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keel
Ledger
65,277,145
Methodology
1.0.8-draft
Age
6s

USDM against USDC — what depth stands behind this price?

All assets

USDM / USDC

GDHD…USDM

Risk band

Medium

partial confidence

A floor: the real band can only be worse.

Max safe collateral
7.20 USDC (shortened; full value 7.2082459844643788414452054099954860321513077516605 USDC)Limited by liquidation depth
Depth within 5%
buy471,095.12 USDC (shortened; full value 471095.1204782048278203837354612986 USDC)sell6.18 USDC (shortened; full value 6.18620798233023392575584547959378112551551121589 USDC)
Cost to move +50%
471,085.41 USDC (shortened; full value 471085.41365044629694821810576 USDC)Reachable through the order book
Checks
1 triggered3 not evaluated

History

Window
Resolution
Source

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.

Higher at the end of the window than at its start

Lowest
1.67 USDC (shortened; full value 1.6754542048738572799384603161 USDC)
Highest
471,111.34 USDC (shortened; full value 471111.3495399156537436606138020082 USDC)
2026-10-27T23:54:23Z — 2026-11-03T01:54:24ZOne scale across every line on this chart
2% from mid
5.01 USDC (shortened; full value 5.0108919943998260550678508584 USDC)
5% from mid
471,095.12 USDC (shortened; full value 471095.1204782048278203837354612986 USDC)
10% from mid
471,102.80 USDC (shortened; full value 471102.8008251566635822144511850826 USDC)
8 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout

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.

7.20 USDC (shortened; full value 7.2082459844643788414452054099954860321513077516605 USDC)

Limited by liquidation depth

Liquidation termbinds
7.20 USDC (shortened; full value 7.2082459844643788414452054099954860321513077516605 USDC)

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

Manipulation term
117,771.35 USDC (shortened; full value 117771.35341261157423705452644 USDC)

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