Spread before costs (cost unknown: a leg has no order-book sample)+0.041%
7d average—if it closes, per $10,000$4funding while held, a day−$9.10
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MORPHO-USDT | 2.6710 | 0.0100 | pay 0.0050% / 4h | 1h 58m | — | $1.5M | — |
| Short | Orderly PERP_MORPHO_USDC | 2.6721 | −0.0203 | pay 0.0102% / 4h | 1h 58m | $10K | $34K | 10x |
BingX MORPHO-USDT
Orderly PERP_MORPHO_USDCPrice 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
- $4.12
- Funding while held
- −$9.1
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$20.98
- Spread needed to break even
- 0.160%
Slippage unknown: BingX: live order book, 10 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0303%
- Per $10,000 a day
- −$9.10
- 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, 10 min ago | 1.68 bp | 16.9 bp −$17 | 36.6 bp −$366 | 333.2 bp −$33.3K | 743.4 bp −$371.7K |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.01 Exchange2.6662cheapestKraken Futures2.6675+0.048%MEXC2.6686+0.090%Polymarket Perps2.6693+0.116%Binance2.6695+0.123%Extended2.6695+0.125%Paradex2.6701+0.146%Coinbase International2.6709+0.176%
Kraken Futures
MEXC
Polymarket Perps
Binance
Extended
Paradex
Coinbase InternationalBingX2.6710+0.180%
Bybit2.6714+0.195%SoDEX2.6714+0.195%Gate2.6715+0.199%OKX2.6717+0.206%Reya2.6718+0.211%BloFin2.6719+0.214%
Bybit
SoDEX
Gate
OKX
Reya
BloFinOrderly2.6721+0.221%
Bitget2.6725+0.236%Aster2.6728+0.249%Deribit2.6734+0.270%Variational Omni2.6743+0.302%Hyperliquid2.6743+0.304%Lighter2.6745+0.310%GMX2.6747+0.320%KuCoin2.6752+0.338%Phoenix2.6771+0.409%Injective2.7130+1.755%
Bitget
Aster
Deribit
Variational Omni
Hyperliquid
Lighter
GMX
KuCoin
Phoenix
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.180% | −0.0824% | 1h | $876 | $11K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.132% | −0.2239% | 1h | $84K | $167K | 20x | as long as short |
| MEXC MORPHO_USDT | −0.090% | +0.0016% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Polymarket Perps MORPHO-USD | −0.064% | −0.0631% | 1h | $27K | $2.7M | 5x | as long as short |
| Binance MORPHOUSDT | −0.057% | +0.0018% | 4h | $16.5M | $27.4M | 75x | as long as short |
| Extended MORPHO-USD | −0.055% | +0.0016% | 1h | $101K | $304K | 10x | as long as short |
| Paradex MORPHO-USD-PERP | −0.034% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.004% | −0.0352% | 1h | $77K | $47K | 25x | as long as short |
| BingX MORPHO-USDTlong | 0.000% | +0.0100% | 4h | — | $1.5M | — | |
| Bybit MORPHOUSDT | +0.015% | −0.0159% | 4h | $8.8M | $10.3M | 25x | as long as short |