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keel
Ledger
64,752,678
Methodology
1.0.8-draft
Age
8s

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%
buy23.40 USDC (shortened; full value 23.4029360969973689565800253948 USDC)sell23.85 USDC (shortened; full value 23.851938835422483416229057795902217118613695844127 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
5 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.

Lower at the end of the window than at its start

Lowest
9.42 USDC (shortened; full value 9.4298460860184309642288749947 USDC)
Highest
46.29 USDC (shortened; full value 46.2981228610138472995673745036 USDC)
2026-10-02T23:54:32Z — 2026-10-03T17:24:32ZOne scale across every line on this chart
2% from mid
9.42 USDC (shortened; full value 9.4298460860184309642288749947 USDC)
5% from mid
23.40 USDC (shortened; full value 23.4029360969973689565800253948 USDC)
10% from mid
46.25 USDC (shortened; full value 46.2549832658134467843736483573 USDC)
2 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

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
24.17 USDC (shortened; full value 24.170132282615825438033018222780717253266261033034 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.