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keel
Ledger
64,750,867
Methodology
1.0.8-draft
Age
8s

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
55.18 USDC (shortened; full value 55.188284171749726920809027623782929471330923670664 USDC)Limited by liquidation depth
Depth within 5%
buy0 USDCsell79.90 USDC (shortened; full value 79.90565582790277758224211911914517905809812619786 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
11,467.19 USDC (shortened; full value 11467.1909773217288620450149428542 USDC)
2026-09-11T23:48:00Z — 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)
22 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Nothing tradable within 2%nowZERO_DEPTH_2PCT17 of 22
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREME7 of 22
Supply is concentratednowHOLDER_CONCENTRATION_HIGH7 of 22
Cheap to move the pricenowMANIPULATION_CHEAP4 of 22
Price sources disagreePRICE_SOURCE_CONFLICT5 of 22
No genuine trade in 7 daysNO_GENUINE_TRADE_7D2 of 22

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
62.00 USDC (shortened; full value 62.007125458359413110158903074054403229201089148464 USDC)

5% from mid

Buy side
0 USDC
Sell side
79.90 USDC (shortened; full value 79.90565582790277758224211911914517905809812619786 USDC)

10% from mid

Buy side
7.02 USDC (shortened; full value 7.0259204201057673895783548675 USDC)
Sell side
110.37 USDC (shortened; full value 110.376568343499453841618055247565858942661847341328 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.