After costs, if the gap returns to its 7d average, $10k−$56
spread now+0.176%7d average+0.244%fees + slippage, in and out−$49spread needed0.494%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MORPHO-USDT | 2.7371 | 0.0100 | pay 0.0050% / 4h | 18m 28s | — | $1.5M | — |
| Short | Lighter MORPHO | 2.7419 | 0.0096 | get 0.0012% / 1h | 18m 28s | $321K | $503K | 5x |
BingX MORPHO-USDT
Lighter MORPHOPrice 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
- $17.61
- Funding while held
- −$0.12
- Slippage, 4 orders
- −$39.43
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$31.94
- Spread needed to break even
- 0.494%
Slippage from BingX: live order book, 4 min ago; Lighter: live order book, 23 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0004%
- Per $10,000 a day
- −$0.12
- 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, 4 min ago | 3.11 bp | 15.3 bp −$15 | 30.5 bp −$305 | 321.0 bp −$32.1K | 703.8 bp −$351.9K |
| Sell Lighter live order book, 23 min ago | 2.73 bp | 11.9 bp −$12 | 154.2 bp −$1,542 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.7130cheapestCoinbase International2.7246+0.428%01 Exchange2.7311+0.667%Variational Omni2.7333+0.747%MEXC2.7336+0.759%Reya2.7341+0.777%Binance2.7352+0.818%Polymarket Perps2.7361+0.851%KuCoin2.7368+0.877%OKX2.7369+0.881%Bybit2.7370+0.885%
Injective
Coinbase International
Variational Omni
MEXC
Reya
Binance
Polymarket Perps
KuCoin
OKX
BybitBingX2.7371+0.888%
Extended2.7373+0.895%Bitget2.7376+0.907%Paradex2.7379+0.919%GMX2.7381+0.926%Phoenix2.7385+0.940%Gate2.7387+0.947%Kraken Futures2.7392+0.966%BloFin2.7394+0.973%Orderly2.7397+0.984%SoDEX2.7400+0.995%Deribit2.7403+1.006%Hyperliquid2.7415+1.050%
Extended
Bitget
Paradex
GMX
Phoenix
Gate
Kraken Futures
BloFin
Orderly
SoDEX
Deribit
HyperliquidLighter2.7419+1.066%
Aster2.7428+1.097%
AsterMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −0.880% | +0.0033% | 1h | $38 | $85K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.457% | −0.0144% | 1h | $79K | $52K | 25x | as long as short |
| 01 Exchange MORPHOUSD | −0.219% | −0.1136% | 1h | $897 | $8K | 5x | as long as short |
| Variational Omni MORPHO | −0.140% | +0.0073% | 4h | $669K | $1.4M | — | as long as short |
| MEXC MORPHO_USDT | −0.128% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Reya MORPHORUSDPERP | −0.110% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Binance MORPHOUSDT | −0.069% | +0.0100% | 4h | $16.9M | $31.0M | 75x | as long as short |
| Polymarket Perps MORPHO-USD | −0.037% | −0.0378% | 1h | $31K | $3.0M | 5x | as long as short |
| KuCoin MORPHOUSDTM | −0.011% | +0.0100% | 4h | $662K | $378K | 50x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.007% | +0.0100% | 4h | $3.2M | $5.8M | 20x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit MORPHOUSDT | −0.004% | −0.0127% | 4h | $9.1M | $11.3M | 25x | as long as short |
| BingX MORPHO-USDTlong | 0.000% | +0.0100% | 4h | — | $1.5M | — | |
| Extended MORPHO-USD | +0.007% | +0.0104% | 1h | $103K | $310K | 10x | as long as short |
| Bitget MORPHOUSDT | +0.018% | +0.0100% | 4h | $3.0M | $2.6M | 75x | as long as short |
| Paradex MORPHO-USD-PERP | +0.031% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | +0.037% | L +0.0197% / S −0.0897% | 1h | $2K | — | 100x | as long as short |
| Phoenix MORPHO | +0.051% | −0.0029% | 1h | $35K | $560K | 5x | as long as short |
| Gate MORPHO_USDT | +0.058% | −0.0314% | 4h | $771K | $598K | 50x | as long as short |
| Kraken Futures PF_MORPHOUSD | +0.077% | −0.0093% | 1h | $99K | $188K | 20x | as long as short |
| BloFin MORPHO-USDT | +0.084% | −0.0200% | 4h | $688K | $250K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | +0.095% | −0.0107% | 4h | $11K | $34K | 10x | as long as short |
| SoDEX MORPHO-USD | +0.106% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | +0.117% | −0.1098% | 1h | $11K | $443 | 10x | as long as short |
| Hyperliquid MORPHO | +0.161% | +0.0100% | 1h | $6.7M | $8.1M | 5x | as long as short |
| Lighter MORPHOshort | +0.176% | +0.0096% | 1h | $321K | $503K | 5x | |
| Aster MORPHOUSDT | +0.206% | +0.0100% | 4h | $60K | $34K | 20x | as long as short |