Spread before costs (cost unknown: a leg has no order-book sample)−0.090%
7d average—if it closes, per $10,000$9funding while held, a day+$11.09
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MORPHO-PERP-INTX | 2.6709 | −0.0352 | get 0.0044% / 1h | 58m 18s | $77K | $47K | 25x |
| Short | Binance MORPHOUSDT | 2.6685 | 0.0018 | get 0.0009% / 4h | 1h 58m | $16.4M | $27.4M | 75x |
Coinbase International MORPHO-PERP-INTX
Binance 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
- −$8.99
- Funding while held
- $11.09
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$17.89
- Spread needed to break even
- 0.200%
Slippage unknown: Coinbase International: no order-book sample; Binance: live order book, 14 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0370%
- Per $10,000 a day
- +$11.09
- 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 14 min ago | 0.94 bp | 20.9 bp −$21 | 44.0 bp −$440 | doesn't fit | doesn't fit |
Coinbase International: 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 Futures2.6657cheapest01 Exchange2.6662+0.017%Extended2.6684+0.098%
Kraken Futures
ExtendedBinance2.6685+0.103%
MEXC2.6686+0.107%Gate2.6693+0.133%Polymarket Perps2.6693+0.133%SoDEX2.6695+0.141%KuCoin2.6696+0.145%Orderly2.6701+0.163%Paradex2.6701+0.164%Deribit2.6703+0.171%
MEXC
Gate
Polymarket Perps
SoDEX
KuCoin
Orderly
Paradex
DeribitCoinbase International2.6709+0.193%
Aster2.6709+0.195%BingX2.6710+0.197%OKX2.6711+0.201%Reya2.6718+0.228%BloFin2.6719+0.231%Bybit2.6720+0.235%GMX2.6729+0.270%Lighter2.6730+0.274%Bitget2.6732+0.280%Variational Omni2.6743+0.319%Hyperliquid2.6743+0.321%Phoenix2.6771+0.426%Injective2.7130+1.773%
Aster
BingX
OKX
Reya
BloFin
Bybit
GMX
Lighter
Bitget
Variational Omni
Hyperliquid
Phoenix
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 | −0.193% | −0.2241% | 1h | $84K | $167K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.176% | −0.0824% | 1h | $876 | $11K | 5x | as long as short |
| Extended MORPHO-USD | −0.095% | +0.0016% | 1h | $101K | $304K | 10x | as long as short |
| Binance MORPHOUSDTshort | −0.090% | +0.0018% | 4h | $16.4M | $27.4M | 75x | |
| MEXC MORPHO_USDT | −0.086% | +0.0016% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Gate MORPHO_USDT | −0.060% | −0.0668% | 4h | $766K | $534K | 50x | as long as short |
| Polymarket Perps MORPHO-USD | −0.060% | −0.0631% | 1h | $27K | $2.7M | 5x | as long as short |
| SoDEX MORPHO-USD | −0.052% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| KuCoin MORPHOUSDTM | −0.049% | +0.0100% | 4h | $594K | $344K | 50x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.030% | −0.0204% | 4h | $10K | $34K | 10x | as long as short |