After costs, if the gap returns to its 7d average, $10k−$52
spread now+0.217%7d average+0.146%fees + slippage, in and out−$59spread needed0.586%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MORPHOUSDT | 2.6785 | 0.0065 | pay 0.0032% / 4h | 1h 38m | $16.5M | $27.3M | 75x |
| Short | Hyperliquid MORPHO | 2.6843 | 0.0100 | get 0.0013% / 1h | 38m 57s | $6.4M | $7.1M | 5x |
Binance MORPHOUSDT
Hyperliquid MORPHOPrice 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
- $21.65
- Funding while held
- $1.06
- Slippage, 4 orders
- −$39.57
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$35.85
- Spread needed to break even
- 0.586%
Slippage from Binance: live order book, 4 min ago; Hyperliquid: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0035%
- Per $10,000 a day
- +$1.06
- 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, 4 min ago | 0.56 bp | 16.5 bp −$17 | 41.5 bp −$415 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.56 bp | 13.4 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange2.6758cheapestParadex2.6779+0.078%SoDEX2.6784+0.097%
Paradex
SoDEXBinance2.6785+0.101%
Kraken Futures2.6787+0.108%Polymarket Perps2.6792+0.127%MEXC2.6796+0.142%BingX2.6798+0.149%Bybit2.6800+0.157%OKX2.6800+0.157%KuCoin2.6801+0.161%Gate2.6802+0.164%Reya2.6803+0.166%Extended2.6805+0.177%BloFin2.6808+0.187%Aster2.6812+0.202%Bitget2.6812+0.202%Orderly2.6812+0.202%Variational Omni2.6816+0.218%Deribit2.6818+0.224%GMX2.6829+0.264%
Kraken Futures
Polymarket Perps
MEXC
BingX
Bybit
OKX
KuCoin
Gate
Reya
Extended
BloFin
Aster
Bitget
Orderly
Variational Omni
Deribit
GMXHyperliquid2.6843+0.318%
Phoenix2.6853+0.355%Lighter2.6854+0.358%Coinbase International2.6876+0.441%Injective2.7130+1.390%
Phoenix
Lighter
Coinbase International
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.101% | −0.0512% | 1h | $879 | $12K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.023% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| SoDEX MORPHO-USD | −0.004% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| Binance MORPHOUSDTlong | 0.000% | +0.0065% | 4h | $16.5M | $27.3M | 75x | |
| Kraken Futures PF_MORPHOUSD | +0.007% | −0.2230% | 1h | $84K | $165K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | +0.026% | −0.0300% | 1h | $27K | $2.7M | 5x | as long as short |
| MEXC MORPHO_USDT | +0.041% | +0.0062% | 4h | $4.8M | $1.2M | 100x | as long as short |
| BingX MORPHO-USDT | +0.049% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| Bybit MORPHOUSDT | +0.056% | −0.0137% | 4h | $8.8M | $10.3M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.056% | +0.0100% | 4h | $3.2M | $4.6M | 20x | as long as short |