Spread before costs (cost unknown: a leg has no order-book sample)+0.066%
7d average—if it closes, per $10,000$7funding while held, a day+$1.54
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MORPHO-PERP-INTX | 2.7504 | −0.0144 | get 0.0018% / 1h | 6m 18s | $80K | $53K | 25x |
| Short | Kraken Futures PF_MORPHOUSD | 2.7522 | −0.0093 | pay 0.0012% / 1h | 6m 18s | $99K | $188K | 20x |
Coinbase International MORPHO-PERP-INTX
Kraken Futures PF_MORPHOUSDPrice 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
- $6.65
- Funding while held
- $1.54
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$11.81
- Spread needed to break even
- 0.200%
Slippage unknown: Coinbase International: no order-book sample; Kraken Futures: live order book, 43 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0051%
- Per $10,000 a day
- +$1.54
- 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 Kraken Futures live order book, 43 min ago | 24.24 bp | 58.5 bp −$58 | 155.5 bp −$1,555 | 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.Injective2.7130cheapestVariational Omni2.7454+1.193%Phoenix2.7460+1.216%01 Exchange2.7463+1.227%Gate2.7482+1.297%KuCoin2.7483+1.301%BloFin2.7495+1.345%Paradex2.7497+1.352%SoDEX2.7498+1.356%Extended2.7500+1.363%Orderly2.7502+1.371%MEXC2.7503+1.375%OKX2.7504+1.379%
Injective
Variational Omni
Phoenix
Gate
KuCoin
BloFin
Paradex
SoDEX
Extended
Orderly
MEXC
OKXCoinbase International2.7504+1.379%
Binance2.7504+1.379%Bitget2.7507+1.390%Reya2.7507+1.390%Polymarket Perps2.7509+1.397%Bybit2.7510+1.401%BingX2.7513+1.412%Deribit2.7515+1.419%
Binance
Bitget
Reya
Polymarket Perps
Bybit
BingX
DeribitKraken Futures2.7522+1.446%
Lighter2.7523+1.450%Aster2.7524+1.452%GMX2.7543+1.523%Hyperliquid2.7582+1.666%
Lighter
Aster
GMX
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 | −1.360% | +0.0033% | 1h | $38 | $85K | 5.5x | as long as short |
| Variational Omni MORPHO | −0.183% | +0.0073% | 4h | $670K | $1.4M | — | as long as short |
| Phoenix MORPHO | −0.160% | −0.0029% | 1h | $35K | $560K | 5x | as long as short |
| 01 Exchange MORPHOUSD | −0.149% | −0.1120% | 1h | $902 | $8K | 5x | as long as short |
| Gate MORPHO_USDT | −0.080% | −0.0288% | 4h | $775K | $600K | 50x | as long as short |
| KuCoin MORPHOUSDTM | −0.076% | +0.0100% | 4h | $666K | $381K | 50x | as long as short |
| BloFin MORPHO-USDT | −0.033% | −0.0200% | 4h | $691K | $250K | 20x | as long as short |
| Paradex MORPHO-USD-PERP | −0.026% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
| SoDEX MORPHO-USD | −0.022% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Extended MORPHO-USD | −0.016% | +0.0104% | 1h | $103K | $310K | 10x | as long as short |