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keel
Ledger
64,752,496
Methodology
1.0.8-draft
Age
8s

USDM against USDC — what depth stands behind this price?

All assets

USDM / USDC

GDHD…USDM

Risk band

Medium

partial confidence

A floor: the real band can only be worse.

Max safe collateral
1,504.55 USDC (shortened; full value 1504.555351329395655368620820504403788844427549731924 USDC)Limited by liquidation depth
Depth within 5%
buy471,084.41 USDC (shortened; full value 471084.419543891040347432238845519 USDC)sell3,000.90 USDC (shortened; full value 3000.903904171649193735799485717714187125794953144356 USDC)
Cost to move +50%
471,077.10 USDC (shortened; full value 471077.10923251734109109627701 USDC)Reachable through the order book
Checks
1 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
1,503.23 USDC (shortened; full value 1503.236190825242386258262750202360688277886912841603 USDC)
Highest
1,718.23 USDC (shortened; full value 1718.237503390924190961997163492729504939741971089883 USDC)
2026-09-26T17:51:46Z — 2026-10-03T17:09:22Z
Max safe collateral
1,504.65 USDC (shortened; full value 1504.655179898681019038621489755454603454933947574612 USDC)
169 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

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%1.443357 USDC (shortened; full value 1.4433572330088471 USDC)471,147.95 USDC (shortened; full value 471147.9545031550267561455132156596 USDC)471,077.10 USDC (shortened; full value 471077.10923251734109109627701 USDC)
+100%1.924476 USDC (shortened; full value 1.9244763106784628 USDC)471,208.12 USDC (shortened; full value 471208.1289491003910678367031769472 USDC)471,077.10 USDC (shortened; full value 471077.10923251734109109627701 USDC)
+1,000%10.584619 USDC (shortened; full value 10.5846197087315454 USDC)471,812.32 USDC (shortened; full value 471812.3266189689677930579498006329 USDC)471,077.10 USDC (shortened; full value 471077.10923251734109109627701 USDC)
+10,000%97.186053 USDC (shortened; full value 97.1860536892623714 USDC)473,950.77 USDC (shortened; full value 473950.7782863846986278992964644274 USDC)471,077.10 USDC (shortened; full value 471077.10923251734109109627701 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