Spread before costs (cost unknown: a leg has no order-book sample)−0.030%
7d average—if it closes, per $10,000$3funding while held, a day+$26.65
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MORPHO_USDC-PERPETUAL | 2.7103 | −0.0892 | get 0.0112% / 1h | 39m 22s | $11K | $443 | 10x |
| Short | Binance MORPHOUSDT | 2.7095 | −0.0004 | pay 0.0002% / 4h | 2h 39m | $16.7M | $28.8M | 75x |
Deribit MORPHO_USDC-PERPETUAL
Binance 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
- −$2.95
- Funding while held
- $26.65
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $6.7
- Spread needed to break even
- 0.170%
Slippage unknown: Deribit: no order-book sample; Binance: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0888%
- Per $10,000 a day
- +$26.65
- 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 Binance live order book, 3 min ago | 0.74 bp | 13.2 bp −$13 | 38.8 bp −$388 | doesn't fit | doesn't fit |
Deribit: 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 Exchange2.7024cheapestGate2.7067+0.159%BloFin2.7069+0.167%Polymarket Perps2.7073+0.181%Paradex2.7073+0.182%MEXC2.7075+0.189%Reya2.7082+0.213%Orderly2.7088+0.237%Lighter2.7090+0.243%Variational Omni2.7091+0.250%Kraken Futures2.7093+0.255%Coinbase International2.7093+0.255%OKX2.7094+0.259%Phoenix2.7094+0.259%
Gate
BloFin
Polymarket Perps
Paradex
MEXC
Reya
Orderly
Lighter
Variational Omni
Kraken Futures
Coinbase International
OKX
PhoenixBinance2.7095+0.263%
SoDEX2.7095+0.263%KuCoin2.7098+0.274%Extended2.7098+0.274%Bitget2.7099+0.278%BingX2.7103+0.292%
SoDEX
KuCoin
Extended
Bitget
BingXDeribit2.7103+0.292%
Aster2.7103+0.293%Bybit2.7120+0.355%GMX2.7125+0.372%Injective2.7130+0.392%Hyperliquid2.7136+0.414%
Aster
Bybit
GMX
Injective
HyperliquidMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.291% | −0.0968% | 1h | $888 | $11K | 5x | as long as short |
| Gate MORPHO_USDT | −0.133% | −0.0554% | 4h | $764K | $539K | 50x | as long as short |
| BloFin MORPHO-USDT | −0.125% | −0.0238% | 4h | $673K | $222K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | −0.111% | −0.0449% | 1h | $27K | $2.8M | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.110% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| MEXC MORPHO_USDT | −0.103% | −0.0004% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Reya MORPHORUSDPERP | −0.079% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.055% | −0.0179% | 4h | $10K | $34K | 10x | as long as short |
| Lighter MORPHO | −0.049% | +0.0096% | 1h | $319K | $364K | 5x | as long as short |
| Variational Omni MORPHO | −0.042% | +0.0100% | 4h | $662K | $1.4M | — | as long as short |