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keel
Ledger
64,751,059
Methodology
1.0.8-draft
Age
7s

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%
buy67.39 USDC (shortened; full value 67.3960758795952619228205914944 USDC)sell25.56 USDC (shortened; full value 25.568620382681687624998022278183508192328438462503 USDC)
Cost to move +50%
50.43 USDC (shortened; full value 50.4338464000104706424 USDC)Reachable through the order book
Checks
2 triggered3 not evaluated

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
11.35 USDC (shortened; full value 11.3552931137615633831183559149 USDC)
Highest
85.65 USDC (shortened; full value 85.6588967106528648514478284945 USDC)
2026-09-26T15:51:51Z — 2026-10-03T15:09:47ZOne scale across every line on this chart
2% from mid
34.08 USDC (shortened; full value 34.0815564854373244204790134938 USDC)
5% from mid
67.47 USDC (shortened; full value 67.4706590203982234318709427611 USDC)
10% from mid
82.56 USDC (shortened; full value 82.561979727331112633248899317 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 to move the pricenowMANIPULATION_CHEAPthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout

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%0.000004 USDC (shortened; full value 0.000004352952483 USDC)192.57 USDC (shortened; full value 192.5784942158509312353645306998 USDC)50.43 USDC (shortened; full value 50.4338464000104706424 USDC)
+100%0.000005 USDC (shortened; full value 0.000005803936644 USDC)311.13 USDC (shortened; full value 311.1397202361029747685892088386 USDC)50.43 USDC (shortened; full value 50.4338464000104706424 USDC)
+1,000%0.000031 USDC (shortened; full value 0.000031921651542 USDC)1,501.58 USDC (shortened; full value 1501.5855211536349559954617272923 USDC)50.43 USDC (shortened; full value 50.4338464000104706424 USDC)
+10,000%0.000293 USDC (shortened; full value 0.000293098800522 USDC)5,714.95 USDC (shortened; full value 5714.9596119439666074049372275102 USDC)50.43 USDC (shortened; full value 50.4338464000104706424 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