data as of
Settings8H · net · $10k
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Price arb /

ALGO

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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.

After costs, if the gap returns to its 7d average, $10k−$70
spread now−0.270%7d average−0.128%fees + slippage, in and out−$55spread needed0.554%
Long on HyperliquidShort on Coinbase International
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ALGO0.11100.0100pay 0.0013% / 1h24m 54s$3.6M$2.1M5x
ShortCoinbase International ALGO-PERP-INTX0.11070.0048get 0.0006% / 1h24m 54s$62K$391K50x

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
−$27.04
Funding while held
−$1.56
Slippage, 4 orders
−$36.35
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$83.95
Spread needed to break even
0.554%
Slippage from Hyperliquid: live order book, 8 min ago; Coinbase International: live order book, 15 min ago.

Cost of waiting

funding view
Funding /8h
−0.0052%
Per $10,000 a day
−$1.56
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 Hyperliquid live order book, 8 min ago1.80 bp14.2 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Coinbase International live order book, 15 min ago6.29 bp12.2 bp −$1217.8 bp −$178doesn't fitdoesn't fit

ALGO price on every exchange

against the cheapest. Click to use as the short leg.
Bybit0.1106cheapest
Coinbase International0.1107+0.063%
OKX0.1107+0.099%Variational Omni0.1107+0.109%BingX0.1107+0.118%HTX0.1108+0.145%KuCoin0.1108+0.163%Gate0.1108+0.181%Binance0.1108+0.199%MEXC0.1108+0.208%Extended0.1108+0.228%Kraken Futures0.1109+0.259%Aster0.1109+0.271%Bitget0.1109+0.280%Deribit0.1109+0.289%BloFin0.1109+0.289%dYdX0.1109+0.315%gTrade (Gains Network)0.1110+0.327%GMX0.1110+0.329%
Hyperliquid0.1110+0.335%
Phemex0.1111+0.461%Injective0.1129+2.089%

ALGO on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit ALGOUSDT−0.333%−0.0053%8h$11.3M$12.8M75xas long as short
Coinbase International ALGO-PERP-INTXshort−0.270%+0.0048%1h$62K$391K50x
OKX ALGO-USDT-SWAP−0.234%+0.0100%8h$3.0M$8.5M50xas long as short
Variational Omni ALGO−0.224%+0.0069%8h$65K$14K—as long as short
BingX ALGO-USDT−0.216%+0.0100%8h—$3.1M—as long as short
HTX ALGO-USDT−0.189%+0.0100%8h$67K$113K75xas long as short
KuCoin ALGOUSDTM−0.171%+0.0100%8h$3.5M$1.7M50xas long as short
Gate ALGO_USDT−0.153%+0.0100%8h$848K$925K50xas long as short
Binance ALGOUSDT−0.135%+0.0100%8h$10.2M$36.9M75xas long as short
MEXC ALGO_USDT−0.126%+0.0100%8h$22.0M$3.2M200xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended ALGO-USD−0.106%+0.0104%1h$8K$209K10xas long as short
Kraken Futures PF_ALGOUSD−0.075%−0.0194%1h$824K$1.6M50xas long as short
Aster ALGOUSDT−0.063%+0.0100%8h$44K$73K5xas long as short
Bitget ALGOUSDT−0.054%+0.0100%8h$5.6M$3.9M75xas long as short
Deribit ALGO_USDC-PERPETUAL−0.045%−0.0111%1h$100K$55K25xas long as short
BloFin ALGO-USDT−0.045%+0.0220%8h$506K$765K75xas long as short
dYdX ALGO-USD−0.019%+0.1986%1h$159K$6K5xas long as short
gTrade (Gains Network) ALGO/USD−0.007%L +0.0001% / S +0.0003%1h$7K—150xas long as short
GMX ALGO/USD [WBTC.b-USDC]−0.005%L +0.0155% / S −0.0079%1h$5K—100xas long as short
Hyperliquid ALGOlong0.000%+0.0100%1h$3.6M$2.1M5x
Phemex ALGOUSDT+0.126%+0.0101%8h$3.8M$1.8M50xas long as short
Injective ALGO/USDC PERP+1.748%+0.0033%1h$841$115K12xas long as short