After costs, if the gap returns to its 7d average, $10k−$105
spread now+0.207%7d average+0.020%fees + slippage, in and out−$123spread needed1.234%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MORPHO-USD | 2.7322 | 0.0104 | pay 0.0013% / 1h | 21m 28s | $103K | $310K | 10x |
| Short | Gate MORPHO_USDT | 2.7379 | −0.0320 | pay 0.0160% / 4h | 21m 28s | $771K | $598K | 50x |
Extended MORPHO-USD
Gate 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
- $20.72
- Funding while held
- −$12.72
- Slippage, 4 orders
- −$103.38
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$115.38
- Spread needed to break even
- 1.234%
Slippage from Extended: live order book, 28 min ago; Gate: live order book, 27 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0424%
- Per $10,000 a day
- −$12.72
- 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, 28 min ago | 2.72 bp | 20.9 bp −$21 | 238.8 bp −$2,388 | doesn't fit | doesn't fit |
| Sell Gate live order book, 27 min ago | 10.15 bp | 41.2 bp −$41 | 213.4 bp −$2,134 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.7130cheapest01 Exchange2.7270+0.516%Variational Omni2.7293+0.600%Paradex2.7304+0.642%
Injective
Variational Omni
ParadexExtended2.7322+0.709%
Binance2.7325+0.718%MEXC2.7327+0.726%Reya2.7329+0.732%Kraken Futures2.7331+0.742%Orderly2.7332+0.745%BingX2.7334+0.752%Polymarket Perps2.7338+0.767%Bybit2.7340+0.774%SoDEX2.7346+0.796%OKX2.7351+0.815%Deribit2.7355+0.829%Lighter2.7359+0.843%GMX2.7367+0.873%Bitget2.7374+0.899%Aster2.7376+0.905%
Binance
MEXC
Reya
Kraken Futures
Orderly
BingX
Polymarket Perps
Bybit
SoDEX
OKX
Deribit
Lighter
GMX
Bitget
AsterGate2.7379+0.918%
KuCoin2.7382+0.929%Phoenix2.7385+0.940%BloFin2.7397+0.984%Hyperliquid2.7399+0.992%Coinbase International2.7400+0.995%
KuCoin
Phoenix
BloFin
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 | −0.704% | +0.0033% | 1h | $38 | $85K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.192% | −0.1128% | 1h | $896 | $8K | 5x | as long as short |
| Variational Omni MORPHO | −0.109% | +0.0100% | 4h | $667K | $1.4M | — | as long as short |
| Paradex MORPHO-USD-PERP | −0.066% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
| Extended MORPHO-USDlong | 0.000% | +0.0104% | 1h | $103K | $310K | 10x | |
| Binance MORPHOUSDT | +0.008% | +0.0100% | 4h | $16.9M | $31.0M | 75x | as long as short |
| MEXC MORPHO_USDT | +0.017% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Reya MORPHORUSDPERP | +0.022% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Kraken Futures PF_MORPHOUSD | +0.032% | −0.0093% | 1h | $99K | $188K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | +0.035% | −0.0107% | 4h | $11K | $34K | 10x | as long as short |