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keel
Ledger
65,278,214
Methodology
1.0.8-draft
Age
5s

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%
buy5.67 USDC (shortened; full value 5.6726622649703884639652294615 USDC)sell5.78 USDC (shortened; full value 5.781496510407622544467007744553592799754587388475 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
3 triggered5 not evaluated

Every stored reading from this source, whenever it was taken

A reconstruction is written where a replay ran rather than on the scan's cadence, so there is no window to choose: the engine returns the readings it holds and the axis below is labelled from them.

No readings were stored in this range from this source

The engine holds no stored reading for Trades implied on this asset. A reconstruction exists only where keel replay has been run, and it has been run on one pair.

Checks

What fires now, how long it has been firing across the window above, and what could not run.

Triggered3

  • Cheap to move the price
  • Cheap next to real trading
  • Thin depth at 5%

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 0.0000035865438099 USDC)51.62 USDC (shortened; full value 51.625745975506168579136843895 USDC)free to reach
+100%0.000004 USDC (shortened; full value 0.0000047820584132 USDC)95.14 USDC (shortened; full value 95.1482630872758257008590291904 USDC)free to reach
+1,000%0.000026 USDC (shortened; full value 0.0000263013212726 USDC)532.14 USDC (shortened; full value 532.1477736373563986689441471416 USDC)free to reach
+10,000%0.000241 USDC (shortened; full value 0.0002414939498666 USDC)2,078.83 USDC (shortened; full value 2078.8308851411598131259764579036 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