Spread before costs (cost unknown: a leg has no order-book sample)+0.169%
7d average—if it closes, per $10,000$17funding while held, a day+$7.85
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MORPHO-USDT | 2.7251 | −0.0162 | get 0.0081% / 4h | 3h 17m | $685K | $246K | 20x |
| Short | Paradex MORPHO-USD-PERP | 2.7297 | 0.0099 | get 0.0099% / 8h | 7h 17m | $5K | $3 | 5x |
BloFin MORPHO-USDT
Paradex MORPHO-USD-PERPPrice 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
- $16.86
- Funding while held
- $7.85
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $8.7
- Spread needed to break even
- 0.160%
Slippage unknown: BloFin: live order book, 21 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0262%
- Per $10,000 a day
- +$7.85
- 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, 21 min ago | 0.55 bp | 17.2 bp −$17 | 30.7 bp −$307 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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.Injective2.7130cheapestCoinbase International2.7134+0.015%Phoenix2.7213+0.306%OKX2.7234+0.383%01 Exchange2.7243+0.417%Gate2.7249+0.439%
Injective
Coinbase International
Phoenix
OKX
GateBloFin2.7251+0.446%
Bitget2.7259+0.475%Variational Omni2.7261+0.483%KuCoin2.7264+0.494%BingX2.7277+0.542%Polymarket Perps2.7278+0.546%Reya2.7280+0.554%Bybit2.7284+0.568%SoDEX2.7288+0.582%Extended2.7288+0.583%MEXC2.7289+0.586%Binance2.7291+0.593%Aster2.7292+0.595%Orderly2.7296+0.612%
Bitget
Variational Omni
KuCoin
BingX
Polymarket Perps
Reya
Bybit
SoDEX
Extended
MEXC
Binance
Aster
OrderlyParadex2.7297+0.615%
Deribit2.7301+0.630%Hyperliquid2.7306+0.649%Lighter2.7309+0.660%Kraken Futures2.7312+0.669%GMX2.7334+0.753%
Deribit
Hyperliquid
Lighter
Kraken Futures
GMXMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −0.444% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.429% | −0.0256% | 1h | $79K | $50K | 25x | as long as short |
| Phoenix MORPHO | −0.139% | −0.0146% | 1h | $35K | $554K | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.062% | +0.0100% | 4h | $3.2M | $5.6M | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.029% | −0.0744% | 1h | $895 | $10K | 5x | as long as short |
| Gate MORPHO_USDT | −0.007% | −0.0460% | 4h | $765K | $574K | 50x | as long as short |
| BloFin MORPHO-USDTlong | 0.000% | −0.0162% | 4h | $685K | $246K | 20x | |
| Bitget MORPHOUSDT | +0.029% | +0.0100% | 4h | $3.0M | $2.5M | 75x | as long as short |
| Variational Omni MORPHO | +0.037% | +0.0100% | 4h | $666K | $1.4M | — | as long as short |
| KuCoin MORPHOUSDTM | +0.048% | +0.0100% | 4h | $660K | $379K | 50x | as long as short |