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keel
Ledger
64,752,496
Methodology
1.0.8-draft
Age
9s

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 10.8141271335071388270995520521 USDC)sell11.02 USDC (shortened; full value 11.021604207174191047570352654319588884698007491053 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 Offers 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.

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
4.35 USDC (shortened; full value 4.3573829369508734669708692161 USDC)
Sell side
4.37 USDC (shortened; full value 4.3748115682780904619639656527978917002887408755 USDC)

5% from mid

Buy side
10.81 USDC (shortened; full value 10.8141271335071388270995520521 USDC)
Sell side
11.02 USDC (shortened; full value 11.021604207174191047570352654319588884698007491053 USDC)

10% from mid

Buy side
21.37 USDC (shortened; full value 21.3736971942990166458789480805 USDC)
Sell side
22.33 USDC (shortened; full value 22.337272746852300204228658574268308966747962685052 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.