Spread before costs (cost unknown: a leg has no order-book sample)−0.085%
7d average—if it closes, per $10,000$9funding while held, a day−$18.36
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MORPHOUSDT | 2.6939 | 0.0100 | pay 0.0050% / 4h | 58m 16s | $16.6M | $27.0M | 75x |
| Short | 01 Exchange MORPHOUSD | 2.6916 | −0.0512 | pay 0.0064% / 1h | 58m 16s | $884 | $12K | 5x |
Binance MORPHOUSDTPrice 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
- −$8.54
- Funding while held
- −$18.36
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$43.9
- Spread needed to break even
- 0.170%
Slippage unknown: Binance: live order book, 14 min ago; 01 Exchange: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0612%
- Per $10,000 a day
- −$18.36
- 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, 14 min ago | 0.37 bp | 15.6 bp −$16 | 38.4 bp −$384 | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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.Injective2.6760cheapestExtended2.6931+0.638%Kraken Futures2.6931+0.639%Polymarket Perps2.6931+0.639%Paradex2.6931+0.640%Orderly2.6934+0.650%Reya2.6935+0.653%MEXC2.6938+0.665%
Injective
Extended
Kraken Futures
Polymarket Perps
Paradex
Orderly
Reya
MEXCBinance2.6939+0.669%
SoDEX2.6945+0.691%BloFin2.6945+0.691%Bybit2.6947+0.699%BingX2.6948+0.703%Bitget2.6949+0.706%Deribit2.6949+0.706%Aster2.6954+0.727%GMX2.6962+0.756%OKX2.6968+0.777%KuCoin2.6969+0.781%Gate2.6970+0.785%Variational Omni2.6976+0.806%Phoenix2.6992+0.867%Lighter2.6993+0.873%Hyperliquid2.7014+0.949%Coinbase International2.7014+0.949%
SoDEX
BloFin
Bybit
BingX
Bitget
Deribit
Aster
GMX
OKX
KuCoin
Gate
Variational Omni
Phoenix
Lighter
Hyperliquid
Coinbase InternationalMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −0.664% | −0.0114% | 1h | $37 | $39K | 5.5x | as long as short |
| 01 Exchange MORPHOUSDshort | −0.085% | −0.0512% | 1h | $884 | $12K | 5x | |
| Extended MORPHO-USD | −0.031% | +0.0104% | 1h | $101K | $304K | 10x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.030% | −0.1658% | 1h | $85K | $164K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | −0.030% | −0.0353% | 1h | $24K | $2.2M | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.029% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.019% | −0.0211% | 4h | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.016% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | −0.004% | +0.0100% | 4h | $5.1M | $1.1M | 100x | as long as short |
| Binance MORPHOUSDTlong | 0.000% | +0.0100% | 4h | $16.6M | $27.0M | 75x |