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)−1.793%
7d average+0.796%if it closes, per $10,000$179funding while held, a day−$12.22
Long on InjectiveShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ALGO/USDC PERP0.11290.0033pay 0.0004% / 1h11m 07s$841$81K12x
ShortKraken Futures PF_ALGOUSD0.1109−0.0374pay 0.0047% / 1h11m 07s$815K$1.3M50x

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
−$179.26
Funding while held
−$12.22
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$201.5
Spread needed to break even
0.100%
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 4 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0407%
Per $10,000 a day
−$12.22
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 Injective no order-book sample—————
Sell Kraken Futures live order book, 4 min ago7.67 bp27.0 bp −$2762.2 bp −$622doesn't fitdoesn't fit
Injective: 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.
Coinbase International0.1106cheapestVariational Omni0.1107+0.144%Bybit0.1107+0.145%Gate0.1108+0.181%HTX0.1108+0.190%BingX0.1108+0.226%dYdX0.1108+0.230%BloFin0.1108+0.244%OKX0.1109+0.262%Aster0.1109+0.267%
Kraken Futures0.1109+0.277%
Extended0.1109+0.289%MEXC0.1109+0.289%Binance0.1109+0.298%KuCoin0.1109+0.298%Bitget0.1109+0.298%gTrade (Gains Network)0.1109+0.315%Deribit0.1109+0.326%GMX0.1109+0.340%Phemex0.1111+0.479%Hyperliquid0.1111+0.488%
Injective0.1129+2.107%

ALGO on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International ALGO-PERP-INTX−2.064%+0.0032%1h$61K$359K50xas long as short
Variational Omni ALGO−1.923%−0.0002%8h$64K$13K—as long as short
Bybit ALGOUSDT−1.922%−0.0144%8h$11.2M$12.7M75xas long as short
Gate ALGO_USDT−1.887%+0.0100%8h$837K$818K50xas long as short
HTX ALGO-USDT−1.878%+0.0100%8h$66K$111K75xas long as short
BingX ALGO-USDT−1.842%+0.0100%8h—$3.1M—as long as short
dYdX ALGO-USD−1.838%+0.4897%1h$159K$6K5xas long as short
BloFin ALGO-USDT−1.825%+0.0220%8h$490K$800K75xas long as short
OKX ALGO-USDT-SWAP−1.807%+0.0100%8h$3.0M$8.2M50xas long as short
Aster ALGOUSDT−1.802%+0.0100%8h$44K$73K5xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_ALGOUSDshort−1.793%−0.0374%1h$815K$1.3M50x
Extended ALGO-USD−1.781%+0.0104%1h$7K$210K10xas long as short
MEXC ALGO_USDT−1.780%+0.0100%8h$22.3M$3.1M200xas long as short
Binance ALGOUSDT−1.771%+0.0100%8h$9.9M$35.8M75xas long as short
KuCoin ALGOUSDTM−1.771%+0.0100%8h$3.6M$1.6M50xas long as short
Bitget ALGOUSDT−1.771%+0.0100%8h$5.6M$3.8M75xas long as short
gTrade (Gains Network) ALGO/USD−1.756%L +0.0001% / S +0.0003%1h$7K—150xas long as short
Deribit ALGO_USDC-PERPETUAL−1.745%0.0000%1h$100K$54K25xas long as short
GMX ALGO/USD [WBTC.b-USDC]−1.731%L +0.0154% / S −0.0077%1h$5K—100xas long as short
Phemex ALGOUSDT−1.594%+0.0109%8h$3.8M$1.8M50xas long as short
Hyperliquid ALGO−1.585%+0.0100%1h$3.6M$2.1M5xas long as short
Injective ALGO/USDC PERPlong0.000%+0.0033%1h$841$81K12x