After costs, if the gap returns to its 7d average, $10k−$47
spread now+0.146%7d average+0.039%fees + slippage, in and out−$58spread needed0.577%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MORPHOUSDT | 2.7035 | −0.0004 | get 0.0002% / 4h | 2h 40m | $16.6M | $28.9M | 75x |
| Short | BingX MORPHO-USDT | 2.7074 | 0.0100 | get 0.0050% / 4h | 2h 40m | — | $1.5M | — |
Binance MORPHOUSDT
BingX MORPHO-USDTPrice 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
- $14.56
- Funding while held
- $3.12
- Slippage, 4 orders
- −$37.7
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$40.02
- Spread needed to break even
- 0.577%
Slippage from Binance: live order book, 2 min ago; BingX: live order book, 11 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0104%
- Per $10,000 a day
- +$3.12
- 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 Binance live order book, 2 min ago | 0.74 bp | 15.1 bp −$15 | 38.1 bp −$381 | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 2.39 bp | 17.1 bp −$17 | 42.6 bp −$426 | 233.3 bp −$23.3K | 633.4 bp −$316.7K |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Binance2.7035cheapest
01 Exchange2.7036+0.005%Gate2.7050+0.057%Extended2.7058+0.086%Lighter2.7062+0.101%BloFin2.7069+0.127%Bybit2.7070+0.131%Paradex2.7073+0.141%MEXC2.7073+0.142%KuCoin2.7074+0.146%
Gate
Extended
Lighter
BloFin
Bybit
Paradex
MEXC
KuCoinBingX2.7074+0.146%
Bitget2.7075+0.149%SoDEX2.7077+0.157%Kraken Futures2.7079+0.164%Polymarket Perps2.7082+0.175%Deribit2.7084+0.183%OKX2.7085+0.186%Orderly2.7086+0.190%Variational Omni2.7091+0.210%Reya2.7092+0.212%Hyperliquid2.7092+0.212%Coinbase International2.7093+0.216%Aster2.7113+0.289%GMX2.7116+0.303%Injective2.7130+0.353%Phoenix2.7165+0.482%
Bitget
SoDEX
Kraken Futures
Polymarket Perps
Deribit
OKX
Orderly
Variational Omni
Reya
Hyperliquid
Coinbase International
Aster
GMX
Injective
PhoenixMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance MORPHOUSDTlong | 0.000% | −0.0004% | 4h | $16.6M | $28.9M | 75x | |
| 01 Exchange MORPHOUSD | +0.005% | −0.0960% | 1h | $888 | $11K | 5x | as long as short |
| Gate MORPHO_USDT | +0.057% | −0.0548% | 4h | $763K | $538K | 50x | as long as short |
| Extended MORPHO-USD | +0.086% | 0.0000% | 1h | $102K | $304K | 10x | as long as short |
| Lighter MORPHO | +0.101% | +0.0096% | 1h | $318K | $364K | 5x | as long as short |
| BloFin MORPHO-USDT | +0.127% | −0.0238% | 4h | $673K | $222K | 20x | as long as short |
| Bybit MORPHOUSDT | +0.131% | −0.0125% | 4h | $8.9M | $10.7M | 25x | as long as short |
| Paradex MORPHO-USD-PERP | +0.141% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| MEXC MORPHO_USDT | +0.142% | 0.0000% | 4h | $4.8M | $1.2M | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.146% | +0.0100% | 4h | $655K | $357K | 50x | as long as short |