data as of
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Price arb /

ALGO

all ALGO markets
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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−$101
spread now+0.326%7d average+0.055%fees + slippage, in and out−$128spread needed1.282%
Long on Kraken FuturesShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ALGOUSD0.11440.0033pay 0.0004% / 1h29m 17s$898K$1.8M50x
ShortPhemex ALGOUSDT0.11480.0100get 0.0100% / 8h2h 29m$4.0M$2.0M50x

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
$32.63
Funding while held
$2.02
Slippage, 4 orders
−$106.25
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$93.59
Spread needed to break even
1.282%
Slippage from Kraken Futures: live order book, 1 min ago; Phemex: live order book, 6 min ago.

Cost of waiting

funding view
Funding /8h
+0.0067%
Per $10,000 a day
+$2.02
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, 1 min ago12.65 bp25.9 bp −$2652.4 bp −$524doesn't fitdoesn't fit
Sell Phemex live order book, 6 min ago12.98 bp30.0 bp −$3065.0 bp −$650doesn't fitdoesn't fit

ALGO price on every exchange

against the cheapest. Click to use as the short leg.
BloFin0.1143cheapest
Kraken Futures0.1144+0.076%
BingX0.1144+0.079%Gate0.1144+0.096%Extended0.1145+0.101%Bybit0.1145+0.105%OKX0.1145+0.131%Deribit0.1145+0.131%HTX0.1145+0.131%Bitget0.1145+0.140%Aster0.1145+0.142%MEXC0.1145+0.149%Binance0.1145+0.157%GMX0.1145+0.161%Coinbase International0.1145+0.166%KuCoin0.1145+0.175%gTrade (Gains Network)0.1145+0.178%dYdX0.1146+0.190%Variational Omni0.1147+0.295%Hyperliquid0.1147+0.324%
Phemex0.1148+0.402%
Injective0.1154+0.927%

ALGO on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin ALGO-USDT−0.076%+0.0220%8h$539K$683K75xas long as short
Kraken Futures PF_ALGOUSDlong0.000%+0.0033%1h$898K$1.8M50x
BingX ALGO-USDT+0.003%+0.0100%8h—$3.3M—as long as short
Gate ALGO_USDT+0.020%+0.0100%8h$871K$1.2M50xas long as short
Extended ALGO-USD+0.025%+0.0104%1h$13K$248K10xas long as short
Bybit ALGOUSDT+0.029%+0.0100%8h$11.9M$14.1M75xas long as short
OKX ALGO-USDT-SWAP+0.055%+0.0100%8h$3.1M$11.1M50xas long as short
Deribit ALGO_USDC-PERPETUAL+0.055%−0.0187%1h$104K$57K25xas long as short
HTX ALGO-USDT+0.055%+0.0100%8h$69K$122K75xas long as short
Bitget ALGOUSDT+0.064%+0.0100%8h$5.8M$4.4M75xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aster ALGOUSDT+0.067%+0.0100%8h$43K$92K5xas long as short
MEXC ALGO_USDT+0.073%+0.0100%8h$21.8M$4.2M200xas long as short
Binance ALGOUSDT+0.081%+0.0100%8h$10.8M$41.8M75xas long as short
GMX ALGO/USD [WBTC.b-USDC]+0.085%L +0.0240% / S −0.0167%1h$5K—100xas long as short
Coinbase International ALGO-PERP-INTX+0.090%−0.0040%1h$70K$550K50xas long as short
KuCoin ALGOUSDTM+0.099%+0.0100%8h$3.8M$1.9M50xas long as short
gTrade (Gains Network) ALGO/USD+0.102%L +0.0001% / S +0.0003%1h$7K—150xas long as short
dYdX ALGO-USD+0.114%+0.0167%1h$164K$6K5xas long as short
Variational Omni ALGO+0.219%+0.0100%8h$63K$193K—as long as short
Hyperliquid ALGO+0.248%+0.0100%1h$3.9M$3.2M5xas long as short
Phemex ALGOUSDTshort+0.326%+0.0100%8h$4.0M$2.0M50x
Injective ALGO/USDC PERP+0.851%+0.0033%1h$859$100K12xas long as short