Spread before costs (cost unknown: a leg has no order-book sample)−0.331%
7d average—if it closes, per $10,000$33funding while held, a day+$7.32
| 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 | 10m 26s | $80K | $53K | 25x |
| Short | MEXC MORPHO_USDT | 2.7413 | 0.0100 | get 0.0050% / 4h | 10m 26s | $4.9M | $1.3M | 100x |
Coinbase International MORPHO-PERP-INTX
MEXC MORPHO_USDTPrice 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
- −$33.09
- Funding while held
- $7.32
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$39.77
- Spread needed to break even
- 0.140%
Slippage unknown: Coinbase International: no order-book sample; MEXC: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0244%
- Per $10,000 a day
- +$7.32
- 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 3 min ago | 0.55 bp | 6.4 bp −$6 | 40.0 bp −$400 | 161.6 bp −$16.2K | 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.Injective2.7130cheapest01 Exchange2.7360+0.848%Extended2.7410+1.030%Bitget2.7410+1.032%Orderly2.7412+1.039%SoDEX2.7412+1.039%
Injective
Extended
Bitget
Orderly
SoDEXMEXC2.7413+1.043%
OKX2.7414+1.047%Binance2.7415+1.050%Paradex2.7418+1.063%Reya2.7429+1.103%Polymarket Perps2.7431+1.109%KuCoin2.7435+1.124%Bybit2.7438+1.135%BingX2.7441+1.146%Gate2.7442+1.150%Aster2.7451+1.183%Variational Omni2.7454+1.193%GMX2.7455+1.198%Phoenix2.7460+1.216%BloFin2.7465+1.235%Lighter2.7479+1.288%Kraken Futures2.7487+1.315%Deribit2.7490+1.327%Hyperliquid2.7492+1.334%
OKX
Binance
Paradex
Reya
Polymarket Perps
KuCoin
Bybit
BingX
Gate
Aster
Variational Omni
GMX
Phoenix
BloFin
Lighter
Kraken Futures
Deribit
HyperliquidCoinbase International2.7504+1.379%
MORPHO 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 |
| 01 Exchange MORPHOUSD | −0.524% | −0.1128% | 1h | $899 | $8K | 5x | as long as short |
| Extended MORPHO-USD | −0.344% | +0.0104% | 1h | $103K | $310K | 10x | as long as short |
| Bitget MORPHOUSDT | −0.342% | +0.0100% | 4h | $3.0M | $2.6M | 75x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.334% | −0.0111% | 4h | $11K | $34K | 10x | as long as short |
| SoDEX MORPHO-USD | −0.334% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| MEXC MORPHO_USDTshort | −0.331% | +0.0100% | 4h | $4.9M | $1.3M | 100x | |
| OKX MORPHO-USDT-SWAP | −0.327% | +0.0100% | 4h | $3.3M | $5.8M | 20x | as long as short |
| Binance MORPHOUSDT | −0.324% | +0.0100% | 4h | $16.9M | $30.9M | 75x | as long as short |
| Paradex MORPHO-USD-PERP | −0.311% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |