data as of
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Price arb /

ALGO

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Spread before costs (cost unknown: a leg has no order-book sample)−0.153%
7d average−0.095%if it closes, per $10,000$15funding while held, a day−$11.70
Long on HyperliquidShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ALGO0.11130.0100pay 0.0013% / 1h45m 41s$3.6M$2.1M5x
ShortDeribit ALGO_USDC-PERPETUAL0.1111−0.0290pay 0.0036% / 1h45m 41s$101K$54K25x

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
−$15.27
Funding while held
−$11.7
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$42.97
Spread needed to break even
0.160%
Slippage unknown: Hyperliquid: live order book, 7 min ago; Deribit: live order book, 5 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0390%
Per $10,000 a day
−$11.70
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, 7 min ago1.79 bp16.0 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell Deribit live order book, 5 min ago4.95 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

ALGO price on every exchange

against the cheapest. Click to use as the short leg.
Bybit0.1110cheapestVariational Omni0.1110+0.021%BloFin0.1111+0.081%OKX0.1111+0.126%BingX0.1111+0.126%Aster0.1111+0.139%
Deribit0.1111+0.144%
GMX0.1111+0.157%Extended0.1111+0.158%KuCoin0.1111+0.162%Binance0.1112+0.168%MEXC0.1112+0.171%HTX0.1112+0.180%gTrade (Gains Network)0.1112+0.198%Kraken Futures0.1112+0.207%dYdX0.1112+0.207%Gate0.1112+0.207%Bitget0.1112+0.207%Coinbase International0.1113+0.252%
Hyperliquid0.1113+0.297%
Phemex0.1114+0.387%Injective0.1129+1.739%

ALGO on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit ALGOUSDT−0.296%−0.0051%8h$11.2M$12.7M75xas long as short
Variational Omni ALGO−0.276%+0.0051%8h$65K$13K—as long as short
BloFin ALGO-USDT−0.216%+0.0220%8h$488K$796K75xas long as short
OKX ALGO-USDT-SWAP−0.171%+0.0100%8h$3.0M$8.2M50xas long as short
BingX ALGO-USDT−0.171%+0.0100%8h—$3.1M—as long as short
Aster ALGOUSDT−0.158%+0.0100%8h$44K$73K5xas long as short
Deribit ALGO_USDC-PERPETUALshort−0.153%−0.0290%1h$101K$54K25x
GMX ALGO/USD [WBTC.b-USDC]−0.140%L +0.0154% / S −0.0078%1h$5K—100xas long as short
Extended ALGO-USD−0.138%+0.0104%1h$7K$210K10xas long as short
KuCoin ALGOUSDTM−0.135%+0.0100%8h$3.5M$1.7M50xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance ALGOUSDT−0.128%+0.0100%8h$9.9M$36.1M75xas long as short
MEXC ALGO_USDT−0.126%+0.0100%8h$22.1M$3.1M200xas long as short
HTX ALGO-USDT−0.117%+0.0100%8h$67K$112K75xas long as short
gTrade (Gains Network) ALGO/USD−0.099%L +0.0001% / S +0.0003%1h$7K—150xas long as short
Kraken Futures PF_ALGOUSD−0.091%−0.0373%1h$817K$1.3M50xas long as short
dYdX ALGO-USD−0.090%+0.4185%1h$159K$6K5xas long as short
Gate ALGO_USDT−0.090%+0.0100%8h$845K$815K50xas long as short
Bitget ALGOUSDT−0.090%+0.0100%8h$5.6M$3.8M75xas long as short
Coinbase International ALGO-PERP-INTX−0.045%+0.0032%1h$62K$362K50xas long as short
Hyperliquid ALGOlong0.000%+0.0100%1h$3.6M$2.1M5x
Phemex ALGOUSDT+0.090%+0.0100%8h$3.8M$1.8M50xas long as short
Injective ALGO/USDC PERP+1.438%+0.0033%1h$841$81K12xas long as short