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keel
Ledger
65,278,036
Methodology
1.0.8-draft
Age
3s

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 28.718365437432063546871700586605683942013264543718 USDC)Limited by liquidation depth
Depth within 5%
buy27.80 USDC (shortened; full value 27.8068015219692764101149764612 USDC)sell28.34 USDC (shortened; full value 28.340295694600450317726778802887702510855941564329 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

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
0 USDC
Highest
112.75 USDC (shortened; full value 112.7501920340191740455802880158 USDC)
2026-10-27T03:53:38Z — 2026-11-03T03:08:39ZOne scale across every line on this chart
2% from mid
11.20 USDC (shortened; full value 11.2043145958201267386274118944 USDC)
5% from mid
27.80 USDC (shortened; full value 27.8068015219692764101149764612 USDC)
10% from mid
54.95 USDC (shortened; full value 54.9590501697565423695865456453 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
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Extreme spreadnowSPREAD_EXTREME167 of 169
Price sources disagreenowPRICE_SOURCE_CONFLICT72 of 169
Nothing tradable within 2%ZERO_DEPTH_2PCT97 of 169

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%3,360.418761 USDC (shortened; full value 3360.41876106417204825 USDC)5,465.11 USDC (shortened; full value 5465.1116428044269611696565593808 USDC)5,212.04 USDC (shortened; full value 5212.0475955 USDC)
+100%4,480.558348 USDC (shortened; full value 4480.558348085562731 USDC)21,262.90 USDC (shortened; full value 21262.9002184462120203767503768649 USDC)20,796.49 USDC (shortened; full value 20796.4933105 USDC)
+1,000%24,643.070914 USDC (shortened; full value 24643.0709144705950205 USDC)30,757.91 USDC (shortened; full value 30757.9167925605994010719749876617 USDC)28,149.38 USDC (shortened; full value 28149.3836505 USDC)
+10,000%226,268.196578 USDC (shortened; full value 226268.1965783209179155 USDC)38,582.61 USDC (shortened; full value 38582.6118380220476560357226458401 USDC)28,392.39 USDC (shortened; full value 28392.3986505 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