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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

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
4.60 USDC (shortened; full value 4.6048671143330811162354159879 USDC)
Highest
471,102.80 USDC (shortened; full value 471102.8094683938229556552030077557 USDC)
2026-11-02T23:54:24Z — 2026-11-03T03:09:24ZOne scale across every line on this chart
2% from mid
5.01 USDC (shortened; full value 5.0195347221702644871873592942 USDC)
5% from mid
471,095.12 USDC (shortened; full value 471095.1291211258830089776991720301 USDC)
10% from mid
471,102.80 USDC (shortened; full value 471102.8094683938229556552030077557 USDC)
2 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.

Both price sources, not only the one that won, and the pair that set the band.

Price used
0.95646055 USDC (shortened; full value 0.9564605509371421 USDC)

Order book mid

AMM pool spot price
0.94538197 USDC (shortened; full value 0.9453819701626701 USDC)

The pool with the largest quote reserve, reported whichever source set the price

Book against pool
1.1718 % (shortened; full value 1.17186292145657584455557859 %)

Past the methodology threshold, the pool price is used and PRICE_SOURCE_CONFLICT fires

Spread
0.3080 % (shortened; full value 0.3080298848191827952316412 %)

Best ask minus best bid, over the mid