Spread before costs (cost unknown: a leg has no order-book sample)−0.037%
7d average—if it closes, per $10,000$4funding while held, a day−$24.02
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MORPHOUSDT | 2.6744 | −0.0145 | get 0.0072% / 4h | 1h 58m | $8.8M | $10.3M | 25x |
| Short | Deribit MORPHO_USDC-PERPETUAL | 2.6734 | −0.0946 | pay 0.0118% / 1h | 58m 48s | $10K | $745 | 10x |
Bybit MORPHOUSDT
Deribit MORPHO_USDC-PERPETUALPrice 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
- −$3.74
- Funding while held
- −$24.02
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$45.76
- Spread needed to break even
- 0.180%
Slippage unknown: Bybit: live order book, 1 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0801%
- Per $10,000 a day
- −$24.02
- 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, 1 min ago | 3.74 bp | 17.5 bp −$18 | 62.0 bp −$620 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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.Kraken Futures2.6675cheapest01 Exchange2.6705+0.113%Coinbase International2.6709+0.128%SoDEX2.6714+0.147%Gate2.6716+0.155%Binance2.6717+0.158%BloFin2.6719+0.166%Extended2.6719+0.167%KuCoin2.6720+0.170%MEXC2.6721+0.173%Orderly2.6721+0.173%BingX2.6728+0.200%Reya2.6730+0.207%Aster2.6730+0.208%Polymarket Perps2.6731+0.211%Bitget2.6732+0.215%
Kraken Futures
Coinbase International
SoDEX
Gate
Binance
BloFin
Extended
KuCoin
MEXC
Orderly
BingX
Reya
Aster
Polymarket Perps
BitgetDeribit2.6734+0.222%
Variational Omni2.6743+0.254%
Variational OmniBybit2.6744+0.260%
OKX2.6745+0.263%Paradex2.6747+0.271%GMX2.6747+0.272%Lighter2.6749+0.278%Phoenix2.6771+0.361%Hyperliquid2.6776+0.380%Injective2.7130+1.707%
OKX
Paradex
GMX
Lighter
Phoenix
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 | −0.259% | −0.2239% | 1h | $84K | $167K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.146% | −0.0864% | 1h | $878 | $11K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.131% | −0.0352% | 1h | $77K | $47K | 25x | as long as short |
| SoDEX MORPHO-USD | −0.112% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| Gate MORPHO_USDT | −0.105% | −0.0666% | 4h | $766K | $534K | 50x | as long as short |
| Binance MORPHOUSDT | −0.101% | +0.0017% | 4h | $16.5M | $27.5M | 75x | as long as short |
| BloFin MORPHO-USDT | −0.093% | −0.0223% | 4h | $666K | $205K | 20x | as long as short |
| Extended MORPHO-USD | −0.092% | +0.0016% | 1h | $101K | $304K | 10x | as long as short |
| KuCoin MORPHOUSDTM | −0.090% | +0.0100% | 4h | $595K | $344K | 50x | as long as short |
| MEXC MORPHO_USDT | −0.086% | +0.0012% | 4h | $4.8M | $1.2M | 100x | as long as short |