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−$112
spread now−0.330%7d average−0.189%fees + slippage, in and out−$98spread needed0.981%
Long on PhemexShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ALGOUSDT0.11220.0100pay 0.0100% / 8h7h 01m$3.9M$1.9M50x
ShortBybit ALGOUSDT0.11180.0070get 0.0070% / 8h7h 01m$11.4M$13.0M75x

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
−$32.98
Funding while held
−$0.91
Slippage, 4 orders
−$75.09
Fee Phemex: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$131.97
Spread needed to break even
0.981%
Slippage from Phemex: live order book, 4 min ago; Bybit: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.0030%
Per $10,000 a day
−$0.91
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 Phemex live order book, 4 min ago8.90 bp21.8 bp −$2262.4 bp −$624doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago0.45 bp16.0 bp −$1650.1 bp −$501doesn't fitdoesn't fit

ALGO price on every exchange

against the cheapest. Click to use as the short leg.
Bybit0.1118cheapest
Binance0.1119+0.089%BingX0.1119+0.089%Variational Omni0.1119+0.095%MEXC0.1119+0.098%KuCoin0.1119+0.098%Extended0.1120+0.116%BloFin0.1120+0.116%Gate0.1120+0.125%OKX0.1120+0.134%Deribit0.1120+0.134%HTX0.1120+0.143%Bitget0.1120+0.152%Aster0.1120+0.178%dYdX0.1120+0.182%GMX0.1120+0.191%gTrade (Gains Network)0.1121+0.206%Coinbase International0.1121+0.206%Kraken Futures0.1121+0.218%Hyperliquid0.1122+0.331%
Phemex0.1122+0.331%
Injective0.1129+0.957%

ALGO on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit ALGOUSDTshort−0.330%+0.0070%8h$11.4M$13.0M75x
Binance ALGOUSDT−0.241%+0.0100%8h$10.4M$36.6M75xas long as short
BingX ALGO-USDT−0.241%+0.0100%8h—$3.1M—as long as short
Variational Omni ALGO−0.235%+0.0096%8h$65K$104K—as long as short
MEXC ALGO_USDT−0.232%+0.0100%8h$22.2M$3.5M200xas long as short
KuCoin ALGOUSDTM−0.232%+0.0100%8h$3.6M$1.7M50xas long as short
Extended ALGO-USD−0.215%+0.0104%1h$6K$207K10xas long as short
BloFin ALGO-USDT−0.214%+0.0220%8h$508K$779K75xas long as short
Gate ALGO_USDT−0.205%+0.0100%8h$844K$943K50xas long as short
OKX ALGO-USDT-SWAP−0.196%+0.0100%8h$3.0M$8.8M50xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Deribit ALGO_USDC-PERPETUAL−0.196%−0.0375%1h$101K$55K25xas long as short
HTX ALGO-USDT−0.187%+0.0100%8h$66K$108K75xas long as short
Bitget ALGOUSDT−0.178%+0.0100%8h$5.6M$3.9M75xas long as short
Aster ALGOUSDT−0.152%+0.0100%8h$44K$74K5xas long as short
dYdX ALGO-USD−0.149%+0.1141%1h$161K$6K5xas long as short
GMX ALGO/USD [WBTC.b-USDC]−0.139%L +0.0156% / S −0.0080%1h$5K—100xas long as short
gTrade (Gains Network) ALGO/USD−0.125%L +0.0001% / S +0.0003%1h$7K—150xas long as short
Coinbase International ALGO-PERP-INTX−0.125%+0.0064%1h$61K$398K50xas long as short
Kraken Futures PF_ALGOUSD−0.112%−0.0505%1h$841K$1.7M50xas long as short
Hyperliquid ALGO0.000%+0.0100%1h$3.6M$2.2M5xas long as short
Phemex ALGOUSDTlong0.000%+0.0100%8h$3.9M$1.9M50x
Injective ALGO/USDC PERP+0.624%+0.0033%1h$841$115K12xas long as short