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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.

Both price sources, not only the one that won, and the pair that set the band.

Price used
2,475 USDC

Order book mid

AMM pool spot price
2,690.40638744 USDC (shortened; full value 2690.4063874474024821 USDC)

The pool with the largest quote reserve, reported whichever source set the price

Book against pool
8.0064 % (shortened; full value 8.00646283224800300996715093 %)

Past the methodology threshold, the pool price is used and PRICE_SOURCE_CONFLICT fires

Spread
38.3838 % (shortened; full value 38.38383838383838383838383838 %)

Best ask minus best bid, over the mid