After costs, if the gap returns to its 7d average, $10k−$64
spread now−0.041%7d average−0.104%fees + slippage, in and out−$70spread needed0.705%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MORPHOUSDT | 2.6752 | −0.0145 | get 0.0072% / 4h | 1h 59m | $8.8M | $10.3M | 25x |
| Short | Bitget MORPHOUSDT | 2.6741 | 0.0100 | get 0.0050% / 4h | 1h 59m | $2.9M | $2.1M | 75x |
Bybit MORPHOUSDT
Bitget MORPHOUSDTPrice 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
- −$4.11
- Funding while held
- $7.35
- Slippage, 4 orders
- −$47.47
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$67.24
- Spread needed to break even
- 0.705%
Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0245%
- Per $10,000 a day
- +$7.35
- 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 Bybit live order book, 5 min ago | 1.87 bp | 13.4 bp −$13 | 59.2 bp −$592 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 4.50 bp | 18.6 bp −$19 | 74.7 bp −$747 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Kraken Futures2.6675cheapest01 Exchange2.6705+0.113%Coinbase International2.6709+0.128%Phoenix2.6710+0.132%Gate2.6722+0.177%KuCoin2.6728+0.200%Polymarket Perps2.6731+0.211%Extended2.6735+0.224%Binance2.6736+0.230%SoDEX2.6739+0.241%MEXC2.6740+0.245%
Kraken Futures
Coinbase International
Phoenix
Gate
KuCoin
Polymarket Perps
Extended
Binance
SoDEX
MEXCBitget2.6741+0.248%
Variational Omni2.6743+0.254%BloFin2.6745+0.263%Orderly2.6746+0.267%Reya2.6747+0.270%Paradex2.6747+0.270%Aster2.6749+0.279%BingX2.6751+0.286%Deribit2.6751+0.286%
Variational Omni
BloFin
Orderly
Reya
Paradex
Aster
BingX
DeribitBybit2.6752+0.290%
OKX2.6756+0.305%GMX2.6766+0.342%Lighter2.6769+0.353%Hyperliquid2.6784+0.409%Injective2.7130+1.707%
OKX
GMX
Lighter
Hyperliquid
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MORPHOUSD | −0.289% | −0.0937% | 1h | $84K | $167K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.176% | −0.0864% | 1h | $878 | $11K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.161% | −0.0336% | 1h | $77K | $47K | 25x | as long as short |
| Phoenix MORPHO | −0.157% | −0.0059% | 1h | $34K | $517K | 5x | as long as short |
| Gate MORPHO_USDT | −0.112% | −0.0666% | 4h | $766K | $534K | 50x | as long as short |
| KuCoin MORPHOUSDTM | −0.090% | +0.0100% | 4h | $595K | $344K | 50x | as long as short |
| Polymarket Perps MORPHO-USD | −0.078% | −0.0472% | 1h | $27K | $2.7M | 5x | as long as short |
| Extended MORPHO-USD | −0.065% | +0.0016% | 1h | $101K | $304K | 10x | as long as short |
| Binance MORPHOUSDT | −0.059% | +0.0017% | 4h | $16.5M | $27.5M | 75x | as long as short |
| SoDEX MORPHO-USD | −0.049% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC MORPHO_USDT | −0.045% | +0.0012% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Bitget MORPHOUSDTshort | −0.041% | +0.0100% | 4h | $2.9M | $2.1M | 75x | |
| Variational Omni MORPHO | −0.035% | +0.0062% | 4h | $652K | $1.4M | — | as long as short |
| BloFin MORPHO-USDT | −0.026% | −0.0231% | 4h | $668K | $205K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.022% | −0.0203% | 4h | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.020% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Paradex MORPHO-USD-PERP | −0.019% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDT | −0.011% | +0.0100% | 4h | $58K | $31K | 20x | as long as short |
| BingX MORPHO-USDT | −0.004% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.004% | −0.1057% | 1h | $10K | $745 | 10x | as long as short |
| Bybit MORPHOUSDTlong | 0.000% | −0.0145% | 4h | $8.8M | $10.3M | 25x | |
| OKX MORPHO-USDT-SWAP | +0.015% | +0.0100% | 4h | $3.2M | $4.6M | 20x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | +0.053% | L +0.0158% / S −0.0698% | 1h | $2K | — | 100x | as long as short |
| Lighter MORPHO | +0.064% | +0.0096% | 1h | $315K | $359K | 5x | as long as short |
| Hyperliquid MORPHO | +0.120% | +0.0100% | 1h | $6.4M | $7.1M | 5x | as long as short |
| Injective MORPHO/USDC PERP | +1.413% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |