Spread before costs (cost unknown: a leg has no order-book sample)−0.111%
7d average—if it closes, per $10,000$11funding while held, a day+$10.28
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MORPHO_USDC-PERPETUAL | 2.6936 | −0.0863 | get 0.0108% / 1h | 55m 55s | $11K | $745 | 10x |
| Short | 01 Exchange MORPHOUSD | 2.6906 | −0.0520 | pay 0.0065% / 1h | 55m 55s | $884 | $12K | 5x |
Deribit MORPHO_USDC-PERPETUALPrice 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
- −$11.14
- Funding while held
- $10.28
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$14.86
- Spread needed to break even
- 0.140%
Slippage unknown: Deribit: no order-book sample; 01 Exchange: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0343%
- Per $10,000 a day
- +$10.28
- 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 01 Exchange no order-book sample | — | — | — | — | — |
Deribit and 01 Exchange: 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.Injective2.6760cheapestExtended2.6920+0.599%Polymarket Perps2.6921+0.602%Paradex2.6923+0.608%Bybit2.6923+0.609%Orderly2.6923+0.609%SoDEX2.6925+0.617%Gate2.6926+0.620%Reya2.6927+0.623%Bitget2.6927+0.624%BingX2.6927+0.624%Kraken Futures2.6928+0.628%Binance2.6929+0.632%MEXC2.6931+0.639%Aster2.6935+0.654%
Injective
Extended
Polymarket Perps
Paradex
Bybit
Orderly
SoDEX
Gate
Reya
Bitget
BingX
Kraken Futures
Binance
MEXC
AsterDeribit2.6936+0.658%
BloFin2.6941+0.676%OKX2.6947+0.699%KuCoin2.6948+0.703%GMX2.6951+0.715%Lighter2.6973+0.796%Variational Omni2.6976+0.806%Phoenix2.6992+0.867%Hyperliquid2.6998+0.889%Coinbase International2.7014+0.949%
BloFin
OKX
KuCoin
GMX
Lighter
Variational Omni
Phoenix
Hyperliquid
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 | −0.653% | −0.0114% | 1h | $37 | $39K | 5.5x | as long as short |
| 01 Exchange MORPHOUSDshort | −0.111% | −0.0520% | 1h | $884 | $12K | 5x | |
| Extended MORPHO-USD | −0.058% | +0.0104% | 1h | $101K | $304K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.056% | −0.0248% | 1h | $24K | $2.1M | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.050% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Bybit MORPHOUSDT | −0.048% | −0.0066% | 4h | $8.9M | $10.2M | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.048% | −0.0211% | 4h | $10K | $34K | 10x | as long as short |
| SoDEX MORPHO-USD | −0.041% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Gate MORPHO_USDT | −0.037% | −0.0354% | 4h | $776K | $529K | 50x | as long as short |
| Reya MORPHORUSDPERP | −0.034% | −0.0004% | 1h | $16 | — | 10x | as long as short |