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keel
Ledger
64,751,952
Methodology
1.0.8-draft
Age
6s

neco against USDC — what depth stands behind this price?

All assets

neco / USDC

GB5N…OL4S

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%
buy20.12 USDC (shortened; full value 20.1251516970035975325976406606 USDC)sell20.51 USDC (shortened; full value 20.511267703376610642867587970465944663402536518586 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
3 triggered5 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
8.10 USDC (shortened; full value 8.1092470293160724842520580724 USDC)
Highest
40.63 USDC (shortened; full value 40.6317266677610857871144337951 USDC)
2026-10-02T16:54:02Z — 2026-10-03T16:24:02ZOne scale across every line on this chart
2% from mid
8.10 USDC (shortened; full value 8.1092470293160724842520580724 USDC)
5% from mid
20.12 USDC (shortened; full value 20.1254811892672987323501942759 USDC)
10% from mid
39.77 USDC (shortened; full value 39.7772224719033664946491671037 USDC)
25 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout

Not evaluated5

  • Price sources disagree
  • Extreme spread
  • 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.

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.

Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
+50%0.026477 USDC (shortened; full value 0.0264779770751367 USDC)183.15 USDC (shortened; full value 183.1549139887773862831815023386 USDC)free to reach
+100%0.035303 USDC (shortened; full value 0.0353039694335156 USDC)337.56 USDC (shortened; full value 337.5616489919534387478409951385 USDC)free to reach
+1,000%0.194171 USDC (shortened; full value 0.1941718318843358 USDC)1,887.92 USDC (shortened; full value 1887.9239005304035555587571599937 USDC)free to reach
+10,000%1.782850 USDC (shortened; full value 1.7828504563925378 USDC)7,375.15 USDC (shortened; full value 7375.1591336983099856737901654725 USDC)free to reach

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder