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

ALGO

all ALGO markets
SwapFunding view
Alert
My alerts

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−$51
spread now+0.231%7d average0.000%fees + slippage, in and out−$74spread needed0.740%
Long on Kraken FuturesShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ALGOUSD0.11530.0032pay 0.0004% / 1h35m 39s$903K$1.8M50x
ShortHyperliquid ALGO0.11560.0100get 0.0013% / 1h35m 39s$3.9M$3.2M5x

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
$23.08
Funding while held
$2.03
Slippage, 4 orders
−$55.03
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$48.92
Spread needed to break even
0.740%
Slippage from Kraken Futures: live order book, 4 min ago; Hyperliquid: live order book, 7 min ago.

Cost of waiting

funding view
Funding /8h
+0.0068%
Per $10,000 a day
+$2.03
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 Kraken Futures live order book, 4 min ago7.37 bp21.0 bp −$2136.4 bp −$364doesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago1.73 bp14.7 bp −$15doesn't fitdoesn't fitdoesn't fit

ALGO price on every exchange

against the cheapest. Click to use as the short leg.
Bybit0.1152cheapestOKX0.1152cheapestGate0.1152+0.017%Variational Omni0.1152+0.032%BingX0.1153+0.061%
Kraken Futures0.1153+0.083%
Extended0.1153+0.083%BloFin0.1153+0.104%Binance0.1153+0.122%MEXC0.1153+0.122%Deribit0.1154+0.148%Bitget0.1154+0.165%Injective0.1154+0.165%Coinbase International0.1154+0.182%gTrade (Gains Network)0.1154+0.187%GMX0.1154+0.189%HTX0.1154+0.200%dYdX0.1154+0.206%KuCoin0.1155+0.217%Aster0.1155+0.235%
Hyperliquid0.1156+0.314%
Phemex0.1156+0.339%

ALGO on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit ALGOUSDT−0.083%+0.0100%8h$11.9M$14.1M75xas long as short
OKX ALGO-USDT-SWAP−0.083%+0.0100%8h$3.2M$11.1M50xas long as short
Gate ALGO_USDT−0.066%+0.0100%8h$877K$1.2M50xas long as short
Variational Omni ALGO−0.052%+0.0100%8h$63K$193K—as long as short
BingX ALGO-USDT−0.022%+0.0100%8h—$3.2M—as long as short
Kraken Futures PF_ALGOUSDlong0.000%+0.0032%1h$903K$1.8M50x
Extended ALGO-USD0.000%+0.0104%1h$13K$248K10xas long as short
BloFin ALGO-USDT+0.021%+0.0220%8h$540K$687K75xas long as short
Binance ALGOUSDT+0.038%+0.0100%8h$10.9M$41.5M75xas long as short
MEXC ALGO_USDT+0.038%+0.0100%8h$22.1M$4.2M200xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Deribit ALGO_USDC-PERPETUAL+0.064%−0.0097%1h$105K$57K25xas long as short
Bitget ALGOUSDT+0.082%+0.0100%8h$5.8M$4.3M75xas long as short
Injective ALGO/USDC PERP+0.082%+0.0033%1h$859$100K12xas long as short
Coinbase International ALGO-PERP-INTX+0.099%−0.0040%1h$70K$556K50xas long as short
gTrade (Gains Network) ALGO/USD+0.103%L +0.0001% / S +0.0003%1h$7K—150xas long as short
GMX ALGO/USD [WBTC.b-USDC]+0.106%L +0.0240% / S −0.0167%1h$5K—100xas long as short
HTX ALGO-USDT+0.116%+0.0100%8h$69K$121K75xas long as short
dYdX ALGO-USD+0.123%+0.0156%1h$165K$6K5xas long as short
KuCoin ALGOUSDTM+0.134%+0.0100%8h$3.8M$1.9M50xas long as short
Aster ALGOUSDT+0.152%+0.0100%8h$44K$92K5xas long as short
Hyperliquid ALGOshort+0.231%+0.0100%1h$3.9M$3.2M5x
Phemex ALGOUSDT+0.255%+0.0100%8h$4.0M$2.0M50xas long as short