Spread before costs (cost unknown: a leg has no order-book sample)−0.121%
7d average—if it closes, per $10,000$12funding while held, a day+$20.77
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MORPHO_USDC-PERPETUAL | 2.7279 | −0.0592 | get 0.0074% / 1h | 21m 52s | $11K | $443 | 10x |
| Short | OKX MORPHO-USDT-SWAP | 2.7246 | 0.0100 | get 0.0050% / 4h | 3h 21m | $3.2M | $5.6M | 20x |
Deribit MORPHO_USDC-PERPETUAL
OKX MORPHO-USDT-SWAPPrice 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
- −$12.1
- Funding while held
- $20.77
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$8.32
- Spread needed to break even
- 0.170%
Slippage unknown: Deribit: no order-book sample; OKX: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0692%
- Per $10,000 a day
- +$20.77
- 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 OKX live order book, 2 min ago | 1.10 bp | 21.0 bp −$21 | 167.7 bp −$1,677 | 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 Exchange2.7200+0.258%Bitget2.7235+0.387%Extended2.7244+0.420%Binance2.7244+0.422%
Injective
Bitget
Extended
BinanceOKX2.7246+0.428%
MEXC2.7246+0.428%SoDEX2.7247+0.431%Gate2.7248+0.435%Bybit2.7252+0.450%Polymarket Perps2.7254+0.457%BingX2.7256+0.464%Reya2.7256+0.465%Kraken Futures2.7262+0.486%Orderly2.7267+0.505%Paradex2.7274+0.531%BloFin2.7275+0.534%
MEXC
SoDEX
Gate
Bybit
Polymarket Perps
BingX
Reya
Kraken Futures
Orderly
Paradex
BloFinDeribit2.7279+0.549%
KuCoin2.7284+0.568%Lighter2.7285+0.573%Aster2.7293+0.601%GMX2.7294+0.606%Hyperliquid2.7315+0.682%Phoenix2.7341+0.778%Variational Omni2.7345+0.794%Coinbase International2.7372+0.892%
KuCoin
Lighter
Aster
GMX
Hyperliquid
Phoenix
Variational Omni
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 | −0.546% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.290% | −0.0712% | 1h | $894 | $10K | 5x | as long as short |
| Bitget MORPHOUSDT | −0.161% | +0.0100% | 4h | $3.0M | $2.6M | 75x | as long as short |
| Extended MORPHO-USD | −0.129% | +0.0088% | 1h | $103K | $304K | 10x | as long as short |
| Binance MORPHOUSDT | −0.127% | +0.0090% | 4h | $16.8M | $30.4M | 75x | as long as short |
| OKX MORPHO-USDT-SWAPshort | −0.121% | +0.0100% | 4h | $3.2M | $5.6M | 20x | |
| MEXC MORPHO_USDT | −0.121% | +0.0090% | 4h | $4.9M | $1.3M | 100x | as long as short |
| SoDEX MORPHO-USD | −0.117% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Gate MORPHO_USDT | −0.114% | −0.0552% | 4h | $764K | $574K | 50x | as long as short |
| Bybit MORPHOUSDT | −0.099% | −0.0462% | 4h | $9.0M | $11.2M | 25x | as long as short |