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keel
Ledger
64,752,496
Methodology
1.0.8-draft
Age
6s

UAF against USDC — what depth stands behind this price?

All assets

UAF / USDC

GDT5…RC5E

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%
buy14.82 USDC (shortened; full value 14.8279830305056054024560407187 USDC)sell15.11 USDC (shortened; full value 15.112471115457124391277264008505094431984519249219 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.

Lower at the end of the window than at its start

Lowest
5.98 USDC (shortened; full value 5.9892674781258188092059852199 USDC)
Highest
31.72 USDC (shortened; full value 31.7226331105804472859898814471 USDC)
2026-09-11T23:48:22Z — 2026-10-02T10:24:22ZOne scale across every line on this chart
2% from mid
5.98 USDC (shortened; full value 5.9892674781258188092059852199 USDC)
5% from mid
14.86 USDC (shortened; full value 14.8641285106685849118307637815 USDC)
10% from mid
29.37 USDC (shortened; full value 29.3783657175429513524127047235 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 7 daysNO_GENUINE_TRADE_7D6 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
5.97 USDC (shortened; full value 5.9747032237421194815406794543 USDC)
Sell side
5.99 USDC (shortened; full value 5.9986030020093633089606468760521262139550326365 USDC)

5% from mid

Buy side
14.82 USDC (shortened; full value 14.8279830305056054024560407187 USDC)
Sell side
15.11 USDC (shortened; full value 15.112471115457124391277264008505094431984519249219 USDC)

10% from mid

Buy side
29.30 USDC (shortened; full value 29.3069255968186155103169556973 USDC)
Sell side
30.62 USDC (shortened; full value 30.628151578033441635321790064191567967078786976196 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.