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−$147
spread now−0.255%7d average−0.057%fees + slippage, in and out−$127spread needed1.269%
Long on PhemexShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ALGOUSDT0.11430.0100pay 0.0100% / 8h1h 36m$4.0M$2.1M50x
ShortKraken Futures PF_ALGOUSD0.1140−0.1330pay 0.0166% / 1h36m 12s$871K$1.9M50x

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
−$25.46
Funding while held
−$42.9
Slippage, 4 orders
−$104.94
Fee Phemex: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$195.3
Spread needed to break even
1.269%
Slippage from Phemex: live order book, 4 min ago; Kraken Futures: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.1430%
Per $10,000 a day
−$42.90
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 ago8.80 bp35.7 bp −$3669.5 bp −$695doesn't fitdoesn't fit
Sell Kraken Futures live order book, 4 min ago11.90 bp32.1 bp −$3272.1 bp −$721doesn't fitdoesn't fit

ALGO price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni0.1133cheapestCoinbase International0.1139+0.483%dYdX0.1139+0.503%BloFin0.1139+0.528%Bybit0.1139+0.545%OKX0.1139+0.572%BingX0.1140+0.598%Gate0.1140+0.607%Bitget0.1140+0.616%Deribit0.1140+0.616%
Kraken Futures0.1140+0.624%
MEXC0.1140+0.625%Extended0.1140+0.626%GMX0.1140+0.650%Binance0.1140+0.660%gTrade (Gains Network)0.1141+0.663%HTX0.1141+0.704%KuCoin0.1141+0.713%Aster0.1142+0.767%Hyperliquid0.1142+0.786%
Phemex0.1143+0.881%
Injective0.1154+1.851%

ALGO on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni ALGO−0.873%+0.0100%8h$62K$193K—as long as short
Coinbase International ALGO-PERP-INTX−0.394%+0.0016%1h$69K$507K50xas long as short
dYdX ALGO-USD−0.374%+0.0254%1h$163K$6K5xas long as short
BloFin ALGO-USDT−0.350%+0.0220%8h$523K$751K75xas long as short
Bybit ALGOUSDT−0.332%+0.0100%8h$11.8M$14.3M75xas long as short
OKX ALGO-USDT-SWAP−0.306%+0.0100%8h$3.1M$11.2M50xas long as short
BingX ALGO-USDT−0.280%+0.0100%8h—$3.3M—as long as short
Gate ALGO_USDT−0.271%+0.0100%8h$863K$1.2M50xas long as short
Bitget ALGOUSDT−0.262%+0.0100%8h$5.7M$4.5M75xas long as short
Deribit ALGO_USDC-PERPETUAL−0.262%−0.0188%1h$103K$60K25xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_ALGOUSDshort−0.255%−0.1330%1h$871K$1.9M50x
MEXC ALGO_USDT−0.254%+0.0100%8h$22.3M$4.2M200xas long as short
Extended ALGO-USD−0.253%+0.0104%1h$13K$248K10xas long as short
GMX ALGO/USD [WBTC.b-USDC]−0.228%L +0.0239% / S −0.0167%1h$5K—100xas long as short
Binance ALGOUSDT−0.219%+0.0100%8h$10.6M$42.6M75xas long as short
gTrade (Gains Network) ALGO/USD−0.215%L +0.0001% / S +0.0003%1h$7K—150xas long as short
HTX ALGO-USDT−0.175%+0.0100%8h$67K$131K75xas long as short
KuCoin ALGOUSDTM−0.166%+0.0100%8h$3.8M$1.8M50xas long as short
Aster ALGOUSDT−0.113%+0.0100%8h$43K$93K5xas long as short
Hyperliquid ALGO−0.094%+0.0100%1h$3.9M$2.9M5xas long as short
Phemex ALGOUSDTlong0.000%+0.0100%8h$4.0M$2.1M50x
Injective ALGO/USDC PERP+0.962%−0.0120%1h$859$100K12xas long as short