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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

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)
2026-09-26T17:51:46Z — 2026-10-03T17:09:22Z
Cost to move +50%
471,077.10 USDC (shortened; full value 471077.10923251734109109627701 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.

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
2.83 USDC (shortened; full value 2.8378027663904230479438977086 USDC)
Sell side
2,996.08 USDC (shortened; full value 2996.083253267819202153164125947551316327670982679792 USDC)

5% from mid

Buy side
471,084.41 USDC (shortened; full value 471084.419543891040347432238845519 USDC)
Sell side
3,000.90 USDC (shortened; full value 3000.903904171649193735799485717714187125794953144356 USDC)

10% from mid

Buy side
471,092.07 USDC (shortened; full value 471092.0779746144135113887386030347 USDC)
Sell side
3,009.11 USDC (shortened; full value 3009.110702658791310737241641008807577688855099463848 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.