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keel
Ledger
64,754,296
Methodology
1.0.8-draft
Age
8s

USDT against USDC — what depth stands behind this price?

All assets

USDT / USDC

GCQT…TG6V

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%
buy10.81 USDC (shortened; full value 10.8199975643857853341625136811 USDC)sell11.02 USDC (shortened; full value 11.027587266636247899224103181396195114220353280318 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
7 triggered3 not evaluated

Every stored reading from this source, whenever it was taken

A reconstruction is written where a replay ran rather than on the scan's cadence, so there is no window to choose: the engine returns the readings it holds and the axis below is labelled from them.

No readings were stored in this range from this source

The engine holds no stored reading for Trades implied on this asset. A reconstruction exists only where keel replay has been run, and it has been run on one pair.

Checks

What fires now, how long it has been firing across the window above, and what could not run.

Triggered7

  • Cheap to move the price
  • Cheap next to real trading
  • Price sources disagree
  • Extreme spread
  • One holder owns most of it
  • Thin depth at 5%
  • Supply is concentrated

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.

Both price sources, not only the one that won, and the pair that set the band.

Price used
0.11351865 USDC (shortened; full value 0.1135186509082407 USDC)

AMM pool spot price, because the book and the pool disagree or the book is one-sided

AMM pool spot price
0.11351865 USDC (shortened; full value 0.1135186509082407 USDC)

The pool with the largest quote reserve, reported whichever source set the price

Book against pool
36.3845 % (shortened; full value 36.38450489087072308173283296 %)

Past the methodology threshold, the pool price is used and PRICE_SOURCE_CONFLICT fires

Spread
96.5863 % (shortened; full value 96.58633107666769339219221235 %)

Best ask minus best bid, over the mid