Skip to content
keel
Ledger
64,751,778
Methodology
1.0.8-draft
Age
8s

VAQM against USDC — what depth stands behind this price?

All assets

VAQM / USDC

GC2B…BVCD

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
9.12 USDC (shortened; full value 9.124639347539622519297200625672027644041373697258 USDC)Limited by liquidation depth
Depth within 5%
buy8.83 USDC (shortened; full value 8.8350096334477615745949125359 USDC)sell9.00 USDC (shortened; full value 9.004515865614044178256642037810284317568894845199 USDC)
Cost to move +50%
764.76 USDC (shortened; full value 764.76460592322 USDC)Reachable through the order book
Checks
7 triggered3 not evaluated

History

Window
Resolution
Source

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
3.44 USDC (shortened; full value 3.4412066058149855948274724223 USDC)
Highest
927.24 USDC (shortened; full value 927.2405979707412128932622425163 USDC)
2026-09-11T17:48:23Z — 2026-10-02T10:09:27ZOne scale across every line on this chart
2% from mid
3.61 USDC (shortened; full value 3.6153228061401684959183829474 USDC)
5% from mid
773.73 USDC (shortened; full value 773.7370926245209907659350323642 USDC)
10% from mid
782.49 USDC (shortened; full value 782.4983731950393245072528708615 USDC)
498 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 pricenowMANIPULATION_CHEAPthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOW480 of 498
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREME480 of 498
Supply is concentratednowHOLDER_CONCENTRATION_HIGH480 of 498
Price sources disagreenowPRICE_SOURCE_CONFLICT200 of 498
Extreme spreadnowSPREAD_EXTREME199 of 498

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.

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.

Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
+50%0.412270 USDC (shortened; full value 0.41227020058588095 USDC)845.17 USDC (shortened; full value 845.170232368513926001094068243 USDC)764.76 USDC (shortened; full value 764.76460592322 USDC)
+100%0.549693 USDC (shortened; full value 0.5496936007811746 USDC)912.95 USDC (shortened; full value 912.9553110482133932563980898004 USDC)764.76 USDC (shortened; full value 764.76460592322 USDC)
+1,000%3.023314 USDC (shortened; full value 3.0233148042964603 USDC)1,593.56 USDC (shortened; full value 1593.5695808882446001940190644697 USDC)764.76 USDC (shortened; full value 764.76460592322 USDC)
+10,000%27.759526 USDC (shortened; full value 27.7595268394493173 USDC)4,002.48 USDC (shortened; full value 4002.4843993166943002967027544497 USDC)764.76 USDC (shortened; full value 764.76460592322 USDC)

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder