Spread before costs (cost unknown: a leg has no order-book sample)−0.100%
7d average—if it closes, per $10,000$10funding while held, a day+$37.79
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MORPHO_USDC-PERPETUAL | 2.6916 | −0.1160 | get 0.0145% / 1h | 54m 21s | $11K | $745 | 10x |
| Short | MEXC MORPHO_USDT | 2.6889 | 0.0100 | get 0.0050% / 4h | 54m 21s | $5.1M | $1.1M | 100x |
Deribit MORPHO_USDC-PERPETUAL
MEXC MORPHO_USDTPrice 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
- −$10.03
- Funding while held
- $37.79
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $16.76
- Spread needed to break even
- 0.110%
Slippage unknown: Deribit: no order-book sample; MEXC: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1260%
- Per $10,000 a day
- +$37.79
- 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 MEXC live order book, 5 min ago | 0.74 bp | 5.5 bp −$5 | 37.0 bp −$370 | 195.9 bp −$19.6K | 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.Injective2.6760cheapest01 Exchange2.6853+0.348%Orderly2.6859+0.370%Binance2.6861+0.377%Polymarket Perps2.6870+0.411%Paradex2.6879+0.444%Bybit2.6880+0.448%Reya2.6881+0.453%BingX2.6884+0.463%
Injective
Orderly
Binance
Polymarket Perps
Paradex
Bybit
Reya
BingXMEXC2.6889+0.482%
OKX2.6890+0.486%KuCoin2.6891+0.490%Bitget2.6892+0.493%Extended2.6893+0.498%Aster2.6895+0.505%Kraken Futures2.6897+0.510%GMX2.6898+0.515%Gate2.6899+0.519%SoDEX2.6905+0.542%
OKX
KuCoin
Bitget
Extended
Aster
Kraken Futures
GMX
Gate
SoDEXDeribit2.6916+0.583%
Variational Omni2.6925+0.618%BloFin2.6929+0.632%Hyperliquid2.6939+0.669%Lighter2.6940+0.674%Phoenix2.6944+0.688%Coinbase International2.7014+0.949%
Variational Omni
BloFin
Hyperliquid
Lighter
Phoenix
Coinbase InternationalMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −0.580% | −0.0114% | 1h | $37 | $39K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.234% | −0.0528% | 1h | $882 | $12K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.212% | −0.0212% | 4h | $10K | $34K | 10x | as long as short |
| Binance MORPHOUSDT | −0.204% | +0.0100% | 4h | $16.5M | $26.9M | 75x | as long as short |
| Polymarket Perps MORPHO-USD | −0.171% | −0.0259% | 1h | $25K | $2.1M | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.138% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Bybit MORPHOUSDT | −0.134% | −0.0079% | 4h | $8.8M | $10.2M | 25x | as long as short |
| Reya MORPHORUSDPERP | −0.129% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| BingX MORPHO-USDT | −0.119% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| MEXC MORPHO_USDTshort | −0.100% | +0.0100% | 4h | $5.1M | $1.1M | 100x |