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keel
Ledger
65,279,655
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
28.70 USDC (shortened; full value 28.706467979490491445300892158834741902189077244814 USDC)Limited by liquidation depth
Depth within 5%
buy27.79 USDC (shortened; full value 27.7952817071553712242630292507 USDC)sell28.32 USDC (shortened; full value 28.328554863569769782096246234236759213716045983717 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
2,236.45923134 USDC (shortened; full value 2236.4592313401022556 USDC)
Highest
2,475 USDC
2026-11-02T05:53:39Z — 2026-11-03T05:23:34Z
Mid price
2,238.37372885 USDC (shortened; full value 2238.3737288549746225 USDC)
25 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
Extreme spreadnowSPREAD_EXTREMEthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Price sources disagreenowPRICE_SOURCE_CONFLICT11 of 25
Nothing tradable within 2%ZERO_DEPTH_2PCT14 of 25

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
2,238.37372885 USDC (shortened; full value 2238.3737288549746225 USDC)

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

AMM pool spot price
2,238.37372885 USDC (shortened; full value 2238.3737288549746225 USDC)

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

Book against pool
10.5713 % (shortened; full value 10.57134776443565535173463519 %)

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

Spread
42.4415 % (shortened; full value 42.44152742473287781177693068 %)

Best ask minus best bid, over the mid