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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
11.19 USDC (shortened; full value 11.1945109980205075499258560168 USDC)
Highest
111.74 USDC (shortened; full value 111.7464157152925384222399726281 USDC)
2026-11-02T03:53:39Z — 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)
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_CONFLICT9 of 25
Nothing tradable within 2%ZERO_DEPTH_2PCT16 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
11.20 USDC (shortened; full value 11.2043145958201267386274118944 USDC)
Sell side
11.24 USDC (shortened; full value 11.2491295389156150861287142500487526176402108215 USDC)

5% from mid

Buy side
27.80 USDC (shortened; full value 27.8068015219692764101149764612 USDC)
Sell side
28.34 USDC (shortened; full value 28.340295694600450317726778802887702510855941564329 USDC)

10% from mid

Buy side
54.95 USDC (shortened; full value 54.9590501697565423695865456453 USDC)
Sell side
57.43 USDC (shortened; full value 57.436730874864127093743401173211367884026529087436 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.