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keel
Ledger
65,278,756
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 20.5045707525250841717063801956 USDC)sell20.89 USDC (shortened; full value 20.897966195727464837637913003825895186794400188852 USDC)
Cost to move +50%
1.10 USDC (shortened; full value 1.1000000000000218949632 USDC)Reachable through the order book
Checks
5 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
0 USDC
Highest
42.60 USDC (shortened; full value 42.600947015285276499339933601 USDC)
2026-10-27T04:53:38Z — 2026-11-03T04:08:39ZOne scale across every line on this chart
2% from mid
8.26 USDC (shortened; full value 8.2618427107701459725299655715 USDC)
5% from mid
20.50 USDC (shortened; full value 20.5041922466028392554763222883 USDC)
10% from mid
40.52 USDC (shortened; full value 40.5257299902348563451683980495 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.

Both price sources, not only the one that won, and the pair that set the band.

Price used
0.00010240 USDC (shortened; full value 0.0001024072193092 USDC)

AMM pool spot price, because the book and the pool disagree or the book is one-sided

AMM pool spot price
0.00010240 USDC (shortened; full value 0.0001024072193092 USDC)

The pool with the largest quote reserve, reported whichever source set the price

Book against pool
10.8189 % (shortened; full value 10.81897530421925465953143849 %)

Past the methodology threshold, the pool price is used and PRICE_SOURCE_CONFLICT fires

Spread
48.0977 % (shortened; full value 48.09779566036415442367791915 %)

Best ask minus best bid, over the mid