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keel
Ledger
65,277,494
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
5,217.37 USDC (shortened; full value 5217.3794598748270189374899925 USDC)Limited by manipulation cost
Depth within 5%
buy8,984.97 USDC (shortened; full value 8984.9774945317682769177222012128 USDC)sell7,434.13 USDC (shortened; full value 7434.130935395723593905679623956529106865032868899527 USDC)
Cost to move +50%
20,869.51 USDC (shortened; full value 20869.51783949930807574995997 USDC)Reachable through the order book
Checks
3 triggered3 not evaluated

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Lower at the end of the window than at its start

Lowest
4,881.57 USDC (shortened; full value 4881.57631040016440916967054 USDC)
Highest
5,949.06 USDC (shortened; full value 5949.06628190037049153146166 USDC)
2026-10-27T23:53:23Z — 2026-11-03T02:23:29Z
Max safe collateral
5,219.84 USDC (shortened; full value 5219.846319875154167974574905 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 tradingnowMANIPULATION_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.

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%0.000410 USDC (shortened; full value 0.000410557042261125 USDC)24,521.97 USDC (shortened; full value 24521.9783545482429493718508277165 USDC)20,869.51 USDC (shortened; full value 20869.51783949930807574995997 USDC)
+100%0.000547 USDC (shortened; full value 0.0005474093896815 USDC)27,574.07 USDC (shortened; full value 27574.0709675991697220002822428589 USDC)20,869.51 USDC (shortened; full value 20869.51783949930807574995997 USDC)
+1,000%0.003010 USDC (shortened; full value 0.00301075164324825 USDC)237,462.55 USDC (shortened; full value 237462.5561958001878622301163891431 USDC)200,112.64 USDC (shortened; full value 200112.64828200282941789059892 USDC)
+10,000%0.027644 USDC (shortened; full value 0.02764417417891575 USDC)766,070.48 USDC (shortened; full value 766070.485548374963399521940105314 USDC)620,256.72 USDC (shortened; full value 620256.72001282256892789059892 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