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keel
Ledger
65,278,755
Methodology
1.0.8-draft
Age
7s

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
28.69 USDC (shortened; full value 28.695850388483939048023834071027981628241529287526 USDC)Limited by liquidation depth
Depth within 5%
buy27.78 USDC (shortened; full value 27.7850011343837807684643025448 USDC)sell28.31 USDC (shortened; full value 28.318077050361855824834637007942680273391464888553 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

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Higher at the end of the window than at its start

Lowest
2.85 USDC (shortened; full value 2.854800177740645761167159874177591922472361822049 USDC)
Highest
53.64 USDC (shortened; full value 53.641937026803179096229649463329316616952562765815 USDC)
2026-10-27T04:53:38Z — 2026-11-03T04:08:39Z
Max safe collateral
28.68 USDC (shortened; full value 28.680068296283135063631443028310349165732473534902 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_CONFLICT73 of 169
Nothing tradable within 2%ZERO_DEPTH_2PCT96 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%3,355.081321 USDC (shortened; full value 3355.08132179255471025 USDC)5,464.91 USDC (shortened; full value 5464.9132419092059848479163348569 USDC)5,212.04 USDC (shortened; full value 5212.0475955 USDC)
+100%4,473.441762 USDC (shortened; full value 4473.441762390072947 USDC)21,263.75 USDC (shortened; full value 21263.7596828592600579024073026179 USDC)20,797.71 USDC (shortened; full value 20797.7184355 USDC)
+1,000%24,603.929693 USDC (shortened; full value 24603.9296931454012085 USDC)30,757.09 USDC (shortened; full value 30757.0968411615175799757253769744 USDC)28,150.60 USDC (shortened; full value 28150.6087755 USDC)
+10,000%225,908.809000 USDC (shortened; full value 225908.8090006986838235 USDC)38,575.84 USDC (shortened; full value 38575.8478889499615355889370183653 USDC)28,393.62 USDC (shortened; full value 28393.6237755 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