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keel
Ledger
65,294,247
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
12.60 USDC (shortened; full value 12.601617150002128430125 USDC)Limited by manipulation cost
Depth within 5%
buy13.50 USDC (shortened; full value 13.5026719213659956305404721342 USDC)sell101.13 USDC (shortened; full value 101.139620726804105804946237544710841884172267872684 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

Collateral ceiling

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

Lower at the end of the window than at its start

Lowest
8.94 USDC (shortened; full value 8.945656319694513997177974404467428477601465708469 USDC)
Highest
12.60 USDC (shortened; full value 12.608793849999808966325 USDC)
2026-10-05T01:54:32Z — 2026-10-25T21:39:28Z
Max safe collateral
10.31 USDC (shortened; full value 10.316508224188262973204955738370356256205351982361 USDC)
501 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
Price sources disagreenowPRICE_SOURCE_CONFLICT0 of 501
Extreme spreadnowSPREAD_EXTREME0 of 501
Nothing tradable within 2%ZERO_DEPTH_2PCT230 of 501

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
5.44 USDC (shortened; full value 5.4406898963767407506532614629 USDC)
Sell side
88.74 USDC (shortened; full value 88.742780931684777358953888436869745695208511714 USDC)

5% from mid

Buy side
13.50 USDC (shortened; full value 13.5026719213659956305404721342 USDC)
Sell side
101.13 USDC (shortened; full value 101.139620726804105804946237544710841884172267872684 USDC)

10% from mid

Buy side
26.68 USDC (shortened; full value 26.6875002853460744061793056853 USDC)
Sell side
205.26 USDC (shortened; full value 205.268524333714461935187824022160039799911036570256 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.