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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

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Higher at the end of the window than at its start

Lowest
110.46 USDC (shortened; full value 110.4647220964216693393460086242736569459665143491005 USDC)
Highest
3,470.15 USDC (shortened; full value 3470.150920129603918236191255 USDC)
2026-10-04T04:54:12Z — 2026-10-25T00:24:08Z
Max safe collateral
1,085.15 USDC (shortened; full value 1085.157267851222918599118635 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.

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%0.006849 USDC (shortened; full value 0.006849163199126475 USDC)7,387.63 USDC (shortened; full value 7387.6351617319383506899464567223 USDC)2,937.61 USDC (shortened; full value 2937.61813720329890395941496 USDC)
+100%0.009132 USDC (shortened; full value 0.0091322175988353 USDC)15,311.71 USDC (shortened; full value 15311.7187366138547047561856129472 USDC)7,474.14 USDC (shortened; full value 7474.14769730766875841770036 USDC)
+1,000%0.050227 USDC (shortened; full value 0.05022719679359415 USDC)241,557.49 USDC (shortened; full value 241557.4951630359376951278269342968 USDC)unreachablebook ends at 199,706.27 USDC (shortened; full value 199706.27912663423004551300803 USDC)
+10,000%0.461176 USDC (shortened; full value 0.46117698874118265 USDC)361,942.82 USDC (shortened; full value 361942.8251408014657817297592111263 USDC)unreachablebook ends at 199,706.27 USDC (shortened; full value 199706.27912663423004551300803 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