Keel — Stellar liquidity risk

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

What an order can absorb before the price moves against a buyer. The rungs are nested, so one scale covers all three.

Higher at the end of the window than at its start

Lowest: 29.17 USDC (shortened; full value 29.1709715754672472984633053578 USDC)
Highest: 101.98 USDC (shortened; full value 101.9880913647358796361361433533 USDC)

2026-11-03T23:54:34Z — 2026-11-04T02:54:34ZOne scale across every line on this chart

2% from mid: 32.30 USDC (shortened; full value 32.305896505348438895631893506 USDC)
5% from mid: 40.76 USDC (shortened; full value 40.7654461295659409560804924849 USDC)
10% from mid: 80.87 USDC (shortened; full value 80.8725593129157463077912863005 USDC)

2 readings from horizon, with no gaps reported. One source per chart.

What fires now, how long it has been firing across the window above, and what could not run.

Nothing tradable within 2%nowZERO_DEPTH_2PCT

throughout

Cheap to move the pricenowMANIPULATION_CHEAP

throughout

Thin depth at 5%nowTHIN_DEPTH_5PCT

throughout

Extreme spreadnowSPREAD_EXTREME

0 of 2

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: 79.08 USDC (shortened; full value 79.0856591 USDC)
Over the last 900 seconds (15 minutes), after the genuine-trade filter
Cost against genuine volume: 0.6373 (shortened; full value 0.6373654740143464736010526591)
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: 129.49 USDC (shortened; full value 129.4921277000085137205 USDC)
The move, plus the genuine volume an averaging oracle forces an attacker to outweigh