Spread before costs (cost unknown: a leg has no order-book sample)+1.565%
7d average—if it closes, per $10,000$156funding while held, a day+$0.43
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MORPHOUSDT | 2.6712 | 0.0019 | pay 0.0009% / 4h | 1h 56m | $16.5M | $27.4M | 75x |
| Short | Injective MORPHO/USDC PERP | 2.7130 | 0.0033 | get 0.0004% / 1h | 56m 25s | $38 | $34K | 5.5x |
Binance MORPHOUSDT
Injective MORPHO/USDC PERPPrice 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
- $156.48
- Funding while held
- $0.43
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $146.9
- Spread needed to break even
- 0.100%
Slippage unknown: Binance: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0014%
- Per $10,000 a day
- +$0.43
- 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, 1 min ago | 1.31 bp | 12.1 bp −$12 | 37.0 bp −$370 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.01 Exchange2.6667cheapestKraken Futures2.6694+0.102%Gate2.6701+0.127%KuCoin2.6701+0.127%MEXC2.6707+0.150%Aster2.6707+0.151%Polymarket Perps2.6708+0.154%Coinbase International2.6709+0.157%Extended2.6710+0.162%
Kraken Futures
Gate
KuCoin
MEXC
Aster
Polymarket Perps
Coinbase International
ExtendedBinance2.6712+0.169%
Paradex2.6715+0.181%BingX2.6720+0.199%Bybit2.6721+0.202%Reya2.6722+0.208%Bitget2.6732+0.244%BloFin2.6732+0.244%Orderly2.6736+0.259%OKX2.6737+0.262%GMX2.6738+0.268%Lighter2.6738+0.268%Variational Omni2.6743+0.283%SoDEX2.6750+0.311%Hyperliquid2.6755+0.330%Deribit2.6757+0.337%Phoenix2.6771+0.390%
Paradex
BingX
Bybit
Reya
Bitget
BloFin
Orderly
OKX
GMX
Lighter
Variational Omni
SoDEX
Hyperliquid
Deribit
PhoenixInjective2.7130+1.736%
MORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.168% | −0.0808% | 1h | $876 | $11K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.067% | −0.2238% | 1h | $84K | $167K | 20x | as long as short |
| Gate MORPHO_USDT | −0.041% | −0.0664% | 4h | $767K | $535K | 50x | as long as short |
| KuCoin MORPHOUSDTM | −0.041% | +0.0100% | 4h | $594K | $344K | 50x | as long as short |
| MEXC MORPHO_USDT | −0.019% | +0.0016% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Aster MORPHOUSDT | −0.018% | +0.0100% | 4h | $58K | $31K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | −0.015% | −0.0488% | 1h | $26K | $2.7M | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.011% | −0.0352% | 1h | $77K | $47K | 25x | as long as short |
| Extended MORPHO-USD | −0.006% | +0.0016% | 1h | $101K | $304K | 10x | as long as short |
| Binance MORPHOUSDTlong | 0.000% | +0.0019% | 4h | $16.5M | $27.4M | 75x |