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−$43
spread now+0.108%7d average−0.041%fees + slippage, in and out−$57spread needed0.574%
Long on DeribitShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ALGO_USDC-PERPETUAL0.1109−0.0020get 0.0003% / 1h22m 26s$100K$55K25x
ShortBybit ALGOUSDT0.1111−0.0060pay 0.0060% / 8h6h 22m$11.3M$12.8M75x

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
$10.82
Funding while held
−$1.21
Slippage, 4 orders
−$39.45
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$47.84
Spread needed to break even
0.574%
Slippage from Deribit: live order book, 38 min ago; Bybit: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
−0.0040%
Per $10,000 a day
−$1.21
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 Deribit live order book, 38 min ago1.79 bp15.1 bp −$1524.1 bp −$241doesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago0.45 bp17.3 bp −$1743.0 bp −$430doesn't fitdoesn't fit

ALGO price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International0.1107cheapestVariational Omni0.1107+0.046%BloFin0.1108+0.136%HTX0.1109+0.217%Kraken Futures0.1109+0.221%Aster0.1109+0.224%
Deribit0.1109+0.253%
GMX0.1110+0.265%Extended0.1110+0.278%dYdX0.1110+0.316%
Bybit0.1111+0.361%
Gate0.1111+0.371%Phemex0.1111+0.398%KuCoin0.1111+0.407%MEXC0.1111+0.434%OKX0.1112+0.461%BingX0.1112+0.470%Binance0.1112+0.482%Bitget0.1112+0.488%gTrade (Gains Network)0.1112+0.490%Hyperliquid0.1113+0.569%Injective0.1129+2.024%

ALGO on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International ALGO-PERP-INTX−0.252%+0.0048%1h$62K$391K50xas long as short
Variational Omni ALGO−0.206%+0.0069%8h$65K$14K—as long as short
BloFin ALGO-USDT−0.117%+0.0220%8h$506K$765K75xas long as short
HTX ALGO-USDT−0.036%+0.0100%8h$67K$114K75xas long as short
Kraken Futures PF_ALGOUSD−0.032%−0.0194%1h$824K$1.6M50xas long as short
Aster ALGOUSDT−0.029%+0.0100%8h$44K$73K5xas long as short
Deribit ALGO_USDC-PERPETUALlong0.000%−0.0020%1h$100K$55K25x
GMX ALGO/USD [WBTC.b-USDC]+0.012%L +0.0155% / S −0.0079%1h$5K—100xas long as short
Extended ALGO-USD+0.025%+0.0104%1h$8K$209K10xas long as short
dYdX ALGO-USD+0.063%+0.2172%1h$159K$6K5xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit ALGOUSDTshort+0.108%−0.0060%8h$11.3M$12.8M75x
Gate ALGO_USDT+0.117%+0.0100%8h$850K$925K50xas long as short
Phemex ALGOUSDT+0.144%+0.0100%8h$3.8M$1.8M50xas long as short
KuCoin ALGOUSDTM+0.153%+0.0100%8h$3.6M$1.7M50xas long as short
MEXC ALGO_USDT+0.180%+0.0100%8h$22.0M$3.2M200xas long as short
OKX ALGO-USDT-SWAP+0.207%+0.0100%8h$3.0M$8.5M50xas long as short
BingX ALGO-USDT+0.216%+0.0100%8h—$3.1M—as long as short
Binance ALGOUSDT+0.228%+0.0100%8h$10.0M$36.9M75xas long as short
Bitget ALGOUSDT+0.234%+0.0100%8h$5.7M$3.9M75xas long as short
gTrade (Gains Network) ALGO/USD+0.236%L +0.0001% / S +0.0003%1h$7K—150xas long as short
Hyperliquid ALGO+0.315%+0.0100%1h$3.6M$2.0M5xas long as short
Injective ALGO/USDC PERP+1.767%+0.0033%1h$841$115K12xas long as short