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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

Cost to move the price 50%

The stored series carries one manipulation rung, the +50% move. A reading the engine could not produce breaks the line rather than sitting at zero.

Lower at the end of the window than at its start

Lowest
6,231.14 USDC (shortened; full value 6231.1490574 USDC)
Highest
18,765.34 USDC (shortened; full value 18765.3480671 USDC)
2026-09-26T15:50:56Z — 2026-10-03T15:08:37Z
Cost to move +50%
9,188.91 USDC (shortened; full value 9188.9195771 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.

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
2,688.36578716 USDC (shortened; full value 2688.3657871676043378 USDC)

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

Book against pool
7.9366 % (shortened; full value 7.93663526689949624839917057 %)

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