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)+0.513%
7d average+0.146%if it closes, per $10,000$51funding while held, a day+$0.00
Long on Variational OmniShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ALGO0.11180.0100pay 0.0100% / 8h7h 30m$65K$195K—
ShortHyperliquid ALGO0.11240.0100get 0.0013% / 1h30m 58s$3.6M$2.4M5x

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
$51.34
Funding while held
$0
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$42.34
Spread needed to break even
0.090%
Slippage unknown: Variational Omni: RFQ quote, 14 min ago; Hyperliquid: live order book, 2 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 Variational Omni RFQ quote, 14 min ago4.47 bpdoesn't fit49.2 bp −$492doesn't fitdoesn't fit
Sell Hyperliquid live order book, 2 min ago1.34 bp9.7 bp −$10doesn't fitdoesn't fitdoesn't fit

ALGO price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni0.1118cheapest
HTX0.1119+0.102%Coinbase International0.1119+0.156%dYdX0.1120+0.209%BloFin0.1120+0.227%Bybit0.1120+0.245%OKX0.1121+0.290%Gate0.1121+0.317%Binance0.1122+0.338%BingX0.1122+0.343%Extended0.1122+0.361%MEXC0.1122+0.361%KuCoin0.1122+0.361%Bitget0.1122+0.379%Aster0.1122+0.389%GMX0.1123+0.436%gTrade (Gains Network)0.1123+0.443%Kraken Futures0.1123+0.452%Deribit0.1123+0.469%
Hyperliquid0.1124+0.513%
Phemex0.1125+0.648%Injective0.1129+1.005%

ALGO on 22 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni ALGOlong0.000%+0.0100%8h$65K$195K—
HTX ALGO-USDT+0.102%+0.0100%8h$66K$113K75xas long as short
Coinbase International ALGO-PERP-INTX+0.156%+0.0064%1h$61K$415K50xas long as short
dYdX ALGO-USD+0.209%+0.0882%1h$161K$6K5xas long as short
BloFin ALGO-USDT+0.227%+0.0220%8h$511K$780K75xas long as short
Bybit ALGOUSDT+0.245%−0.0018%8h$11.4M$13.3M75xas long as short
OKX ALGO-USDT-SWAP+0.290%+0.0100%8h$3.0M$9.0M50xas long as short
Gate ALGO_USDT+0.317%+0.0100%8h$847K$936K50xas long as short
Binance ALGOUSDT+0.338%+0.0100%8h$10.4M$37.2M75xas long as short
BingX ALGO-USDT+0.343%+0.0100%8h—$3.1M—as long as short
Show all 22 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended ALGO-USD+0.361%+0.0104%1h$6K$207K10xas long as short
MEXC ALGO_USDT+0.361%+0.0100%8h$22.3M$3.4M200xas long as short
KuCoin ALGOUSDTM+0.361%+0.0100%8h$3.6M$1.8M50xas long as short
Bitget ALGOUSDT+0.379%+0.0100%8h$5.6M$4.0M75xas long as short
Aster ALGOUSDT+0.389%+0.0100%8h$44K$80K5xas long as short
GMX ALGO/USD [WBTC.b-USDC]+0.436%L +0.0157% / S −0.0081%1h$5K—100xas long as short
gTrade (Gains Network) ALGO/USD+0.443%L +0.0001% / S +0.0003%1h$7K—150xas long as short
Kraken Futures PF_ALGOUSD+0.452%−0.0504%1h$843K$1.7M50xas long as short
Deribit ALGO_USDC-PERPETUAL+0.469%−0.0106%1h$102K$55K25xas long as short
Hyperliquid ALGOshort+0.513%+0.0100%1h$3.6M$2.4M5x
Phemex ALGOUSDT+0.648%+0.0240%8h$3.9M$1.9M50xas long as short
Injective ALGO/USDC PERP+1.005%+0.0033%1h$841$115K12xas long as short