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keel
Ledger
64,752,487
Methodology
1.0.8-draft
Age
8s

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 23.7852153774073783495126107538 USDC)sell24.24 USDC (shortened; full value 24.241562628204063084875052331431841353444881136811 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

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Higher at the end of the window than at its start

Lowest
0.00009740 USDC (shortened; full value 0.0000974077138011 USDC)
Highest
0.00017046 USDC (shortened; full value 0.0001704610864323 USDC)
2026-09-11T23:48:00Z — 2026-10-02T10:38:42Z
Mid price
0.00015619 USDC (shortened; full value 0.00015619916838445 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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
9.58 USDC (shortened; full value 9.5838795270020507467284506959 USDC)
Sell side
9.62 USDC (shortened; full value 9.6222232646730513442626280095763975543609053685 USDC)

5% from mid

Buy side
23.78 USDC (shortened; full value 23.7852153774073783495126107538 USDC)
Sell side
24.24 USDC (shortened; full value 24.241562628204063084875052331431841353444881136811 USDC)

10% from mid

Buy side
47.01 USDC (shortened; full value 47.0105432367908002833644795157 USDC)
Sell side
49.12 USDC (shortened; full value 49.129897121855406970272281286346586247647745916324 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.