data as of
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Price arb /

ALGO

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Spread before costs (cost unknown: a leg has no order-book sample)−0.382%
7d average−0.208%if it closes, per $10,000$38funding while held, a day+$0.00
Long on PhemexShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ALGOUSDT0.11390.0100pay 0.0100% / 8h1h 45m$4.0M$2.1M50x
ShortVariational Omni ALGO0.11350.0100get 0.0100% / 8h1h 45m$63K$193K—

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
−$38.2
Funding while held
$0
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$50.2
Spread needed to break even
0.120%
Slippage unknown: Phemex: live order book, 4 min ago; Variational Omni: RFQ quote, 10 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
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 ago8.75 bp34.7 bp −$3573.1 bp −$731doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 10 min ago8.73 bpdoesn't fit34.9 bp −$349doesn't fitdoesn't fit

ALGO price on every exchange

against the cheapest. Click to use as the short leg.
Bybit0.1134cheapest
Variational Omni0.1135+0.093%
dYdX0.1135+0.098%Gate0.1135+0.124%Binance0.1135+0.139%Extended0.1136+0.184%gTrade (Gains Network)0.1136+0.201%OKX0.1136+0.203%HTX0.1136+0.203%Bitget0.1136+0.212%MEXC0.1136+0.221%BingX0.1136+0.221%GMX0.1136+0.225%KuCoin0.1136+0.229%Deribit0.1136+0.238%Aster0.1136+0.248%Kraken Futures0.1137+0.275%Hyperliquid0.1138+0.353%BloFin0.1139+0.459%
Phemex0.1139+0.476%
Coinbase International0.1140+0.529%Injective0.1154+1.800%

ALGO on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit ALGOUSDT−0.474%+0.0100%8h$11.8M$14.3M75xas long as short
Variational Omni ALGOshort−0.382%+0.0100%8h$63K$193K—
dYdX ALGO-USD−0.376%+0.0074%1h$163K$6K5xas long as short
Gate ALGO_USDT−0.351%+0.0100%8h$859K$1.2M50xas long as short
Binance ALGOUSDT−0.336%+0.0100%8h$10.6M$42.6M75xas long as short
Extended ALGO-USD−0.291%+0.0104%1h$13K$248K10xas long as short
gTrade (Gains Network) ALGO/USD−0.274%L +0.0001% / S +0.0003%1h$7K—150xas long as short
OKX ALGO-USDT-SWAP−0.272%+0.0100%8h$3.1M$11.2M50xas long as short
HTX ALGO-USDT−0.272%+0.0100%8h$67K$130K75xas long as short
Bitget ALGOUSDT−0.263%+0.0100%8h$5.7M$4.5M75xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC ALGO_USDT−0.255%+0.0100%8h$21.9M$4.2M200xas long as short
BingX ALGO-USDT−0.255%+0.0100%8h—$3.3M—as long as short
GMX ALGO/USD [WBTC.b-USDC]−0.250%L +0.0239% / S −0.0167%1h$5K—100xas long as short
KuCoin ALGOUSDTM−0.246%+0.0100%8h$3.7M$1.9M50xas long as short
Deribit ALGO_USDC-PERPETUAL−0.237%−0.0190%1h$103K$60K25xas long as short
Aster ALGOUSDT−0.227%+0.0100%8h$43K$93K5xas long as short
Kraken Futures PF_ALGOUSD−0.200%−0.1334%1h$868K$1.9M50xas long as short
Hyperliquid ALGO−0.123%+0.0100%1h$3.8M$3.0M5xas long as short
BloFin ALGO-USDT−0.018%+0.0220%8h$534K$748K75xas long as short
Phemex ALGOUSDTlong0.000%+0.0100%8h$4.0M$2.1M50x
Coinbase International ALGO-PERP-INTX+0.053%+0.0016%1h$69K$508K50xas long as short
Injective ALGO/USDC PERP+1.317%−0.0120%1h$859$100K12xas long as short