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keel
Ledger
64,752,678
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%
buy68.14 USDC (shortened; full value 68.1431231595734517478375923908 USDC)sell24.82 USDC (shortened; full value 24.8261098449909123476248698402882915626527330284 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

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Higher at the end of the window than at its start

Lowest
0.00000208 USDC (shortened; full value 0.0000020864633501 USDC)
Highest
0.00000305 USDC (shortened; full value 0.000003050516252 USDC)
2026-09-11T17:48:29Z — 2026-10-02T10:09:32Z
Mid price
0.00000300 USDC (shortened; full value 0.00000300906395995 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.

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)193.32 USDC (shortened; full value 193.3257876832447015374765699168 USDC)50.43 USDC (shortened; full value 50.4338464000104706424 USDC)
+100%0.000005 USDC (shortened; full value 0.000005803936644 USDC)311.88 USDC (shortened; full value 311.8872468694813130895112737012 USDC)50.43 USDC (shortened; full value 50.4338464000104706424 USDC)
+1,000%0.000031 USDC (shortened; full value 0.000031921651542 USDC)1,502.33 USDC (shortened; full value 1502.3353889526419154869025763485 USDC)50.43 USDC (shortened; full value 50.4338464000104706424 USDC)
+10,000%0.000293 USDC (shortened; full value 0.000293098800522 USDC)5,715.71 USDC (shortened; full value 5715.7177658880414721269109744991 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