Spread before costs (cost unknown: a leg has no order-book sample)−0.095%
7d average—if it closes, per $10,000$9funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MORPHOUSDT | 2.7398 | 0.0100 | pay 0.0050% / 4h | 3h 28m | $3.0M | $2.6M | 75x |
| Short | SoDEX MORPHO-USD | 2.7372 | 0.0100 | get 0.0013% / 1h | 28m 59s | $23K | $2K | 5x |
Bitget MORPHOUSDT
SoDEX MORPHO-USDPrice 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
- −$9.49
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$29.49
- Spread needed to break even
- 0.200%
Slippage unknown: Bitget: live order book, 5 min ago; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 | 2.92 bp | 21.1 bp −$21 | 73.9 bp −$739 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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.Injective2.7130cheapest01 Exchange2.7349+0.807%Phoenix2.7351+0.815%Variational Omni2.7352+0.816%Paradex2.7359+0.844%Coinbase International2.7363+0.859%BloFin2.7366+0.870%Extended2.7369+0.882%Gate2.7371+0.888%
Injective
Phoenix
Variational Omni
Paradex
Coinbase International
BloFin
Extended
GateSoDEX2.7372+0.892%
Binance2.7373+0.896%Polymarket Perps2.7374+0.899%MEXC2.7375+0.903%Orderly2.7379+0.918%Deribit2.7383+0.933%Reya2.7385+0.938%Aster2.7387+0.947%Kraken Futures2.7389+0.955%KuCoin2.7390+0.958%OKX2.7397+0.984%
Binance
Polymarket Perps
MEXC
Orderly
Deribit
Reya
Aster
Kraken Futures
KuCoin
OKXBitget2.7398+0.988%
BingX2.7398+0.988%Bybit2.7400+0.995%GMX2.7413+1.044%Lighter2.7424+1.083%Hyperliquid2.7461+1.220%
BingX
Bybit
GMX
Lighter
HyperliquidMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −0.978% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.179% | −0.0688% | 1h | $899 | $10K | 5x | as long as short |
| Phoenix MORPHO | −0.172% | −0.0146% | 1h | $35K | $554K | 5x | as long as short |
| Variational Omni MORPHO | −0.170% | +0.0100% | 4h | $668K | $1.4M | — | as long as short |
| Paradex MORPHO-USD-PERP | −0.142% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.128% | −0.0256% | 1h | $79K | $52K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.117% | −0.0200% | 4h | $678K | $247K | 20x | as long as short |
| Extended MORPHO-USD | −0.105% | +0.0104% | 1h | $103K | $304K | 10x | as long as short |
| Gate MORPHO_USDT | −0.099% | −0.0382% | 4h | $768K | $574K | 50x | as long as short |
| SoDEX MORPHO-USDshort | −0.095% | +0.0100% | 1h | $23K | $2K | 5x |