Keel — Stellar liquidity risk

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

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: 11.18 USDC (shortened; full value 11.1893731738061205123350078632 USDC)
Highest: 111.74 USDC (shortened; full value 111.7464157152925384222399726281 USDC)

2026-11-02T04:53:39Z — 2026-11-03T04:08:39ZOne scale across every line on this chart

2% from mid: 11.18 USDC (shortened; full value 11.1893731738061205123350078632 USDC)
5% from mid: 27.76 USDC (shortened; full value 27.769719989418017121941778844 USDC)
10% from mid: 54.88 USDC (shortened; full value 54.8857599782814103930204957943 USDC)

25 readings from horizon, with no gaps reported. One source per chart.

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

Cheap to move the pricenowMANIPULATION_CHEAP

throughout

Extreme spreadnowSPREAD_EXTREME

throughout

One holder owns most of itnowHOLDER_CONCENTRATION_EXTREME

throughout

Thin depth at 5%nowTHIN_DEPTH_5PCT

throughout

Supply is concentratednowHOLDER_CONCENTRATION_HIGH

throughout

Price sources disagreenowPRICE_SOURCE_CONFLICT

10 of 25

Nothing tradable within 2%ZERO_DEPTH_2PCT

15 of 25

The figures behind the verdict, as the engine served them.

An averaging oracle makes an attacker outweigh genuine trading as well as move the book. A market with no genuine volume has no such defence.

Cost of a 50% move, order book only: 5,212.04 USDC (shortened; full value 5212.0475955 USDC)
The target is reachable through the order book
Genuine volume in the oracle window: 0 USDC
Over the last 900 seconds (15 minutes), after the genuine-trade filter
Cost against genuine volume: not computed
Below 1, moving the price is cheaper than all genuine trading across the window. Not computed when there was no genuine volume or the target is unreachable
Total attack cost: 5,212.04 USDC (shortened; full value 5212.0475955 USDC)
The move, plus the genuine volume an averaging oracle forces an attacker to outweigh