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keel
Ledger
64,751,954
Methodology
1.0.8-draft
Age
6s

SHX against USDC — what depth stands behind this price?

All assets

SHX / USDC

GDST…J6JH

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
856.45 USDC (shortened; full value 856.457665720372574753944660761650147953855318140713 USDC)Limited by liquidation depth
Depth within 5%
buy1,133.56 USDC (shortened; full value 1133.5629981529279732103965315939 USDC)sell768.97 USDC (shortened; full value 768.97739812424035178191335701777266031641330931052 USDC)
Cost to reach the critical move
The engine sent no critical rung
Checks
2 triggered3 not evaluated

History

Window
Resolution
Source

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Higher at the end of the window than at its start

Lowest
160.52 USDC (shortened; full value 160.52516732583617140702934 USDC)
Highest
1,297.89 USDC (shortened; full value 1297.89906901315235362654732433309911824360296148887 USDC)
2026-09-26T17:51:31Z — 2026-10-03T16:39:12Z
Max safe collateral
856.45 USDC (shortened; full value 856.457665720372574753944660761650147953855318140713 USDC)
168 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 next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap to move the priceMANIPULATION_CHEAP140 of 168
Nothing tradable within 2%ZERO_DEPTH_2PCT65 of 168
Extreme spreadSPREAD_EXTREME2 of 168
Price sources disagreePRICE_SOURCE_CONFLICT1 of 168

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%0.010548 USDC (shortened; full value 0.0105481279260261 USDC)24,108.34 USDC (shortened; full value 24108.3482536465572420377248203036 USDC)19,346.60 USDC (shortened; full value 19346.60559191914851993121556 USDC)
+100%0.014064 USDC (shortened; full value 0.0140641705680348 USDC)39,566.52 USDC (shortened; full value 39566.5242861917067967502133716017 USDC)30,645.63 USDC (shortened; full value 30645.63376773554583434602129 USDC)
+1,000%0.077352 USDC (shortened; full value 0.0773529381241914 USDC)281,528.21 USDC (shortened; full value 281528.2115850097176949509941720246 USDC)unreachablebook ends at 230,846.28 USDC (shortened; full value 230846.28107366288253376581868 USDC)
+10,000%0.710240 USDC (shortened; full value 0.7102406136857574 USDC)429,334.08 USDC (shortened; full value 429334.0871443067514070606602214827 USDC)unreachablebook ends at 230,846.28 USDC (shortened; full value 230846.28107366288253376581868 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