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Price arb /

ALGO

all ALGO markets
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Spread before costs (cost unknown: a leg has no order-book sample)−0.237%
7d average—if it closes, per $10,000$24funding while held, a day+$54.42
Long on GMXShort on dYdX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ALGO/USD [WBTC.b-USDC]0.1123L +0.0156% / S −0.0080%pay 0.0020% / 1h51m 27s$5K—100x
ShortdYdX ALGO-USD0.11210.1970get 0.0246% / 1h51m 27s$161K$6K5x

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
−$23.66
Funding while held
$54.42
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
$8.77
Spread needed to break even
0.220%
Slippage unknown: GMX: no order-book sample; dYdX: live order book, 54 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.1814%
Per $10,000 a day
+$54.42
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 GMX no order-book sample—————
Sell dYdX live order book, 54 min ago66.00 bp122.0 bp −$122241.4 bp −$2,414367.0 bp −$36.7K1496.8 bp −$748.4K
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 Omni0.1117cheapestBloFin0.1117+0.045%Coinbase International0.1118+0.090%HTX0.1119+0.224%Deribit0.1120+0.295%Kraken Futures0.1120+0.306%Extended0.1121+0.350%
dYdX0.1121+0.354%
Bybit0.1121+0.421%Gate0.1122+0.439%Aster0.1122+0.439%Phemex0.1122+0.466%KuCoin0.1122+0.492%BingX0.1122+0.492%OKX0.1123+0.510%MEXC0.1123+0.510%Binance0.1123+0.521%Bitget0.1123+0.555%gTrade (Gains Network)0.1123+0.564%
GMX0.1123+0.592%
Hyperliquid0.1124+0.680%Injective0.1129+1.092%

ALGO on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni ALGO−0.588%+0.0093%8h$65K$104K—as long as short
BloFin ALGO-USDT−0.544%+0.0220%8h$509K$771K75xas long as short
Coinbase International ALGO-PERP-INTX−0.499%+0.0048%1h$61K$395K50xas long as short
HTX ALGO-USDT−0.366%+0.0100%8h$66K$108K75xas long as short
Deribit ALGO_USDC-PERPETUAL−0.295%−0.0196%1h$101K$55K25xas long as short
Kraken Futures PF_ALGOUSD−0.285%−0.0192%1h$837K$1.6M50xas long as short
Extended ALGO-USD−0.240%+0.0104%1h$6K$207K10xas long as short
dYdX ALGO-USDshort−0.237%+0.1970%1h$161K$6K5x
Bybit ALGOUSDT−0.170%+0.0056%8h$11.5M$12.9M75xas long as short
Gate ALGO_USDT−0.152%+0.0100%8h$845K$901K50xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aster ALGOUSDT−0.152%+0.0100%8h$44K$74K5xas long as short
Phemex ALGOUSDT−0.126%+0.0100%8h$3.8M$1.9M50xas long as short
KuCoin ALGOUSDTM−0.099%+0.0100%8h$3.6M$1.7M50xas long as short
BingX ALGO-USDT−0.099%+0.0100%8h—$3.1M—as long as short
OKX ALGO-USDT-SWAP−0.081%+0.0100%8h$3.0M$8.7M50xas long as short
MEXC ALGO_USDT−0.081%+0.0100%8h$22.3M$3.2M200xas long as short
Binance ALGOUSDT−0.071%+0.0100%8h$10.4M$36.4M75xas long as short
Bitget ALGOUSDT−0.036%+0.0100%8h$5.6M$3.9M75xas long as short
gTrade (Gains Network) ALGO/USD−0.028%L +0.0001% / S +0.0003%1h$7K—150xas long as short
GMX ALGO/USD [WBTC.b-USDC]long0.000%L +0.0156% / S −0.0080%1h$5K—100x
Hyperliquid ALGO+0.088%+0.0100%1h$3.7M$2.2M5xas long as short
Injective ALGO/USDC PERP+0.498%+0.0033%1h$841$115K12xas long as short