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)+0.146%
7d average—if it closes, per $10,000$15funding while held, a day−$1.64
Long on GMXShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ALGO/USD [WBTC.b-USDC]0.1112L +0.0155% / S −0.0078%pay 0.0019% / 1h52m 35s$5K—100x
ShortPhemex ALGOUSDT0.11140.0100get 0.0100% / 8h5h 52m$3.8M$1.8M50x

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
$14.56
Funding while held
−$1.64
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$11.08
Spread needed to break even
0.240%
Slippage unknown: GMX: no order-book sample; Phemex: live order book, 3 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0055%
Per $10,000 a day
−$1.64
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 Phemex live order book, 3 min ago4.50 bp25.6 bp −$2659.2 bp −$592doesn't fitdoesn't fit
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 Omni0.1103cheapestCoinbase International0.1106+0.234%BloFin0.1111+0.714%HTX0.1111+0.723%Bybit0.1111+0.760%Kraken Futures0.1112+0.773%OKX0.1112+0.787%Deribit0.1112+0.814%Aster0.1112+0.829%BingX0.1112+0.832%
GMX0.1112+0.839%
Gate0.1112+0.841%Extended0.1112+0.845%gTrade (Gains Network)0.1113+0.851%Binance0.1113+0.868%MEXC0.1113+0.868%KuCoin0.1113+0.895%Bitget0.1113+0.895%dYdX0.1113+0.901%Hyperliquid0.1114+0.941%
Phemex0.1114+0.986%
Injective0.1129+2.346%

ALGO on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni ALGO−0.832%+0.0057%8h$64K$13K—as long as short
Coinbase International ALGO-PERP-INTX−0.601%+0.0032%1h$62K$360K50xas long as short
BloFin ALGO-USDT−0.124%+0.0220%8h$492K$792K75xas long as short
HTX ALGO-USDT−0.115%+0.0100%8h$67K$112K75xas long as short
Bybit ALGOUSDT−0.079%−0.0021%8h$11.3M$12.7M75xas long as short
Kraken Futures PF_ALGOUSD−0.066%−0.0373%1h$818K$1.3M50xas long as short
OKX ALGO-USDT-SWAP−0.052%+0.0100%8h$3.0M$8.3M50xas long as short
Deribit ALGO_USDC-PERPETUAL−0.025%−0.0020%1h$101K$55K25xas long as short
Aster ALGOUSDT−0.010%+0.0100%8h$44K$73K5xas long as short
BingX ALGO-USDT−0.007%+0.0100%8h—$3.1M—as long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
GMX ALGO/USD [WBTC.b-USDC]long0.000%L +0.0155% / S −0.0078%1h$5K—100x
Gate ALGO_USDT+0.002%+0.0100%8h$845K$815K50xas long as short
Extended ALGO-USD+0.005%+0.0104%1h$7K$210K10xas long as short
gTrade (Gains Network) ALGO/USD+0.012%L +0.0001% / S +0.0003%1h$7K—150xas long as short
Binance ALGOUSDT+0.029%+0.0100%8h$9.9M$36.1M75xas long as short
MEXC ALGO_USDT+0.029%+0.0100%8h$22.1M$3.1M200xas long as short
KuCoin ALGOUSDTM+0.056%+0.0100%8h$3.6M$1.7M50xas long as short
Bitget ALGOUSDT+0.056%+0.0100%8h$5.6M$3.8M75xas long as short
dYdX ALGO-USD+0.061%+0.6684%1h$160K$6K5xas long as short
Hyperliquid ALGO+0.101%+0.0100%1h$3.6M$2.1M5xas long as short
Phemex ALGOUSDTshort+0.146%+0.0100%8h$3.8M$1.8M50x
Injective ALGO/USDC PERP+1.494%+0.0033%1h$841$81K12xas long as short