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keel
Ledger
64,751,598
Methodology
1.0.8-draft
Age
9s

XAU against USDC — what depth stands behind this price?

All assets

XAU / USDC

GBCB…LXAU

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
12.60 USDC (shortened; full value 12.6084616000026176606 USDC)Limited by manipulation cost
Depth within 5%
buy67.40 USDC (shortened; full value 67.40916248494425544753902691 USDC)sell25.55 USDC (shortened; full value 25.555613159544291298039448318334977442126281455178 USDC)
Cost to move +50%
50.43 USDC (shortened; full value 50.4338464000104706424 USDC)Reachable through the order book
Checks
2 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
0.0000010 USDC (shortened; full value 0.0000010000000502784 USDC)
Highest
583.16 USDC (shortened; full value 583.1646472128881309603510875788 USDC)
2026-09-11T17:48:29Z — 2026-10-02T10:09:32ZOne scale across every line on this chart
2% from mid
33.80 USDC (shortened; full value 33.8091349020329803480678943063 USDC)
5% from mid
67.36 USDC (shortened; full value 67.3644976178139168634517197552 USDC)
10% from mid
82.72 USDC (shortened; full value 82.7276541790037460886287292189 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 tradingMANIPULATION_RATIO_LOW193 of 498
Nothing tradable within 2%ZERO_DEPTH_2PCT125 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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

12.60 USDC (shortened; full value 12.6084616000026176606 USDC)

Limited by manipulation cost

Liquidation term
20.86 USDC (shortened; full value 20.862701303041765292040105868040117529144911731639 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation termbinds
12.60 USDC (shortened; full value 12.6084616000026176606 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.