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keel
Ledger
64,753,388
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%
buy23.84 USDC (shortened; full value 23.8448939032501463232324635815 USDC)sell24.30 USDC (shortened; full value 24.302386130959878081151546641835350091089898809846 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.

Higher at the end of the window than at its start

Lowest
0 USDC
Highest
89.14 USDC (shortened; full value 89.1443487067689631178198293884 USDC)
2026-09-11T23:48:00Z — 2026-10-02T10:38:42ZOne scale across every line on this chart
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 pricenowMANIPULATION_CHEAPthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Extreme spreadnowSPREAD_EXTREME18 of 22
Price sources disagreenowPRICE_SOURCE_CONFLICT15 of 22
Cheap next to real tradingnowMANIPULATION_RATIO_LOW7 of 22
Nothing tradable within 2%ZERO_DEPTH_2PCT7 of 22
No genuine trade in 7 daysNO_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.

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 0.00020891697632715 USDC)217.00 USDC (shortened; full value 217.0077373542507813529466016542 USDC)0.00020 USDC (shortened; full value 0.00020580001436086830645 USDC)
+100%0.000278 USDC (shortened; full value 0.0002785559684362 USDC)399.95 USDC (shortened; full value 399.9535491190472125702330131907 USDC)0.00020 USDC (shortened; full value 0.00020580001436086830645 USDC)
+1,000%0.001532 USDC (shortened; full value 0.0015320578263991 USDC)2,259.90 USDC (shortened; full value 2259.9084072779962052105431382283 USDC)23.03 USDC (shortened; full value 23.03855490017697241162958 USDC)
+10,000%0.014067 USDC (shortened; full value 0.0140670764060281 USDC)9,134.99 USDC (shortened; full value 9134.9981387429855534764292609771 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