Spread before costs (cost unknown: a leg has no order-book sample)−0.058%
7d average—if it closes, per $10,000$6funding while held, a day+$32.60
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MORPHO_USDC-PERPETUAL | 2.7462 | −0.0987 | get 0.0123% / 1h | 4m 18s | $11K | $443 | 10x |
| Short | KuCoin MORPHOUSDTM | 2.7446 | 0.0100 | get 0.0050% / 4h | 4m 18s | $667K | $381K | 50x |
Deribit MORPHO_USDC-PERPETUAL
KuCoin MORPHOUSDTMPrice 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
- −$5.83
- Funding while held
- $32.6
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $7.77
- Spread needed to break even
- 0.190%
Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 66 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1087%
- Per $10,000 a day
- +$32.60
- 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 KuCoin live order book, 66 min ago | 14.66 bp | 106.4 bp −$106 | 201.3 bp −$2,013 | 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.Injective2.7130cheapest01 Exchange2.7404+1.010%MEXC2.7443+1.154%
Injective
MEXCKuCoin2.7446+1.165%
Polymarket Perps2.7448+1.172%Paradex2.7451+1.182%Extended2.7451+1.185%BingX2.7453+1.191%Reya2.7454+1.195%Binance2.7455+1.198%Orderly2.7461+1.220%
Polymarket Perps
Paradex
Extended
BingX
Reya
Binance
OrderlyDeribit2.7462+1.224%
SoDEX2.7464+1.231%Bybit2.7465+1.235%Gate2.7472+1.261%OKX2.7473+1.264%Kraken Futures2.7475+1.270%Aster2.7479+1.287%BloFin2.7482+1.297%Bitget2.7488+1.320%GMX2.7496+1.349%Lighter2.7501+1.367%Variational Omni2.7504+1.378%Coinbase International2.7504+1.379%Phoenix2.7507+1.390%Hyperliquid2.7521+1.441%
SoDEX
Bybit
Gate
OKX
Kraken Futures
Aster
BloFin
Bitget
GMX
Lighter
Variational Omni
Coinbase International
Phoenix
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 | −1.209% | +0.0033% | 1h | $38 | $85K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.211% | −0.1112% | 1h | $900 | $8K | 5x | as long as short |
| MEXC MORPHO_USDT | −0.069% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| KuCoin MORPHOUSDTMshort | −0.058% | +0.0100% | 4h | $667K | $381K | 50x | |
| Polymarket Perps MORPHO-USD | −0.051% | −0.0363% | 1h | $28K | $3.0M | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.041% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
| Extended MORPHO-USD | −0.038% | +0.0104% | 1h | $103K | $310K | 10x | as long as short |
| BingX MORPHO-USDT | −0.033% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| Reya MORPHORUSDPERP | −0.028% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Binance MORPHOUSDT | −0.025% | +0.0100% | 4h | $16.9M | $30.9M | 75x | as long as short |