After costs, if the gap returns to its 7d average, $10k−$50
spread now+0.161%7d average+0.131%fees + slippage, in and out−$53spread needed0.526%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MORPHO-USDT | 2.6745 | −0.0231 | get 0.0116% / 4h | 2h 00m | $668K | $205K | 20x |
| Short | Hyperliquid MORPHO | 2.6788 | 0.0100 | get 0.0013% / 1h | 0m 48s | $6.4M | $7.1M | 5x |
BloFin MORPHO-USDT
Hyperliquid 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
- $16.08
- Funding while held
- $9.94
- Slippage, 4 orders
- −$31.63
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$26.62
- Spread needed to break even
- 0.526%
Slippage from BloFin: live order book, 33 min ago; Hyperliquid: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0331%
- Per $10,000 a day
- +$9.94
- 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 BloFin live order book, 33 min ago | 0.56 bp | 14.6 bp −$15 | 29.9 bp −$299 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 1.31 bp | 12.9 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange2.6686cheapestCoinbase International2.6709+0.086%Phoenix2.6710+0.090%Gate2.6717+0.116%Polymarket Perps2.6724+0.142%KuCoin2.6725+0.146%Kraken Futures2.6732+0.172%Variational Omni2.6732+0.173%Aster2.6734+0.179%Extended2.6736+0.186%Paradex2.6736+0.189%Bitget2.6740+0.202%MEXC2.6742+0.210%Reya2.6743+0.213%Orderly2.6743+0.214%Binance2.6743+0.215%
Coinbase International
Phoenix
Gate
Polymarket Perps
KuCoin
Kraken Futures
Variational Omni
Aster
Extended
Paradex
Bitget
MEXC
Reya
Orderly
BinanceBloFin2.6745+0.221%
SoDEX2.6747+0.229%OKX2.6748+0.232%Bybit2.6752+0.247%Lighter2.6754+0.256%BingX2.6755+0.259%Deribit2.6756+0.262%GMX2.6771+0.319%
SoDEX
OKX
Bybit
Lighter
BingX
Deribit
GMXHyperliquid2.6788+0.382%
Injective2.7130+1.664%
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.221% | −0.0880% | 1h | $877 | $11K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.135% | −0.0336% | 1h | $77K | $47K | 25x | as long as short |
| Phoenix MORPHO | −0.131% | −0.0059% | 1h | $34K | $517K | 5x | as long as short |
| Gate MORPHO_USDT | −0.105% | −0.0670% | 4h | $766K | $550K | 50x | as long as short |
| Polymarket Perps MORPHO-USD | −0.079% | −0.0472% | 1h | $27K | $2.7M | 5x | as long as short |
| KuCoin MORPHOUSDTM | −0.075% | +0.0100% | 4h | $595K | $346K | 50x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.049% | −0.0935% | 1h | $84K | $167K | 20x | as long as short |
| Variational Omni MORPHO | −0.048% | +0.0080% | 4h | $652K | $1.4M | — | as long as short |
| Aster MORPHOUSDT | −0.042% | +0.0100% | 4h | $58K | $31K | 20x | as long as short |
| Extended MORPHO-USD | −0.035% | +0.0008% | 1h | $101K | $304K | 10x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex MORPHO-USD-PERP | −0.032% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
| Bitget MORPHOUSDT | −0.019% | +0.0100% | 4h | $2.9M | $2.1M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.011% | +0.0008% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Reya MORPHORUSDPERP | −0.008% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.007% | −0.0203% | 4h | $10K | $34K | 10x | as long as short |
| Binance MORPHOUSDT | −0.006% | +0.0009% | 4h | $16.5M | $27.5M | 75x | as long as short |
| BloFin MORPHO-USDTlong | 0.000% | −0.0231% | 4h | $668K | $205K | 20x | |
| SoDEX MORPHO-USD | +0.007% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.011% | +0.0100% | 4h | $3.2M | $4.6M | 20x | as long as short |
| Bybit MORPHOUSDT | +0.026% | −0.0165% | 4h | $8.8M | $10.3M | 25x | as long as short |
| Lighter MORPHO | +0.034% | +0.0096% | 1h | $315K | $367K | 5x | as long as short |
| BingX MORPHO-USDT | +0.037% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | +0.041% | −0.1131% | 1h | $10K | $745 | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | +0.098% | L +0.0158% / S −0.0698% | 1h | $2K | — | 100x | as long as short |
| Hyperliquid MORPHOshort | +0.161% | +0.0100% | 1h | $6.4M | $7.1M | 5x | |
| Injective MORPHO/USDC PERP | +1.440% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |