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keel
Ledger
64,751,779
Methodology
1.0.8-draft
Age
6s

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%
buy67.77 USDC (shortened; full value 67.7791893579377678117141536321 USDC)sell25.18 USDC (shortened; full value 25.187830826365145635895096912974271305173450591375 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.

Lower at the end of the window than at its start

Lowest
15.98 USDC (shortened; full value 15.9862835063356758000472512358 USDC)
Highest
82.78 USDC (shortened; full value 82.7898875590639108953951510301 USDC)
2026-09-26T23:51:56Z — 2026-10-03T16:09:32ZOne scale across every line on this chart
2% from mid
17.27 USDC (shortened; full value 17.2726044203260558580406183195 USDC)
5% from mid
67.40 USDC (shortened; full value 67.40916248494425544753902691 USDC)
10% from mid
82.49 USDC (shortened; full value 82.4985073106845595470200625965 USDC)
8 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)192.96 USDC (shortened; full value 192.9617231351822304149692171812 USDC)50.43 USDC (shortened; full value 50.4338464000104706424 USDC)
+100%0.000005 USDC (shortened; full value 0.000005803936644 USDC)311.52 USDC (shortened; full value 311.5230584904778545746278515223 USDC)50.43 USDC (shortened; full value 50.4338464000104706424 USDC)
+1,000%0.000031 USDC (shortened; full value 0.000031921651542 USDC)1,501.96 USDC (shortened; full value 1501.9699572158504991499600592999 USDC)50.43 USDC (shortened; full value 50.4338464000104706424 USDC)
+10,000%0.000293 USDC (shortened; full value 0.000293098800522 USDC)5,715.34 USDC (shortened; full value 5715.347933504462670650447648344 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