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)−0.324%
7d average−0.146%if it closes, per $10,000$32funding while held, a day+$0.00
Long on HyperliquidShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ALGO0.11210.0100pay 0.0013% / 1h30m 17s$3.6M$2.4M5x
ShortVariational Omni ALGO0.11180.0100get 0.0100% / 8h7h 30m$65K$195K—

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
−$32.45
Funding while held
$0
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$41.45
Spread needed to break even
0.090%
Slippage unknown: Hyperliquid: live order book, 3 min ago; Variational Omni: RFQ quote, 15 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
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, 3 min ago1.34 bp38.8 bp −$39doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 15 min ago4.47 bpdoesn't fit49.2 bp −$492doesn't fitdoesn't fit

ALGO price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni0.1118cheapest
Bybit0.1118+0.039%MEXC0.1119+0.120%BingX0.1119+0.129%HTX0.1119+0.138%Binance0.1119+0.147%Coinbase International0.1119+0.156%GMX0.1120+0.163%Kraken Futures0.1120+0.164%Deribit0.1120+0.164%Extended0.1120+0.177%Bitget0.1120+0.200%Gate0.1120+0.209%gTrade (Gains Network)0.1120+0.209%OKX0.1120+0.218%KuCoin0.1120+0.227%BloFin0.1120+0.227%Phemex0.1121+0.290%
Hyperliquid0.1121+0.326%
Aster0.1121+0.328%dYdX0.1122+0.409%Injective0.1129+1.005%

ALGO on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni ALGOshort−0.324%+0.0100%8h$65K$195K—
Bybit ALGOUSDT−0.285%−0.0016%8h$11.4M$13.3M75xas long as short
MEXC ALGO_USDT−0.205%+0.0100%8h$22.2M$3.4M200xas long as short
BingX ALGO-USDT−0.196%+0.0100%8h—$3.1M—as long as short
HTX ALGO-USDT−0.187%+0.0100%8h$66K$112K75xas long as short
Binance ALGOUSDT−0.178%+0.0100%8h$10.4M$37.1M75xas long as short
Coinbase International ALGO-PERP-INTX−0.169%+0.0064%1h$61K$411K50xas long as short
GMX ALGO/USD [WBTC.b-USDC]−0.162%L +0.0157% / S −0.0081%1h$5K—100xas long as short
Kraken Futures PF_ALGOUSD−0.161%−0.0506%1h$841K$1.7M50xas long as short
Deribit ALGO_USDC-PERPETUAL−0.161%−0.0286%1h$101K$55K25xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended ALGO-USD−0.148%+0.0104%1h$6K$207K10xas long as short
Bitget ALGOUSDT−0.125%+0.0100%8h$5.6M$4.0M75xas long as short
Gate ALGO_USDT−0.116%+0.0100%8h$846K$936K50xas long as short
gTrade (Gains Network) ALGO/USD−0.116%L +0.0001% / S +0.0003%1h$7K—150xas long as short
OKX ALGO-USDT-SWAP−0.107%+0.0100%8h$3.0M$9.0M50xas long as short
KuCoin ALGOUSDTM−0.098%+0.0100%8h$3.6M$1.8M50xas long as short
BloFin ALGO-USDT−0.098%+0.0220%8h$511K$780K75xas long as short
Phemex ALGOUSDT−0.036%+0.0190%8h$3.8M$1.9M50xas long as short
Hyperliquid ALGOlong0.000%+0.0100%1h$3.6M$2.4M5x
Aster ALGOUSDT+0.002%+0.0100%8h$44K$80K5xas long as short
dYdX ALGO-USD+0.083%+0.0901%1h$161K$6K5xas long as short
Injective ALGO/USDC PERP+0.678%+0.0033%1h$841$115K12xas long as short