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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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
5.01 USDC (shortened; full value 5.0108919943998260550678508584 USDC)
Sell side
1.35 USDC (shortened; full value 1.351761760586831335589927999094455975996948883102 USDC)

5% from mid

Buy side
471,095.12 USDC (shortened; full value 471095.1204782048278203837354612986 USDC)
Sell side
6.18 USDC (shortened; full value 6.18620798233023392575584547959378112551551121589 USDC)

10% from mid

Buy side
471,102.80 USDC (shortened; full value 471102.8008251566635822144511850826 USDC)
Sell side
14.41 USDC (shortened; full value 14.416491968928757682890410819990972064302615503321 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.