Spread before costs (cost unknown: a leg has no order-book sample)−0.183%
7d average—if it closes, per $10,000$18funding while held, a day−$2.76
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MORPHOUSDT | 2.7122 | 0.0100 | pay 0.0050% / 4h | 2h 42m | $59K | $32K | 20x |
| Short | Extended MORPHO-USD | 2.7072 | 0.0008 | get 0.0001% / 1h | 42m 00s | $102K | $304K | 10x |
Aster MORPHOUSDT
Extended MORPHO-USDPrice 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
- −$18.35
- Funding while held
- −$2.76
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$34.11
- Spread needed to break even
- 0.130%
Slippage unknown: Aster: no order-book sample; Extended: live order book, 62 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0092%
- Per $10,000 a day
- −$2.76
- 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 Extended live order book, 62 min ago | 3.11 bp | 21.8 bp −$22 | 157.7 bp −$1,577 | doesn't fit | doesn't fit |
Aster: 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 Exchange2.7030cheapestGate2.7059+0.107%Binance2.7062+0.119%Paradex2.7065+0.129%SoDEX2.7068+0.141%
Gate
Binance
Paradex
SoDEXExtended2.7072+0.155%
BingX2.7074+0.163%Orderly2.7077+0.174%Bybit2.7080+0.185%MEXC2.7081+0.189%Polymarket Perps2.7082+0.192%Deribit2.7086+0.207%OKX2.7090+0.222%Kraken Futures2.7094+0.235%Reya2.7094+0.236%KuCoin2.7098+0.252%Lighter2.7113+0.306%Bitget2.7113+0.307%
BingX
Orderly
Bybit
MEXC
Polymarket Perps
Deribit
OKX
Kraken Futures
Reya
KuCoin
Lighter
BitgetAster2.7122+0.339%
Coinbase International2.7122+0.340%GMX2.7123+0.345%Hyperliquid2.7129+0.366%Injective2.7130+0.370%BloFin2.7134+0.385%Phoenix2.7165+0.499%Variational Omni2.7211+0.669%
Coinbase International
GMX
Hyperliquid
Injective
BloFin
Phoenix
Variational OmniMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.338% | −0.0952% | 1h | $888 | $11K | 5x | as long as short |
| Gate MORPHO_USDT | −0.231% | −0.0556% | 4h | $763K | $538K | 50x | as long as short |
| Binance MORPHOUSDT | −0.219% | +0.0007% | 4h | $16.7M | $28.9M | 75x | as long as short |
| Paradex MORPHO-USD-PERP | −0.210% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| SoDEX MORPHO-USD | −0.198% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Extended MORPHO-USDshort | −0.183% | +0.0008% | 1h | $102K | $304K | 10x | |
| BingX MORPHO-USDT | −0.176% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| Orderly PERP_MORPHO_USDC | −0.165% | −0.0175% | 4h | $10K | $34K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.154% | −0.0111% | 4h | $8.9M | $10.7M | 25x | as long as short |
| MEXC MORPHO_USDT | −0.150% | +0.0006% | 4h | $4.8M | $1.2M | 100x | as long as short |