Skip to content
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

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Lower at the end of the window than at its start

Lowest
2,150 USDC
Highest
2,475 USDC
2026-10-27T04:53:38Z — 2026-11-03T04:08:39Z
Mid price
2,234.26515281 USDC (shortened; full value 2234.2651528180641484 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.

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

Price used
2,236.72088119 USDC (shortened; full value 2236.7208811950364735 USDC)

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

AMM pool spot price
2,236.72088119 USDC (shortened; full value 2236.7208811950364735 USDC)

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

Book against pool
10.6530 % (shortened; full value 10.65305558723338008497204615 %)

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

Spread
42.4728 % (shortened; full value 42.47289002338250952756502782 %)

Best ask minus best bid, over the mid