What depth stands behind this price?
XAG against USDC · GB4I3O…YCLXAG
How much can this asset safely back?
- Low
- Medium
- High
- Critical — this asset
Criticalpartial confidence
A band marked partial is a floor. At least one high-severity check could not be evaluated, so the real band can only be worse than the one shown, never better.
0 USDC
Limited by manipulation cost
- Liquidation term
- 18.49 USDC (shortened; full value 18.49050086956466511835823418161577382737667242639 USDC)
Sell-side depth at the liquidation delta, times the haircut.
- Manipulation termbinds
- 0 USDC
Order-book-only manipulation cost at the critical delta, times the safety margin.
These bands come from thresholds that were chosen, not calibrated
The thresholds were chosen based on the magnitude of the Blend incident of February 2026 and on conservative judgement, not calibrated against a set of incidents. Every flag is reported separately so that consumers can apply their own thresholds.
Where this number comes from
- Source
- GET /asset/{assetId}/depth → maxSafeCollateral, maxSafeCollateralLiquidation, maxSafeCollateralManipulation
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
What this computation could not do
- maxReachablePrice and costToMaxReachablePrice are null because an active pool is present: under a constant product curve the price tends to infinity as the base reserve tends to zero, so every target is reachable and a highest price has no meaning
Served by the engine with this response and shown as written.
Where does the price come from?
- Mid price
- 0.00014517 USDC (shortened; full value 0.0001451760898124 USDC)
Source: AMM pool spot
- Spread
- 68,881,762.9192 % (shortened; full value 68881762.9192397916464714328156795 %)
Undefined unless the price came from a two-sided book
- Pool spot price
- 0.00014517 USDC (shortened; full value 0.0001451760898124 USDC)
Reported whenever an active pool exists, whichever source won
- Divergence between the two
- 34,440,884.7824 % (shortened; full value 34440884.78241925888196777421307568 %)
PRICE_SOURCE_CONFLICT is triggered: the two sources disagree past the threshold and the pool was taken
Where this number comes from
- Source
- GET /asset/{assetId}/depth → midPrice, priceSource, spreadPct, poolSpotPrice, priceDivergencePct
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
What volume can it absorb before the price moves?
SPREAD_EXTREME is triggered, so this ladder is not meaningful
The spread is past the threshold at which the engine says the mid price, and every figure derived from it including these rungs, stops describing an executable market.
- SDEX
- AMM
- Sell side, composition not reported
2% from mid
5% from mid
10% from mid
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.
Where this number comes from
- Source
- GET /asset/{assetId}/depth → depth[]
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
What would it cost to move the price?
Every target price below is measured from the same unreliable mid
SPREAD_EXTREME is triggered. A target price is the mid price moved by the delta, so when the mid sits between quotes that are far apart, the targets describe a market that is not there. Reachability and the furthest price the book reaches are the readings that still mean something here.
| Move | Target price | Cost, all venues | Cost, order book only |
|---|---|---|---|
| 0.5% | 0.000217 USDC (shortened; full value 0.0002177641347186 USDC) | 162.93 USDC (shortened; full value 162.9368838654652021759777258404 USDC) | free to reach |
| 1% | 0.000290 USDC (shortened; full value 0.0002903521796248 USDC) | 300.29 USDC (shortened; full value 300.2990310301310627525292486406 USDC) | free to reach |
| 10% | 0.001596 USDC (shortened; full value 0.0015969369879364 USDC) | 1,679.52 USDC (shortened; full value 1679.5205251572286639471497391232 USDC) | free to reach |
| 100% | 0.014662 USDC (shortened; full value 0.0146627850710524 USDC) | 6,561.03 USDC (shortened; full value 6561.0330680527546307914359916154 USDC) | free to reach |
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.
How far the book actually goes
- Furthest price the book reaches
- not computed
Null by structure, not by failure: an active pool means every target is reachable and a highest price has no meaning
- Cost to walk it that far
- not computed
Null for the same reason as the price above
Against genuine volume
Not reported for this asset. Without it there is no comparison between the cost of an attack and the genuine trading it would have to hide inside.
Where this number comes from
- Source
- GET /asset/{assetId}/depth → manipulationCostCombined[], manipulationCostOrderbookOnly[], oracleResistance
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
Which checks fired, and which could not run?
Triggered(7)
- MANIPULATION_CHEAP
- MANIPULATION_RATIO_LOW
- PRICE_SOURCE_CONFLICT
- SPREAD_EXTREME
- HOLDER_CONCENTRATION_EXTREME
- THIN_DEPTH_5PCT
- HOLDER_CONCENTRATION_HIGH
Could not be evaluated(3)
- NO_GENUINE_TRADE_30D
- NO_GENUINE_TRADE_7D
- WASH_TRADE_SUSPECTED
Where this number comes from
- Source
- GET /asset/{assetId}/depth → flags[], unevaluatedFlags[], bandConfidence
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
Who holds it, and is it genuinely traded?
- Largest holder
- 89.0741 % (shortened; full value 89.07413303082708356530243253 %)
- Top ten holders
- 98.5935 % (shortened; full value 98.59350391178447912611475057 %)
- Concentration index
- 7,981.70 (shortened; full value 7981.7021001826631229899811217928966564672062866967130639)
Herfindahl–Hirschman, over the holder distribution
- Volume excluded as not genuine
- not computed
Of 30 day volume. A high share indicates suspected wash trading
- Volume to supply, 30 day
- not computed
- Last genuine trade
- not computed
No genuine trade was found in the window
Where this number comes from
- Source
- GET /asset/{assetId}/depth → holderTop1Pct, holderTop10Pct, holderHhi, volumeToSupply, lastGenuineTrade, tradesExcludedPct
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
How has this moved over time?
No readings were stored in this range from this source
The engine accepted the request and returned nothing for Offers implied. The series is as old as the deployment, and the reconstruction sources are not populated in production, so a window can reach back further than anything that was recorded. It is not empty because the figures were zero.
Where this number comes from
- Source
- GET /asset/{assetId}/history → points[], gaps[], dataSource
- What it is
- Awaiting methodology copy.
- What it does not account for
- Awaiting methodology copy.
What was this computed from?
- Ledger
- 64,489,597
Closed at 2026-09-18T12:16:03Z
- Computed at
- 2026-09-18T12:16:12.210401Z
- Data source
- horizon
- Methodology
- 1.0.8-draft
The version that produced these figures, not the one this page was built against