Spread before costs (cost unknown: a leg has no order-book sample)+0.022%
7d average—if it closes, per $10,000$2funding while held, a day−$0.11
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MORPHOUSDT | 2.7043 | −0.0001 | get 0.0000% / 4h | 2h 33m | $16.7M | $28.7M | 75x |
| Short | Reya MORPHORUSDPERP | 2.7049 | −0.0004 | pay 0.0001% / 1h | 33m 31s | $16 | — | 10x |
Binance MORPHOUSDT
Reya MORPHORUSDPERPPrice 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
- $2.22
- Funding while held
- −$0.11
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$13.89
- Spread needed to break even
- 0.160%
Slippage unknown: Binance: live order book, 9 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0004%
- Per $10,000 a day
- −$0.11
- 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, 9 min ago | 0.74 bp | 15.1 bp −$15 | 38.1 bp −$381 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 Exchange2.7011cheapestGate2.7020+0.033%KuCoin2.7033+0.081%Paradex2.7034+0.085%Extended2.7037+0.096%MEXC2.7042+0.115%Polymarket Perps2.7042+0.115%
Gate
KuCoin
Paradex
Extended
MEXC
Polymarket PerpsBinance2.7043+0.118%
SoDEX2.7043+0.118%
SoDEXReya2.7049+0.141%
Bitget2.7050+0.144%Orderly2.7051+0.148%Bybit2.7053+0.155%BingX2.7055+0.163%Deribit2.7055+0.163%Kraken Futures2.7063+0.193%Phoenix2.7064+0.196%Lighter2.7070+0.217%OKX2.7072+0.226%Variational Omni2.7072+0.226%BloFin2.7074+0.233%GMX2.7076+0.241%Aster2.7078+0.248%Coinbase International2.7093+0.304%Hyperliquid2.7095+0.311%Injective2.7130+0.441%
Bitget
Orderly
Bybit
BingX
Deribit
Kraken Futures
Phoenix
Lighter
OKX
Variational Omni
BloFin
GMX
Aster
Coinbase International
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 | −0.118% | −0.0936% | 1h | $888 | $11K | 5x | as long as short |
| Gate MORPHO_USDT | −0.085% | −0.0604% | 4h | $764K | $540K | 50x | as long as short |
| KuCoin MORPHOUSDTM | −0.037% | +0.0100% | 4h | $654K | $376K | 50x | as long as short |
| Paradex MORPHO-USD-PERP | −0.033% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Extended MORPHO-USD | −0.022% | 0.0000% | 1h | $102K | $304K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.004% | −0.0002% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Polymarket Perps MORPHO-USD | −0.004% | −0.0422% | 1h | $27K | $2.7M | 5x | as long as short |
| Binance MORPHOUSDTlong | 0.000% | −0.0001% | 4h | $16.7M | $28.7M | 75x | |
| SoDEX MORPHO-USD | 0.000% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Reya MORPHORUSDPERPshort | +0.022% | −0.0004% | 1h | $16 | — | 10x |