After costs, if the gap returns to its 7d average, $10k−$206
spread now−0.011%7d average+0.045%fees + slippage, in and out−$200spread needed2.003%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MORPHO-USDT | 2.7456 | −0.0200 | get 0.0100% / 4h | 1m 42s | $689K | $250K | 20x |
| Short | KuCoin MORPHOUSDTM | 2.7453 | 0.0100 | get 0.0050% / 4h | 1m 42s | $667K | $381K | 50x |
BloFin MORPHO-USDT
KuCoin MORPHOUSDTMPrice 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
- −$1.09
- Funding while held
- $9
- Slippage, 4 orders
- −$176.31
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$192.4
- Spread needed to break even
- 2.003%
Slippage from BloFin: live order book, 42 min ago; KuCoin: live order book, 69 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0300%
- Per $10,000 a day
- +$9.00
- 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 BloFin live order book, 42 min ago | 0.36 bp | 22.1 bp −$22 | 41.4 bp −$414 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 69 min ago | 14.66 bp | 106.4 bp −$106 | 201.3 bp −$2,013 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.7130cheapest01 Exchange2.7358+0.840%Extended2.7404+1.010%MEXC2.7408+1.025%Binance2.7412+1.039%Paradex2.7412+1.041%Orderly2.7415+1.050%Deribit2.7419+1.065%SoDEX2.7421+1.073%OKX2.7432+1.113%BingX2.7432+1.113%Polymarket Perps2.7435+1.124%Kraken Futures2.7435+1.126%Reya2.7438+1.135%Gate2.7441+1.146%Bybit2.7443+1.154%Aster2.7448+1.174%GMX2.7452+1.187%
Injective
Extended
MEXC
Binance
Paradex
Orderly
Deribit
SoDEX
OKX
BingX
Polymarket Perps
Kraken Futures
Reya
Gate
Bybit
Aster
GMXKuCoin2.7453+1.191%
BloFin2.7456+1.202%
Bitget2.7457+1.205%Lighter2.7459+1.213%Hyperliquid2.7491+1.331%Variational Omni2.7504+1.378%Coinbase International2.7504+1.379%Phoenix2.7507+1.390%
Bitget
Lighter
Hyperliquid
Variational Omni
Coinbase International
PhoenixMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −1.187% | +0.0033% | 1h | $38 | $85K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.357% | −0.1104% | 1h | $899 | $8K | 5x | as long as short |
| Extended MORPHO-USD | −0.189% | +0.0104% | 1h | $103K | $310K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.175% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Binance MORPHOUSDT | −0.160% | +0.0100% | 4h | $16.9M | $30.9M | 75x | as long as short |
| Paradex MORPHO-USD-PERP | −0.159% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.149% | −0.0116% | 4h | $11K | $34K | 10x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.135% | −0.1170% | 1h | $11K | $443 | 10x | as long as short |
| SoDEX MORPHO-USD | −0.127% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.087% | +0.0100% | 4h | $3.3M | $5.8M | 20x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX MORPHO-USDT | −0.087% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| Polymarket Perps MORPHO-USD | −0.076% | −0.0356% | 1h | $28K | $3.0M | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.075% | −0.0093% | 1h | $99K | $188K | 20x | as long as short |
| Reya MORPHORUSDPERP | −0.066% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Gate MORPHO_USDT | −0.055% | −0.0288% | 4h | $774K | $600K | 50x | as long as short |
| Bybit MORPHOUSDT | −0.047% | −0.0066% | 4h | $9.1M | $11.3M | 25x | as long as short |
| Aster MORPHOUSDT | −0.027% | +0.0100% | 4h | $60K | $34K | 20x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | −0.014% | L +0.0197% / S −0.0897% | 1h | $2K | — | 100x | as long as short |
| KuCoin MORPHOUSDTMshort | −0.011% | +0.0100% | 4h | $667K | $381K | 50x | |
| BloFin MORPHO-USDTlong | 0.000% | −0.0200% | 4h | $689K | $250K | 20x | |
| Bitget MORPHOUSDT | +0.004% | +0.0100% | 4h | $3.0M | $2.6M | 75x | as long as short |
| Lighter MORPHO | +0.011% | +0.0096% | 1h | $322K | $503K | 5x | as long as short |
| Hyperliquid MORPHO | +0.127% | +0.0100% | 1h | $6.7M | $8.1M | 5x | as long as short |
| Variational Omni MORPHO | +0.174% | +0.0083% | 4h | $671K | $1.4M | — | as long as short |
| Coinbase International MORPHO-PERP-INTX | +0.175% | −0.0144% | 1h | $80K | $53K | 25x | as long as short |
| Phoenix MORPHO | +0.186% | −0.0029% | 1h | $35K | $560K | 5x | as long as short |