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keel
Ledger
65,278,045
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 7.203950909036090075311675869282465046001975494291 USDC)Limited by liquidation depth
Depth within 5%
buy471,095.12 USDC (shortened; full value 471095.1291211258830089776991720301 USDC)sell6.17 USDC (shortened; full value 6.177617492735416186845882898376197930162396111513 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

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Lower at the end of the window than at its start

Lowest
0.93819847 USDC (shortened; full value 0.9381984740555336 USDC)
Highest
0.98280872 USDC (shortened; full value 0.98280872541546315 USDC)
2026-10-04T03:54:27Z — 2026-10-24T23:09:23Z
Mid price
0.93819847 USDC (shortened; full value 0.9381984740555336 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.
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Price sources disagreePRICE_SOURCE_CONFLICT9 of 501
Extreme spreadSPREAD_EXTREME9 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%1.434690 USDC (shortened; full value 1.43469082640571315 USDC)471,158.84 USDC (shortened; full value 471158.8459018121104181768366666573 USDC)471,085.41 USDC (shortened; full value 471085.41365044629694821810576 USDC)
+100%1.912921 USDC (shortened; full value 1.9129211018742842 USDC)471,219.19 USDC (shortened; full value 471219.1925522173672861414583221559 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 471825.1192871695266327577235719344 USDC)471,085.41 USDC (shortened; full value 471085.41365044629694821810576 USDC)
+10,000%96.602515 USDC (shortened; full value 96.6025156446513521 USDC)473,969.69 USDC (shortened; full value 473969.6906771453624258070134780353 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