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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

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.

Lower at the end of the window than at its start

Lowest
5.44 USDC (shortened; full value 5.4406898963767407506532614629 USDC)
Highest
102.29 USDC (shortened; full value 102.2920115019981878883443878383 USDC)
2026-11-03T02:54:34Z — 2026-11-04T01:54:34ZOne scale across every line on this chart
2% from mid
5.44 USDC (shortened; full value 5.4406898963767407506532614629 USDC)
5% from mid
13.50 USDC (shortened; full value 13.5026719213659956305404721342 USDC)
10% from mid
26.68 USDC (shortened; full value 26.6875002853460744061793056853 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
Price sources disagreePRICE_SOURCE_CONFLICT1 of 24
Extreme spreadSPREAD_EXTREME1 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.

An averaging oracle makes an attacker outweigh genuine trading as well as move the book. A market with no genuine volume has no such defence.

Cost of a 50% move, order book only
50.40 USDC (shortened; full value 50.4064686000085137205 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
0 USDC

Over the last 900 seconds (15 minutes), after the genuine-trade filter

Cost against genuine volume
not computed

Below 1, moving the price is cheaper than all genuine trading across the window. Not computed when there was no genuine volume or the target is unreachable

Total attack cost
50.40 USDC (shortened; full value 50.4064686000085137205 USDC)

The move, plus the genuine volume an averaging oracle forces an attacker to outweigh