After costs, if the gap returns to its 7d average, $10k−$97
spread now−0.153%7d average+0.042%fees + slippage, in and out−$77spread needed0.771%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MORPHO-USD | 2.7459 | 0.0104 | pay 0.0013% / 1h | 11m 40s | $103K | $310K | 10x |
| Short | BloFin MORPHO-USDT | 2.7417 | −0.0200 | pay 0.0100% / 4h | 11m 40s | $690K | $250K | 20x |
Extended MORPHO-USD
BloFin MORPHO-USDTPrice 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
- −$15.32
- Funding while held
- −$9.12
- Slippage, 4 orders
- −$60.13
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$101.56
- Spread needed to break even
- 0.771%
Slippage from Extended: live order book, 37 min ago; BloFin: live order book, 32 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0304%
- Per $10,000 a day
- −$9.12
- 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, 37 min ago | 2.72 bp | 20.9 bp −$21 | 238.8 bp −$2,388 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 32 min ago | 0.36 bp | 12.8 bp −$13 | 25.3 bp −$253 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.7130cheapestVariational Omni2.7368+0.876%01 Exchange2.7377+0.910%Coinbase International2.7402+1.003%
Injective
Variational Omni
Coinbase InternationalBloFin2.7417+1.058%
SoDEX2.7439+1.139%Polymarket Perps2.7441+1.146%Reya2.7442+1.150%Phoenix2.7443+1.154%Orderly2.7444+1.157%Deribit2.7447+1.168%Binance2.7450+1.180%MEXC2.7454+1.194%Kraken Futures2.7457+1.204%KuCoin2.7459+1.213%
SoDEX
Polymarket Perps
Reya
Phoenix
Orderly
Deribit
Binance
MEXC
Kraken Futures
KuCoinExtended2.7459+1.213%
Gate2.7464+1.231%Paradex2.7465+1.236%GMX2.7473+1.264%BingX2.7475+1.272%Aster2.7476+1.274%OKX2.7477+1.279%Bitget2.7478+1.283%Lighter2.7485+1.310%Bybit2.7490+1.327%Hyperliquid2.7525+1.456%
Gate
Paradex
GMX
BingX
Aster
OKX
Bitget
Lighter
Bybit
HyperliquidMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −1.198% | +0.0033% | 1h | $38 | $85K | 5.5x | as long as short |
| Variational Omni MORPHO | −0.333% | +0.0050% | 4h | $669K | $1.4M | — | as long as short |
| 01 Exchange MORPHOUSD | −0.299% | −0.1136% | 1h | $900 | $8K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.208% | −0.0144% | 1h | $80K | $53K | 25x | as long as short |
| BloFin MORPHO-USDTshort | −0.153% | −0.0200% | 4h | $690K | $250K | 20x | |
| SoDEX MORPHO-USD | −0.073% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.066% | −0.0378% | 1h | $31K | $3.0M | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.062% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Phoenix MORPHO | −0.058% | −0.0029% | 1h | $35K | $560K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.055% | −0.0110% | 4h | $11K | $34K | 10x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit MORPHO_USDC-PERPETUAL | −0.044% | −0.1024% | 1h | $11K | $443 | 10x | as long as short |
| Binance MORPHOUSDT | −0.033% | +0.0100% | 4h | $16.9M | $31.0M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.018% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.008% | −0.0093% | 1h | $99K | $188K | 20x | as long as short |
| KuCoin MORPHOUSDTM | 0.000% | +0.0100% | 4h | $665K | $377K | 50x | as long as short |
| Extended MORPHO-USDlong | 0.000% | +0.0104% | 1h | $103K | $310K | 10x | |
| Gate MORPHO_USDT | +0.018% | −0.0294% | 4h | $775K | $599K | 50x | as long as short |
| Paradex MORPHO-USD-PERP | +0.023% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | +0.051% | L +0.0197% / S −0.0897% | 1h | $2K | — | 100x | as long as short |
| BingX MORPHO-USDT | +0.058% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| Aster MORPHOUSDT | +0.060% | +0.0100% | 4h | $60K | $34K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.065% | +0.0100% | 4h | $3.3M | $5.8M | 20x | as long as short |
| Bitget MORPHOUSDT | +0.069% | +0.0100% | 4h | $3.0M | $2.6M | 75x | as long as short |
| Lighter MORPHO | +0.096% | +0.0096% | 1h | $322K | $503K | 5x | as long as short |
| Bybit MORPHOUSDT | +0.113% | −0.0098% | 4h | $9.1M | $11.3M | 25x | as long as short |
| Hyperliquid MORPHO | +0.240% | +0.0100% | 1h | $6.7M | $8.1M | 5x | as long as short |