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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

Cost to move the price 50%

The stored series carries one manipulation rung, the +50% move. A reading the engine could not produce breaks the line rather than sitting at zero.

Unchanged across the window

Lowest
50.40 USDC (shortened; full value 50.4064686000085137205 USDC)
Highest
50.40 USDC (shortened; full value 50.4064686000085137205 USDC)
2026-11-03T02:54:34Z — 2026-11-04T01:54:34Z
Cost to move +50%
50.40 USDC (shortened; full value 50.4064686000085137205 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.

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
32.24 USDC (shortened; full value 32.2400417378127153716005060187 USDC)
Sell side
0 USDC

5% from mid

Buy side
40.69 USDC (shortened; full value 40.699572970070773743736383729 USDC)
Sell side
0 USDC

10% from mid

Buy side
80.80 USDC (shortened; full value 80.8066560746102083124465267363 USDC)
Sell side
81.61 USDC (shortened; full value 81.6187186113617142947676425445871364512639719469 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.