Spread before costs (cost unknown: a leg has no order-book sample)+0.040%
7d average—if it closes, per $10,000$4funding while held, a day−$0.82
| 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 | 29m 23s | $79K | $52K | 25x |
| Short | Polymarket Perps MORPHO-USD | 2.7374 | −0.0283 | pay 0.0035% / 1h | 29m 23s | $27K | $3.0M | 5x |
Coinbase International MORPHO-PERP-INTX
Polymarket Perps MORPHO-USDPrice 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
- $4.02
- Funding while held
- −$0.82
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$14.8
- Spread needed to break even
- 0.180%
Slippage unknown: Coinbase International: no order-book sample; Polymarket Perps: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0027%
- Per $10,000 a day
- −$0.82
- 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 Polymarket Perps live order book, 1 min ago | 2.74 bp | 6.7 bp −$7 | 7.7 bp −$77 | 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.Injective2.7130cheapestBloFin2.7331+0.741%01 Exchange2.7349+0.807%Phoenix2.7351+0.815%Variational Omni2.7352+0.816%Paradex2.7359+0.844%
Injective
BloFin
Phoenix
Variational Omni
ParadexCoinbase International2.7363+0.859%
MEXC2.7367+0.874%Extended2.7369+0.879%Binance2.7372+0.892%Gate2.7372+0.892%SoDEX2.7372+0.892%
MEXC
Extended
Binance
Gate
SoDEXPolymarket Perps2.7374+0.899%
Orderly2.7379+0.918%Deribit2.7383+0.933%Reya2.7385+0.938%BingX2.7386+0.944%Aster2.7388+0.953%Kraken Futures2.7389+0.955%OKX2.7390+0.958%KuCoin2.7391+0.962%Bybit2.7393+0.969%Bitget2.7398+0.988%Lighter2.7409+1.029%GMX2.7413+1.044%Hyperliquid2.7451+1.183%
Orderly
Deribit
Reya
BingX
Aster
Kraken Futures
OKX
KuCoin
Bybit
Bitget
Lighter
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 | −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 |
| 01 Exchange MORPHOUSD | −0.051% | −0.0688% | 1h | $899 | $10K | 5x | 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 |
| Paradex MORPHO-USD-PERP | −0.015% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTXlong | 0.000% | −0.0256% | 1h | $79K | $52K | 25x | |
| MEXC MORPHO_USDT | +0.015% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Extended MORPHO-USD | +0.020% | +0.0104% | 1h | $103K | $304K | 10x | as long as short |
| Binance MORPHOUSDT | +0.033% | +0.0100% | 4h | $16.9M | $30.5M | 75x | as long as short |