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keel
Ledger
65,295,147
Methodology
1.0.8-draft
Age
5s

XAU against USDC — what depth stands behind this price?

All assets

XAU / USDC

GBCB…LXAU

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
1.71 USDC (shortened; full value 1.715687144234559790355823329712061054946711420925 USDC)Limited by liquidation depth
Depth within 5%
buy40.04 USDC (shortened; full value 40.0431689278772886028194242463 USDC)sell0 USDC
Cost to move +50%
50.40 USDC (shortened; full value 50.4064686000085137205 USDC)Reachable through the order book
Checks
4 triggered3 not evaluated

History

Window
Resolution
Source

Cost to move the price 50%

The stored series carries one manipulation rung, the +50% move. A reading the engine could not produce breaks the line rather than sitting at zero.

Lower at the end of the window than at its start

Lowest
42.86 USDC (shortened; full value 42.8682012999926610667 USDC)
Highest
50.43 USDC (shortened; full value 50.4351753999992358653 USDC)
2026-10-05T03:54:32Z — 2026-10-25T22:54:33Z
Cost to move +50%
50.43 USDC (shortened; full value 50.4314155999943490034 USDC)
500 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Nothing tradable within 2%nowZERO_DEPTH_2PCT231 of 500
Extreme spreadnowSPREAD_EXTREME0 of 500

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%0.000003 USDC (shortened; full value 0.0000036256097619 USDC)204.92 USDC (shortened; full value 204.9215114736431096989172566379 USDC)50.40 USDC (shortened; full value 50.4064686000085137205 USDC)
+100%0.000004 USDC (shortened; full value 0.0000048341463492 USDC)313.33 USDC (shortened; full value 313.3386989686860580565673752616 USDC)50.40 USDC (shortened; full value 50.4064686000085137205 USDC)
+1,000%0.000026 USDC (shortened; full value 0.0000265878049206 USDC)1,401.93 USDC (shortened; full value 1401.9305593355519150888634023126 USDC)50.40 USDC (shortened; full value 50.4064686000085137205 USDC)
+10,000%0.000244 USDC (shortened; full value 0.0002441243906346 USDC)5,254.81 USDC (shortened; full value 5254.8104942136106550686674600463 USDC)50.40 USDC (shortened; full value 50.4064686000085137205 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