Spread before costs (cost unknown: a leg has no order-book sample)−0.083%
7d average—if it closes, per $10,000$8funding while held, a day+$36.93
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MORPHO_USDC-PERPETUAL | 2.6756 | −0.1131 | get 0.0141% / 1h | 0m 51s | $10K | $745 | 10x |
| Short | Aster MORPHOUSDT | 2.6734 | 0.0100 | get 0.0050% / 4h | 2h 00m | $58K | $31K | 20x |
Deribit MORPHO_USDC-PERPETUAL
Aster MORPHOUSDTPrice 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
- −$8.35
- Funding while held
- $36.93
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $13.58
- Spread needed to break even
- 0.150%
Slippage unknown: Deribit: no order-book sample; Aster: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1231%
- Per $10,000 a day
- +$36.93
- 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Aster no order-book sample | — | — | — | — | — |
Deribit and Aster: 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 Exchange2.6686cheapestCoinbase International2.6709+0.086%Phoenix2.6710+0.090%Gate2.6717+0.116%Polymarket Perps2.6724+0.142%KuCoin2.6725+0.146%Kraken Futures2.6732+0.172%Variational Omni2.6732+0.173%
Coinbase International
Phoenix
Gate
Polymarket Perps
KuCoin
Kraken Futures
Variational OmniAster2.6734+0.179%
Extended2.6736+0.186%Paradex2.6736+0.189%Bitget2.6740+0.202%MEXC2.6742+0.210%Reya2.6743+0.213%Orderly2.6743+0.214%Binance2.6743+0.215%BloFin2.6745+0.221%SoDEX2.6747+0.229%OKX2.6748+0.232%Bybit2.6752+0.247%Lighter2.6754+0.256%BingX2.6755+0.259%
Extended
Paradex
Bitget
MEXC
Reya
Orderly
Binance
BloFin
SoDEX
OKX
Bybit
Lighter
BingXDeribit2.6756+0.262%
GMX2.6771+0.319%Hyperliquid2.6788+0.382%Injective2.7130+1.664%
GMX
Hyperliquid
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.262% | −0.0880% | 1h | $877 | $11K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.176% | −0.0336% | 1h | $77K | $47K | 25x | as long as short |
| Phoenix MORPHO | −0.172% | −0.0059% | 1h | $34K | $517K | 5x | as long as short |
| Gate MORPHO_USDT | −0.146% | −0.0670% | 4h | $766K | $550K | 50x | as long as short |
| Polymarket Perps MORPHO-USD | −0.120% | −0.0472% | 1h | $27K | $2.7M | 5x | as long as short |
| KuCoin MORPHOUSDTM | −0.116% | +0.0100% | 4h | $595K | $346K | 50x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.090% | −0.0935% | 1h | $84K | $167K | 20x | as long as short |
| Variational Omni MORPHO | −0.089% | +0.0080% | 4h | $652K | $1.4M | — | as long as short |
| Aster MORPHOUSDTshort | −0.083% | +0.0100% | 4h | $58K | $31K | 20x | |
| Extended MORPHO-USD | −0.076% | +0.0008% | 1h | $101K | $304K | 10x | as long as short |