Spread before costs (cost unknown: a leg has no order-book sample)−0.594%
7d average—if it closes, per $10,000$59funding while held, a day+$11.56
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MORPHO-PERP-INTX | 2.6920 | −0.0352 | get 0.0044% / 1h | 14m 04s | $78K | $47K | 25x |
| Short | Injective MORPHO/USDC PERP | 2.6760 | 0.0033 | get 0.0004% / 1h | 14m 04s | $37 | $39K | 5.5x |
Coinbase International MORPHO-PERP-INTX
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
- −$59.44
- Funding while held
- $11.56
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$57.9
- Spread needed to break even
- 0.100%
Slippage unknown: Coinbase International: no order-book sample; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0385%
- Per $10,000 a day
- +$11.56
- 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 Injective no order-book sample | — | — | — | — | — |
Coinbase International and 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 Futures2.6820+0.224%SoDEX2.6855+0.355%Binance2.6856+0.359%Deribit2.6858+0.366%Orderly2.6861+0.377%BingX2.6870+0.411%Aster2.6874+0.424%MEXC2.6874+0.426%Variational Omni2.6876+0.433%Bitget2.6877+0.437%Gate2.6878+0.441%Extended2.6879+0.446%Bybit2.6880+0.448%01 Exchange2.6882+0.456%OKX2.6883+0.460%Polymarket Perps2.6884+0.463%Paradex2.6890+0.486%KuCoin2.6892+0.493%BloFin2.6893+0.497%Phoenix2.6897+0.512%Reya2.6897+0.513%GMX2.6913+0.572%Lighter2.6914+0.576%
Kraken Futures
SoDEX
Binance
Deribit
Orderly
BingX
Aster
MEXC
Variational Omni
Bitget
Gate
Extended
Bybit
OKX
Polymarket Perps
Paradex
KuCoin
BloFin
Phoenix
Reya
GMX
LighterCoinbase International2.6920+0.598%
Hyperliquid2.6934+0.650%
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 | −0.594% | +0.0033% | 1h | $37 | $39K | 5.5x | |
| Kraken Futures PF_MORPHOUSD | −0.372% | −0.2227% | 1h | $85K | $164K | 20x | as long as short |
| SoDEX MORPHO-USD | −0.241% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| Binance MORPHOUSDT | −0.238% | +0.0091% | 4h | $16.5M | $27.2M | 75x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.230% | −0.0680% | 1h | $10K | $745 | 10x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.219% | −0.0207% | 4h | $10K | $34K | 10x | as long as short |
| BingX MORPHO-USDT | −0.186% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| Aster MORPHOUSDT | −0.173% | +0.0100% | 4h | $59K | $33K | 20x | as long as short |
| MEXC MORPHO_USDT | −0.171% | +0.0086% | 4h | $5.1M | $1.2M | 100x | as long as short |
| Variational Omni MORPHO | −0.164% | +0.0017% | 4h | $652K | $1.4M | — | as long as short |