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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

Collateral ceiling

The most this asset could back at each reading: the lower of the liquidation and manipulation limits.

Unchanged across the window

Lowest
7.37 USDC (shortened; full value 7.371867207063193410372405059281874567107210240559 USDC)
Highest
12.60 USDC (shortened; full value 12.601617150002128430125 USDC)
2026-11-03T03:54:34Z — 2026-11-04T02:54:34Z
Max safe collateral
12.60 USDC (shortened; full value 12.601617150002128430125 USDC)
24 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_2PCT23 of 24
Extreme spreadnowSPREAD_EXTREME1 of 24
Price sources disagreePRICE_SOURCE_CONFLICT1 of 24

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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
31.60 USDC (shortened; full value 31.6060694508124960881287405928 USDC)
Sell side
0 USDC

5% from mid

Buy side
40.04 USDC (shortened; full value 40.0431689278772886028194242463 USDC)
Sell side
0 USDC

10% from mid

Buy side
53.84 USDC (shortened; full value 53.8414766083107029821088652054 USDC)
Sell side
3.43 USDC (shortened; full value 3.43137428846911958071164665942412210989342284185 USDC)

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.