Spread before costs (cost unknown: a leg has no order-book sample)−0.029%
7d average—if it closes, per $10,000$3funding while held, a day+$29.84
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MORPHO_USDC-PERPETUAL | 2.7042 | −0.0895 | get 0.0112% / 1h | 32m 41s | $11K | $443 | 10x |
| Short | Paradex MORPHO-USD-PERP | 2.7034 | 0.0100 | get 0.0100% / 8h | 6h 32m | $5K | $3 | 5x |
Deribit MORPHO_USDC-PERPETUAL
Paradex MORPHO-USD-PERPPrice 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
- $29.84
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $15.89
- Spread needed to break even
- 0.110%
Slippage unknown: Deribit: no order-book sample; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0995%
- Per $10,000 a day
- +$29.84
- 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 Paradex no order-book sample | — | — | — | — | — |
Deribit and Paradex: 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 Exchange2.7011cheapestBinance2.7017+0.022%Gate2.7018+0.026%Kraken Futures2.7024+0.049%SoDEX2.7028+0.063%OKX2.7030+0.070%Orderly2.7031+0.074%Bybit2.7033+0.081%
Binance
Gate
Kraken Futures
SoDEX
OKX
Orderly
BybitParadex2.7034+0.085%
MEXC2.7035+0.089%Extended2.7035+0.089%KuCoin2.7036+0.093%Polymarket Perps2.7042+0.115%
MEXC
Extended
KuCoin
Polymarket PerpsDeribit2.7042+0.115%
BloFin2.7042+0.115%Reya2.7049+0.141%Bitget2.7050+0.144%Lighter2.7051+0.147%BingX2.7051+0.148%Phoenix2.7064+0.196%GMX2.7067+0.207%Variational Omni2.7072+0.226%Aster2.7076+0.241%Hyperliquid2.7080+0.255%Coinbase International2.7093+0.304%Injective2.7130+0.441%
BloFin
Reya
Bitget
Lighter
BingX
Phoenix
GMX
Variational Omni
Aster
Hyperliquid
Coinbase International
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.115% | −0.0936% | 1h | $888 | $11K | 5x | as long as short |
| Binance MORPHOUSDT | −0.092% | −0.0001% | 4h | $16.6M | $28.7M | 75x | as long as short |
| Gate MORPHO_USDT | −0.089% | −0.0604% | 4h | $764K | $541K | 50x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.066% | −0.0925% | 1h | $93K | $173K | 20x | as long as short |
| SoDEX MORPHO-USD | −0.052% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.044% | +0.0100% | 4h | $3.2M | $5.0M | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.041% | −0.0184% | 4h | $10K | $34K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.033% | −0.0170% | 4h | $8.9M | $10.6M | 25x | as long as short |
| Paradex MORPHO-USD-PERPshort | −0.029% | +0.0100% | 8h | $5K | $3 | 5x | |
| MEXC MORPHO_USDT | −0.026% | −0.0002% | 4h | $4.8M | $1.2M | 100x | as long as short |