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keel
Ledger
64,752,667
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
53.14 USDC (shortened; full value 53.143296551458975057524090980463185657669774536692 USDC)Limited by liquidation depth
Depth within 5%
buy0 USDCsell75.81 USDC (shortened; full value 75.815526717994450735288844111033362346231757950868 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

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Unchanged across the window

Lowest
2,475 USDC
Highest
2,475 USDC
2026-10-02T17:53:37Z — 2026-10-03T17:23:32Z
Mid price
2,475 USDC
25 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
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout

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
2,673.67050983 USDC (shortened; full value 2673.6705098360644977 USDC)

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

Book against pool
7.4306 % (shortened; full value 7.430628011386711036974833 %)

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