What depth stands behind this price?
GOLD against USDC · GBCB4W…ACLXAU
How much can this asset safely back?
- Low
- Medium
- High
- Critical — this asset
Criticalpartial confidence
A band marked partial is a floor. At least one high-severity check could not be evaluated, so the real band can only be worse than the one shown, never better.
9.53 USDC (shortened; full value 9.53156904438991561586178688277010434907780580513 USDC)
Limited by liquidation depth
- Liquidation termbinds
- 9.53 USDC (shortened; full value 9.53156904438991561586178688277010434907780580513 USDC)
Sell-side depth at the liquidation delta, times the haircut.
- Manipulation term
- not applicable
Not applied: the critical target is not reachable through the order book.
These bands come from thresholds that were chosen, not calibrated
The thresholds were chosen based on the magnitude of the Blend incident of February 2026 and on conservative judgement, not calibrated against a set of incidents. Every flag is reported separately so that consumers can apply their own thresholds.
Where this number comes from
- Source
- GET /asset/{assetId}/depth → maxSafeCollateral, maxSafeCollateralLiquidation, maxSafeCollateralManipulation
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
What this computation could not do
- maxReachablePrice and costToMaxReachablePrice are null because an active pool is present: under a constant product curve the price tends to infinity as the base reserve tends to zero, so every target is reachable and a highest price has no meaning
- manipulation to delta 0.5 is unreachable through the order book; the manipulation term was not applied
Served by the engine with this response and shown as written.
Where does the price come from?
- Mid price
- 0.00001425 USDC (shortened; full value 0.0000142583001367 USDC)
Source: order book mid
- Spread
- 7.7022 % (shortened; full value 7.70220654686101183479795503 %)
Undefined unless the price came from a two-sided book
- Pool spot price
- 0.00001376 USDC (shortened; full value 0.0000137627181947 USDC)
Reported whenever an active pool exists, whichever source won
- Divergence between the two
- 3.6009 % (shortened; full value 3.60090161688297727185024972 %)
Null means there is no pool to diverge from, not that the sources agree
Where this number comes from
- Source
- GET /asset/{assetId}/depth → midPrice, priceSource, spreadPct, poolSpotPrice, priceDivergencePct
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
What volume can it absorb before the price moves?
- SDEX
- AMM
- Sell side, composition not reported
2% from mid
5% from mid
10% from mid
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.
Where this number comes from
- Source
- GET /asset/{assetId}/depth → depth[]
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
What would it cost to move the price?
| Move | Target price | Cost, all venues | Cost, order book only |
|---|---|---|---|
| 0.5% | 0.000021 USDC (shortened; full value 0.00002138745020505 USDC) | 137.22 USDC (shortened; full value 137.2272019438064596119388742927 USDC) | unreachablebook ends at 0.0029 USDC (shortened; full value 0.0029866000019548603 USDC) |
| 1% | 0.000028 USDC (shortened; full value 0.0000285166002734 USDC) | 244.54 USDC (shortened; full value 244.540988338060576391525205288 USDC) | unreachablebook ends at 0.0029 USDC (shortened; full value 0.0029866000019548603 USDC) |
| 10% | 0.000156 USDC (shortened; full value 0.0001568413015037 USDC) | 1,322.05 USDC (shortened; full value 1322.0538538998501536625835917472 USDC) | unreachablebook ends at 0.0029 USDC (shortened; full value 0.0029866000019548603 USDC) |
| 100% | 0.001440 USDC (shortened; full value 0.0014400883138067 USDC) | 5,135.72 USDC (shortened; full value 5135.7216300826279592025506193637 USDC) | unreachablebook ends at 0.0029 USDC (shortened; full value 0.0029866000019548603 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.
How far the book actually goes
- Furthest price the book reaches
- not computed
Null by structure, not by failure: an active pool means every target is reachable and a highest price has no meaning
- Cost to walk it that far
- not computed
Null for the same reason as the price above
Against genuine volume
Not reported for this asset. Without it there is no comparison between the cost of an attack and the genuine trading it would have to hide inside.
Where this number comes from
- Source
- GET /asset/{assetId}/depth → manipulationCostCombined[], manipulationCostOrderbookOnly[], oracleResistance
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
Which checks fired, and which could not run?
Triggered(3)
- ZERO_DEPTH_2PCT
- THIN_DEPTH_5PCT
- HOLDER_CONCENTRATION_HIGH
Could not be evaluated(3)
- NO_GENUINE_TRADE_30D
- NO_GENUINE_TRADE_7D
- WASH_TRADE_SUSPECTED
Where this number comes from
- Source
- GET /asset/{assetId}/depth → flags[], unevaluatedFlags[], bandConfidence
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
Who holds it, and is it genuinely traded?
- Largest holder
- 34.8634 % (shortened; full value 34.86349822219366615497990362 %)
- Top ten holders
- 84.9711 % (shortened; full value 84.97111389772639668979403885 %)
- Concentration index
- 1,795.09 (shortened; full value 1795.0976595804714003402873861760325067760477881531001478)
Herfindahl–Hirschman, over the holder distribution
- Volume excluded as not genuine
- not computed
Of 30 day volume. A high share indicates suspected wash trading
- Volume to supply, 30 day
- not computed
- Last genuine trade
- not computed
No genuine trade was found in the window
Where this number comes from
- Source
- GET /asset/{assetId}/depth → holderTop1Pct, holderTop10Pct, holderHhi, volumeToSupply, lastGenuineTrade, tradesExcludedPct
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
How has this moved over time?
No readings were stored in this range from this source
The engine accepted the request and returned nothing for Offers implied. The series is as old as the deployment, and the reconstruction sources are not populated in production, so a window can reach back further than anything that was recorded. It is not empty because the figures were zero.
Where this number comes from
- Source
- GET /asset/{assetId}/history → points[], gaps[], dataSource
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
What was this computed from?
- Ledger
- 64,489,412
Closed at 2026-09-18T12:00:38Z
- Computed at
- 2026-09-18T12:00:46.131553Z
- Data source
- horizon
- Methodology
- 1.0.8-draft
The version that produced these figures, not the one this page was built against