ALGO

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.240%

7d average—if it closes, per $10,000$24funding while held, a day+$2.96

Long on gTrade (Gains Network)Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ALGO/USD	0.1121	L +0.0001% / S +0.0003%	pay 0.0000% / 1h	58m 03s	$7K	—	150x
Short	Variational Omni ALGO	0.1118	0.0099	get 0.0099% / 8h	6h 58m	$65K	$104K	—

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 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee gTrade (Gains Network)bpFee Variational OmnibpOrdersClose when spread is

Spread captured: −$23.97
Funding while held: $2.96
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$31.02
Spread needed to break even: 0.100%

Slippage unknown: gTrade (Gains Network): no order-book sample; Variational Omni: RFQ quote, 47 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0099%
Per $10,000 a day: +$2.96
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 Variational Omni RFQ quote, 47 min ago	4.47 bp	doesn't fit	49.2 bp −$492	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.

ALGO on 22 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin ALGO-USDT	−0.371%	+0.0220%	8h	$508K	$778K	75x	as long as short
Bybit ALGOUSDT	−0.344%	+0.0036%	8h	$11.4M	$13.0M	75x	as long as short
OKX ALGO-USDT-SWAP	−0.309%	+0.0100%	8h	$3.0M	$8.7M	50x	as long as short
Extended ALGO-USD	−0.274%	+0.0104%	1h	$6K	$207K	10x	as long as short
Variational Omni ALGOshort	−0.240%	+0.0099%	8h	$65K	$104K	—
Binance ALGOUSDT	−0.198%	+0.0100%	8h	$10.4M	$36.6M	75x	as long as short
MEXC ALGO_USDT	−0.193%	+0.0100%	8h	$22.2M	$3.2M	200x	as long as short
Bitget ALGOUSDT	−0.193%	+0.0100%	8h	$5.6M	$3.9M	75x	as long as short
Gate ALGO_USDT	−0.157%	+0.0100%	8h	$844K	$901K	50x	as long as short
BingX ALGO-USDT	−0.095%	+0.0100%	8h	—	$3.1M	—	as long as short

Show all 22 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
HTX ALGO-USDT	−0.095%	+0.0100%	8h	$66K	$108K	75x	as long as short
Kraken Futures PF_ALGOUSD	−0.087%	−0.0192%	1h	$841K	$1.7M	50x	as long as short
Deribit ALGO_USDC-PERPETUAL	−0.068%	−0.0285%	1h	$101K	$55K	25x	as long as short
KuCoin ALGOUSDTM	−0.059%	+0.0100%	8h	$3.6M	$1.7M	50x	as long as short
Coinbase International ALGO-PERP-INTX	−0.050%	+0.0048%	1h	$61K	$398K	50x	as long as short
Aster ALGOUSDT	−0.045%	+0.0100%	8h	$44K	$74K	5x	as long as short
GMX ALGO/USD [WBTC.b-USDC]	−0.037%	L +0.0156% / S −0.0080%	1h	$5K	—	100x	as long as short
gTrade (Gains Network) ALGO/USDlong	0.000%	L +0.0001% / S +0.0003%	1h	$7K	—	150x
dYdX ALGO-USD	+0.031%	+0.1628%	1h	$161K	$6K	5x	as long as short
Hyperliquid ALGO	+0.084%	+0.0100%	1h	$3.7M	$2.2M	5x	as long as short
Phemex ALGOUSDT	+0.164%	+0.0100%	8h	$3.9M	$1.9M	50x	as long as short
Injective ALGO/USDC PERP	+0.699%	+0.0033%	1h	$841	$115K	12x	as long as short