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

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
3.35 USDC (shortened; full value 3.355332762646805665134739241703695580893261772323 USDC)
Highest
28.76 USDC (shortened; full value 28.768639228788005306361410357498771178268555304664 USDC)
2026-11-02T04:53:39Z — 2026-11-03T04:08:39Z
Max safe collateral
28.68 USDC (shortened; full value 28.680068296283135063631443028310349165732473534902 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_CONFLICT10 of 25
Nothing tradable within 2%ZERO_DEPTH_2PCT15 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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
11.19 USDC (shortened; full value 11.195530471525006932986818951 USDC)
Sell side
11.24 USDC (shortened; full value 11.2403102799384883731402136724861352394410571255 USDC)

5% from mid

Buy side
27.78 USDC (shortened; full value 27.7850011343837807684643025448 USDC)
Sell side
28.31 USDC (shortened; full value 28.318077050361855824834637007942680273391464888553 USDC)

10% from mid

Buy side
54.91 USDC (shortened; full value 54.9159625606302360208198508175 USDC)
Sell side
57.39 USDC (shortened; full value 57.391700776967878096047668142055963256483058575052 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.