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keel
Ledger
64,750,881
Methodology
1.0.8-draft
Age
4s

VELO against USDC — what depth stands behind this price?

All assets

VELO / USDC

GDM4…2M5M

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
98.34 USDC (shortened; full value 98.345366570760704386525166759972349093308954559445 USDC)Limited by liquidation depth
Depth within 5%
buy29.24 USDC (shortened; full value 29.2432539273534238056625392772 USDC)sell0 USDC
Cost to reach the critical move
The engine sent no critical rung
Checks
3 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.

Higher at the end of the window than at its start

Lowest
0 USDC
Highest
573.46 USDC (shortened; full value 573.4609651493865384447686787961 USDC)
2026-09-26T15:51:51Z — 2026-10-03T15:09:47ZOne scale across every line on this chart
2% from mid
21.60 USDC (shortened; full value 21.606966658084169254966957657 USDC)
5% from mid
29.24 USDC (shortened; full value 29.2432539273534238056625392772 USDC)
10% from mid
63.00 USDC (shortened; full value 63.0091680031729614143533175489 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.
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Nothing tradable within 2%nowZERO_DEPTH_2PCT58 of 169
Cheap to move the priceMANIPULATION_CHEAP78 of 169

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%0.008762 USDC (shortened; full value 0.00876222961321275 USDC)14,799.86 USDC (shortened; full value 14799.8680001352148853598415675187 USDC)14,667.01 USDC (shortened; full value 14667.01803680759626700150449 USDC)
+100%0.011682 USDC (shortened; full value 0.011682972817617 USDC)16,390.66 USDC (shortened; full value 16390.6647793767245792419457164059 USDC)16,159.68 USDC (shortened; full value 16159.68810901087194763883612 USDC)
+1,000%0.064256 USDC (shortened; full value 0.0642563504968935 USDC)125,218.10 USDC (shortened; full value 125218.1025077330562430309510864896 USDC)124,001.85 USDC (shortened; full value 124001.85830705694154068367278 USDC)
+10,000%0.589990 USDC (shortened; full value 0.5899901272896585 USDC)1,164,722.26 USDC (shortened; full value 1164722.2603612211306969123991777141 USDC)1,160,018.83 USDC (shortened; full value 1160018.83456730773014068367278 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