After costs, if the gap returns to its 7d average, $10k−$159
spread now−0.099%7d average+0.077%fees + slippage, in and out−$141spread needed1.411%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MORPHO-USD | 2.7203 | 0.0088 | pay 0.0011% / 1h | 19m 06s | $102K | $304K | 10x |
| Short | Kraken Futures PF_MORPHOUSD | 2.7176 | −0.1059 | pay 0.0132% / 1h | 19m 06s | $99K | $183K | 20x |
Extended MORPHO-USD
Kraken Futures PF_MORPHOUSDPrice 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
- −$9.93
- Funding while held
- −$34.4
- Slippage, 4 orders
- −$126.14
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$185.46
- Spread needed to break even
- 1.411%
Slippage from Extended: live order book, 25 min ago; Kraken Futures: live order book, 25 min ago.
Cost of waiting
funding view- Funding /8h
- −0.1147%
- Per $10,000 a day
- −$34.40
- 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, 25 min ago | 3.11 bp | 21.6 bp −$22 | 213.7 bp −$2,137 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 25 min ago | 19.30 bp | 59.4 bp −$59 | 143.7 bp −$1,437 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.7130cheapest01 Exchange2.7147+0.063%Gate2.7172+0.155%SoDEX2.7173+0.158%
Injective
Gate
SoDEXKraken Futures2.7176+0.168%
Deribit2.7180+0.184%Paradex2.7183+0.196%MEXC2.7184+0.199%Orderly2.7187+0.210%BloFin2.7188+0.214%Reya2.7190+0.222%Polymarket Perps2.7191+0.225%OKX2.7195+0.240%Bitget2.7197+0.247%Binance2.7200+0.258%BingX2.7202+0.265%
Deribit
Paradex
MEXC
Orderly
BloFin
Reya
Polymarket Perps
OKX
Bitget
Binance
BingXExtended2.7203+0.267%
Bybit2.7210+0.295%Lighter2.7214+0.310%Aster2.7219+0.328%GMX2.7225+0.349%KuCoin2.7226+0.354%Hyperliquid2.7246+0.428%Variational Omni2.7261+0.483%Phoenix2.7341+0.778%Coinbase International2.7372+0.892%
Bybit
Lighter
Aster
GMX
KuCoin
Hyperliquid
Variational Omni
Phoenix
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 | −0.267% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.204% | −0.0728% | 1h | $892 | $10K | 5x | as long as short |
| Gate MORPHO_USDT | −0.112% | −0.0540% | 4h | $762K | $574K | 50x | as long as short |
| SoDEX MORPHO-USD | −0.109% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSDshort | −0.099% | −0.1059% | 1h | $99K | $183K | 20x | |
| Deribit MORPHO_USDC-PERPETUAL | −0.083% | −0.1073% | 1h | $11K | $443 | 10x | as long as short |
| Paradex MORPHO-USD-PERP | −0.071% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
| MEXC MORPHO_USDT | −0.068% | +0.0084% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.057% | −0.0146% | 4h | $11K | $34K | 10x | as long as short |
| BloFin MORPHO-USDT | −0.054% | −0.0168% | 4h | $680K | $245K | 20x | as long as short |