Spread before costs (cost unknown: a leg has no order-book sample)−0.015%
7d average—if it closes, per $10,000$1funding while held, a day−$38.25
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MORPHO-USDT | 2.7331 | 0.0100 | pay 0.0050% / 4h | 3h 32m | — | $1.5M | — |
| Short | Deribit MORPHO_USDC-PERPETUAL | 2.7327 | −0.1175 | pay 0.0147% / 1h | 32m 21s | $11K | $443 | 10x |
BingX MORPHO-USDT
Deribit MORPHO_USDC-PERPETUALPrice 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
- −$1.46
- Funding while held
- −$38.25
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$56.72
- Spread needed to break even
- 0.170%
Slippage unknown: BingX: live order book, 6 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.1275%
- Per $10,000 a day
- −$38.25
- 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, 6 min ago | 3.65 bp | 17.4 bp −$17 | 35.4 bp −$354 | 337.6 bp −$33.8K | 690.4 bp −$345.2K |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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.Injective2.7130cheapest01 Exchange2.7261+0.483%Paradex2.7298+0.618%Extended2.7299+0.622%MEXC2.7313+0.675%Binance2.7314+0.678%SoDEX2.7316+0.686%Bybit2.7320+0.700%Polymarket Perps2.7320+0.700%Kraken Futures2.7320+0.702%
Injective
Paradex
Extended
MEXC
Binance
SoDEX
Bybit
Polymarket Perps
Kraken FuturesDeribit2.7327+0.726%
BloFin2.7330+0.737%
BloFinBingX2.7331+0.741%
KuCoin2.7332+0.745%Reya2.7333+0.746%Orderly2.7333+0.748%Bitget2.7339+0.770%OKX2.7343+0.785%Lighter2.7345+0.792%Phoenix2.7349+0.807%Gate2.7361+0.851%GMX2.7363+0.858%Aster2.7363+0.859%Coinbase International2.7364+0.863%Variational Omni2.7369+0.881%Hyperliquid2.7390+0.958%
KuCoin
Reya
Orderly
Bitget
OKX
Lighter
Phoenix
Gate
GMX
Aster
Coinbase International
Variational Omni
HyperliquidMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −0.735% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.256% | −0.0688% | 1h | $896 | $10K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.122% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Extended MORPHO-USD | −0.118% | +0.0104% | 1h | $103K | $304K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.066% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Binance MORPHOUSDT | −0.062% | +0.0100% | 4h | $16.9M | $30.5M | 75x | as long as short |
| SoDEX MORPHO-USD | −0.055% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Bybit MORPHOUSDT | −0.040% | +0.0013% | 4h | $9.0M | $11.2M | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.040% | −0.0260% | 1h | $27K | $3.0M | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.039% | −0.1053% | 1h | $99K | $183K | 20x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit MORPHO_USDC-PERPETUALshort | −0.015% | −0.1175% | 1h | $11K | $443 | 10x | |
| BloFin MORPHO-USDT | −0.004% | −0.0200% | 4h | $677K | $244K | 20x | as long as short |
| BingX MORPHO-USDTlong | 0.000% | +0.0100% | 4h | — | $1.5M | — | |
| KuCoin MORPHOUSDTM | +0.004% | +0.0100% | 4h | $662K | $380K | 50x | as long as short |
| Reya MORPHORUSDPERP | +0.006% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Orderly PERP_MORPHO_USDC | +0.007% | −0.0133% | 4h | $11K | $34K | 10x | as long as short |
| Bitget MORPHOUSDT | +0.029% | +0.0100% | 4h | $3.0M | $2.6M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.044% | +0.0100% | 4h | $3.2M | $5.6M | 20x | as long as short |
| Lighter MORPHO | +0.051% | +0.0096% | 1h | $320K | $474K | 5x | as long as short |
| Phoenix MORPHO | +0.066% | −0.0146% | 1h | $35K | $554K | 5x | as long as short |
| Gate MORPHO_USDT | +0.110% | −0.0384% | 4h | $767K | $574K | 50x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | +0.116% | L +0.0197% / S −0.0897% | 1h | $2K | — | 100x | as long as short |
| Aster MORPHOUSDT | +0.117% | +0.0100% | 4h | $60K | $34K | 20x | as long as short |
| Coinbase International MORPHO-PERP-INTX | +0.121% | −0.0256% | 1h | $79K | $52K | 25x | as long as short |
| Variational Omni MORPHO | +0.139% | +0.0100% | 4h | $670K | $1.4M | — | as long as short |
| Hyperliquid MORPHO | +0.216% | +0.0126% | 1h | $6.7M | $8.1M | 5x | as long as short |