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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

Cost to move the price 50%

The stored series carries one manipulation rung, the +50% move. A reading the engine could not produce breaks the line rather than sitting at zero.

Higher at the end of the window than at its start

Lowest
0 USDC
Highest
570.89 USDC (shortened; full value 570.8945849999180464496 USDC)
2026-09-11T17:48:29Z — 2026-10-02T10:09:32Z
Cost to move +50%
50.43 USDC (shortened; full value 50.4340015000090766656 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
17.64 USDC (shortened; full value 17.6426230755430542242408178294 USDC)
Sell side
10.33 USDC (shortened; full value 10.332252931617238586075995774072252119104319748211 USDC)

5% from mid

Buy side
67.77 USDC (shortened; full value 67.7791893579377678117141536321 USDC)
Sell side
25.18 USDC (shortened; full value 25.187830826365145635895096912974271305173450591375 USDC)

10% from mid

Buy side
82.86 USDC (shortened; full value 82.8685476232978248160951500426 USDC)
Sell side
41.35 USDC (shortened; full value 41.357634674843246794299215702326373198700181856306 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.