Spread before costs (cost unknown: a leg has no order-book sample)−0.033%
7d average—if it closes, per $10,000$3funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MORPHOUSDT | 2.6964 | 0.0100 | pay 0.0050% / 4h | 58m 35s | $59K | $33K | 20x |
| Short | SoDEX MORPHO-USD | 2.6955 | 0.0100 | get 0.0013% / 1h | 58m 35s | $23K | $2K | 5x |
Aster MORPHOUSDT
SoDEX 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
- −$3.33
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$19.33
- Spread needed to break even
- 0.160%
Slippage unknown: Aster: no order-book sample; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 SoDEX no order-book sample | — | — | — | — | — |
Aster and SoDEX: 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%Kraken Futures2.6924+0.614%Paradex2.6931+0.640%Binance2.6935+0.654%Extended2.6937+0.663%MEXC2.6945+0.691%Polymarket Perps2.6945+0.691%BloFin2.6945+0.691%Reya2.6947+0.698%Bybit2.6950+0.710%BingX2.6951+0.714%
Injective
Kraken Futures
Paradex
Binance
Extended
MEXC
Polymarket Perps
BloFin
Reya
Bybit
BingXSoDEX2.6955+0.729%
Orderly2.6956+0.732%Bitget2.6961+0.751%
Orderly
BitgetAster2.6964+0.762%
OKX2.6968+0.777%Deribit2.6974+0.800%Variational Omni2.6976+0.806%KuCoin2.6976+0.807%GMX2.6977+0.811%Gate2.6979+0.818%Phoenix2.6992+0.867%Lighter2.6994+0.875%Coinbase International2.7014+0.949%Hyperliquid2.7025+0.990%
OKX
Deribit
Variational Omni
KuCoin
GMX
Gate
Phoenix
Lighter
Coinbase International
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 | −0.757% | −0.0114% | 1h | $37 | $39K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.178% | −0.0512% | 1h | $884 | $12K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.148% | −0.1658% | 1h | $85K | $164K | 20x | as long as short |
| Paradex MORPHO-USD-PERP | −0.122% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Binance MORPHOUSDT | −0.107% | +0.0100% | 4h | $16.6M | $27.0M | 75x | as long as short |
| Extended MORPHO-USD | −0.098% | +0.0104% | 1h | $101K | $304K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.070% | +0.0100% | 4h | $5.1M | $1.1M | 100x | as long as short |
| Polymarket Perps MORPHO-USD | −0.070% | −0.0612% | 1h | $24K | $2.2M | 5x | as long as short |
| BloFin MORPHO-USDT | −0.070% | −0.0200% | 4h | $667K | $209K | 20x | as long as short |
| Reya MORPHORUSDPERP | −0.064% | −0.0004% | 1h | $16 | — | 10x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit MORPHOUSDT | −0.052% | −0.0078% | 4h | $8.9M | $10.2M | 25x | as long as short |
| BingX MORPHO-USDT | −0.048% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USDshort | −0.033% | +0.0100% | 1h | $23K | $2K | 5x | |
| Orderly PERP_MORPHO_USDC | −0.030% | −0.0210% | 4h | $10K | $34K | 10x | as long as short |
| Bitget MORPHOUSDT | −0.011% | +0.0100% | 4h | $3.0M | $2.0M | 75x | as long as short |
| Aster MORPHOUSDTlong | 0.000% | +0.0100% | 4h | $59K | $33K | 20x | |
| OKX MORPHO-USDT-SWAP | +0.015% | +0.0100% | 4h | $3.2M | $4.6M | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | +0.037% | −0.0972% | 1h | $11K | $745 | 10x | as long as short |
| Variational Omni MORPHO | +0.043% | +0.0097% | 4h | $654K | $1.4M | — | as long as short |
| KuCoin MORPHOUSDTM | +0.045% | +0.0100% | 4h | $602K | $315K | 50x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | +0.049% | L +0.0193% / S −0.0879% | 1h | $2K | — | 100x | as long as short |
| Gate MORPHO_USDT | +0.056% | −0.0374% | 4h | $778K | $529K | 50x | as long as short |
| Phoenix MORPHO | +0.104% | −0.0030% | 1h | $35K | $473K | 5x | as long as short |
| Lighter MORPHO | +0.112% | +0.0096% | 1h | $321K | $356K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | +0.185% | −0.0328% | 1h | $78K | $47K | 25x | as long as short |
| Hyperliquid MORPHO | +0.226% | +0.0659% | 1h | $6.4M | $7.1M | 5x | as long as short |