Spread before costs (cost unknown: a leg has no order-book sample)−0.108%
7d average+0.040%if it closes, per $10,000$11funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MORPHOUSDT | 2.7649 | 0.0100 | pay 0.0050% / 4h | 1h 10m | $3.0M | $2.6M | 75x |
| Short | Variational Omni MORPHO | 2.7619 | 0.0100 | get 0.0050% / 4h | 1h 10m | $674K | $1.4M | — |
Bitget MORPHOUSDT
Variational Omni MORPHOPrice 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
- −$10.83
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$22.83
- Spread needed to break even
- 0.120%
Slippage unknown: Bitget: live order book, 4 min ago; Variational Omni: RFQ quote, 1 min ago. 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, 4 min ago | 6.73 bp | 23.9 bp −$24 | 88.1 bp −$881 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 8.14 bp | doesn't fit | 65.1 bp −$651 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.7130cheapest
InjectiveVariational Omni2.7619+1.803%
BloFin2.7627+1.832%Phoenix2.7634+1.858%KuCoin2.7640+1.880%Extended2.7643+1.890%MEXC2.7644+1.895%Coinbase International2.7644+1.895%Binance2.7648+1.909%Gate2.7648+1.909%
BloFin
Phoenix
KuCoin
Extended
MEXC
Coinbase International
Binance
GateBitget2.7649+1.913%
SoDEX2.7651+1.920%Deribit2.7651+1.920%Reya2.7651+1.921%OKX2.7652+1.924%Orderly2.7652+1.924%Paradex2.7658+1.946%BingX2.7658+1.946%Polymarket Perps2.7667+1.979%GMX2.7679+2.023%Aster2.7679+2.025%Bybit2.7680+2.027%Kraken Futures2.7683+2.038%Lighter2.7686+2.050%Hyperliquid2.7720+2.175%
SoDEX
Deribit
Reya
OKX
Orderly
Paradex
BingX
Polymarket Perps
GMX
Aster
Bybit
Kraken Futures
Lighter
HyperliquidMORPHO on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −1.877% | +0.0033% | 1h | $38 | $137K | 5.5x | as long as short |
| Variational Omni MORPHOshort | −0.108% | +0.0100% | 4h | $674K | $1.4M | — | |
| BloFin MORPHO-USDT | −0.080% | −0.0200% | 4h | $687K | $257K | 20x | as long as short |
| Phoenix MORPHO | −0.054% | −0.0058% | 1h | $36K | $514K | 5x | as long as short |
| KuCoin MORPHOUSDTM | −0.033% | +0.0100% | 4h | $631K | $356K | 50x | as long as short |
| Extended MORPHO-USD | −0.023% | +0.0104% | 1h | $104K | $310K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.018% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.018% | −0.0032% | 1h | $80K | $53K | 25x | as long as short |
| Binance MORPHOUSDT | −0.004% | +0.0100% | 4h | $16.9M | $30.2M | 75x | as long as short |
| Gate MORPHO_USDT | −0.004% | −0.0328% | 4h | $779K | $592K | 50x | as long as short |