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keel
Ledger
64,752,498
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

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
186.99 USDC (shortened; full value 186.997318347213741865945390349 USDC)
2026-09-11T23:48:28Z — 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)
22 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_LOW7 of 22
Nothing tradable within 2%ZERO_DEPTH_2PCT5 of 22

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
18.00 USDC (shortened; full value 18.0065472405704513337154585856 USDC)
Sell side
9.97 USDC (shortened; full value 9.970522029989844429631466887351467329142822933048 USDC)

5% from mid

Buy side
68.14 USDC (shortened; full value 68.1431231595734517478375923908 USDC)
Sell side
24.82 USDC (shortened; full value 24.8261098449909123476248698402882915626527330284 USDC)

10% from mid

Buy side
83.23 USDC (shortened; full value 83.2324971849570214425507075443 USDC)
Sell side
40.99 USDC (shortened; full value 40.99593058195985361165857048685526161730535986152 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.