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keel
Ledger
65,274,434
Methodology
1.0.8-draft
Age
6s

BEER against USDC — what depth stands behind this price?

All assets

BEER / USDC

GBL2…SHNN

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%
buy5.77 USDC (shortened; full value 5.7790242571018044901441675967 USDC)sell5.88 USDC (shortened; full value 5.889899136480584201888544787529376367237090189365 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
3 triggered5 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
2.32 USDC (shortened; full value 2.3268189655060598151454533035 USDC)
Highest
11.76 USDC (shortened; full value 11.7611642656453081835631656787 USDC)
2026-10-26T22:53:28Z — 2026-11-02T22:08:29ZOne scale across every line on this chart
2% from mid
2.32 USDC (shortened; full value 2.3285671954139485050306553946 USDC)
5% from mid
5.77 USDC (shortened; full value 5.7790242571018044901441675967 USDC)
10% from mid
11.42 USDC (shortened; full value 11.4220142804761171590183916584 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

Not evaluated5

  • Price sources disagree
  • Extreme spread
  • 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%0.000003 USDC (shortened; full value 0.0000037227528591 USDC)52.59 USDC (shortened; full value 52.593724841643360165328455615 USDC)free to reach
+100%0.000004 USDC (shortened; full value 0.0000049636704788 USDC)96.93 USDC (shortened; full value 96.9322858859360524723774768689 USDC)free to reach
+1,000%0.000027 USDC (shortened; full value 0.0000273001876334 USDC)542.12 USDC (shortened; full value 542.1255044925640308590001056473 USDC)free to reach
+10,000%0.000250 USDC (shortened; full value 0.0002506653591794 USDC)2,117.80 USDC (shortened; full value 2117.8088083666107908805763711318 USDC)free to reach

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