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keel
Ledger
64,753,212
Methodology
1.0.8-draft
Age
9s

RBT against USDC — what depth stands behind this price?

All assets

RBT / USDC

GCMS…SOYS

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0 USDCLimited by manipulation cost
Depth within 5%
buy12.17 USDC (shortened; full value 12.1784455750468289510415508696 USDC)sell12.41 USDC (shortened; full value 12.412098112928980257298175472107433932742839419304 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
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
4.62 USDC (shortened; full value 4.6280148404990814842363099878 USDC)
Highest
25.46 USDC (shortened; full value 25.465449801833784344527488754 USDC)
2026-09-11T23:48:11Z — 2026-10-02T10:39:07ZOne scale across every line on this chart
2% from mid
4.99 USDC (shortened; full value 4.9967192234889248817669420245 USDC)
5% from mid
12.40 USDC (shortened; full value 12.4008281381530350240085433354 USDC)
10% from mid
24.50 USDC (shortened; full value 24.5097493594443002863275425463 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
Price sources disagreenowPRICE_SOURCE_CONFLICTthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOW21 of 22
No genuine trade in 30 daysNO_GENUINE_TRADE_30D9 of 22
No genuine trade in 7 daysNO_GENUINE_TRADE_7D9 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 ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

0 USDC

Limited by manipulation cost

Liquidation term
12.57 USDC (shortened; full value 12.577679968253442481475451244765546259009126925168 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation termbinds
0 USDC

Order-book-only manipulation cost at the critical delta, times the safety margin.