ALGO

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.168%

7d average—if it closes, per $10,000$17funding while held, a day+$2.00

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ALGOUSDT	0.1135	0.0100	pay 0.0100% / 8h	1h 39m	$3.9M	$2.1M	50x
Short	GMX ALGO/USD [WBTC.b-USDC]	0.1133	L +0.0239% / S −0.0167%	get 0.0021% / 1h	39m 51s	$5K	—	100x

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 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee PhemexbpFee GMXbpOrdersClose when spread is

Spread captured: −$16.83
Funding while held: $2
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$38.83
Spread needed to break even: 0.240%

Slippage unknown: Phemex: live order book, 5 min ago; GMX: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0067%
Per $10,000 a day: +$2.00
Average in range /8h: —

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 5 min ago	8.79 bp	31.0 bp −$31	70.3 bp −$703	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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.

ALGO on 22 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Gate ALGO_USDT	−0.326%	+0.0100%	8h	$856K	$1.2M	50x	as long as short
Kraken Futures PF_ALGOUSD	−0.296%	−0.1340%	1h	$864K	$1.9M	50x	as long as short
Deribit ALGO_USDC-PERPETUAL	−0.273%	−0.0280%	1h	$102K	$60K	25x	as long as short
Bybit ALGOUSDT	−0.264%	+0.0100%	8h	$11.7M	$14.3M	75x	as long as short
Extended ALGO-USD	−0.237%	+0.0104%	1h	$13K	$248K	10x	as long as short
Aster ALGOUSDT	−0.227%	+0.0100%	8h	$43K	$93K	5x	as long as short
KuCoin ALGOUSDTM	−0.211%	+0.0100%	8h	$3.7M	$1.8M	50x	as long as short
gTrade (Gains Network) ALGO/USD	−0.204%	L +0.0001% / S +0.0003%	1h	$7K	—	150x	as long as short
MEXC ALGO_USDT	−0.203%	+0.0100%	8h	$21.9M	$4.2M	200x	as long as short
BingX ALGO-USDT	−0.203%	+0.0100%	8h	—	$3.3M	—	as long as short

Show all 22 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
OKX ALGO-USDT-SWAP	−0.176%	+0.0100%	8h	$3.1M	$11.1M	50x	as long as short
Variational Omni ALGO	−0.174%	+0.0100%	8h	$62K	$193K	—	as long as short
Binance ALGOUSDT	−0.173%	+0.0100%	8h	$10.5M	$42.6M	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]short	−0.168%	L +0.0239% / S −0.0167%	1h	$5K	—	100x
HTX ALGO-USDT	−0.132%	+0.0100%	8h	$67K	$130K	75x	as long as short
Bitget ALGOUSDT	−0.088%	+0.0100%	8h	$5.7M	$4.5M	75x	as long as short
BloFin ALGO-USDT	−0.026%	+0.0220%	8h	$526K	$747K	75x	as long as short
dYdX ALGO-USD	−0.017%	+0.0135%	1h	$163K	$6K	5x	as long as short
Hyperliquid ALGO	−0.009%	+0.0100%	1h	$3.9M	$2.9M	5x	as long as short
Phemex ALGOUSDTlong	0.000%	+0.0100%	8h	$3.9M	$2.1M	50x
Coinbase International ALGO-PERP-INTX	+0.070%	+0.0016%	1h	$69K	$506K	50x	as long as short
Injective ALGO/USDC PERP	+1.674%	−0.0120%	1h	$859	$100K	12x	as long as short