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keel
Ledger
64,752,668
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%
buy23.79 USDC (shortened; full value 23.7965378842562403088047723926 USDC)sell24.25 USDC (shortened; full value 24.253102365769613981201087515240000346120373862241 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

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Unchanged across the window

Lowest
0.000051 USDC (shortened; full value 0.0000514500035902170766125 USDC)
Highest
0.000051 USDC (shortened; full value 0.0000514500035902170766125 USDC)
2026-09-26T23:50:56Z — 2026-10-03T17:23:37Z
Max safe collateral
0.000051 USDC (shortened; full value 0.0000514500035902170766125 USDC)
8 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_CONFLICT7 of 8
Extreme spreadnowSPREAD_EXTREME5 of 8
Nothing tradable within 2%ZERO_DEPTH_2PCT1 of 8

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%0.000208 USDC (shortened; full value 0.0002080717658199 USDC)216.56 USDC (shortened; full value 216.5676590565559026916544257584 USDC)0.00020 USDC (shortened; full value 0.00020580001436086830645 USDC)
+100%0.000277 USDC (shortened; full value 0.0002774290210932 USDC)399.14 USDC (shortened; full value 399.1424676546178308024541040523 USDC)0.00020 USDC (shortened; full value 0.00020580001436086830645 USDC)
+1,000%0.001525 USDC (shortened; full value 0.0015258596160126 USDC)2,255.37 USDC (shortened; full value 2255.3721689744265621034872677392 USDC)23.03 USDC (shortened; full value 23.03855490017697241162958 USDC)
+10,000%0.014010 USDC (shortened; full value 0.0140101655652066 USDC)9,117.27 USDC (shortened; full value 9117.2773612541235199061279321744 USDC)396.68 USDC (shortened; full value 396.68452450046697241162958 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