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keel
Ledger
65,275,694
Methodology
1.0.8-draft
Age
7s

AFR against USDC — what depth stands behind this price?

All assets

AFR / USDC

GBX6…N54W

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%
buy60.92 USDC (shortened; full value 60.9277282169557972327299499755 USDC)sell62.09 USDC (shortened; full value 62.096676506831127283893753597761065540305008669233 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
0 USDC
Highest
213.16 USDC (shortened; full value 213.1672643607540123373247656955 USDC)
2026-10-04T23:53:22Z — 2026-10-24T19:53:23ZOne scale across every line on this chart
2% from mid
10.77 USDC (shortened; full value 10.7739150561524587813091324473 USDC)
5% from mid
26.73 USDC (shortened; full value 26.7386384967048330697883124251 USDC)
10% from mid
52.84 USDC (shortened; full value 52.8478679380062880076217359794 USDC)
21 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
Extreme spreadnowSPREAD_EXTREME19 of 21
Price sources disagreenowPRICE_SOURCE_CONFLICT8 of 21
Nothing tradable within 2%ZERO_DEPTH_2PCT8 of 21

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.

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%0.000788 USDC (shortened; full value 0.00078856792636815 USDC)554.49 USDC (shortened; full value 554.4908674039769761726191356986 USDC)free to reach
+100%0.001051 USDC (shortened; full value 0.0010514239018242 USDC)3,366.32 USDC (shortened; full value 3366.3297421620917919083668718873 USDC)2,344.38 USDC (shortened; full value 2344.38145000033192 USDC)
+1,000%0.005782 USDC (shortened; full value 0.0057828314600331 USDC)26,024.27 USDC (shortened; full value 26024.2751435479256476423427981795 USDC)20,308.69 USDC (shortened; full value 20308.6951550036556187150426 USDC)
+10,000%0.053096 USDC (shortened; full value 0.0530969070421221 USDC)118,449.59 USDC (shortened; full value 118449.590353235039081013440716881 USDC)96,121.72 USDC (shortened; full value 96121.7243068055322987150426 USDC)

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