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keel
Ledger
65,274,981
Methodology
1.0.8-draft
Age
6s

Ral against USDC — what depth stands behind this price?

All assets

Ral / USDC

GDIP…UTHV

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0 USDCLimited by manipulation cost
Depth within 5%
buy2.37 USDC (shortened; full value 2.3778121502400010796634023242 USDC)sell2.42 USDC (shortened; full value 2.423432245192755767678677202303206283938965277616 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
3 triggered5 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
0.95 USDC (shortened; full value 0.9584155117755660164455032292 USDC)
Highest
4.74 USDC (shortened; full value 4.7472207239621723283425861971 USDC)
2026-11-01T23:54:04Z — 2026-11-02T22:54:04ZOne scale across every line on this chart
2% from mid
0.95 USDC (shortened; full value 0.9584155117755660164455032292 USDC)
5% from mid
2.37 USDC (shortened; full value 2.3785899336905424386234348052 USDC)
10% from mid
4.70 USDC (shortened; full value 4.701189505585339528003672596 USDC)
24 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

Not evaluated5

  • Price sources disagree
  • Extreme spread
  • 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%0.000004 USDC (shortened; full value 0.0000041454507045 USDC)21.63 USDC (shortened; full value 21.6399849509466959274609136415 USDC)free to reach
+100%0.000005 USDC (shortened; full value 0.000005527267606 USDC)39.88 USDC (shortened; full value 39.8833361612684800771855543812 USDC)free to reach
+1,000%0.000030 USDC (shortened; full value 0.000030399971833 USDC)231.49 USDC (shortened; full value 231.499021846470713660472142376 USDC)8.43 USDC (shortened; full value 8.438423 USDC)
+10,000%0.000279 USDC (shortened; full value 0.000279127014103 USDC)1,946.94 USDC (shortened; full value 1946.9437392570656660336742304521 USDC)unreachablebook ends at 1,075.55 USDC (shortened; full value 1075.5593511000124 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