XAU against USDC — what depth stands behind this price?
Risk band
Critical
partial confidence
A floor: the real band can only be worse.
- Max safe collateral
- 12.60 USDC (shortened; full value 12.601617150002128430125 USDC)Limited by manipulation cost
- Depth within 5%
- buy38.77 USDC (shortened; full value 38.7716174627458933577910742987 USDC)sell0 USDC
- Cost to move +50%
- 50.40 USDC (shortened; full value 50.4064686000085137205 USDC)Reachable through the order book
- Checks
- 3 triggered3 not evaluated
History
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
- 20.01 USDC (shortened; full value 20.0195297057517123697223482746 USDC)
- Highest
- 102.29 USDC (shortened; full value 102.2920115019981878883443878383 USDC)
- 2% from mid
- 30.28 USDC (shortened; full value 30.2867388281959044239093999945 USDC)
- 5% from mid
- 38.74 USDC (shortened; full value 38.746186498779813014264123786 USDC)
- 10% from mid
- 78.85 USDC (shortened; full value 78.8531329438317844895317684219 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.
Nothing tradable within 2%now
ZERO_DEPTH_2PCTthroughout
Cheap to move the pricenow
MANIPULATION_CHEAPthroughout
Thin depth at 5%now
THIN_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.
The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.
12.60 USDC (shortened; full value 12.601617150002128430125 USDC)
Limited by manipulation cost
- Liquidation term
- 44.07 USDC (shortened; full value 44.0740132721250566849772202312602265565172686160955 USDC)
Sell-side depth at the liquidation delta, times the haircut.
- Manipulation termbinds
- 12.60 USDC (shortened; full value 12.601617150002128430125 USDC)
Order-book-only manipulation cost at the critical delta, times the safety margin.