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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
0 USDC
Highest
213.45 USDC (shortened; full value 213.4588426919038056953696648537 USDC)
2026-10-03T22:53:22Z — 2026-10-24T18:08:23ZOne scale across every line on this chart
2% from mid
10.74 USDC (shortened; full value 10.7402091076371360233474353906 USDC)
5% from mid
26.65 USDC (shortened; full value 26.6549872735568373459276932435 USDC)
10% from mid
52.68 USDC (shortened; full value 52.6825345836426103788874381993 USDC)
501 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_EXTREME407 of 501
Price sources disagreenowPRICE_SOURCE_CONFLICT166 of 501
Nothing tradable within 2%ZERO_DEPTH_2PCT216 of 501

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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
24.57 USDC (shortened; full value 24.5783041319068841032824014478 USDC)
Sell side
24.67 USDC (shortened; full value 24.676616769511832173437508707681641507786692943 USDC)

5% from mid

Buy side
60.99 USDC (shortened; full value 60.9982894444518024286414155189 USDC)
Sell side
62.16 USDC (shortened; full value 62.168591503967020044420326431591041775726081836458 USDC)

10% from mid

Buy side
120.56 USDC (shortened; full value 120.5607213471972217781245408772 USDC)
Sell side
125.99 USDC (shortened; full value 125.995881151976861935684766961269162657769818790072 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.