After costs, if the gap returns to its 7d average, $10k−$71
spread now+0.239%7d average+0.166%fees + slippage, in and out−$79spread needed0.786%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MORPHO-USD | 2.6958 | 0.0104 | pay 0.0013% / 1h | 59m 29s | $101K | $304K | 10x |
| Short | Hyperliquid MORPHO | 2.7022 | 0.0574 | get 0.0072% / 1h | 59m 29s | $6.4M | $7.1M | 5x |
Extended MORPHO-USD
Hyperliquid MORPHOPrice 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
- $23.92
- Funding while held
- $14.09
- Slippage, 4 orders
- −$64.55
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$40.55
- Spread needed to break even
- 0.786%
Slippage from Extended: live order book, 35 min ago; Hyperliquid: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0470%
- Per $10,000 a day
- +$14.09
- 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, 35 min ago | 3.92 bp | 24.0 bp −$24 | 210.4 bp −$2,104 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.74 bp | 17.0 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.6760cheapest01 Exchange2.6921+0.602%Paradex2.6945+0.691%MEXC2.6945+0.691%Polymarket Perps2.6945+0.691%Reya2.6947+0.698%Binance2.6949+0.705%OKX2.6952+0.717%Bybit2.6955+0.729%Bitget2.6955+0.729%Orderly2.6955+0.729%Kraken Futures2.6957+0.736%
Injective
Paradex
MEXC
Polymarket Perps
Reya
Binance
OKX
Bybit
Bitget
Orderly
Kraken FuturesExtended2.6958+0.738%
BingX2.6964+0.762%SoDEX2.6965+0.766%KuCoin2.6969+0.781%Deribit2.6970+0.785%Gate2.6971+0.788%Variational Omni2.6976+0.806%BloFin2.6976+0.807%Aster2.6982+0.829%GMX2.6984+0.838%Phoenix2.6992+0.867%Lighter2.7009+0.930%Coinbase International2.7014+0.949%
BingX
SoDEX
KuCoin
Deribit
Gate
Variational Omni
BloFin
Aster
GMX
Phoenix
Lighter
Coinbase InternationalHyperliquid2.7022+0.979%
MORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −0.733% | +0.0033% | 1h | $37 | $39K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.135% | −0.0480% | 1h | $885 | $12K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.047% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| MEXC MORPHO_USDT | −0.046% | +0.0100% | 4h | $5.1M | $1.1M | 100x | as long as short |
| Polymarket Perps MORPHO-USD | −0.046% | −0.0612% | 1h | $24K | $2.2M | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.040% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Binance MORPHOUSDT | −0.033% | +0.0100% | 4h | $16.6M | $27.0M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.020% | +0.0100% | 4h | $3.2M | $4.6M | 20x | as long as short |
| Bybit MORPHOUSDT | −0.009% | −0.0066% | 4h | $8.9M | $10.2M | 25x | as long as short |
| Bitget MORPHOUSDT | −0.009% | +0.0100% | 4h | $3.0M | $2.0M | 75x | as long as short |