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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

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.

Both price sources, not only the one that won, and the pair that set the band.

Price used
2,240.27917404 USDC (shortened; full value 2240.2791740427813655 USDC)

AMM pool spot price, because the book and the pool disagree or the book is one-sided

AMM pool spot price
2,240.27917404 USDC (shortened; full value 2240.2791740427813655 USDC)

The pool with the largest quote reserve, reported whichever source set the price

Book against pool
10.4773 % (shortened; full value 10.47730250215397045073869283 %)

Past the methodology threshold, the pool price is used and PRICE_SOURCE_CONFLICT fires

Spread
42.4054 % (shortened; full value 42.40542924325101896088959927 %)

Best ask minus best bid, over the mid