After costs, if the gap returns to its 7d average, $10k−$130
spread now−0.019%7d average+0.006%fees + slippage, in and out−$128spread needed1.278%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MORPHOUSDT | 2.6807 | 0.0100 | pay 0.0050% / 4h | 1h 39m | $2.9M | $2.1M | 75x |
| Short | Gate MORPHO_USDT | 2.6802 | −0.0590 | pay 0.0295% / 4h | 1h 39m | $773K | $538K | 50x |
Bitget MORPHOUSDT
Gate MORPHO_USDTPrice 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
- −$1.87
- Funding while held
- −$20.7
- Slippage, 4 orders
- −$100.81
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$150.38
- Spread needed to break even
- 1.278%
Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 59 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0690%
- Per $10,000 a day
- −$20.70
- 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 Bitget live order book, 5 min ago | 5.78 bp | 19.2 bp −$19 | 74.3 bp −$743 | doesn't fit | doesn't fit |
| Sell Gate live order book, 59 min ago | 7.77 bp | 46.7 bp −$47 | 204.6 bp −$2,046 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange2.6758cheapestParadex2.6779+0.078%Kraken Futures2.6787+0.108%Polymarket Perps2.6792+0.127%Binance2.6795+0.139%MEXC2.6796+0.142%Bybit2.6800+0.157%OKX2.6800+0.157%KuCoin2.6801+0.161%
Paradex
Kraken Futures
Polymarket Perps
Binance
MEXC
Bybit
OKX
KuCoinGate2.6802+0.164%
SoDEX2.6802+0.164%Reya2.6803+0.166%Extended2.6805+0.177%
SoDEX
Reya
ExtendedBitget2.6807+0.183%
BloFin2.6808+0.187%Aster2.6812+0.202%Orderly2.6812+0.202%Variational Omni2.6816+0.218%BingX2.6817+0.220%Deribit2.6818+0.224%GMX2.6829+0.264%Hyperliquid2.6844+0.323%Phoenix2.6853+0.355%Lighter2.6854+0.358%Coinbase International2.6876+0.441%Injective2.7130+1.390%
BloFin
Aster
Orderly
Variational Omni
BingX
Deribit
GMX
Hyperliquid
Phoenix
Lighter
Coinbase International
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.183% | −0.0512% | 1h | $879 | $12K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.105% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.075% | −0.2230% | 1h | $84K | $165K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | −0.056% | −0.0300% | 1h | $27K | $2.7M | 5x | as long as short |
| Binance MORPHOUSDT | −0.044% | +0.0065% | 4h | $16.5M | $27.3M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.041% | +0.0062% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Bybit MORPHOUSDT | −0.026% | −0.0137% | 4h | $8.8M | $10.3M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.026% | +0.0100% | 4h | $3.2M | $4.6M | 20x | as long as short |
| KuCoin MORPHOUSDTM | −0.022% | +0.0100% | 4h | $599K | $346K | 50x | as long as short |
| Gate MORPHO_USDTshort | −0.019% | −0.0590% | 4h | $773K | $538K | 50x |