Spread before costs (cost unknown: a leg has no order-book sample)−0.194%
7d average—if it closes, per $10,000$19funding while held, a day−$3.13
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MORPHOUSDT | 2.7708 | 0.0100 | pay 0.0050% / 4h | 1h 57m | $3.0M | $2.5M | 75x |
| Short | Reya MORPHORUSDPERP | 2.7654 | −0.0004 | pay 0.0001% / 1h | 57m 06s | $17 | — | 10x |
Bitget MORPHOUSDT
Reya MORPHORUSDPERPPrice 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
- −$19.38
- Funding while held
- −$3.13
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$40.5
- Spread needed to break even
- 0.180%
Slippage unknown: Bitget: live order book, 2 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0104%
- Per $10,000 a day
- −$3.13
- 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, 2 min ago | 6.69 bp | 24.9 bp −$25 | 83.0 bp −$830 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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.Injective2.7130cheapestParadex2.7639+1.876%Orderly2.7654+1.931%
Injective
Paradex
OrderlyReya2.7654+1.933%
OKX2.7656+1.939%Extended2.7659+1.951%Deribit2.7662+1.961%Variational Omni2.7662+1.962%Polymarket Perps2.7663+1.965%Binance2.7672+1.998%BloFin2.7674+2.005%SoDEX2.7677+2.016%Phoenix2.7679+2.024%KuCoin2.7689+2.060%GMX2.7691+2.067%Aster2.7699+2.096%Bybit2.7704+2.116%Kraken Futures2.7705+2.121%
OKX
Extended
Deribit
Variational Omni
Polymarket Perps
Binance
BloFin
SoDEX
Phoenix
KuCoin
GMX
Aster
Bybit
Kraken FuturesBitget2.7708+2.130%
BingX2.7709+2.134%MEXC2.7711+2.142%Lighter2.7712+2.144%Gate2.7717+2.164%Hyperliquid2.7762+2.330%Coinbase International2.7791+2.436%
BingX
MEXC
Lighter
Gate
Hyperliquid
Coinbase InternationalMORPHO on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −2.086% | +0.0033% | 1h | $38 | $137K | 5.5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.249% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.195% | −0.0034% | 4h | $11K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERPshort | −0.194% | −0.0004% | 1h | $17 | — | 10x | |
| OKX MORPHO-USDT-SWAP | −0.188% | +0.0100% | 4h | $3.3M | $5.8M | 20x | as long as short |
| Extended MORPHO-USD | −0.176% | +0.0104% | 1h | $104K | $310K | 10x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.166% | −0.1122% | 1h | $11K | $443 | 10x | as long as short |
| Variational Omni MORPHO | −0.165% | +0.0100% | 4h | $673K | $1.4M | — | as long as short |
| Polymarket Perps MORPHO-USD | −0.162% | −0.0244% | 1h | $33K | $3.0M | 5x | as long as short |
| Binance MORPHOUSDT | −0.130% | +0.0100% | 4h | $16.9M | $29.6M | 75x | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin MORPHO-USDT | −0.123% | −0.0200% | 4h | $690K | $251K | 20x | as long as short |
| SoDEX MORPHO-USD | −0.112% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Phoenix MORPHO | −0.105% | 0.0000% | 1h | $35K | $500K | 5x | as long as short |
| KuCoin MORPHOUSDTM | −0.069% | +0.0100% | 4h | $643K | $338K | 50x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | −0.062% | L +0.0191% / S −0.0633% | 1h | $1K | — | 100x | as long as short |
| Aster MORPHOUSDT | −0.034% | +0.0100% | 4h | $60K | $34K | 20x | as long as short |
| Bybit MORPHOUSDT | −0.014% | −0.0113% | 4h | $9.0M | $10.8M | 25x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.009% | −0.0369% | 1h | $98K | $196K | 20x | as long as short |
| Bitget MORPHOUSDTlong | 0.000% | +0.0100% | 4h | $3.0M | $2.5M | 75x | |
| BingX MORPHO-USDT | +0.004% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| MEXC MORPHO_USDT | +0.011% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Lighter MORPHO | +0.014% | +0.0096% | 1h | $320K | $461K | 5x | as long as short |
| Gate MORPHO_USDT | +0.032% | −0.0430% | 4h | $772K | $572K | 50x | as long as short |
| Hyperliquid MORPHO | +0.195% | +0.0100% | 1h | $6.8M | $7.9M | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | +0.300% | −0.0032% | 1h | $81K | $53K | 25x | as long as short |