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keel
Ledger
65,277,135
Methodology
1.0.8-draft
Age
8s

ETH against USDC — what depth stands behind this price?

All assets

ETH / USDC

GBFX…SOCC

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
28.71 USDC (shortened; full value 28.718452017598870942840260165940354571272796312928 USDC)Limited by liquidation depth
Depth within 5%
buy27.80 USDC (shortened; full value 27.8068853539519634974497820384 USDC)sell28.34 USDC (shortened; full value 28.340381134962087725674012150323039009193807373584 USDC)
Cost to move +50%
5,212.04 USDC (shortened; full value 5212.0475955 USDC)Reachable through the order book
Checks
6 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
0 USDC
Highest
112.75 USDC (shortened; full value 112.7501920340191740455802880158 USDC)
2026-10-27T02:53:38Z — 2026-11-03T01:53:39ZOne scale across every line on this chart
2% from mid
11.20 USDC (shortened; full value 11.2043483746028635944782803377 USDC)
5% from mid
27.80 USDC (shortened; full value 27.8068853539519634974497820384 USDC)
10% from mid
54.95 USDC (shortened; full value 54.9592158603750297095171299727 USDC)
168 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
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Extreme spreadnowSPREAD_EXTREME166 of 168
Price sources disagreenowPRICE_SOURCE_CONFLICT70 of 168
Nothing tradable within 2%ZERO_DEPTH_2PCT98 of 168

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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
11.20 USDC (shortened; full value 11.2043483746028635944782803377 USDC)
Sell side
11.24 USDC (shortened; full value 11.249163452806502756648250334770314095655971864 USDC)

5% from mid

Buy side
27.80 USDC (shortened; full value 27.8068853539519634974497820384 USDC)
Sell side
28.34 USDC (shortened; full value 28.340381134962087725674012150323039009193807373584 USDC)

10% from mid

Buy side
54.95 USDC (shortened; full value 54.9592158603750297095171299727 USDC)
Sell side
57.43 USDC (shortened; full value 57.436904035197741885680520331880709142545592625856 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.