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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

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
7.20 USDC (shortened; full value 7.203950909036090075311675869282465046001975494291 USDC)
Highest
7.41 USDC (shortened; full value 7.410021634239246902149577563361875282647836403464 USDC)
2026-11-02T23:54:24Z — 2026-11-03T03:09:24Z
Max safe collateral
7.20 USDC (shortened; full value 7.203950909036090075311675869282465046001975494291 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.

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 5.0195347221702644871873592942 USDC)
Sell side
1.34 USDC (shortened; full value 1.343171072018101129800561255609031601075701031392 USDC)

5% from mid

Buy side
471,095.12 USDC (shortened; full value 471095.1291211258830089776991720301 USDC)
Sell side
6.17 USDC (shortened; full value 6.177617492735416186845882898376197930162396111513 USDC)

10% from mid

Buy side
471,102.80 USDC (shortened; full value 471102.8094683938229556552030077557 USDC)
Sell side
14.40 USDC (shortened; full value 14.407901818072180150623351738564930092003950988582 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.