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keel
Ledger
64,753,574
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
711.46 USDC (shortened; full value 711.466597011287051827421605487040307464571468022 USDC)Limited by liquidation depth
Depth within 5%
buy2,974.78 USDC (shortened; full value 2974.7815319501079531969603357699 USDC)sell429.91 USDC (shortened; full value 429.919189179170508674994354703427452026666776701 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.

Lower at the end of the window than at its start

Lowest
160.52 USDC (shortened; full value 160.52516732583617140702934 USDC)
Highest
1,308.05 USDC (shortened; full value 1308.0520225009924051435142775 USDC)
2026-09-11T17:48:12Z — 2026-10-02T10:39:12Z
Max safe collateral
568.86 USDC (shortened; full value 568.86972022675054818124357971281248326360373831384 USDC)
498 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOW144 of 498
Cheap to move the priceMANIPULATION_CHEAP493 of 498
Nothing tradable within 2%ZERO_DEPTH_2PCT218 of 498
Extreme spreadSPREAD_EXTREME2 of 498
Price sources disagreePRICE_SOURCE_CONFLICT1 of 498

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%0.010770 USDC (shortened; full value 0.010770740274720375 USDC)24,429.49 USDC (shortened; full value 24429.496570080742947916021812633 USDC)19,314.83 USDC (shortened; full value 19314.83252771836917475275283 USDC)
+100%0.014360 USDC (shortened; full value 0.0143609870329605 USDC)39,947.60 USDC (shortened; full value 39947.6034927961334842456314063099 USDC)30,630.06 USDC (shortened; full value 30630.06935713445246162365478 USDC)
+1,000%0.078985 USDC (shortened; full value 0.07898542868128275 USDC)285,760.85 USDC (shortened; full value 285760.8501383782307534320630987578 USDC)unreachablebook ends at 234,243.27 USDC (shortened; full value 234243.2711624633033923915506 USDC)
+10,000%0.725229 USDC (shortened; full value 0.72522984516450525 USDC)435,120.50 USDC (shortened; full value 435120.506347061555111679648302334 USDC)unreachablebook ends at 234,243.27 USDC (shortened; full value 234243.2711624633033923915506 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