Spread before costs (cost unknown: a leg has no order-book sample)−0.044%
7d average—if it closes, per $10,000$4funding while held, a day+$23.91
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MORPHOUSDT | 2.7374 | 0.0100 | pay 0.0050% / 4h | 3h 33m | $60K | $34K | 20x |
| Short | GMX MORPHO/USD [ETH-USDC] | 2.7362 | L +0.0197% / S −0.0897% | get 0.0112% / 1h | 33m 49s | $2K | — | 100x |
Aster MORPHOUSDT
GMX MORPHO/USD [ETH-USDC]Price 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
- −$4.41
- Funding while held
- $23.91
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$0.49
- Spread needed to break even
- 0.200%
Slippage unknown: Aster: no order-book sample; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0797%
- Per $10,000 a day
- +$23.91
- 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 GMX no order-book sample | — | — | — | — | — |
Aster and GMX: 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.Injective2.7130cheapestCoinbase International2.7275+0.534%01 Exchange2.7291+0.593%Polymarket Perps2.7325+0.719%Paradex2.7326+0.723%Reya2.7329+0.734%Extended2.7333+0.749%SoDEX2.7334+0.752%Binance2.7338+0.765%Kraken Futures2.7338+0.768%MEXC2.7339+0.770%Orderly2.7339+0.770%Deribit2.7340+0.774%OKX2.7346+0.796%BloFin2.7347+0.800%BingX2.7348+0.804%Bybit2.7350+0.811%Bitget2.7352+0.818%Gate2.7361+0.851%
Injective
Coinbase International
Polymarket Perps
Paradex
Reya
Extended
SoDEX
Binance
Kraken Futures
MEXC
Orderly
Deribit
OKX
BloFin
BingX
Bybit
Bitget
GateGMX2.7362+0.855%
Variational Omni2.7369+0.881%
Variational OmniAster2.7374+0.899%
Lighter2.7381+0.924%KuCoin2.7382+0.929%Phoenix2.7416+1.054%Hyperliquid2.7418+1.062%
Lighter
KuCoin
Phoenix
HyperliquidMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −0.891% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.362% | −0.0256% | 1h | $79K | $52K | 25x | as long as short |
| 01 Exchange MORPHOUSD | −0.303% | −0.0664% | 1h | $897 | $9K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.179% | −0.0240% | 1h | $27K | $3.0M | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.174% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.164% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Extended MORPHO-USD | −0.149% | +0.0104% | 1h | $103K | $304K | 10x | as long as short |
| SoDEX MORPHO-USD | −0.146% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Binance MORPHOUSDT | −0.133% | +0.0100% | 4h | $16.9M | $30.5M | 75x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.130% | −0.1052% | 1h | $99K | $183K | 20x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC MORPHO_USDT | −0.128% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.128% | −0.0133% | 4h | $11K | $34K | 10x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.124% | −0.1211% | 1h | $11K | $443 | 10x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.102% | +0.0100% | 4h | $3.2M | $5.6M | 20x | as long as short |
| BloFin MORPHO-USDT | −0.099% | −0.0200% | 4h | $677K | $244K | 20x | as long as short |
| BingX MORPHO-USDT | −0.095% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| Bybit MORPHOUSDT | −0.088% | +0.0098% | 4h | $9.0M | $11.2M | 25x | as long as short |
| Bitget MORPHOUSDT | −0.080% | +0.0100% | 4h | $3.0M | $2.6M | 75x | as long as short |
| Gate MORPHO_USDT | −0.047% | −0.0320% | 4h | $767K | $574K | 50x | as long as short |
| GMX MORPHO/USD [ETH-USDC]short | −0.044% | L +0.0197% / S −0.0897% | 1h | $2K | — | 100x | |
| Variational Omni MORPHO | −0.018% | +0.0100% | 4h | $670K | $1.4M | — | as long as short |
| Aster MORPHOUSDTlong | 0.000% | +0.0100% | 4h | $60K | $34K | 20x | |
| Lighter MORPHO | +0.024% | +0.0096% | 1h | $321K | $474K | 5x | as long as short |
| KuCoin MORPHOUSDTM | +0.029% | +0.0100% | 4h | $663K | $380K | 50x | as long as short |
| Phoenix MORPHO | +0.153% | −0.0146% | 1h | $35K | $554K | 5x | as long as short |
| Hyperliquid MORPHO | +0.161% | +0.0132% | 1h | $6.7M | $8.1M | 5x | as long as short |