Entry cost

Cost to open and close $10k of MORPHO, by exchange.

AssetTypeSize15 of 26 venues priced · CSV

Exchange	Half-spread	Buy	Sell	Taker fee	Round trip	In $	Measured up to	Max lev	Median 24h	Median 7d	p10–p90 7d
MEXC MORPHO_USDT · live order book, 2 min agocheapest	0.54 bp	6.3 bp	6.4 bp	2.00 bp	12.7 bp	−$13	$1.4M	100x	9.2 bp	8.7 bp	6.9–10.9 bp
Polymarket Perps MORPHO-USD · live order book, 4 min ago	1.99 bp	9.0 bp	6.3 bp	4.00 bp	15.3 bp	−$15	$144K	5x	7.0 bp	7.0 bp	4.8–9.6 bp
Lighter MORPHO · live order book, 50 min ago	2.58 bp	4.8 bp	15.9 bp	0.00 bp	20.7 bp	−$21	$381K	5x	26.7 bp	33.4 bp	25.5–77.0 bp
Hyperliquid MORPHO · live order book, 2 min ago	1.80 bp	7.8 bp	15.3 bp	4.50 bp	23.1 bp	−$23	$13K	5x	23.4 bp	23.0 bp	15.7–32.7 bp
BloFin MORPHO-USDT · live order book, 52 min ago	0.54 bp	12.2 bp	13.3 bp	6.00 bp	25.5 bp	−$25	$225K	20x	20.4 bp	21.5 bp	10.0–29.2 bp
Phoenix MORPHO · live order book, 58 min ago	1.08 bp	13.1 bp	13.1 bp	3.50 bp	26.1 bp	−$26	$349K	5x	19.0 bp	19.0 bp	18.8–19.3 bp
Binance MORPHOUSDT · live order book, 11 min ago	1.08 bp	14.8 bp	14.0 bp	5.00 bp	28.8 bp	−$29	$546K	75x	21.9 bp	22.2 bp	16.0–28.8 bp
BingX MORPHO-USDT · live order book, 7 min ago	2.70 bp	16.6 bp	17.0 bp	5.00 bp	33.7 bp	−$34	$13.8M	—	25.9 bp	24.6 bp	21.1–29.3 bp
OKX MORPHO-USDT-SWAP · live order book, 3 min ago	4.34 bp	17.5 bp	19.9 bp	5.00 bp	37.4 bp	−$37	$112K	20x	32.3 bp	31.6 bp	24.7–38.4 bp
Extended MORPHO-USD · live order book, 57 min ago	1.98 bp	22.0 bp	22.0 bp	2.50 bp	43.9 bp	−$44	$463K	10x	40.1 bp	40.1 bp	37.9–44.7 bp
Bitget MORPHOUSDT · live order book, 3 min ago	7.41 bp	20.5 bp	24.8 bp	6.00 bp	45.3 bp	−$45	$197K	75x	37.3 bp	37.3 bp	24.8–47.2 bp
Bybit MORPHOUSDT · live order book, 3 min ago	5.43 bp	20.9 bp	27.5 bp	5.50 bp	48.4 bp	−$48	$301K	25x	33.0 bp	32.0 bp	24.5–39.4 bp
Gate MORPHO_USDT · live order book, 57 min ago	11.71 bp	39.5 bp	33.3 bp	7.50 bp	72.8 bp	−$73	$136K	50x	183.5 bp	159.7 bp	97.3–196.9 bp
Kraken Futures PF_MORPHOUSD · live order book, 57 min ago	45.11 bp	53.1 bp	54.1 bp	5.00 bp	107.2 bp	−$107	$119K	20x	107.0 bp	99.4 bp	70.9–160.8 bp
KuCoin MORPHOUSDTM · live order book, 19 min ago	16.85 bp	78.6 bp	90.9 bp	6.00 bp	169.4 bp	−$169	$125K	50x	231.3 bp	218.4 bp	170.3–289.0 bp
Variational Omni MORPHO	6.35 bp	the book does not hold this size
Coinbase International MORPHO-PERP-INTX	—	below $100k OI and volume: not sampled
Aster MORPHOUSDT	—	below $100k OI and volume: not sampled
SoDEX MORPHO-USD	—	below $100k OI and volume: not sampled
Deribit MORPHO_USDC-PERPETUAL	—	below $100k OI and volume: not sampled
Orderly PERP_MORPHO_USDC	—	below $100k OI and volume: not sampled
Paradex MORPHO-USD-PERP	—	below $100k OI and volume: not sampled
GMX MORPHO/USD [ETH-USDC]	—	oracle execution: slippage not modeled, see the exchange's docs
01 Exchange MORPHOUSD	—	below $100k OI and volume: not sampled
Injective MORPHO/USDC PERP	—	no order-book sample in the last 90 minutes
Reya MORPHORUSDPERP	—	no public order book; price impact follows the exchange's formula

Slippage is the average fill price of a market order walking the book against the mid; the half-spread is part of it. Fees are each exchange's base taker tier. Exchanges that fill at an oracle price (GMX, Avantis, Jupiter) charge price impact by formula and are not modeled. RFQ exchanges (Variational) quote only $1k, $100k and $1M.