Spread before costs (cost unknown: a leg has no order-book sample)−0.018%
7d average—if it closes, per $10,000$2funding while held, a day+$17.95
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MORPHO_USDC-PERPETUAL | 2.7079 | −0.1041 | get 0.0130% / 1h | 37m 16s | $11K | $443 | 10x |
| Short | Polymarket Perps MORPHO-USD | 2.7074 | −0.0443 | pay 0.0055% / 1h | 37m 16s | $27K | $2.8M | 5x |
Deribit MORPHO_USDC-PERPETUAL
Polymarket Perps MORPHO-USDPrice 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
- −$1.85
- Funding while held
- $17.95
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $1.1
- Spread needed to break even
- 0.150%
Slippage unknown: Deribit: no order-book sample; Polymarket Perps: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0598%
- Per $10,000 a day
- +$17.95
- 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 Polymarket Perps live order book, 3 min ago | 2.40 bp | 6.8 bp −$7 | 7.4 bp −$74 | 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 Exchange2.7034cheapestExtended2.7060+0.096%Gate2.7063+0.107%Kraken Futures2.7065+0.115%MEXC2.7068+0.126%Orderly2.7072+0.141%
Extended
Gate
Kraken Futures
MEXC
OrderlyPolymarket Perps2.7074+0.148%
Binance2.7075+0.152%Bitget2.7078+0.163%BloFin2.7078+0.163%
Binance
Bitget
BloFinDeribit2.7079+0.166%
Reya2.7082+0.178%Paradex2.7082+0.178%BingX2.7084+0.185%OKX2.7086+0.192%Bybit2.7087+0.196%Variational Omni2.7091+0.213%Coinbase International2.7093+0.218%Phoenix2.7094+0.222%Lighter2.7098+0.236%KuCoin2.7104+0.259%Aster2.7105+0.262%SoDEX2.7106+0.266%GMX2.7106+0.267%Injective2.7130+0.355%Hyperliquid2.7137+0.381%
Reya
Paradex
BingX
OKX
Bybit
Variational Omni
Coinbase International
Phoenix
Lighter
KuCoin
Aster
SoDEX
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 | −0.166% | −0.0960% | 1h | $888 | $11K | 5x | as long as short |
| Extended MORPHO-USD | −0.070% | −0.0008% | 1h | $102K | $304K | 10x | as long as short |
| Gate MORPHO_USDT | −0.059% | −0.0560% | 4h | $765K | $540K | 50x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.051% | −0.0923% | 1h | $93K | $175K | 20x | as long as short |
| MEXC MORPHO_USDT | −0.041% | −0.0008% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.026% | −0.0180% | 4h | $10K | $34K | 10x | as long as short |
| Polymarket Perps MORPHO-USDshort | −0.018% | −0.0443% | 1h | $27K | $2.8M | 5x | |
| Binance MORPHOUSDT | −0.015% | −0.0004% | 4h | $16.7M | $28.8M | 75x | as long as short |
| Bitget MORPHOUSDT | −0.004% | +0.0100% | 4h | $3.0M | $2.2M | 75x | as long as short |
| BloFin MORPHO-USDT | −0.004% | −0.0073% | 4h | $675K | $222K | 20x | as long as short |