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keel
Ledger
64,751,768
Methodology
1.0.8-draft
Age
5s

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%
buy23.78 USDC (shortened; full value 23.7858228639069465864300996433 USDC)sell24.24 USDC (shortened; full value 24.242181769784033708627884628431348624026945098414 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
95.23 USDC (shortened; full value 95.2306801760037834744361091011 USDC)
2026-10-02T16:53:42Z — 2026-10-03T16:08:37ZOne scale across every line on this chart
2% from mid
9.58 USDC (shortened; full value 9.5841243041602038876773779169 USDC)
5% from mid
23.78 USDC (shortened; full value 23.7858228639069465864300996433 USDC)
10% from mid
47.01 USDC (shortened; full value 47.0117439099779283533705460066 USDC)
25 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_CONFLICT23 of 25
Extreme spreadnowSPREAD_EXTREME23 of 25
Nothing tradable within 2%ZERO_DEPTH_2PCT2 of 25

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.

Both price sources, not only the one that won, and the pair that set the band.

Price used
0.00013858 USDC (shortened; full value 0.0001385899263988 USDC)

AMM pool spot price, because the book and the pool disagree or the book is one-sided

AMM pool spot price
0.00013858 USDC (shortened; full value 0.0001385899263988 USDC)

The pool with the largest quote reserve, reported whichever source set the price

Book against pool
12.7060 % (shortened; full value 12.70600428416308910848080014 %)

Past the methodology threshold, the pool price is used and PRICE_SOURCE_CONFLICT fires

Spread
20.9602 % (shortened; full value 20.96029160828786146126379236 %)

Best ask minus best bid, over the mid