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keel
Ledger
64,753,578
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 12.60857832499587723145 USDC)Limited by manipulation cost
Depth within 5%
buy67.46 USDC (shortened; full value 67.469565678716716478960010853 USDC)sell25.48 USDC (shortened; full value 25.48864258270117077919407445035630909628306510252 USDC)
Cost to move +50%
50.43 USDC (shortened; full value 50.4343132999835089258 USDC)Reachable through the order book
Checks
2 triggered3 not evaluated

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Lower at the end of the window than at its start

Lowest
12.60 USDC (shortened; full value 12.60830922500251431355 USDC)
Highest
12.60 USDC (shortened; full value 12.60887330000099450585 USDC)
2026-09-26T23:51:56Z — 2026-10-03T18:39:32Z
Max safe collateral
12.60 USDC (shortened; full value 12.6086921500010565411 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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
34.08 USDC (shortened; full value 34.0835757092569736956641733727 USDC)
Sell side
10.63 USDC (shortened; full value 10.635330382770205618768020213273484869337520635176 USDC)

5% from mid

Buy side
67.46 USDC (shortened; full value 67.469565678716716478960010853 USDC)
Sell side
25.48 USDC (shortened; full value 25.48864258270117077919407445035630909628306510252 USDC)

10% from mid

Buy side
82.55 USDC (shortened; full value 82.5553244992835259036386085574 USDC)
Sell side
41.65 USDC (shortened; full value 41.654589254800614964008102113342342185927379084248 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.