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keel
Ledger
65,278,943
Methodology
1.0.8-draft
Age
2s

SHX against USDC — what depth stands behind this price?

All assets

SHX / USDC

GDST…J6JH

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
540.55 USDC (shortened; full value 540.5575493747664950720111123561640094920140156214655 USDC)Limited by liquidation depth
Depth within 5%
buy873.28 USDC (shortened; full value 873.2810371485069860852175887589 USDC)sell20.83 USDC (shortened; full value 20.834483821013292557023309704185744501934645524196 USDC)
Cost to move +50%
2,937.61 USDC (shortened; full value 2937.61813720329890395941496 USDC)Reachable through the order book
Checks
4 triggered3 not evaluated

History

Window
Resolution
Source

Cost to move the price 50%

The stored series carries one manipulation rung, the +50% move. A reading the engine could not produce breaks the line rather than sitting at zero.

Lower at the end of the window than at its start

Lowest
3,125.87 USDC (shortened; full value 3125.87142650318768776744778 USDC)
Highest
50,631.26 USDC (shortened; full value 50631.26293261827473587778873 USDC)
2026-10-04T04:54:12Z — 2026-10-25T00:24:08Z
Cost to move +50%
4,340.62 USDC (shortened; full value 4340.62907140489167439647454 USDC)
501 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 next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap to move the pricenowMANIPULATION_CHEAP323 of 501
Nothing tradable within 2%nowZERO_DEPTH_2PCT270 of 501
Extreme spreadSPREAD_EXTREME8 of 501
Price sources disagreePRICE_SOURCE_CONFLICT5 of 501

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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

540.55 USDC (shortened; full value 540.5575493747664950720111123561640094920140156214655 USDC)

Limited by liquidation depth

Liquidation termbinds
540.55 USDC (shortened; full value 540.5575493747664950720111123561640094920140156214655 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation term
734.40 USDC (shortened; full value 734.40453430082472598985374 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.