Spread before costs (cost unknown: a leg has no order-book sample)−0.830%
7d average+1.223%if it closes, per $10,000$83funding while held, a day−$2.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MORPHO-USDT | 2.7357 | 0.0100 | pay 0.0050% / 4h | 17m 49s | — | $1.5M | — |
| Short | Injective MORPHO/USDC PERP | 2.7130 | 0.0033 | get 0.0004% / 1h | 17m 49s | $38 | $85K | 5.5x |
BingX MORPHO-USDT
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
- −$82.98
- Funding while held
- −$2
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$95
- Spread needed to break even
- 0.100%
Slippage unknown: BingX: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0067%
- Per $10,000 a day
- −$2.00
- 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, 5 min ago | 3.11 bp | 15.3 bp −$15 | 30.5 bp −$305 | 321.0 bp −$32.1K | 703.8 bp −$351.9K |
| 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.Injective2.7130cheapest
01 Exchange2.7311+0.667%Variational Omni2.7333+0.747%Reya2.7341+0.777%Extended2.7351+0.813%OKX2.7353+0.822%Orderly2.7355+0.829%Binance2.7356+0.833%
Variational Omni
Reya
Extended
OKX
Orderly
BinanceBingX2.7357+0.837%
Kraken Futures2.7358+0.841%Bitget2.7360+0.848%Polymarket Perps2.7361+0.851%Deribit2.7361+0.851%MEXC2.7362+0.855%SoDEX2.7363+0.859%Bybit2.7366+0.870%Gate2.7366+0.870%KuCoin2.7368+0.877%Paradex2.7379+0.919%GMX2.7381+0.926%Phoenix2.7385+0.940%Lighter2.7386+0.942%BloFin2.7394+0.973%Coinbase International2.7402+1.003%Aster2.7405+1.015%Hyperliquid2.7418+1.062%
Kraken Futures
Bitget
Polymarket Perps
Deribit
MEXC
SoDEX
Bybit
Gate
KuCoin
Paradex
GMX
Phoenix
Lighter
BloFin
Coinbase International
Aster
HyperliquidMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERPshort | −0.830% | +0.0033% | 1h | $38 | $85K | 5.5x | |
| 01 Exchange MORPHOUSD | −0.168% | −0.1136% | 1h | $897 | $8K | 5x | as long as short |
| Variational Omni MORPHO | −0.089% | +0.0073% | 4h | $669K | $1.4M | — | as long as short |
| Reya MORPHORUSDPERP | −0.059% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Extended MORPHO-USD | −0.024% | +0.0104% | 1h | $103K | $310K | 10x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.015% | +0.0100% | 4h | $3.2M | $5.8M | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.007% | −0.0108% | 4h | $11K | $34K | 10x | as long as short |
| Binance MORPHOUSDT | −0.004% | +0.0100% | 4h | $16.9M | $31.0M | 75x | as long as short |
| BingX MORPHO-USDTlong | 0.000% | +0.0100% | 4h | — | $1.5M | — | |
| Kraken Futures PF_MORPHOUSD | +0.005% | −0.0093% | 1h | $99K | $188K | 20x | as long as short |