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keel
Ledger
65,293,526
Methodology
1.0.8-draft
Age
5s

VELO against USDC — what depth stands behind this price?

All assets

VELO / USDC

GDM4…2M5M

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
68.96 USDC (shortened; full value 68.96961592592444253421001 USDC)Limited by manipulation cost
Depth within 5%
buy183.06 USDC (shortened; full value 183.0603042509346581043496484098 USDC)sell56.88 USDC (shortened; full value 56.88144110738493014660355261433678853917697595524 USDC)
Cost to move +50%
275.87 USDC (shortened; full value 275.87846370369777013684004 USDC)Reachable through the order book
Checks
4 triggered3 not evaluated

History

Window
Resolution
Source

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
0 USDC
Highest
234.24 USDC (shortened; full value 234.2475953392089425216096882403 USDC)
2026-10-28T00:54:28Z — 2026-11-04T00:39:29ZOne scale across every line on this chart
2% from mid
0 USDC
5% from mid
183.05 USDC (shortened; full value 183.0564132433047188717710509454 USDC)
10% from mid
201.60 USDC (shortened; full value 201.6062840363741972082632388687 USDC)
169 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Nothing tradable within 2%nowZERO_DEPTH_2PCT56 of 169

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%0.004874 USDC (shortened; full value 0.004874819868365175 USDC)358.39 USDC (shortened; full value 358.3928170944914435577920471244 USDC)275.87 USDC (shortened; full value 275.87846370369777013684004 USDC)
+100%0.006499 USDC (shortened; full value 0.0064997598244869 USDC)519.23 USDC (shortened; full value 519.2318186450431890109751677446 USDC)363.17 USDC (shortened; full value 363.17433250601364587103601 USDC)
+1,000%0.035748 USDC (shortened; full value 0.03574867903467795 USDC)63,665.17 USDC (shortened; full value 63665.1738528397481155746405341487 USDC)62,770.68 USDC (shortened; full value 62770.6868100469832501897717 USDC)
+10,000%0.328237 USDC (shortened; full value 0.32823787113658845 USDC)612,096.38 USDC (shortened; full value 612096.3808823784303716548829242075 USDC)608,588.35 USDC (shortened; full value 608588.3519551247085301897717 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