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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

Collateral ceiling

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

Lower at the end of the window than at its start

Lowest
6.00 USDC (shortened; full value 6.00905835974735668658696789836776104419160406309 USDC)
Highest
8.82 USDC (shortened; full value 8.820800601986335156613199895168472837784371835775 USDC)
2026-10-27T02:54:23Z — 2026-11-03T01:54:24Z
Max safe collateral
7.20 USDC (shortened; full value 7.2082459844643788414452054099954860321513077516605 USDC)
168 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
Nothing tradable within 2%ZERO_DEPTH_2PCT6 of 168
Price sources disagreePRICE_SOURCE_CONFLICT3 of 168
Extreme spreadSPREAD_EXTREME3 of 168

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%1.434690 USDC (shortened; full value 1.43469082640571315 USDC)471,158.83 USDC (shortened; full value 471158.8372562686294046521957427483 USDC)471,085.41 USDC (shortened; full value 471085.41365044629694821810576 USDC)
+100%1.912921 USDC (shortened; full value 1.9129211018742842 USDC)471,219.18 USDC (shortened; full value 471219.1839041901667129276352125587 USDC)471,085.41 USDC (shortened; full value 471085.41365044629694821810576 USDC)
+1,000%10.521066 USDC (shortened; full value 10.5210660603085631 USDC)471,825.11 USDC (shortened; full value 471825.1106142038734158130255960115 USDC)471,085.41 USDC (shortened; full value 471085.41365044629694821810576 USDC)
+10,000%96.602515 USDC (shortened; full value 96.6025156446513521 USDC)473,969.68 USDC (shortened; full value 473969.681915914430644721804744007 USDC)471,085.41 USDC (shortened; full value 471085.41365044629694821810576 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