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keel
Ledger
64,750,147
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
54.77 USDC (shortened; full value 54.772973761297034760161507959846064881838297314338 USDC)Limited by liquidation depth
Depth within 5%
buy0 USDCsell79.07 USDC (shortened; full value 79.07509820442156436593448321292613167441958370962 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

Buy-side depth

What an order can absorb before the price moves against a buyer. The rungs are nested, so one scale covers all three.

Higher at the end of the window than at its start

Lowest
0 USDC
Highest
12,079.44 USDC (shortened; full value 12079.4494831504222073907000870072 USDC)
2026-09-11T17:47:56Z — 2026-10-02T10:38:37ZOne scale across every line on this chart
2% from mid
12.37 USDC (shortened; full value 12.3782046822238687478840298868 USDC)
5% from mid
30.72 USDC (shortened; full value 30.7201549772010374765489892429 USDC)
10% from mid
4,952.32 USDC (shortened; full value 4952.3291737550170229323819551987 USDC)
498 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Extreme spreadnowSPREAD_EXTREME490 of 498
Nothing tradable within 2%nowZERO_DEPTH_2PCT411 of 498
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREME145 of 498
Supply is concentratednowHOLDER_CONCENTRATION_HIGH145 of 498
Cheap to move the pricenowMANIPULATION_CHEAP83 of 498
Price sources disagreePRICE_SOURCE_CONFLICT84 of 498
No genuine trade in 7 daysNO_GENUINE_TRADE_7D28 of 498

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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
0 USDC
Sell side
61.17 USDC (shortened; full value 61.176604956871682184766903609675985479962413337324 USDC)

5% from mid

Buy side
0 USDC
Sell side
79.07 USDC (shortened; full value 79.07509820442156436593448321292613167441958370962 USDC)

10% from mid

Buy side
7.86 USDC (shortened; full value 7.8613026073376885597465957694 USDC)
Sell side
109.54 USDC (shortened; full value 109.545947522594069520323015919692129763676594628676 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.