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keel
Ledger
65,274,436
Methodology
1.0.8-draft
Age
5s

EURC against USDC — what depth stands behind this price?

All assets

EURC / USDC

GAQR…Z7NM

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
7.36 USDC (shortened; full value 7.36803964553213688139591950147343976670166778042 USDC)Limited by liquidation depth
Depth within 5%
buy0.73 USDC (shortened; full value 0.7398576842159537322180839376 USDC)sell9.40 USDC (shortened; full value 9.40343719848730841295163203428755390892277016989 USDC)
Cost to move +50%
169.40 USDC (shortened; full value 169.40017914441036985464146 USDC)Reachable through the order book
Checks
4 triggered3 not evaluated

History

Window
Resolution
Source

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
55.06 USDC (shortened; full value 55.0659234079356849847404798351 USDC)
2026-10-26T22:53:38Z — 2026-11-02T22:08:39ZOne scale across every line on this chart
2% from mid
0 USDC
5% from mid
0.73 USDC (shortened; full value 0.7398576842159537322180839376 USDC)
10% from mid
5.65 USDC (shortened; full value 5.6575186026898669109984455939 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Nothing tradable within 2%nowZERO_DEPTH_2PCT114 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.

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.

Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
+50%0.851839 USDC (shortened; full value 0.851839087454546175 USDC)210.93 USDC (shortened; full value 210.9373134959237298315952230492 USDC)169.40 USDC (shortened; full value 169.40017914441036985464146 USDC)
+100%1.135785 USDC (shortened; full value 1.1357854499393949 USDC)338.59 USDC (shortened; full value 338.594989375376991028258267403 USDC)258.41 USDC (shortened; full value 258.41844220337089065464146 USDC)
+1,000%6.246819 USDC (shortened; full value 6.24681997466667195 USDC)726.56 USDC (shortened; full value 726.5643811073540264497111471749 USDC)258.41 USDC (shortened; full value 258.41844220337089065464146 USDC)
+10,000%57.357165 USDC (shortened; full value 57.35716522193944245 USDC)2,099.71 USDC (shortened; full value 2099.7139876524718945369289285988 USDC)258.41 USDC (shortened; full value 258.41844220337089065464146 USDC)

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

Highest price the book can reach
not computed

Absorbing every ask. Not computed when an active pool exists, because a constant product curve has no highest price

Cost to reach it
not computed

Every ask below that price. Catches an attack that lands between two rungs of the ladder