Spread before costs (cost unknown: a leg has no order-book sample)−0.137%
7d average—if it closes, per $10,000$14funding while held, a day−$13.99
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MORPHOUSDT | 2.7376 | 0.0100 | pay 0.0050% / 4h | 21m 28s | $60K | $34K | 20x |
| Short | Polymarket Perps MORPHO-USD | 2.7338 | −0.0366 | pay 0.0046% / 1h | 21m 28s | $31K | $3.0M | 5x |
Aster MORPHOUSDT
Polymarket Perps 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
- −$13.75
- Funding while held
- −$13.99
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$43.74
- Spread needed to break even
- 0.160%
Slippage unknown: Aster: no order-book sample; Polymarket Perps: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0466%
- Per $10,000 a day
- −$13.99
- 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 Polymarket Perps live order book, 4 min ago | 2.38 bp | 6.7 bp −$7 | 9.0 bp −$90 | 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.Injective2.7130cheapest01 Exchange2.7270+0.516%Variational Omni2.7293+0.600%Paradex2.7304+0.642%Extended2.7322+0.709%Binance2.7325+0.718%MEXC2.7327+0.726%Reya2.7329+0.732%Kraken Futures2.7331+0.742%Orderly2.7332+0.745%BingX2.7334+0.752%
Injective
Variational Omni
Paradex
Extended
Binance
MEXC
Reya
Kraken Futures
Orderly
BingXPolymarket Perps2.7338+0.767%
Bybit2.7340+0.774%SoDEX2.7346+0.796%OKX2.7351+0.815%Deribit2.7355+0.829%Lighter2.7359+0.843%GMX2.7367+0.873%Bitget2.7374+0.899%
Bybit
SoDEX
OKX
Deribit
Lighter
GMX
BitgetAster2.7376+0.905%
Gate2.7379+0.918%KuCoin2.7382+0.929%Phoenix2.7385+0.940%BloFin2.7397+0.984%Hyperliquid2.7399+0.992%Coinbase International2.7400+0.995%
Gate
KuCoin
Phoenix
BloFin
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 | −0.897% | +0.0033% | 1h | $38 | $85K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.386% | −0.1128% | 1h | $896 | $8K | 5x | as long as short |
| Variational Omni MORPHO | −0.303% | +0.0100% | 4h | $667K | $1.4M | — | as long as short |
| Paradex MORPHO-USD-PERP | −0.261% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
| Extended MORPHO-USD | −0.194% | +0.0104% | 1h | $103K | $310K | 10x | as long as short |
| Binance MORPHOUSDT | −0.186% | +0.0100% | 4h | $16.9M | $31.0M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.178% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Reya MORPHORUSDPERP | −0.172% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.162% | −0.0093% | 1h | $99K | $188K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.159% | −0.0107% | 4h | $11K | $34K | 10x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX MORPHO-USDT | −0.152% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| Polymarket Perps MORPHO-USDshort | −0.137% | −0.0366% | 1h | $31K | $3.0M | 5x | |
| Bybit MORPHOUSDT | −0.130% | −0.0131% | 4h | $9.0M | $11.3M | 25x | as long as short |
| SoDEX MORPHO-USD | −0.108% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.090% | +0.0100% | 4h | $3.2M | $5.8M | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.075% | −0.1064% | 1h | $11K | $443 | 10x | as long as short |
| Lighter MORPHO | −0.062% | +0.0096% | 1h | $321K | $503K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | −0.033% | L +0.0197% / S −0.0897% | 1h | $2K | — | 100x | as long as short |
| Bitget MORPHOUSDT | −0.006% | +0.0100% | 4h | $3.0M | $2.6M | 75x | as long as short |
| Aster MORPHOUSDTlong | 0.000% | +0.0100% | 4h | $60K | $34K | 20x | |
| Gate MORPHO_USDT | +0.012% | −0.0320% | 4h | $771K | $598K | 50x | as long as short |
| KuCoin MORPHOUSDTM | +0.023% | +0.0100% | 4h | $663K | $378K | 50x | as long as short |
| Phoenix MORPHO | +0.034% | −0.0029% | 1h | $35K | $560K | 5x | as long as short |
| BloFin MORPHO-USDT | +0.078% | −0.0200% | 4h | $690K | $250K | 20x | as long as short |
| Hyperliquid MORPHO | +0.085% | +0.0100% | 1h | $6.7M | $8.1M | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | +0.089% | −0.0144% | 1h | $80K | $53K | 25x | as long as short |