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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

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.

The engine's own notes on the limits of this computation, verbatim and in the order served.

  1. maxReachablePrice and costToMaxReachablePrice are null because an active pool is present: under a constant product curve the price tends to infinity as the base reserve tends to zero, so every target is reachable and a highest price has no meaning