USDT against USDC — what depth stands behind this price?
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%
- buy10.82 USDC (shortened; full value 10.8217588435041570250547440441 USDC)sell11.02 USDC (shortened; full value 11.029382337204718081125334193190911001636650483827 USDC)
- Cost to move +50%
- 0 USDCReachable at no cost: nothing stands in the way
- Checks
- 7 triggered3 not evaluated
History
Buy-side depth
What an order can absorb before the price moves against a buyer. The rungs are nested, so one scale covers all three.
Lower at the end of the window than at its start
- Lowest
- 0 USDC
- Highest
- 29.53 USDC (shortened; full value 29.5365183504595347239035861322 USDC)
- 2% from mid
- 4.42 USDC (shortened; full value 4.4284838303637876556064442843 USDC)
- 5% from mid
- 10.99 USDC (shortened; full value 10.9905849091487803692321879414 USDC)
- 10% from mid
- 21.72 USDC (shortened; full value 21.7224590515975116137019193917 USDC)
22 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.
Cheap to move the pricenow
MANIPULATION_CHEAPthroughout
Extreme spreadnow
SPREAD_EXTREMEthroughout
Thin depth at 5%now
THIN_DEPTH_5PCTthroughout
Price sources disagreenow
PRICE_SOURCE_CONFLICT13 of 22
Cheap next to real tradingnow
MANIPULATION_RATIO_LOW7 of 22
One holder owns most of itnow
HOLDER_CONCENTRATION_EXTREME7 of 22
Supply is concentratednow
HOLDER_CONCENTRATION_HIGH7 of 22
No genuine trade in 30 days
NO_GENUINE_TRADE_30D5 of 22
No genuine trade in 7 days
NO_GENUINE_TRADE_7D5 of 22
Nothing tradable within 2%
ZERO_DEPTH_2PCT3 of 22
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 side4.36 USDC (shortened; full value 4.3604580148106230011190703047 USDC)
Sell side
4.37 USDC (shortened; full value 4.3778989458138371590762643040642943973851936045 USDC)
5% from mid
Buy side10.82 USDC (shortened; full value 10.8217588435041570250547440441 USDC)
Sell side
11.02 USDC (shortened; full value 11.029382337204718081125334193190911001636650483827 USDC)
10% from mid
Buy side21.38 USDC (shortened; full value 21.3887809691184893592535367836 USDC)
Sell side
22.35 USDC (shortened; full value 22.353036533020494535037033887935301659040407140868 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.