After costs, if the gap returns to its 7d average, $10k−$126
spread now−0.075%7d average−0.001%fees + slippage, in and out−$118spread needed1.184%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MORPHOUSDT | 2.6738 | 0.0013 | pay 0.0006% / 4h | 2h 00m | $16.5M | $27.5M | 75x |
| Short | Gate MORPHO_USDT | 2.6718 | −0.0664 | pay 0.0332% / 4h | 2h 00m | $766K | $550K | 50x |
Binance MORPHOUSDT
Gate 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
- −$7.48
- Funding while held
- −$20.3
- Slippage, 4 orders
- −$93.36
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$146.14
- Spread needed to break even
- 1.184%
Slippage from Binance: live order book, 12 min ago; Gate: live order book, 38 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0677%
- Per $10,000 a day
- −$20.30
- 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, 12 min ago | 0.94 bp | 12.3 bp −$12 | 35.7 bp −$357 | doesn't fit | doesn't fit |
| Sell Gate live order book, 38 min ago | 7.77 bp | 46.7 bp −$47 | 204.6 bp −$2,046 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange2.6702cheapestCoinbase International2.6709+0.026%Phoenix2.6710+0.030%
Coinbase International
PhoenixGate2.6718+0.060%
KuCoin2.6726+0.090%Polymarket Perps2.6731+0.109%Kraken Futures2.6732+0.112%MEXC2.6737+0.131%
KuCoin
Polymarket Perps
Kraken Futures
MEXCBinance2.6738+0.135%
Bitget2.6739+0.139%Variational Omni2.6743+0.152%Aster2.6745+0.160%Extended2.6745+0.161%BloFin2.6745+0.161%Orderly2.6746+0.165%Reya2.6747+0.168%SoDEX2.6747+0.169%Paradex2.6747+0.170%BingX2.6750+0.180%Lighter2.6754+0.195%Deribit2.6756+0.202%Bybit2.6760+0.217%OKX2.6763+0.228%GMX2.6766+0.240%Hyperliquid2.6781+0.296%Injective2.7130+1.603%
Bitget
Variational Omni
Aster
Extended
BloFin
Orderly
Reya
SoDEX
Paradex
BingX
Lighter
Deribit
Bybit
OKX
GMX
Hyperliquid
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.135% | −0.0872% | 1h | $877 | $11K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.108% | −0.0336% | 1h | $77K | $47K | 25x | as long as short |
| Phoenix MORPHO | −0.105% | −0.0059% | 1h | $34K | $517K | 5x | as long as short |
| Gate MORPHO_USDTshort | −0.075% | −0.0664% | 4h | $766K | $550K | 50x | |
| KuCoin MORPHOUSDTM | −0.045% | +0.0100% | 4h | $595K | $346K | 50x | as long as short |
| Polymarket Perps MORPHO-USD | −0.026% | −0.0472% | 1h | $27K | $2.7M | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.023% | −0.0935% | 1h | $84K | $167K | 20x | as long as short |
| MEXC MORPHO_USDT | −0.004% | +0.0008% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Binance MORPHOUSDTlong | 0.000% | +0.0013% | 4h | $16.5M | $27.5M | 75x | |
| Bitget MORPHOUSDT | +0.004% | +0.0100% | 4h | $2.9M | $2.1M | 75x | as long as short |