Spread before costs (cost unknown: a leg has no order-book sample)+0.242%
7d average—if it closes, per $10,000$24funding while held, a day+$7.20
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MORPHO-PERP-INTX | 2.7402 | −0.0144 | get 0.0018% / 1h | 13m 22s | $80K | $53K | 25x |
| Short | Lighter MORPHO | 2.7468 | 0.0096 | get 0.0012% / 1h | 13m 22s | $322K | $503K | 5x |
Coinbase International MORPHO-PERP-INTX
Lighter MORPHOPrice 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
- $24.2
- Funding while held
- $7.2
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $21.4
- Spread needed to break even
- 0.100%
Slippage unknown: Coinbase International: no order-book sample; Lighter: live order book, 28 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0240%
- Per $10,000 a day
- +$7.20
- 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 Lighter live order book, 28 min ago | 2.73 bp | 11.9 bp −$12 | 154.2 bp −$1,542 | 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 Omni2.7368+0.876%01 Exchange2.7376+0.907%BloFin2.7391+0.962%
Injective
Variational Omni
BloFinCoinbase International2.7402+1.003%
Extended2.7423+1.079%Binance2.7425+1.089%MEXC2.7430+1.106%SoDEX2.7430+1.106%Deribit2.7431+1.109%Reya2.7432+1.115%Bitget2.7434+1.121%Gate2.7436+1.128%Polymarket Perps2.7436+1.128%Orderly2.7436+1.128%Paradex2.7437+1.133%OKX2.7442+1.150%Kraken Futures2.7442+1.150%Phoenix2.7443+1.154%BingX2.7447+1.168%Bybit2.7455+1.198%KuCoin2.7459+1.213%GMX2.7465+1.236%
Extended
Binance
MEXC
SoDEX
Deribit
Reya
Bitget
Gate
Polymarket Perps
Orderly
Paradex
OKX
Kraken Futures
Phoenix
BingX
Bybit
KuCoin
GMXLighter2.7468+1.247%
Aster2.7475+1.271%Hyperliquid2.7500+1.364%
Aster
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 | −0.993% | +0.0033% | 1h | $38 | $85K | 5.5x | as long as short |
| Variational Omni MORPHO | −0.125% | +0.0050% | 4h | $669K | $1.4M | — | as long as short |
| 01 Exchange MORPHOUSD | −0.095% | −0.1136% | 1h | $900 | $8K | 5x | as long as short |
| BloFin MORPHO-USDT | −0.040% | −0.0200% | 4h | $691K | $249K | 20x | as long as short |
| Coinbase International MORPHO-PERP-INTXlong | 0.000% | −0.0144% | 1h | $80K | $53K | 25x | |
| Extended MORPHO-USD | +0.076% | +0.0104% | 1h | $103K | $310K | 10x | as long as short |
| Binance MORPHOUSDT | +0.085% | +0.0100% | 4h | $16.9M | $31.0M | 75x | as long as short |
| MEXC MORPHO_USDT | +0.102% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| SoDEX MORPHO-USD | +0.102% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | +0.106% | −0.1170% | 1h | $11K | $443 | 10x | as long as short |