After costs, if the gap returns to its 7d average, $10k−$87
spread now−0.104%7d average−0.111%fees + slippage, in and out−$88spread needed0.880%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MORPHOUSDT | 2.6882 | −0.0157 | get 0.0078% / 4h | 1h 13m | $8.8M | $10.2M | 25x |
| Short | Extended MORPHO-USD | 2.6854 | 0.0088 | get 0.0011% / 1h | 13m 48s | $101K | $304K | 10x |
Bybit MORPHOUSDT
Extended MORPHO-USDPrice 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
- −$10.39
- Funding while held
- $7.34
- Slippage, 4 orders
- −$72
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$91.05
- Spread needed to break even
- 0.880%
Slippage from Bybit: live order book, 6 min ago; Extended: live order book, 20 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0245%
- Per $10,000 a day
- +$7.34
- 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, 6 min ago | 5.58 bp | 19.8 bp −$20 | 64.8 bp −$648 | doesn't fit | doesn't fit |
| Sell Extended live order book, 20 min ago | 3.92 bp | 23.6 bp −$24 | 174.0 bp −$1,740 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.6760cheapestKraken Futures2.6820+0.224%
Injective
Kraken FuturesExtended2.6854+0.352%
SoDEX2.6855+0.355%Deribit2.6858+0.366%Aster2.6859+0.369%Orderly2.6861+0.377%Variational Omni2.6876+0.433%Gate2.6878+0.441%KuCoin2.6878+0.441%Paradex2.6880+0.450%Binance2.6881+0.453%
SoDEX
Deribit
Aster
Orderly
Variational Omni
Gate
KuCoin
Paradex
BinanceBybit2.6882+0.456%
01 Exchange2.6882+0.456%Polymarket Perps2.6884+0.463%BingX2.6885+0.467%BloFin2.6893+0.497%MEXC2.6897+0.512%Phoenix2.6897+0.512%Reya2.6897+0.513%Bitget2.6898+0.516%GMX2.6913+0.572%Coinbase International2.6920+0.598%OKX2.6929+0.632%Lighter2.6931+0.641%Hyperliquid2.6958+0.740%
Polymarket Perps
BingX
BloFin
MEXC
Phoenix
Reya
Bitget
GMX
Coinbase International
OKX
Lighter
HyperliquidMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −0.454% | +0.0033% | 1h | $37 | $39K | 5.5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.231% | −0.2227% | 1h | $85K | $164K | 20x | as long as short |
| Extended MORPHO-USDshort | −0.104% | +0.0088% | 1h | $101K | $304K | 10x | |
| SoDEX MORPHO-USD | −0.100% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.089% | −0.0680% | 1h | $10K | $745 | 10x | as long as short |
| Aster MORPHOUSDT | −0.087% | +0.0100% | 4h | $59K | $33K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.078% | −0.0207% | 4h | $10K | $34K | 10x | as long as short |
| Variational Omni MORPHO | −0.023% | +0.0017% | 4h | $652K | $1.4M | — | as long as short |
| Gate MORPHO_USDT | −0.015% | −0.0506% | 4h | $777K | $540K | 50x | as long as short |
| KuCoin MORPHOUSDTM | −0.015% | +0.0100% | 4h | $600K | $341K | 50x | as long as short |