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%
- buy40.69 USDC (shortened; full value 40.699572970070773743736383729 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
Collateral ceiling
The most this asset could back at each reading: the lower of the liquidation and manipulation limits.
Higher at the end of the window than at its start
- Lowest
- 6.61 USDC (shortened; full value 6.610904193234905862737307492249639107477215499404 USDC)
- Highest
- 12.60 USDC (shortened; full value 12.601617150002128430125 USDC)
- Max safe collateral
- 12.60 USDC (shortened; full value 12.601617150002128430125 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 pricenow
MANIPULATION_CHEAPthroughout
Thin depth at 5%now
THIN_DEPTH_5PCTthroughout
Nothing tradable within 2%now
ZERO_DEPTH_2PCT167 of 168
Price sources disagree
PRICE_SOURCE_CONFLICT1 of 168
Extreme spread
SPREAD_EXTREME1 of 168
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
- 40.80 USDC (shortened; full value 40.80935930568085714738382127229356822563198597345 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.