Spread before costs (cost unknown: a leg has no order-book sample)−0.114%
7d average—if it closes, per $10,000$11funding while held, a day−$52.74
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MORPHOUSDT | 2.6955 | 0.0100 | pay 0.0050% / 4h | 58m 21s | $59K | $33K | 20x |
| Short | Kraken Futures PF_MORPHOUSD | 2.6924 | −0.1658 | pay 0.0207% / 1h | 58m 21s | $85K | $164K | 20x |
Aster MORPHOUSDT
Kraken Futures PF_MORPHOUSDPrice 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
- −$11.35
- Funding while held
- −$52.74
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$82.1
- Spread needed to break even
- 0.180%
Slippage unknown: Aster: no order-book sample; Kraken Futures: live order book, 35 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.1758%
- Per $10,000 a day
- −$52.74
- 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 Kraken Futures live order book, 35 min ago | 21.67 bp | 48.8 bp −$49 | 140.6 bp −$1,406 | 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.Injective2.6760cheapest01 Exchange2.6916+0.583%
InjectiveKraken Futures2.6924+0.614%
Polymarket Perps2.6931+0.639%Paradex2.6931+0.640%Orderly2.6934+0.650%Reya2.6935+0.653%Binance2.6936+0.658%MEXC2.6937+0.661%Extended2.6937+0.663%BloFin2.6945+0.691%Bybit2.6948+0.703%Bitget2.6949+0.706%BingX2.6949+0.706%
Polymarket Perps
Paradex
Orderly
Reya
Binance
MEXC
Extended
BloFin
Bybit
Bitget
BingXAster2.6955+0.728%
SoDEX2.6955+0.729%GMX2.6962+0.756%OKX2.6968+0.777%Gate2.6970+0.785%KuCoin2.6971+0.788%Deribit2.6974+0.800%Variational Omni2.6976+0.806%Phoenix2.6992+0.867%Lighter2.6994+0.875%Hyperliquid2.7014+0.949%Coinbase International2.7014+0.949%
SoDEX
GMX
OKX
Gate
KuCoin
Deribit
Variational Omni
Phoenix
Lighter
Hyperliquid
Coinbase InternationalMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −0.723% | −0.0114% | 1h | $37 | $39K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.144% | −0.0512% | 1h | $884 | $12K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSDshort | −0.114% | −0.1658% | 1h | $85K | $164K | 20x | |
| Polymarket Perps MORPHO-USD | −0.088% | −0.0353% | 1h | $24K | $2.2M | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.088% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.077% | −0.0211% | 4h | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.074% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Binance MORPHOUSDT | −0.070% | +0.0100% | 4h | $16.6M | $27.0M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.066% | +0.0100% | 4h | $5.1M | $1.1M | 100x | as long as short |
| Extended MORPHO-USD | −0.064% | +0.0104% | 1h | $101K | $304K | 10x | as long as short |