Spread before costs (cost unknown: a leg has no order-book sample)−0.157%
7d average—if it closes, per $10,000$16funding while held, a day−$15.21
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) ALGO/USD | 0.1120 | L +0.0001% / S +0.0003% | pay 0.0000% / 1h | 34m 44s | $7K | — | 150x |
| Short | Kraken Futures PF_ALGOUSD | 0.1118 | −0.0506 | pay 0.0063% / 1h | 34m 44s | $841K | $1.7M | 50x |
gTrade (Gains Network) ALGO/USD
Kraken Futures PF_ALGOUSDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$15.73
- Funding while held
- −$15.21
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$50.94
- Spread needed to break even
- 0.200%
Slippage unknown: gTrade (Gains Network): no order-book sample; Kraken Futures: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0507%
- Per $10,000 a day
- −$15.21
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 5 min ago | 10.68 bp | 32.6 bp −$33 | 64.4 bp −$644 | doesn't fit | doesn't fit |
gTrade (Gains Network): 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.Deribit0.1117cheapestBybit0.1118+0.045%
Deribit
BybitKraken Futures0.1118+0.066%
OKX0.1118+0.072%KuCoin0.1119+0.098%Aster0.1119+0.116%BingX0.1119+0.125%HTX0.1119+0.134%Bitget0.1119+0.143%Gate0.1119+0.152%GMX0.1119+0.162%Variational Omni0.1119+0.171%Extended0.1119+0.181%Coinbase International0.1119+0.188%MEXC0.1120+0.197%
OKX
KuCoin
Aster
BingX
HTX
Bitget
Gate
GMX
Variational Omni
Extended
Coinbase International
MEXCgTrade (Gains Network)0.1120+0.224%
Binance0.1120+0.233%Phemex0.1120+0.233%Hyperliquid0.1121+0.304%dYdX0.1121+0.307%BloFin0.1121+0.349%Injective0.1129+1.038%
Binance
Phemex
Hyperliquid
dYdX
BloFin
InjectiveALGO on 22 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUAL | −0.223% | −0.0644% | 1h | $101K | $55K | 25x | as long as short |
| Bybit ALGOUSDT | −0.179% | +0.0001% | 8h | $11.4M | $13.3M | 75x | as long as short |
| Kraken Futures PF_ALGOUSDshort | −0.157% | −0.0506% | 1h | $841K | $1.7M | 50x | |
| OKX ALGO-USDT-SWAP | −0.152% | +0.0100% | 8h | $3.0M | $9.1M | 50x | as long as short |
| KuCoin ALGOUSDTM | −0.125% | +0.0100% | 8h | $3.6M | $1.8M | 50x | as long as short |
| Aster ALGOUSDT | −0.107% | +0.0100% | 8h | $42K | $80K | 5x | as long as short |
| BingX ALGO-USDT | −0.098% | +0.0100% | 8h | — | $3.2M | — | as long as short |
| HTX ALGO-USDT | −0.089% | +0.0100% | 8h | $66K | $113K | 75x | as long as short |
| Bitget ALGOUSDT | −0.080% | +0.0100% | 8h | $5.6M | $4.1M | 75x | as long as short |
| Gate ALGO_USDT | −0.071% | +0.0100% | 8h | $846K | $935K | 50x | as long as short |
Show all 22 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX ALGO/USD [WBTC.b-USDC] | −0.062% | L +0.0157% / S −0.0081% | 1h | $5K | — | 100x | as long as short |
| Variational Omni ALGO | −0.053% | +0.0100% | 8h | $65K | $195K | — | as long as short |
| Extended ALGO-USD | −0.042% | +0.0104% | 1h | $6K | $207K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.036% | +0.0064% | 1h | $61K | $424K | 50x | as long as short |
| MEXC ALGO_USDT | −0.027% | +0.0100% | 8h | $22.2M | $3.4M | 200x | as long as short |
| gTrade (Gains Network) ALGO/USDlong | 0.000% | L +0.0001% / S +0.0003% | 1h | $7K | — | 150x | |
| Binance ALGOUSDT | +0.009% | +0.0100% | 8h | $10.4M | $37.6M | 75x | as long as short |
| Phemex ALGOUSDT | +0.009% | +0.0435% | 8h | $3.8M | $1.9M | 50x | as long as short |
| Hyperliquid ALGO | +0.080% | +0.0100% | 1h | $3.6M | $2.4M | 5x | as long as short |
| dYdX ALGO-USD | +0.083% | +0.0871% | 1h | $161K | $6K | 5x | as long as short |
| BloFin ALGO-USDT | +0.125% | +0.0220% | 8h | $512K | $795K | 75x | as long as short |
| Injective ALGO/USDC PERP | +0.813% | +0.0033% | 1h | $841 | $115K | 12x | as long as short |