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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

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
11.48 USDC (shortened; full value 11.4856770670696010599019372733 USDC)
Highest
95.78 USDC (shortened; full value 95.7867534837054690572667846732 USDC)
2026-10-05T23:54:32Z — 2026-10-25T21:54:33ZOne scale across every line on this chart
2% from mid
22.82 USDC (shortened; full value 22.8235263812013654121158474179 USDC)
5% from mid
31.37 USDC (shortened; full value 31.3730948104460304852436880608 USDC)
10% from mid
95.78 USDC (shortened; full value 95.7867534837054690572667846732 USDC)
21 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_2PCT10 of 21

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.