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keel
Ledger
65,279,656
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 20.5037488151692870875630047032 USDC)sell20.89 USDC (shortened; full value 20.897128488892058990287399631701435967930637781408 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
8.22 USDC (shortened; full value 8.2205558622536389056704006555 USDC)
Highest
90.70 USDC (shortened; full value 90.7045513452667926128103570233 USDC)
2026-10-04T23:53:42Z — 2026-10-25T01:23:38ZOne scale across every line on this chart
2% from mid
48.83 USDC (shortened; full value 48.8338393064669911964509609782 USDC)
5% from mid
62.80 USDC (shortened; full value 62.8038801109374480934466759155 USDC)
10% from mid
83.85 USDC (shortened; full value 83.8519646289116675460264219603 USDC)
22 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Price sources disagreenowPRICE_SOURCE_CONFLICT9 of 22
Extreme spreadnowSPREAD_EXTREME7 of 22
Nothing tradable within 2%ZERO_DEPTH_2PCT12 of 22

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 0.00015359849550405 USDC)187.70 USDC (shortened; full value 187.7004493893557834335580825608 USDC)1.10 USDC (shortened; full value 1.1000000000000218949632 USDC)
+100%0.000204 USDC (shortened; full value 0.0002047979940054 USDC)345.01 USDC (shortened; full value 345.012110901124978302584109321 USDC)1.10 USDC (shortened; full value 1.10020580001438276326965 USDC)
+1,000%0.001126 USDC (shortened; full value 0.0011263889670297 USDC)1,927.73 USDC (shortened; full value 1927.7370314772589337023204329676 USDC)4.29 USDC (shortened; full value 4.29724720008299430659278 USDC)
+10,000%0.010342 USDC (shortened; full value 0.0103422986972727 USDC)7,911.68 USDC (shortened; full value 7911.6861648923922169824607030196 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