FRED against USDC — what depth stands behind this price?
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%
- buy23.87 USDC (shortened; full value 23.8716024360706197452391321551 USDC)sell24.32 USDC (shortened; full value 24.329607086850944266510431695074784469399983465345 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
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
- 89.14 USDC (shortened; full value 89.1443487067689631178198293884 USDC)
- 2% from mid
- 49.41 USDC (shortened; full value 49.4130189066016228614237607773 USDC)
- 5% from mid
- 64.48 USDC (shortened; full value 64.4887886830403661043562014599 USDC)
- 10% from mid
- 89.14 USDC (shortened; full value 89.1443487067689631178198293884 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.
Cheap to move the pricenow
MANIPULATION_CHEAPthroughout
Thin depth at 5%now
THIN_DEPTH_5PCTthroughout
Extreme spreadnow
SPREAD_EXTREME18 of 22
Price sources disagreenow
PRICE_SOURCE_CONFLICT15 of 22
Cheap next to real tradingnow
MANIPULATION_RATIO_LOW7 of 22
Nothing tradable within 2%
ZERO_DEPTH_2PCT7 of 22
No genuine trade in 7 days
NO_GENUINE_TRADE_7D1 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.
The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.
0.000051 USDC (shortened; full value 0.0000514500035902170766125 USDC)
Limited by manipulation cost
- Liquidation term
- 24.65 USDC (shortened; full value 24.65416756433576431059581629411994982995493182399 USDC)
Sell-side depth at the liquidation delta, times the haircut.
- Manipulation termbinds
- 0.000051 USDC (shortened; full value 0.0000514500035902170766125 USDC)
Order-book-only manipulation cost at the critical delta, times the safety margin.