Spread before costs (cost unknown: a leg has no order-book sample)−0.071%
7d average—if it closes, per $10,000$7funding while held, a day−$13.56
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MORPHO-USDT | 2.6728 | 0.0100 | pay 0.0050% / 4h | 1h 59m | — | $1.5M | — |
| Short | Coinbase International MORPHO-PERP-INTX | 2.6709 | −0.0352 | pay 0.0044% / 1h | 59m 16s | $77K | $47K | 25x |
BingX MORPHO-USDT
Coinbase International MORPHO-PERP-INTXPrice 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
- −$7.11
- Funding while held
- −$13.56
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$40.67
- Spread needed to break even
- 0.200%
Slippage unknown: BingX: live order book, 9 min ago; Coinbase International: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0452%
- Per $10,000 a day
- −$13.56
- 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 BingX live order book, 9 min ago | 1.68 bp | 16.9 bp −$17 | 36.6 bp −$366 | 333.2 bp −$33.3K | 743.4 bp −$371.7K |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Coinbase International: 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.Kraken Futures2.6675cheapest01 Exchange2.6705+0.113%
Kraken FuturesCoinbase International2.6709+0.128%
SoDEX2.6714+0.147%Binance2.6716+0.153%Extended2.6716+0.154%BloFin2.6719+0.166%Orderly2.6721+0.173%Gate2.6723+0.181%KuCoin2.6727+0.196%
SoDEX
Binance
Extended
BloFin
Orderly
Gate
KuCoinBingX2.6728+0.200%
Reya2.6730+0.207%Aster2.6731+0.211%Polymarket Perps2.6731+0.211%Bitget2.6732+0.215%MEXC2.6733+0.218%Deribit2.6734+0.222%Variational Omni2.6743+0.254%Bybit2.6745+0.263%OKX2.6745+0.263%Paradex2.6747+0.271%GMX2.6747+0.272%Lighter2.6749+0.278%Hyperliquid2.6769+0.353%Phoenix2.6771+0.361%Injective2.7130+1.707%
Reya
Aster
Polymarket Perps
Bitget
MEXC
Deribit
Variational Omni
Bybit
OKX
Paradex
GMX
Lighter
Hyperliquid
Phoenix
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MORPHOUSD | −0.199% | −0.2239% | 1h | $84K | $167K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.086% | −0.0864% | 1h | $878 | $11K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTXshort | −0.071% | −0.0352% | 1h | $77K | $47K | 25x | |
| SoDEX MORPHO-USD | −0.052% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| Binance MORPHOUSDT | −0.047% | +0.0017% | 4h | $16.5M | $27.5M | 75x | as long as short |
| Extended MORPHO-USD | −0.046% | +0.0016% | 1h | $101K | $304K | 10x | as long as short |
| BloFin MORPHO-USDT | −0.034% | −0.0223% | 4h | $666K | $205K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.026% | −0.0203% | 4h | $10K | $34K | 10x | as long as short |
| Gate MORPHO_USDT | −0.019% | −0.0666% | 4h | $766K | $534K | 50x | as long as short |
| KuCoin MORPHOUSDTM | −0.004% | +0.0100% | 4h | $595K | $344K | 50x | as long as short |