After costs, if the gap returns to its 7d average, $10k−$145
spread now+0.078%7d average−0.014%fees + slippage, in and out−$155spread needed1.546%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MORPHOUSDT | 2.6880 | −0.0177 | get 0.0089% / 4h | 1h 15m | $8.8M | $10.2M | 25x |
| Short | KuCoin MORPHOUSDTM | 2.6901 | 0.0100 | get 0.0050% / 4h | 1h 15m | $601K | $342K | 50x |
Bybit MORPHOUSDT
KuCoin MORPHOUSDTMPrice 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
- $7.81
- Funding while held
- $8.32
- Slippage, 4 orders
- −$131.63
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$138.49
- Spread needed to break even
- 1.546%
Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 26 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0277%
- Per $10,000 a day
- +$8.32
- 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 KuCoin live order book, 26 min ago | 17.36 bp | 51.6 bp −$52 | 204.9 bp −$2,049 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.6760cheapestKraken Futures2.6831+0.265%Binance2.6872+0.419%Variational Omni2.6876+0.433%01 Exchange2.6877+0.437%
Injective
Kraken Futures
Binance
Variational OmniBybit2.6880+0.448%
OKX2.6882+0.456%Orderly2.6883+0.460%Polymarket Perps2.6885+0.467%Extended2.6886+0.469%BingX2.6886+0.471%SoDEX2.6886+0.471%Gate2.6887+0.475%MEXC2.6887+0.475%Bitget2.6892+0.493%BloFin2.6893+0.497%Aster2.6894+0.501%Deribit2.6896+0.508%Paradex2.6896+0.509%Reya2.6896+0.510%Phoenix2.6897+0.512%
OKX
Orderly
Polymarket Perps
Extended
BingX
SoDEX
Gate
MEXC
Bitget
BloFin
Aster
Deribit
Paradex
Reya
PhoenixKuCoin2.6901+0.527%
GMX2.6906+0.547%Coinbase International2.6920+0.598%Lighter2.6936+0.658%Hyperliquid2.6962+0.755%
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 PERP | −0.446% | +0.0033% | 1h | $37 | $39K | 5.5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.183% | −0.2226% | 1h | $85K | $164K | 20x | as long as short |
| Binance MORPHOUSDT | −0.030% | +0.0086% | 4h | $16.5M | $27.2M | 75x | as long as short |
| Variational Omni MORPHO | −0.015% | +0.0017% | 4h | $652K | $1.4M | — | as long as short |
| 01 Exchange MORPHOUSD | −0.011% | −0.0608% | 1h | $883 | $12K | 5x | as long as short |
| Bybit MORPHOUSDTlong | 0.000% | −0.0177% | 4h | $8.8M | $10.2M | 25x | |
| OKX MORPHO-USDT-SWAP | +0.007% | +0.0100% | 4h | $3.2M | $4.6M | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | +0.011% | −0.0208% | 4h | $10K | $34K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | +0.019% | −0.0249% | 1h | $24K | $2.2M | 5x | as long as short |
| Extended MORPHO-USD | +0.021% | +0.0088% | 1h | $101K | $304K | 10x | as long as short |