After costs, if the gap returns to its 7d average, $10k−$77
spread now+0.021%7d average+0.018%fees + slippage, in and out−$77spread needed0.775%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MORPHO-USD | 2.6716 | 0.0016 | pay 0.0002% / 1h | 59m 06s | $101K | $304K | 10x |
| Short | Binance MORPHOUSDT | 2.6721 | 0.0017 | get 0.0008% / 4h | 1h 59m | $16.5M | $27.5M | 75x |
Extended MORPHO-USD
Binance MORPHOUSDTPrice 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
- $2.12
- Funding while held
- $0.02
- Slippage, 4 orders
- −$62.49
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$75.35
- Spread needed to break even
- 0.775%
Slippage from Extended: live order book, 40 min ago; Binance: live order book, 14 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0001%
- Per $10,000 a day
- +$0.02
- 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 Extended live order book, 40 min ago | 2.40 bp | 22.9 bp −$23 | 206.8 bp −$2,068 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.94 bp | 20.9 bp −$21 | 44.0 bp −$440 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Kraken Futures2.6675cheapest01 Exchange2.6705+0.113%Coinbase International2.6709+0.128%Gate2.6711+0.136%MEXC2.6714+0.147%SoDEX2.6714+0.147%KuCoin2.6715+0.151%
Kraken Futures
Coinbase International
Gate
MEXC
SoDEX
KuCoinExtended2.6716+0.154%
BloFin2.6719+0.166%Orderly2.6721+0.173%
BloFin
OrderlyBinance2.6721+0.175%
Aster2.6730+0.206%Reya2.6730+0.207%Polymarket Perps2.6731+0.211%Bitget2.6732+0.215%Deribit2.6734+0.222%BingX2.6735+0.226%Variational Omni2.6743+0.254%OKX2.6745+0.263%Bybit2.6746+0.267%Paradex2.6747+0.271%GMX2.6747+0.272%Lighter2.6749+0.278%Phoenix2.6771+0.361%Hyperliquid2.6776+0.380%Injective2.7130+1.707%
Aster
Reya
Polymarket Perps
Bitget
Deribit
BingX
Variational Omni
OKX
Bybit
Paradex
GMX
Lighter
Phoenix
Hyperliquid
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MORPHOUSD | −0.153% | −0.2239% | 1h | $84K | $167K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.040% | −0.0864% | 1h | $878 | $11K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.025% | −0.0352% | 1h | $77K | $47K | 25x | as long as short |
| Gate MORPHO_USDT | −0.018% | −0.0666% | 4h | $765K | $534K | 50x | as long as short |
| MEXC MORPHO_USDT | −0.006% | +0.0012% | 4h | $4.8M | $1.2M | 100x | as long as short |
| SoDEX MORPHO-USD | −0.006% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| KuCoin MORPHOUSDTM | −0.003% | +0.0100% | 4h | $595K | $344K | 50x | as long as short |
| Extended MORPHO-USDlong | 0.000% | +0.0016% | 1h | $101K | $304K | 10x | |
| BloFin MORPHO-USDT | +0.012% | −0.0223% | 4h | $666K | $205K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | +0.020% | −0.0203% | 4h | $10K | $34K | 10x | as long as short |