Spread before costs (cost unknown: a leg has no order-book sample)−0.139%
7d average—if it closes, per $10,000$14funding while held, a day−$0.01
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MORPHOUSDT | 2.7111 | 0.0100 | pay 0.0050% / 4h | 2h 39m | $59K | $32K | 20x |
| Short | Paradex MORPHO-USD-PERP | 2.7073 | 0.0100 | get 0.0100% / 8h | 6h 39m | $5K | $3 | 5x |
Aster MORPHOUSDT
Paradex MORPHO-USD-PERPPrice 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
- −$13.91
- Funding while held
- −$0.01
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$25.92
- Spread needed to break even
- 0.120%
Slippage unknown: Aster: no order-book sample; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- −$0.01
- 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 Paradex no order-book sample | — | — | — | — | — |
Aster and Paradex: 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 Exchange2.7024cheapestGate2.7067+0.159%Polymarket Perps2.7073+0.181%
Gate
Polymarket PerpsParadex2.7073+0.182%
Reya2.7082+0.213%BloFin2.7085+0.226%Orderly2.7088+0.237%MEXC2.7090+0.244%Variational Omni2.7091+0.250%Kraken Futures2.7093+0.255%Coinbase International2.7093+0.255%Phoenix2.7094+0.259%SoDEX2.7095+0.263%Extended2.7098+0.274%Binance2.7099+0.278%Bitget2.7099+0.278%Bybit2.7100+0.281%Deribit2.7103+0.292%BingX2.7107+0.307%KuCoin2.7108+0.311%
Reya
BloFin
Orderly
MEXC
Variational Omni
Kraken Futures
Coinbase International
Phoenix
SoDEX
Extended
Binance
Bitget
Bybit
Deribit
BingX
KuCoinAster2.7111+0.322%
OKX2.7120+0.355%Lighter2.7120+0.356%GMX2.7125+0.372%Injective2.7130+0.392%Hyperliquid2.7162+0.511%
OKX
Lighter
GMX
Injective
HyperliquidMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.321% | −0.0968% | 1h | $888 | $11K | 5x | as long as short |
| Gate MORPHO_USDT | −0.162% | −0.0554% | 4h | $764K | $539K | 50x | as long as short |
| Polymarket Perps MORPHO-USD | −0.140% | −0.0449% | 1h | $27K | $2.8M | 5x | as long as short |
| Paradex MORPHO-USD-PERPshort | −0.139% | +0.0100% | 8h | $5K | $3 | 5x | |
| Reya MORPHORUSDPERP | −0.108% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| BloFin MORPHO-USDT | −0.096% | −0.0155% | 4h | $675K | $222K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.084% | −0.0179% | 4h | $10K | $34K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.077% | −0.0004% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Variational Omni MORPHO | −0.072% | +0.0100% | 4h | $662K | $1.4M | — | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.067% | −0.0922% | 1h | $93K | $174K | 20x | as long as short |