Spread before costs (cost unknown: a leg has no order-book sample)+0.223%
7d average—if it closes, per $10,000$22funding while held, a day+$3.59
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MORPHO-PERP-INTX | 2.7363 | −0.0256 | get 0.0032% / 1h | 30m 22s | $79K | $52K | 25x |
| Short | Orderly PERP_MORPHO_USDC | 2.7424 | −0.0136 | pay 0.0068% / 4h | 3h 30m | $11K | $34K | 10x |
Coinbase International MORPHO-PERP-INTX
Orderly PERP_MORPHO_USDCPrice 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
- $22.29
- Funding while held
- $3.59
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $9.88
- Spread needed to break even
- 0.160%
Slippage unknown: Coinbase International: no order-book sample; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0120%
- Per $10,000 a day
- +$3.59
- 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 Orderly no order-book sample | — | — | — | — | — |
Coinbase International and Orderly: 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.Injective2.7130cheapestBloFin2.7331+0.741%Phoenix2.7351+0.815%Variational Omni2.7352+0.816%
Injective
BloFin
Phoenix
Variational OmniCoinbase International2.7363+0.859%
MEXC2.7368+0.877%Gate2.7371+0.888%BingX2.7375+0.903%Polymarket Perps2.7377+0.910%Extended2.7379+0.918%01 Exchange2.7381+0.925%SoDEX2.7382+0.929%Reya2.7383+0.931%Binance2.7383+0.933%Bitget2.7384+0.936%KuCoin2.7385+0.940%Paradex2.7385+0.941%Bybit2.7390+0.958%OKX2.7391+0.962%Deribit2.7391+0.962%Kraken Futures2.7396+0.980%Aster2.7401+0.998%GMX2.7421+1.073%
MEXC
Gate
BingX
Polymarket Perps
Extended
SoDEX
Reya
Binance
Bitget
KuCoin
Paradex
Bybit
OKX
Deribit
Kraken Futures
Aster
GMXOrderly2.7424+1.084%
Lighter2.7428+1.097%Hyperliquid2.7456+1.202%
Lighter
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 | −0.852% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |
| BloFin MORPHO-USDT | −0.117% | −0.0200% | 4h | $678K | $247K | 20x | as long as short |
| Phoenix MORPHO | −0.044% | −0.0146% | 1h | $35K | $554K | 5x | as long as short |
| Variational Omni MORPHO | −0.042% | +0.0100% | 4h | $668K | $1.4M | — | as long as short |
| Coinbase International MORPHO-PERP-INTXlong | 0.000% | −0.0256% | 1h | $79K | $52K | 25x | |
| MEXC MORPHO_USDT | +0.018% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Gate MORPHO_USDT | +0.029% | −0.0362% | 4h | $768K | $574K | 50x | as long as short |
| BingX MORPHO-USDT | +0.044% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| Polymarket Perps MORPHO-USD | +0.051% | −0.0273% | 1h | $27K | $3.0M | 5x | as long as short |
| Extended MORPHO-USD | +0.059% | +0.0104% | 1h | $103K | $304K | 10x | as long as short |