Spread before costs (cost unknown: a leg has no order-book sample)−0.074%
7d average—if it closes, per $10,000$7funding while held, a day−$13.08
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MORPHOUSDT | 2.6729 | 0.0100 | pay 0.0050% / 4h | 2h 01m | $58K | $31K | 20x |
| Short | Coinbase International MORPHO-PERP-INTX | 2.6709 | −0.0336 | pay 0.0042% / 1h | 1m 07s | $77K | $47K | 25x |
Aster MORPHOUSDT
Coinbase International MORPHO-PERP-INTXPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$7.35
- Funding while held
- −$13.08
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$38.43
- Spread needed to break even
- 0.180%
Slippage unknown: Aster: no order-book sample; Coinbase International: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0436%
- Per $10,000 a day
- −$13.08
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Aster no order-book sample | — | — | — | — | — |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Aster and Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange2.6686cheapest
Coinbase International2.6709+0.086%
Phoenix2.6710+0.090%Gate2.6717+0.116%Polymarket Perps2.6724+0.142%KuCoin2.6725+0.146%
Phoenix
Gate
Polymarket Perps
KuCoinAster2.6729+0.160%
Kraken Futures2.6732+0.172%Variational Omni2.6732+0.173%Paradex2.6736+0.189%Extended2.6738+0.196%Reya2.6743+0.213%Bitget2.6743+0.214%Orderly2.6743+0.214%Binance2.6744+0.217%BingX2.6745+0.221%BloFin2.6745+0.221%MEXC2.6746+0.225%SoDEX2.6747+0.229%OKX2.6755+0.259%Lighter2.6755+0.260%Deribit2.6756+0.262%Bybit2.6760+0.277%GMX2.6771+0.319%Hyperliquid2.6789+0.386%Injective2.7130+1.664%
Kraken Futures
Variational Omni
Paradex
Extended
Reya
Bitget
Orderly
Binance
BingX
BloFin
MEXC
SoDEX
OKX
Lighter
Deribit
Bybit
GMX
Hyperliquid
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.160% | −0.0880% | 1h | $877 | $11K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTXshort | −0.074% | −0.0336% | 1h | $77K | $47K | 25x | |
| Phoenix MORPHO | −0.070% | −0.0059% | 1h | $34K | $517K | 5x | as long as short |
| Gate MORPHO_USDT | −0.044% | −0.0670% | 4h | $766K | $550K | 50x | as long as short |
| Polymarket Perps MORPHO-USD | −0.017% | −0.0472% | 1h | $27K | $2.7M | 5x | as long as short |
| KuCoin MORPHOUSDTM | −0.014% | +0.0100% | 4h | $595K | $346K | 50x | as long as short |
| Aster MORPHOUSDTlong | 0.000% | +0.0100% | 4h | $58K | $31K | 20x | |
| Kraken Futures PF_MORPHOUSD | +0.012% | −0.0935% | 1h | $84K | $167K | 20x | as long as short |
| Variational Omni MORPHO | +0.014% | +0.0080% | 4h | $652K | $1.4M | — | as long as short |
| Paradex MORPHO-USD-PERP | +0.029% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |