After costs, if the gap returns to its 7d average, $10k−$61
spread now−0.022%7d average+0.008%fees + slippage, in and out−$58spread needed0.582%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MORPHOUSDT | 2.7072 | 0.0100 | pay 0.0050% / 4h | 2h 39m | $3.0M | $2.3M | 75x |
| Short | MEXC MORPHO_USDT | 2.7066 | −0.0004 | pay 0.0002% / 4h | 2h 39m | $4.8M | $1.2M | 100x |
Bitget MORPHOUSDT
MEXC 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
- −$2.22
- Funding while held
- −$3.12
- Slippage, 4 orders
- −$42.17
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$63.5
- Spread needed to break even
- 0.582%
Slippage from Bitget: live order book, 4 min ago; MEXC: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0104%
- Per $10,000 a day
- −$3.12
- 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 Bitget live order book, 4 min ago | 4.97 bp | 21.9 bp −$22 | 87.0 bp −$870 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.66 bp | 6.2 bp −$6 | 33.1 bp −$331 | 144.9 bp −$14.5K | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange2.7016cheapestExtended2.7047+0.114%Kraken Futures2.7048+0.117%SoDEX2.7048+0.118%Polymarket Perps2.7062+0.170%Deribit2.7064+0.178%
Extended
Kraken Futures
SoDEX
Polymarket Perps
DeribitMEXC2.7066+0.185%
Gate2.7067+0.189%Orderly2.7067+0.189%Reya2.7067+0.189%BloFin2.7069+0.196%
Gate
Orderly
Reya
BloFinBitget2.7072+0.207%
Paradex2.7073+0.212%Binance2.7074+0.215%BingX2.7083+0.248%Lighter2.7090+0.272%Bybit2.7090+0.274%Aster2.7090+0.274%Variational Omni2.7091+0.279%OKX2.7093+0.285%Coinbase International2.7093+0.285%GMX2.7096+0.296%KuCoin2.7096+0.296%Hyperliquid2.7124+0.400%Injective2.7130+0.422%Phoenix2.7165+0.552%
Paradex
Binance
BingX
Lighter
Bybit
Aster
Variational Omni
OKX
Coinbase International
GMX
KuCoin
Hyperliquid
Injective
PhoenixMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.207% | −0.0968% | 1h | $888 | $11K | 5x | as long as short |
| Extended MORPHO-USD | −0.093% | −0.0008% | 1h | $102K | $304K | 10x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.090% | −0.0924% | 1h | $93K | $174K | 20x | as long as short |
| SoDEX MORPHO-USD | −0.089% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.037% | −0.0455% | 1h | $27K | $2.8M | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.030% | −0.0820% | 1h | $11K | $443 | 10x | as long as short |
| MEXC MORPHO_USDTshort | −0.022% | −0.0004% | 4h | $4.8M | $1.2M | 100x | |
| Gate MORPHO_USDT | −0.018% | −0.0558% | 4h | $764K | $539K | 50x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.018% | −0.0177% | 4h | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.018% | −0.0004% | 1h | $16 | — | 10x | as long as short |