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keel
Ledger
64,751,059
Methodology
1.0.8-draft
Age
9s

XH5 against USDC — what depth stands behind this price?

All assets

XH5 / USDC

GA6N…RFBF

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0 USDCLimited by manipulation cost
Depth within 5%
buy23.42 USDC (shortened; full value 23.4295069120386312083749879529 USDC)sell23.87 USDC (shortened; full value 23.879019431316296244168348400407578242156892067226 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
5 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
9.21 USDC (shortened; full value 9.2136385811688894338011342573 USDC)
Highest
46.99 USDC (shortened; full value 46.990684086511961673679989173 USDC)
2026-09-26T15:51:56Z — 2026-10-03T15:09:47ZOne scale across every line on this chart
2% from mid
9.44 USDC (shortened; full value 9.4426986468712080909730381158 USDC)
5% from mid
23.43 USDC (shortened; full value 23.4348335063057020943645292082 USDC)
10% from mid
46.31 USDC (shortened; full value 46.3180272414780664539000748803 USDC)
169 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
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Price sources disagreenowPRICE_SOURCE_CONFLICTthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
No genuine trade in 30 daysNO_GENUINE_TRADE_30D33 of 169
No genuine trade in 7 daysNO_GENUINE_TRADE_7D33 of 169

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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

0 USDC

Limited by manipulation cost

Liquidation term
24.19 USDC (shortened; full value 24.197574143403823943957254380700790602766016292092 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation termbinds
0 USDC

Order-book-only manipulation cost at the critical delta, times the safety margin.