Skip to content
keel
Ledger
64,751,598
Methodology
1.0.8-draft
Age
9s

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%
buy67.40 USDC (shortened; full value 67.40916248494425544753902691 USDC)sell25.55 USDC (shortened; full value 25.555613159544291298039448318334977442126281455178 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

Collateral ceiling

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

Higher at the end of the window than at its start

Lowest
0 USDC
Highest
142.72 USDC (shortened; full value 142.7236462499795116124 USDC)
2026-09-11T17:48:29Z — 2026-10-02T10:09:32Z
Max safe collateral
12.60 USDC (shortened; full value 12.6085003750022691664 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.

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
17.27 USDC (shortened; full value 17.2726044203260558580406183195 USDC)
Sell side
10.70 USDC (shortened; full value 10.700043724455738643554763575180727515526799980868 USDC)

5% from mid

Buy side
67.40 USDC (shortened; full value 67.40916248494425544753902691 USDC)
Sell side
25.55 USDC (shortened; full value 25.555613159544291298039448318334977442126281455178 USDC)

10% from mid

Buy side
82.49 USDC (shortened; full value 82.4985073106845595470200625965 USDC)
Sell side
41.72 USDC (shortened; full value 41.725402606083530584080211736080235058289823463278 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.