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.

Spread before costs (cost unknown: a leg has no order-book sample)+0.019%
7d average—if it closes, per $10,000$2funding while held, a day+$8.21
Long on DeribitShort on GMX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ALGO_USDC-PERPETUAL0.1121−0.0107get 0.0013% / 1h45m 08s$101K$55K25x
ShortGMX ALGO/USD [WBTC.b-USDC]0.1121L +0.0237% / S −0.0167%get 0.0021% / 1h45m 08s$5K—100x

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
$1.87
Funding while held
$8.21
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee GMX: 6 bp × 2 orders
−$12
Net
−$8.91
Spread needed to break even
0.190%
Slippage unknown: Deribit: live order book, 20 min ago; GMX: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0274%
Per $10,000 a day
+$8.21
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, 20 min ago7.12 bp11.5 bp −$1221.5 bp −$215doesn't fitdoesn't fit
Sell GMX no order-book sample—————
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ALGO price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni0.1119cheapestBybit0.1119+0.022%HTX0.1120+0.112%BingX0.1120+0.121%OKX0.1120+0.130%KuCoin0.1120+0.130%
Deribit0.1121+0.156%
Kraken Futures0.1121+0.167%Extended0.1121+0.168%Binance0.1121+0.168%MEXC0.1121+0.174%
GMX0.1121+0.175%
Bitget0.1121+0.183%Gate0.1121+0.192%gTrade (Gains Network)0.1121+0.192%BloFin0.1121+0.192%Aster0.1121+0.204%dYdX0.1122+0.250%Hyperliquid0.1122+0.308%Phemex0.1123+0.362%Coinbase International0.1125+0.523%Injective0.1129+0.898%

ALGO on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni ALGO−0.156%+0.0100%8h$65K$195K—as long as short
Bybit ALGOUSDT−0.134%−0.0115%8h$11.4M$13.5M75xas long as short
HTX ALGO-USDT−0.045%+0.0100%8h$66K$116K75xas long as short
BingX ALGO-USDT−0.036%+0.0100%8h—$3.2M—as long as short
OKX ALGO-USDT-SWAP−0.027%+0.0100%8h$3.0M$9.4M50xas long as short
KuCoin ALGOUSDTM−0.027%+0.0100%8h$3.6M$1.8M50xas long as short
Deribit ALGO_USDC-PERPETUALlong0.000%−0.0107%1h$101K$55K25x
Kraken Futures PF_ALGOUSD+0.011%−0.0505%1h$843K$1.8M50xas long as short
Extended ALGO-USD+0.011%+0.0104%1h$6K$207K10xas long as short
Binance ALGOUSDT+0.011%+0.0100%8h$10.4M$38.2M75xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC ALGO_USDT+0.018%+0.0100%8h$22.3M$3.4M200xas long as short
GMX ALGO/USD [WBTC.b-USDC]short+0.019%L +0.0237% / S −0.0167%1h$5K—100x
Bitget ALGOUSDT+0.027%+0.0100%8h$5.7M$4.1M75xas long as short
Gate ALGO_USDT+0.036%+0.0100%8h$847K$933K50xas long as short
gTrade (Gains Network) ALGO/USD+0.036%L +0.0001% / S +0.0003%1h$7K—150xas long as short
BloFin ALGO-USDT+0.036%+0.0220%8h$511K$780K75xas long as short
Aster ALGOUSDT+0.048%+0.0100%8h$42K$87K5xas long as short
dYdX ALGO-USD+0.094%+0.0601%1h$161K$6K5xas long as short
Hyperliquid ALGO+0.152%+0.0100%1h$3.6M$2.6M5xas long as short
Phemex ALGOUSDT+0.205%+0.0513%8h$3.9M$1.9M50xas long as short
Coinbase International ALGO-PERP-INTX+0.366%+0.0064%1h$61K$434K50xas long as short
Injective ALGO/USDC PERP+0.741%+0.0033%1h$841$115K12xas long as short