Spread before costs (cost unknown: a leg has no order-book sample)−0.465%
7d average—if it closes, per $10,000$46funding while held, a day+$5.89
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MORPHOUSDT | 2.6885 | −0.0163 | get 0.0082% / 4h | 1h 14m | $8.8M | $10.2M | 25x |
| Short | Injective MORPHO/USDC PERP | 2.6760 | 0.0033 | get 0.0004% / 1h | 14m 30s | $37 | $39K | 5.5x |
Bybit MORPHOUSDT
Injective MORPHO/USDC 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
- −$46.49
- Funding while held
- $5.89
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$51.62
- Spread needed to break even
- 0.110%
Slippage unknown: Bybit: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0196%
- Per $10,000 a day
- +$5.89
- 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 | 5.58 bp | 19.8 bp −$20 | 64.8 bp −$648 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.Injective2.6760cheapest
Kraken Futures2.6831+0.265%Variational Omni2.6876+0.433%Extended2.6880+0.449%01 Exchange2.6882+0.456%Aster2.6883+0.459%Orderly2.6883+0.460%Gate2.6884+0.463%Polymarket Perps2.6884+0.463%Binance2.6885+0.467%
Kraken Futures
Variational Omni
Extended
Aster
Orderly
Gate
Polymarket Perps
BinanceBybit2.6885+0.467%
SoDEX2.6886+0.471%Paradex2.6890+0.486%BloFin2.6893+0.497%MEXC2.6894+0.501%Deribit2.6896+0.508%Phoenix2.6897+0.512%Reya2.6897+0.513%BingX2.6899+0.519%KuCoin2.6901+0.527%Bitget2.6904+0.538%OKX2.6912+0.568%GMX2.6913+0.572%Coinbase International2.6920+0.598%Lighter2.6932+0.642%Hyperliquid2.6962+0.755%
SoDEX
Paradex
BloFin
MEXC
Deribit
Phoenix
Reya
BingX
KuCoin
Bitget
OKX
GMX
Coinbase International
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 PERPshort | −0.465% | +0.0033% | 1h | $37 | $39K | 5.5x | |
| Kraken Futures PF_MORPHOUSD | −0.201% | −0.2226% | 1h | $85K | $164K | 20x | as long as short |
| Variational Omni MORPHO | −0.034% | +0.0017% | 4h | $652K | $1.4M | — | as long as short |
| Extended MORPHO-USD | −0.018% | +0.0088% | 1h | $101K | $304K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.011% | −0.0600% | 1h | $883 | $12K | 5x | as long as short |
| Aster MORPHOUSDT | −0.008% | +0.0100% | 4h | $59K | $33K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.007% | −0.0208% | 4h | $10K | $34K | 10x | as long as short |
| Gate MORPHO_USDT | −0.004% | −0.0506% | 4h | $776K | $539K | 50x | as long as short |
| Polymarket Perps MORPHO-USD | −0.004% | −0.0244% | 1h | $24K | $2.2M | 5x | as long as short |
| Binance MORPHOUSDT | 0.000% | +0.0091% | 4h | $16.5M | $27.2M | 75x | as long as short |