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keel
Ledger
64,750,881
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 12.608488699998126738075 USDC)Limited by manipulation cost
Depth within 5%
buy67.47 USDC (shortened; full value 67.4706590203982234318709427611 USDC)sell25.52 USDC (shortened; full value 25.522250126671032448521818818268736895284141692907 USDC)
Cost to move +50%
50.43 USDC (shortened; full value 50.4339547999925069523 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.

Higher at the end of the window than at its start

Lowest
0.0000010 USDC (shortened; full value 0.0000010000000502784 USDC)
Highest
583.16 USDC (shortened; full value 583.1646472128881309603510875788 USDC)
2026-09-11T17:48:29Z — 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)
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
34.08 USDC (shortened; full value 34.0815564854373244204790134938 USDC)
Sell side
10.65 USDC (shortened; full value 10.654327059834578738454645266656058225328252144119 USDC)

5% from mid

Buy side
67.47 USDC (shortened; full value 67.4706590203982234318709427611 USDC)
Sell side
25.52 USDC (shortened; full value 25.522250126671032448521818818268736895284141692907 USDC)

10% from mid

Buy side
82.56 USDC (shortened; full value 82.561979727331112633248899317 USDC)
Sell side
41.69 USDC (shortened; full value 41.694156933720250699551053128401851124039655123931 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.