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−$91
spread now+0.057%7d average+0.126%fees + slippage, in and out−$84spread needed0.840%
Long on BybitShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ALGOUSDT0.11350.0100pay 0.0100% / 8h1h 29m$11.8M$14.3M75x
ShortKraken Futures PF_ALGOUSD0.1136−0.1335pay 0.0167% / 1h29m 41s$867K$1.9M50x

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
$5.73
Funding while held
−$43.05
Slippage, 4 orders
−$63.01
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$121.32
Spread needed to break even
0.840%
Slippage from Bybit: live order book, just now; Kraken Futures: live order book, just now.

Cost of waiting

funding view
Funding /8h
−0.1435%
Per $10,000 a day
−$43.05
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, just now2.20 bp15.9 bp −$1654.2 bp −$542doesn't fitdoesn't fit
Sell Kraken Futures live order book, just now11.43 bp34.8 bp −$3569.6 bp −$696doesn't fitdoesn't fit

ALGO price on every exchange

against the cheapest. Click to use as the short leg.
Bybit0.1135cheapest
OKX0.1136+0.026%Deribit0.1136+0.026%Extended0.1136+0.045%Bitget0.1136+0.053%
Kraken Futures0.1136+0.057%
MEXC0.1136+0.062%BingX0.1136+0.062%Binance0.1136+0.079%HTX0.1136+0.088%KuCoin0.1137+0.132%dYdX0.1137+0.135%Gate0.1137+0.141%Aster0.1137+0.148%gTrade (Gains Network)0.1138+0.191%Hyperliquid0.1138+0.194%GMX0.1138+0.221%Phemex0.1138+0.229%Variational Omni0.1141+0.452%BloFin0.1142+0.608%Coinbase International0.1143+0.652%Injective0.1154+1.638%

ALGO on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit ALGOUSDTlong0.000%+0.0100%8h$11.8M$14.3M75x
OKX ALGO-USDT-SWAP+0.026%+0.0100%8h$3.1M$11.1M50xas long as short
Deribit ALGO_USDC-PERPETUAL+0.026%−0.0454%1h$103K$60K25xas long as short
Extended ALGO-USD+0.045%+0.0104%1h$13K$248K10xas long as short
Bitget ALGOUSDT+0.053%+0.0100%8h$5.7M$4.5M75xas long as short
Kraken Futures PF_ALGOUSDshort+0.057%−0.1335%1h$867K$1.9M50x
MEXC ALGO_USDT+0.062%+0.0100%8h$22.2M$4.2M200xas long as short
BingX ALGO-USDT+0.062%+0.0100%8h—$3.3M—as long as short
Binance ALGOUSDT+0.079%+0.0100%8h$10.7M$42.7M75xas long as short
HTX ALGO-USDT+0.088%+0.0100%8h$67K$132K75xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin ALGOUSDTM+0.132%+0.0100%8h$3.7M$1.8M50xas long as short
dYdX ALGO-USD+0.135%+0.0233%1h$163K$6K5xas long as short
Gate ALGO_USDT+0.141%+0.0100%8h$860K$1.2M50xas long as short
Aster ALGOUSDT+0.148%+0.0100%8h$43K$93K5xas long as short
gTrade (Gains Network) ALGO/USD+0.191%L +0.0001% / S +0.0003%1h$7K—150xas long as short
Hyperliquid ALGO+0.194%+0.0100%1h$3.7M$3.0M5xas long as short
GMX ALGO/USD [WBTC.b-USDC]+0.221%L +0.0239% / S −0.0167%1h$5K—100xas long as short
Phemex ALGOUSDT+0.229%+0.0100%8h$3.9M$2.1M50xas long as short
Variational Omni ALGO+0.452%+0.0100%8h$63K$193K—as long as short
BloFin ALGO-USDT+0.608%+0.0220%8h$526K$751K75xas long as short
Coinbase International ALGO-PERP-INTX+0.652%+0.0016%1h$69K$509K50xas long as short
Injective ALGO/USDC PERP+1.638%−0.0120%1h$859$100K12xas long as short