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−$87
spread now−0.268%7d average−0.127%fees + slippage, in and out−$73spread needed0.734%
Long on PhemexShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ALGOUSDT0.11210.0643pay 0.0643% / 8h7h 38m$3.8M$1.9M50x
ShortMEXC ALGO_USDT0.11180.0100get 0.0100% / 8h7h 38m$22.2M$3.4M200x

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
−$26.76
Funding while held
−$16.3
Slippage, 4 orders
−$61.37
Fee Phemex: 6 bp × 2 orders
−$12
Fee MEXC: 0 bp × 2 orders
$0
Net
−$116.43
Spread needed to break even
0.734%
Slippage from Phemex: live order book, 2 min ago; MEXC: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
−0.0543%
Per $10,000 a day
−$16.30
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, 2 min ago8.88 bp21.4 bp −$2156.9 bp −$569doesn't fitdoesn't fit
Sell MEXC live order book, 2 min ago1.78 bp5.4 bp −$535.6 bp −$356474.7 bp −$47.5Kdoesn't fit

ALGO price on every exchange

against the cheapest. Click to use as the short leg.
Bybit0.1116cheapestOKX0.1116+0.009%BingX0.1117+0.116%KuCoin0.1118+0.143%
MEXC0.1118+0.179%
Bitget0.1118+0.179%Binance0.1118+0.183%Gate0.1118+0.188%Deribit0.1118+0.188%Extended0.1119+0.228%GMX0.1119+0.232%gTrade (Gains Network)0.1119+0.246%Kraken Futures0.1119+0.250%HTX0.1119+0.296%dYdX0.1119+0.309%Aster0.1120+0.316%Hyperliquid0.1120+0.318%
Phemex0.1121+0.448%
BloFin0.1123+0.609%Variational Omni0.1125+0.783%Coinbase International0.1125+0.789%Injective0.1129+1.165%

ALGO on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit ALGOUSDT−0.446%−0.0073%8h$11.3M$13.4M75xas long as short
OKX ALGO-USDT-SWAP−0.437%+0.0100%8h$3.0M$9.3M50xas long as short
BingX ALGO-USDT−0.330%+0.0100%8h—$3.2M—as long as short
KuCoin ALGOUSDTM−0.303%+0.0100%8h$3.6M$1.8M50xas long as short
MEXC ALGO_USDTshort−0.268%+0.0100%8h$22.2M$3.4M200x
Bitget ALGOUSDT−0.268%+0.0100%8h$5.6M$4.1M75xas long as short
Binance ALGOUSDT−0.263%+0.0100%8h$10.4M$37.9M75xas long as short
Gate ALGO_USDT−0.259%+0.0100%8h$845K$933K50xas long as short
Deribit ALGO_USDC-PERPETUAL−0.259%−0.0197%1h$101K$55K25xas long as short
Extended ALGO-USD−0.219%+0.0104%1h$6K$207K10xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
GMX ALGO/USD [WBTC.b-USDC]−0.215%L +0.0157% / S −0.0081%1h$5K—100xas long as short
gTrade (Gains Network) ALGO/USD−0.201%L +0.0001% / S +0.0003%1h$7K—150xas long as short
Kraken Futures PF_ALGOUSD−0.197%−0.0506%1h$842K$1.8M50xas long as short
HTX ALGO-USDT−0.152%+0.0100%8h$66K$114K75xas long as short
dYdX ALGO-USD−0.139%+0.0815%1h$160K$6K5xas long as short
Aster ALGOUSDT−0.131%+0.0100%8h$42K$80K5xas long as short
Hyperliquid ALGO−0.129%+0.0100%1h$3.6M$2.4M5xas long as short
Phemex ALGOUSDTlong0.000%+0.0643%8h$3.8M$1.9M50x
BloFin ALGO-USDT+0.161%+0.0220%8h$510K$800K75xas long as short
Variational Omni ALGO+0.333%+0.0100%8h$65K$195K—as long as short
Coinbase International ALGO-PERP-INTX+0.339%+0.0064%1h$61K$434K50xas long as short
Injective ALGO/USDC PERP+0.714%+0.0033%1h$841$115K12xas long as short