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keel
Ledger
65,277,314
Methodology
1.0.8-draft
Age
2s

AQUA against USDC — what depth stands behind this price?

All assets

AQUA / USDC

GBNZ…AQUA

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
5,219.84 USDC (shortened; full value 5219.846319875154167974574905 USDC)Limited by manipulation cost
Depth within 5%
buy8,983.98 USDC (shortened; full value 8983.9868670936389335245373157708 USDC)sell7,434.50 USDC (shortened; full value 7434.503191347144530805996114387285288495666803669305 USDC)
Cost to move +50%
20,879.38 USDC (shortened; full value 20879.38527950061667189829962 USDC)Reachable through the order book
Checks
3 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.

Lower at the end of the window than at its start

Lowest
54.26 USDC (shortened; full value 54.2654543792108541885070569205 USDC)
Highest
35,142.45 USDC (shortened; full value 35142.4500951499979370508810330341 USDC)
2026-10-04T02:53:27Z — 2026-10-24T22:08:23ZOne scale across every line on this chart
2% from mid
2,869.84 USDC (shortened; full value 2869.846914214772755249610809187 USDC)
5% from mid
15,311.01 USDC (shortened; full value 15311.0117532748640246617498484443 USDC)
10% from mid
18,164.31 USDC (shortened; full value 18164.3145695786016030154217710235 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOW401 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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

5,219.84 USDC (shortened; full value 5219.846319875154167974574905 USDC)

Limited by manipulation cost

Liquidation term
7,714.05 USDC (shortened; full value 7714.05418640413507717994109888751677267469116309516 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation termbinds
5,219.84 USDC (shortened; full value 5219.846319875154167974574905 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.