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keel
Ledger
65,278,036
Methodology
1.0.8-draft
Age
6s

FRED against USDC — what depth stands behind this price?

All assets

FRED / USDC

GCA7…ZLV6

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0.27 USDC (shortened; full value 0.2750000000000054737408 USDC)Limited by manipulation cost
Depth within 5%
buy20.50 USDC (shortened; full value 20.5053217776092798782959619557 USDC)sell20.89 USDC (shortened; full value 20.898731629786587117190484478957408664458140133505 USDC)
Cost to move +50%
1.10 USDC (shortened; full value 1.1000000000000218949632 USDC)Reachable through the order book
Checks
5 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
42.60 USDC (shortened; full value 42.600947015285276499339933601 USDC)
2026-10-27T03:53:43Z — 2026-11-03T03:08:39ZOne scale across every line on this chart
2% from mid
8.26 USDC (shortened; full value 8.2622978375754311924518794921 USDC)
5% from mid
20.50 USDC (shortened; full value 20.5053217776092798782959619557 USDC)
10% from mid
40.52 USDC (shortened; full value 40.5279624638691295987599221859 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
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Price sources disagreenowPRICE_SOURCE_CONFLICT163 of 169
Nothing tradable within 2%ZERO_DEPTH_2PCT6 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%0.000153 USDC (shortened; full value 0.00015362211583935 USDC)187.71 USDC (shortened; full value 187.7147646007262075944915578803 USDC)1.10 USDC (shortened; full value 1.1000000000000218949632 USDC)
+100%0.000204 USDC (shortened; full value 0.0002048294877858 USDC)345.03 USDC (shortened; full value 345.0384943939324103385997733944 USDC)1.10 USDC (shortened; full value 1.10020580001438276326965 USDC)
+1,000%0.001126 USDC (shortened; full value 0.0011265621828219 USDC)1,927.88 USDC (shortened; full value 1927.8845897878649180740738426195 USDC)4.29 USDC (shortened; full value 4.29724720008299430659278 USDC)
+10,000%0.010343 USDC (shortened; full value 0.0103438891331829 USDC)7,912.26 USDC (shortened; full value 7912.2626002147656847377135468158 USDC)397.78 USDC (shortened; full value 397.78452450046699430659278 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