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keel
Ledger
64,751,047
Methodology
1.0.8-draft
Age
7s

EURC against USDC — what depth stands behind this price?

All assets

EURC / USDC

GAQR…Z7NM

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
25.32 USDC (shortened; full value 25.3273311402418514146638975 USDC)Limited by manipulation cost
Depth within 5%
buy8.90 USDC (shortened; full value 8.906830858928211498017386914 USDC)sell134.03 USDC (shortened; full value 134.038679974623242831160043953853887074992167520014 USDC)
Cost to move +50%
101.30 USDC (shortened; full value 101.30932456096740565865559 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

History

Window
Resolution
Source

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
16.81 USDC (shortened; full value 16.8188483743018516090420961318 USDC)
2026-09-26T15:50:56Z — 2026-10-03T15:08:37ZOne scale across every line on this chart
2% from mid
3.78 USDC (shortened; full value 3.7826577204922060507865942864 USDC)
5% from mid
8.94 USDC (shortened; full value 8.9422981875211993153587140618 USDC)
10% from mid
16.16 USDC (shortened; full value 16.1636099912427077840305894755 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.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Nothing tradable within 2%ZERO_DEPTH_2PCT9 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.

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.

Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
+50%0.942098 USDC (shortened; full value 0.94209828701298705 USDC)151.08 USDC (shortened; full value 151.0851599748699322048189041382 USDC)101.30 USDC (shortened; full value 101.30932456096740565865559 USDC)
+100%1.256131 USDC (shortened; full value 1.2561310493506494 USDC)280.66 USDC (shortened; full value 280.661442674938755600933558263 USDC)190.28 USDC (shortened; full value 190.28404510992792645865559 USDC)
+1,000%6.908720 USDC (shortened; full value 6.9087207714285717 USDC)688.33 USDC (shortened; full value 688.332321223570730379022828852 USDC)190.28 USDC (shortened; full value 190.28404510992792645865559 USDC)
+10,000%63.434617 USDC (shortened; full value 63.4346179922077947 USDC)2,131.21 USDC (shortened; full value 2131.2118844280860656018641188451 USDC)190.28 USDC (shortened; full value 190.28404510992792645865559 USDC)

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder