
Nothing tradable within 2%nowZERO_DEPTH_2PCTthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Cheap to move the pricenowMANIPULATION_CHEAP6 of 8
No genuine trade in 7 daysNO_GENUINE_TRADE_7D2 of 8

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 USDC9,403.77 USDC (shortened; full value 9403.7753642929775384243634585148 USDC)9,188.99 USDC (shortened; full value 9188.9986771 USDC)
+100%4,950 USDC27,959.28 USDC (shortened; full value 27959.2836472908823820755805967251 USDC)27,521.08 USDC (shortened; full value 27521.0837071 USDC)
+1,000%27,225 USDC32,008.70 USDC (shortened; full value 32008.7016055183454475583296678593 USDC)29,327.16 USDC (shortened; full value 29327.1605471 USDC)
+10,000%249,975 USDC40,191.62 USDC (shortened; full value 40191.6289787310356570738571148356 USDC)29,570.17 USDC (shortened; full value 29570.1755471 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