data as of
Settings8H · net · $10k
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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−$73
spread now−0.038%7d average+0.128%fees + slippage, in and out−$56spread needed0.562%
Long on Coinbase InternationalShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ALGO-PERP-INTX0.11290.0048pay 0.0006% / 1h12m 10s$61K$442K50x
ShortHyperliquid ALGO0.11290.0100get 0.0013% / 1h12m 10s$3.7M$2.7M5x

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
−$3.81
Funding while held
$1.56
Slippage, 4 orders
−$37.21
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$58.46
Spread needed to break even
0.562%
Slippage from Coinbase International: live order book, 37 min ago; Hyperliquid: live order book, 11 min ago.

Cost of waiting

funding view
Funding /8h
+0.0052%
Per $10,000 a day
+$1.56
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 Coinbase International live order book, 37 min ago4.38 bp13.7 bp −$1420.0 bp −$200doesn't fitdoesn't fit
Sell Hyperliquid live order book, 11 min ago1.79 bp14.4 bp −$14doesn't fitdoesn't fitdoesn't fit

ALGO price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni0.1118cheapestBloFin0.1124+0.568%dYdX0.1125+0.666%Gate0.1126+0.756%BingX0.1127+0.809%Aster0.1127+0.822%MEXC0.1127+0.827%Extended0.1127+0.832%KuCoin0.1127+0.836%Bybit0.1127+0.845%HTX0.1127+0.854%GMX0.1127+0.868%Deribit0.1128+0.890%gTrade (Gains Network)0.1128+0.899%Bitget0.1128+0.917%OKX0.1128+0.934%
Hyperliquid0.1129+0.994%
Injective0.1129+1.006%Binance0.1129+1.024%
Coinbase International0.1129+1.033%
Kraken Futures0.1129+1.044%Phemex0.1131+1.185%

ALGO on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni ALGO−1.022%+0.0100%8h$65K$195K—as long as short
BloFin ALGO-USDT−0.460%+0.0220%8h$521K$760K75xas long as short
dYdX ALGO-USD−0.363%+0.0408%1h$161K$6K5xas long as short
Gate ALGO_USDT−0.275%+0.0100%8h$853K$1.0M50xas long as short
BingX ALGO-USDT−0.221%+0.0100%8h—$3.2M—as long as short
Aster ALGOUSDT−0.209%+0.0100%8h$42K$87K5xas long as short
MEXC ALGO_USDT−0.204%+0.0100%8h$22.4M$4.0M200xas long as short
Extended ALGO-USD−0.199%+0.0104%1h$7K$207K10xas long as short
KuCoin ALGOUSDTM−0.195%+0.0100%8h$3.7M$1.8M50xas long as short
Bybit ALGOUSDT−0.186%+0.0100%8h$11.4M$13.8M75xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX ALGO-USDT−0.177%+0.0100%8h$67K$117K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]−0.163%L +0.0238% / S −0.0167%1h$5K—100xas long as short
Deribit ALGO_USDC-PERPETUAL−0.142%0.0000%1h$102K$56K25xas long as short
gTrade (Gains Network) ALGO/USD−0.133%L +0.0001% / S +0.0003%1h$7K—150xas long as short
Bitget ALGOUSDT−0.115%+0.0100%8h$5.7M$4.3M75xas long as short
OKX ALGO-USDT-SWAP−0.097%+0.0100%8h$3.0M$9.8M50xas long as short
Hyperliquid ALGOshort−0.038%+0.0100%1h$3.7M$2.7M5x
Injective ALGO/USDC PERP−0.027%+0.0166%1h$841$151K12xas long as short
Binance ALGOUSDT−0.008%+0.0100%8h$10.5M$39.2M75xas long as short
Coinbase International ALGO-PERP-INTXlong0.000%+0.0048%1h$61K$442K50x
Kraken Futures PF_ALGOUSD+0.011%−0.0781%1h$847K$1.8M50xas long as short
Phemex ALGOUSDT+0.151%+0.0100%8h$3.9M$2.0M50xas long as short