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keel
Ledger
65,294,426
Methodology
1.0.8-draft
Age
4s

USDT against USDC — what depth stands behind this price?

All assets

USDT / USDC

GCQT…TG6V

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0 USDCLimited by manipulation cost
Depth within 5%
buy10.64 USDC (shortened; full value 10.6462514988786427588982617275 USDC)sell10.85 USDC (shortened; full value 10.850507753612949201455296934527546092790863479629 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
7 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.

Unchanged across the window

Lowest
0 USDC
Highest
0 USDC
2026-10-28T02:54:23Z — 2026-11-04T01:54:24Z
Max safe collateral
0 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.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Price sources disagreenowPRICE_SOURCE_CONFLICTthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout

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%0.164313 USDC (shortened; full value 0.16431370375822665 USDC)96.88 USDC (shortened; full value 96.8893704225011974164528994814 USDC)free to reach
+100%0.219084 USDC (shortened; full value 0.2190849383443022 USDC)210.57 USDC (shortened; full value 210.5708879101777242395478152122 USDC)31.99 USDC (shortened; full value 31.99999981696644 USDC)
+1,000%1.204967 USDC (shortened; full value 1.2049671608936621 USDC)15,059.52 USDC (shortened; full value 15059.529845558132071305802012691 USDC)14,060.81 USDC (shortened; full value 14060.81376339398233 USDC)
+10,000%11.063789 USDC (shortened; full value 11.0637893863872611 USDC)17,962.28 USDC (shortened; full value 17962.2898945425757510115494596263 USDC)14,060.81 USDC (shortened; full value 14060.81376339398233 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