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)+0.375%
7d average+0.013%if it closes, per $10,000$38funding while held, a day+$0.64
Long on Variational OmniShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ALGO0.11100.0079pay 0.0079% / 8h6h 35m$64K$102K—
ShortGate ALGO_USDT0.11140.0100get 0.0100% / 8h6h 35m$840K$907K50x

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
$37.54
Funding while held
$0.64
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$23.18
Spread needed to break even
0.150%
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Gate: live order book, 13 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0021%
Per $10,000 a day
+$0.64
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 Variational Omni RFQ quote, 5 min ago4.51 bpdoesn't fit31.6 bp −$316doesn't fitdoesn't fit
Sell Gate live order book, 13 min ago5.37 bp45.7 bp −$46589.3 bp −$5,893doesn't fitdoesn't fit

ALGO price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni0.1110cheapest
HTX0.1114+0.339%BingX0.1114+0.348%OKX0.1114+0.375%
Gate0.1114+0.375%
BloFin0.1114+0.393%Binance0.1114+0.395%dYdX0.1114+0.408%Kraken Futures0.1115+0.416%Bybit0.1115+0.429%Deribit0.1115+0.438%Bitget0.1115+0.456%KuCoin0.1115+0.484%Aster0.1115+0.490%GMX0.1115+0.495%gTrade (Gains Network)0.1116+0.518%Extended0.1116+0.524%MEXC0.1116+0.556%Hyperliquid0.1116+0.592%Phemex0.1117+0.637%Coinbase International0.1124+1.240%Injective0.1129+1.718%

ALGO on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni ALGOlong0.000%+0.0079%8h$64K$102K—
HTX ALGO-USDT+0.339%+0.0100%8h$66K$107K75xas long as short
BingX ALGO-USDT+0.348%+0.0100%8h—$3.1M—as long as short
OKX ALGO-USDT-SWAP+0.375%+0.0100%8h$3.0M$8.5M50xas long as short
Gate ALGO_USDTshort+0.375%+0.0100%8h$840K$907K50x
BloFin ALGO-USDT+0.393%+0.0220%8h$511K$772K75xas long as short
Binance ALGOUSDT+0.395%+0.0100%8h$10.3M$36.2M75xas long as short
dYdX ALGO-USD+0.408%+0.1958%1h$160K$6K5xas long as short
Kraken Futures PF_ALGOUSD+0.416%−0.0193%1h$825K$1.6M50xas long as short
Bybit ALGOUSDT+0.429%−0.0014%8h$11.3M$12.7M75xas long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Deribit ALGO_USDC-PERPETUAL+0.438%−0.0019%1h$101K$55K25xas long as short
Bitget ALGOUSDT+0.456%+0.0100%8h$5.7M$3.9M75xas long as short
KuCoin ALGOUSDTM+0.484%+0.0100%8h$3.5M$1.7M50xas long as short
Aster ALGOUSDT+0.490%+0.0100%8h$44K$74K5xas long as short
GMX ALGO/USD [WBTC.b-USDC]+0.495%L +0.0156% / S −0.0079%1h$5K—100xas long as short
gTrade (Gains Network) ALGO/USD+0.518%L +0.0001% / S +0.0003%1h$7K—150xas long as short
Extended ALGO-USD+0.524%+0.0104%1h$6K$207K10xas long as short
MEXC ALGO_USDT+0.556%+0.0100%8h$22.1M$3.2M200xas long as short
Hyperliquid ALGO+0.592%+0.0100%1h$3.6M$2.1M5xas long as short
Phemex ALGOUSDT+0.637%+0.0100%8h$3.8M$1.8M50xas long as short
Coinbase International ALGO-PERP-INTX+1.240%+0.0048%1h$61K$394K50xas long as short
Injective ALGO/USDC PERP+1.718%+0.0033%1h$841$115K12xas long as short