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keel
Ledger
64,750,148
Methodology
1.0.8-draft
Age
4s

FRED against USDC — what depth stands behind this price?

All assets

FRED / USDC

GCA7…ZLV6

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0.000051 USDC (shortened; full value 0.0000514500035902170766125 USDC)Limited by manipulation cost
Depth within 5%
buy23.77 USDC (shortened; full value 23.7785821485559643608238040789 USDC)sell24.23 USDC (shortened; full value 24.234802135922687097413058882913774700577014454706 USDC)
Cost to move +50%
0.00020 USDC (shortened; full value 0.00020580001436086830645 USDC)Reachable through the order book
Checks
5 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.

Lower at the end of the window than at its start

Lowest
9.56 USDC (shortened; full value 9.5699050534584805189580967777 USDC)
Highest
98.01 USDC (shortened; full value 98.01527152791383936514877982 USDC)
2026-09-26T14:50:56Z — 2026-10-03T13:53:42ZOne scale across every line on this chart
2% from mid
9.58 USDC (shortened; full value 9.5812067714613390822478350422 USDC)
5% from mid
23.77 USDC (shortened; full value 23.7785821485559643608238040789 USDC)
10% from mid
46.99 USDC (shortened; full value 46.9974329207070064025133884874 USDC)
168 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
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Price sources disagreenowPRICE_SOURCE_CONFLICT118 of 168
Extreme spreadnowSPREAD_EXTREME86 of 168
Nothing tradable within 2%ZERO_DEPTH_2PCT50 of 168

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
9.58 USDC (shortened; full value 9.5812067714613390822478350422 USDC)
Sell side
9.61 USDC (shortened; full value 9.619539818662481770825930204762746193190333851 USDC)

5% from mid

Buy side
23.77 USDC (shortened; full value 23.7785821485559643608238040789 USDC)
Sell side
24.23 USDC (shortened; full value 24.234802135922687097413058882913774700577014454706 USDC)

10% from mid

Buy side
46.99 USDC (shortened; full value 46.9974329207070064025133884874 USDC)
Sell side
49.11 USDC (shortened; full value 49.116195762493056704837344919949702110913824788504 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.