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keel
Ledger
65,294,426
Methodology
1.0.8-draft
Age
12s

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
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

Window
Resolution
Source

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Lower at the end of the window than at its start

Lowest
0.00000220 USDC (shortened; full value 0.0000022069485452 USDC)
Highest
0.00000251 USDC (shortened; full value 0.0000025115235931 USDC)
2026-10-28T02:54:33Z — 2026-11-04T01:54:34Z
Mid price
0.00000220 USDC (shortened; full value 0.0000022069485452 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 pricenowMANIPULATION_CHEAPthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Nothing tradable within 2%nowZERO_DEPTH_2PCT167 of 168
Price sources disagreePRICE_SOURCE_CONFLICT1 of 168
Extreme spreadSPREAD_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.

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 0.0000036449475 USDC)205.88 USDC (shortened; full value 205.8822624137066359991394605165 USDC)50.40 USDC (shortened; full value 50.4064686000085137205 USDC)
+100%0.000004 USDC (shortened; full value 0.00000485993 USDC)314.58 USDC (shortened; full value 314.5876991838994465538769088408 USDC)50.40 USDC (shortened; full value 50.4064686000085137205 USDC)
+1,000%0.000026 USDC (shortened; full value 0.000026729615 USDC)1,406.07 USDC (shortened; full value 1406.0738037378240760076452824071 USDC)50.40 USDC (shortened; full value 50.4064686000085137205 USDC)
+10,000%0.000245 USDC (shortened; full value 0.000245426465 USDC)5,269.19 USDC (shortened; full value 5269.1974082233316081507066587337 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