data as of
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Price arb /

ALGO

all ALGO markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$39
spread now+0.188%7d average+0.039%fees + slippage, in and out−$54spread needed0.541%
Long on BybitShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ALGOUSDT0.1118−0.0383get 0.0383% / 8h7h 52m$11.4M$13.5M75x
ShortDeribit ALGO_USDC-PERPETUAL0.1120−0.0196pay 0.0024% / 1h52m 56s$101K$56K25x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$18.78
Funding while held
$5.6
Slippage, 4 orders
−$36.11
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$29.72
Spread needed to break even
0.541%
Slippage from Bybit: live order book, 2 min ago; Deribit: live order book, 12 min ago.

Cost of waiting

funding view
Funding /8h
+0.0187%
Per $10,000 a day
+$5.60
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago0.89 bp14.0 bp −$1444.3 bp −$443doesn't fitdoesn't fit
Sell Deribit live order book, 12 min ago7.12 bp13.3 bp −$1324.8 bp −$248doesn't fitdoesn't fit

ALGO price on every exchange

against the cheapest. Click to use as the short leg.
Bybit0.1118cheapest
Gate0.1118+0.036%BloFin0.1119+0.072%OKX0.1119+0.089%BingX0.1119+0.098%HTX0.1119+0.116%KuCoin0.1120+0.170%Bitget0.1120+0.179%dYdX0.1120+0.183%Binance0.1120+0.185%
Deribit0.1120+0.188%
Extended0.1120+0.198%MEXC0.1120+0.206%gTrade (Gains Network)0.1120+0.211%GMX0.1121+0.233%Aster0.1121+0.240%Kraken Futures0.1121+0.270%Phemex0.1122+0.358%Variational Omni0.1122+0.362%Hyperliquid0.1122+0.367%Coinbase International0.1125+0.608%Injective0.1129+0.984%

ALGO on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit ALGOUSDTlong0.000%−0.0383%8h$11.4M$13.5M75x
Gate ALGO_USDT+0.036%+0.0100%8h$846K$932K50xas long as short
BloFin ALGO-USDT+0.072%+0.0220%8h$513K$764K75xas long as short
OKX ALGO-USDT-SWAP+0.089%+0.0100%8h$3.0M$9.5M50xas long as short
BingX ALGO-USDT+0.098%+0.0100%8h—$3.2M—as long as short
HTX ALGO-USDT+0.116%+0.0100%8h$66K$116K75xas long as short
KuCoin ALGOUSDTM+0.170%+0.0100%8h$3.7M$1.8M50xas long as short
Bitget ALGOUSDT+0.179%+0.0100%8h$5.7M$4.2M75xas long as short
dYdX ALGO-USD+0.183%+0.0419%1h$161K$6K5xas long as short
Binance ALGOUSDT+0.185%+0.0100%8h$10.4M$38.4M75xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Deribit ALGO_USDC-PERPETUALshort+0.188%−0.0196%1h$101K$56K25x
Extended ALGO-USD+0.198%+0.0104%1h$6K$207K10xas long as short
MEXC ALGO_USDT+0.206%+0.0100%8h$22.2M$3.4M200xas long as short
gTrade (Gains Network) ALGO/USD+0.211%L +0.0001% / S +0.0003%1h$7K—150xas long as short
GMX ALGO/USD [WBTC.b-USDC]+0.233%L +0.0237% / S −0.0167%1h$5K—100xas long as short
Aster ALGOUSDT+0.240%+0.0100%8h$42K$87K5xas long as short
Kraken Futures PF_ALGOUSD+0.270%−0.0505%1h$842K$1.8M50xas long as short
Phemex ALGOUSDT+0.358%+0.0283%8h$3.8M$1.9M50xas long as short
Variational Omni ALGO+0.362%+0.0100%8h$65K$195K—as long as short
Hyperliquid ALGO+0.367%+0.0100%1h$3.6M$2.6M5xas long as short
Coinbase International ALGO-PERP-INTX+0.608%+0.0064%1h$61K$436K50xas long as short
Injective ALGO/USDC PERP+0.984%+0.0033%1h$841$115K12xas long as short