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keel
Ledger
65,275,874
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%
buy5.68 USDC (shortened; full value 5.6820323201124381329387276079 USDC)sell5.79 USDC (shortened; full value 5.791046337027940464305450061391774971989264635197 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
2.38 USDC (shortened; full value 2.38682870913477712122026263 USDC)
Highest
12.73 USDC (shortened; full value 12.7339435555382558457434417214 USDC)
2026-10-04T23:53:27Z — 2026-10-24T20:08:28ZOne scale across every line on this chart
2% from mid
2.38 USDC (shortened; full value 2.38682870913477712122026263 USDC)
5% from mid
5.92 USDC (shortened; full value 5.9236173363615524974596737976 USDC)
10% from mid
11.70 USDC (shortened; full value 11.7077968179232104303822499999 USDC)
21 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 0.00000359842010565 USDC)51.71 USDC (shortened; full value 51.7110209423461813436742698467 USDC)free to reach
+100%0.000004 USDC (shortened; full value 0.0000047978934742 USDC)95.30 USDC (shortened; full value 95.3054281766384439531983257506 USDC)free to reach
+1,000%0.000026 USDC (shortened; full value 0.0000263884141081 USDC)533.02 USDC (shortened; full value 533.026770790684549971493210644 USDC)free to reach
+10,000%0.000242 USDC (shortened; full value 0.0002422936204471 USDC)2,082.26 USDC (shortened; full value 2082.2646802650213372964114951339 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