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keel
Ledger
65,275,874
Methodology
1.0.8-draft
Age
3s

AQUA against USDC — what depth stands behind this price?

All assets

AQUA / USDC

GBNZ…AQUA

Risk band

Medium

partial confidence

A floor: the real band can only be worse.

Max safe collateral
5,497.34 USDC (shortened; full value 5497.3466090502953275352118975 USDC)Limited by manipulation cost
Depth within 5%
buy9,297.60 USDC (shortened; full value 9297.6014982878377316839091998354 USDC)sell6,645.76 USDC (shortened; full value 6645.767058620362607951043182599534602822190510896265 USDC)
Cost to move +50%
21,989.38 USDC (shortened; full value 21989.38643620118131014084759 USDC)Reachable through the order book
Checks
2 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
161.05 USDC (shortened; full value 161.0542887829689123662292244576 USDC)
Highest
22,748.55 USDC (shortened; full value 22748.5509276337935694774732656128 USDC)
2026-10-27T23:53:23Z — 2026-11-03T00:08:34ZOne scale across every line on this chart
2% from mid
180.08 USDC (shortened; full value 180.0839112482324206455626394534 USDC)
5% from mid
10,476.32 USDC (shortened; full value 10476.3246353154393057520362725109 USDC)
10% from mid
20,117.41 USDC (shortened; full value 20117.4127932657114786039906026132 USDC)
8 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 tradingMANIPULATION_RATIO_LOW5 of 8

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.

5,497.34 USDC (shortened; full value 5497.3466090502953275352118975 USDC)

Limited by manipulation cost

Liquidation term
7,319.91 USDC (shortened; full value 7319.9122783466401889934708970640232764761587295106945 USDC)

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

Manipulation termbinds
5,497.34 USDC (shortened; full value 5497.3466090502953275352118975 USDC)

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