Spread before costs (cost unknown: a leg has no order-book sample)−0.193%
7d average—if it closes, per $10,000$19funding while held, a day+$2.68
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MORPHO-USDT | 2.7465 | −0.0200 | get 0.0100% / 4h | 10m 07s | $691K | $250K | 20x |
| Short | Orderly PERP_MORPHO_USDC | 2.7412 | −0.0111 | pay 0.0055% / 4h | 10m 07s | $11K | $34K | 10x |
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDCPrice 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
- −$19.3
- Funding while held
- $2.68
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$34.62
- Spread needed to break even
- 0.180%
Slippage unknown: BloFin: live order book, 33 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0089%
- Per $10,000 a day
- +$2.68
- 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 | 0.36 bp | 22.1 bp −$22 | 41.4 bp −$414 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 Exchange2.7360+0.848%Extended2.7410+1.030%MEXC2.7412+1.039%
Injective
Extended
MEXCOrderly2.7412+1.039%
SoDEX2.7412+1.039%Deribit2.7412+1.039%OKX2.7414+1.047%Binance2.7418+1.062%Bitget2.7418+1.062%Paradex2.7418+1.063%Reya2.7429+1.103%Kraken Futures2.7431+1.109%Polymarket Perps2.7431+1.109%KuCoin2.7435+1.124%BingX2.7436+1.128%Bybit2.7438+1.135%Gate2.7442+1.150%Aster2.7446+1.166%Variational Omni2.7454+1.193%GMX2.7455+1.198%Lighter2.7456+1.201%Phoenix2.7460+1.216%
SoDEX
Deribit
OKX
Binance
Bitget
Paradex
Reya
Kraken Futures
Polymarket Perps
KuCoin
BingX
Bybit
Gate
Aster
Variational Omni
GMX
Lighter
PhoenixBloFin2.7465+1.235%
Hyperliquid2.7498+1.356%Coinbase International2.7504+1.379%
Hyperliquid
Coinbase InternationalMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −1.220% | +0.0033% | 1h | $38 | $85K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.382% | −0.1128% | 1h | $899 | $8K | 5x | as long as short |
| Extended MORPHO-USD | −0.202% | +0.0104% | 1h | $103K | $310K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.193% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Orderly PERP_MORPHO_USDCshort | −0.193% | −0.0111% | 4h | $11K | $34K | 10x | |
| SoDEX MORPHO-USD | −0.193% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.193% | −0.1171% | 1h | $11K | $443 | 10x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.186% | +0.0100% | 4h | $3.3M | $5.8M | 20x | as long as short |
| Binance MORPHOUSDT | −0.171% | +0.0100% | 4h | $16.9M | $30.9M | 75x | as long as short |
| Bitget MORPHOUSDT | −0.171% | +0.0100% | 4h | $3.0M | $2.6M | 75x | as long as short |