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keel
Ledger
65,274,433
Methodology
1.0.8-draft
Age
4s

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%
buy60.99 USDC (shortened; full value 60.9982894444518024286414155189 USDC)sell62.16 USDC (shortened; full value 62.168591503967020044420326431591041775726081836458 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
10.94 USDC (shortened; full value 10.9428015680111898114878992031 USDC)
Highest
257.49 USDC (shortened; full value 257.4926969762610892426838264313 USDC)
2026-10-26T22:53:23Z — 2026-11-02T22:08:24ZOne scale across every line on this chart
2% from mid
24.57 USDC (shortened; full value 24.5778851183081153670983461105 USDC)
5% from mid
60.99 USDC (shortened; full value 60.9972495389871419673854515793 USDC)
10% from mid
120.55 USDC (shortened; full value 120.55866601492324830021770468 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Extreme spreadnowSPREAD_EXTREME168 of 169
Price sources disagreenowPRICE_SOURCE_CONFLICT162 of 169
Nothing tradable within 2%ZERO_DEPTH_2PCT6 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.

Both price sources, not only the one that won, and the pair that set the band.

Price used
0.00052693 USDC (shortened; full value 0.0005269323736322 USDC)

AMM pool spot price, because the book and the pool disagree or the book is one-sided

AMM pool spot price
0.00052693 USDC (shortened; full value 0.0005269323736322 USDC)

The pool with the largest quote reserve, reported whichever source set the price

Book against pool
29.6865 % (shortened; full value 29.68652370737369691309201231 %)

Past the methodology threshold, the pool price is used and PRICE_SOURCE_CONFLICT fires

Spread
52.6214 % (shortened; full value 52.62144794482520930495477961 %)

Best ask minus best bid, over the mid