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keel
Ledger
64,754,296
Methodology
1.0.8-draft
Age
7s

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
1,504.44 USDC (shortened; full value 1504.4411197522646067711032145957082524540944546098985 USDC)Limited by liquidation depth
Depth within 5%
buy471,084.68 USDC (shortened; full value 471084.6857494990008463341024992601 USDC)sell3,000.65 USDC (shortened; full value 3000.659566473118853567391689614881344501986708653381 USDC)
Cost to move +50%
471,076.90 USDC (shortened; full value 471076.90911563000074001349072 USDC)Reachable through the order book
Checks
1 triggered3 not evaluated

Cost to move the price 50%

The stored series carries one manipulation rung, the +50% move. A reading the engine could not produce breaks the line rather than sitting at zero.

Higher at the end of the window than at its start

Lowest
470,098.46 USDC (shortened; full value 470098.46859109476024 USDC)
Highest
471,077.80 USDC (shortened; full value 471077.80414096702642835393614 USDC)
2026-09-26T20:51:46Z — 2026-10-03T19:39:27Z
Cost to move +50%
471,076.90 USDC (shortened; full value 471076.90911563000074001349072 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.
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.

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
3.09 USDC (shortened; full value 3.0949503261041438546871853414 USDC)
Sell side
2,995.82 USDC (shortened; full value 2995.829590905561040455185938557324820614065107358962 USDC)

5% from mid

Buy side
471,084.68 USDC (shortened; full value 471084.6857494990008463341024992601 USDC)
Sell side
3,000.65 USDC (shortened; full value 3000.659566473118853567391689614881344501986708653381 USDC)

10% from mid

Buy side
471,092.35 USDC (shortened; full value 471092.3589940499261225801483094501 USDC)
Sell side
3,008.88 USDC (shortened; full value 3008.882239504529213542206429191416504908188909219797 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.