Spread before costs (cost unknown: a leg has no order-book sample)−0.265%
7d average—if it closes, per $10,000$26funding while held, a day+$10.43
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MORPHO-PERP-INTX | 2.6876 | −0.0352 | get 0.0044% / 1h | 40m 24s | $78K | $47K | 25x |
| Short | Reya MORPHORUSDPERP | 2.6805 | −0.0004 | pay 0.0001% / 1h | 40m 24s | $16 | — | 10x |
Coinbase International MORPHO-PERP-INTX
Reya MORPHORUSDPERPPrice 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
- −$26.5
- Funding while held
- $10.43
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$32.07
- Spread needed to break even
- 0.160%
Slippage unknown: Coinbase International: no order-book sample; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0348%
- Per $10,000 a day
- +$10.43
- 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 Reya no order-book sample | — | — | — | — | — |
Coinbase International and Reya: 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.01 Exchange2.6753cheapestParadex2.6779+0.097%MEXC2.6782+0.108%BloFin2.6787+0.127%KuCoin2.6789+0.135%Orderly2.6798+0.168%Kraken Futures2.6800+0.174%Gate2.6802+0.183%Polymarket Perps2.6802+0.183%SoDEX2.6802+0.183%Extended2.6804+0.190%
Paradex
MEXC
BloFin
KuCoin
Orderly
Kraken Futures
Gate
Polymarket Perps
SoDEX
ExtendedReya2.6805+0.194%
Binance2.6806+0.200%Bybit2.6810+0.213%Aster2.6812+0.221%Deribit2.6813+0.224%BingX2.6815+0.232%Variational Omni2.6816+0.236%Bitget2.6818+0.243%OKX2.6823+0.262%GMX2.6830+0.288%Lighter2.6852+0.372%Phoenix2.6853+0.374%Hyperliquid2.6858+0.392%
Binance
Bybit
Aster
Deribit
BingX
Variational Omni
Bitget
OKX
GMX
Lighter
Phoenix
HyperliquidCoinbase International2.6876+0.460%
Injective2.7130+1.409%
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.458% | −0.0496% | 1h | $879 | $12K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.361% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| MEXC MORPHO_USDT | −0.350% | +0.0058% | 4h | $4.8M | $1.2M | 100x | as long as short |
| BloFin MORPHO-USDT | −0.331% | −0.0117% | 4h | $664K | $205K | 20x | as long as short |
| KuCoin MORPHOUSDTM | −0.324% | +0.0100% | 4h | $598K | $346K | 50x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.290% | −0.0210% | 4h | $10K | $34K | 10x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.285% | −0.2229% | 1h | $85K | $165K | 20x | as long as short |
| Gate MORPHO_USDT | −0.275% | −0.0580% | 4h | $773K | $538K | 50x | as long as short |
| Polymarket Perps MORPHO-USD | −0.275% | −0.0297% | 1h | $27K | $2.7M | 5x | as long as short |
| SoDEX MORPHO-USD | −0.275% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended MORPHO-USD | −0.268% | +0.0064% | 1h | $101K | $304K | 10x | as long as short |
| Reya MORPHORUSDPERPshort | −0.265% | −0.0004% | 1h | $16 | — | 10x | |
| Binance MORPHOUSDT | −0.259% | +0.0062% | 4h | $16.5M | $27.4M | 75x | as long as short |
| Bybit MORPHOUSDT | −0.246% | −0.0125% | 4h | $8.8M | $10.3M | 25x | as long as short |
| Aster MORPHOUSDT | −0.238% | +0.0100% | 4h | $58K | $32K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.234% | −0.0942% | 1h | $10K | $745 | 10x | as long as short |
| BingX MORPHO-USDT | −0.227% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| Variational Omni MORPHO | −0.222% | +0.0100% | 4h | $654K | $1.4M | — | as long as short |
| Bitget MORPHOUSDT | −0.216% | +0.0100% | 4h | $2.9M | $2.1M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.197% | +0.0100% | 4h | $3.2M | $4.6M | 20x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | −0.171% | L +0.0157% / S −0.0698% | 1h | $2K | — | 100x | as long as short |
| Lighter MORPHO | −0.088% | +0.0096% | 1h | $320K | $364K | 5x | as long as short |
| Phoenix MORPHO | −0.086% | −0.0030% | 1h | $35K | $478K | 5x | as long as short |
| Hyperliquid MORPHO | −0.067% | +0.0100% | 1h | $6.4M | $7.1M | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTXlong | 0.000% | −0.0352% | 1h | $78K | $47K | 25x | |
| Injective MORPHO/USDC PERP | +0.945% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |