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keel
Ledger
65,275,167
Methodology
1.0.8-draft
Age
7s

XH5 against USDC — what depth stands behind this price?

All assets

XH5 / USDC

GA6N…RFBF

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0 USDCLimited by manipulation cost
Depth within 5%
buy19.34 USDC (shortened; full value 19.3422934750991076513582355865 USDC)sell19.71 USDC (shortened; full value 19.713389764117987980367996058446126564426352825554 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
5 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
7.78 USDC (shortened; full value 7.7896689869203966514020132738 USDC)
Highest
39.41 USDC (shortened; full value 39.4173120078850806145354349877 USDC)
2026-10-26T23:54:33Z — 2026-11-02T23:09:34ZOne scale across every line on this chart
2% from mid
7.79 USDC (shortened; full value 7.7980616096842591455412230474 USDC)
5% from mid
19.35 USDC (shortened; full value 19.3531830601643669570393866299 USDC)
10% from mid
38.25 USDC (shortened; full value 38.2508055774668428265111966411 USDC)
169 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
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Price sources disagreenowPRICE_SOURCE_CONFLICTthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout

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.

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

0 USDC

Limited by manipulation cost

Liquidation term
19.97 USDC (shortened; full value 19.976373477441749733430713287812348407521436862668 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation termbinds
0 USDC

Order-book-only manipulation cost at the critical delta, times the safety margin.