Spread before costs (cost unknown: a leg has no order-book sample)−0.093%
7d average—if it closes, per $10,000$9funding while held, a day+$1.07
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MORPHO-USD | 2.6804 | 0.0064 | pay 0.0008% / 1h | 40m 15s | $101K | $304K | 10x |
| Short | Paradex MORPHO-USD-PERP | 2.6779 | 0.0100 | get 0.0100% / 8h | 5h 40m | $5K | $3 | 5x |
Extended MORPHO-USD
Paradex MORPHO-USD-PERPPrice 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
- −$9.32
- Funding while held
- $1.07
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$17.25
- Spread needed to break even
- 0.090%
Slippage unknown: Extended: live order book, 59 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0036%
- Per $10,000 a day
- +$1.07
- 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, 59 min ago | 2.40 bp | 22.9 bp −$23 | 206.8 bp −$2,068 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange2.6753cheapest
Paradex2.6779+0.097%
MEXC2.6782+0.108%BloFin2.6787+0.127%KuCoin2.6789+0.135%Orderly2.6798+0.168%Kraken Futures2.6800+0.174%Gate2.6802+0.183%Polymarket Perps2.6802+0.183%SoDEX2.6802+0.183%
MEXC
BloFin
KuCoin
Orderly
Kraken Futures
Gate
Polymarket Perps
SoDEXExtended2.6804+0.190%
Reya2.6805+0.194%Binance2.6806+0.200%Bybit2.6810+0.213%Aster2.6812+0.221%Deribit2.6813+0.224%BingX2.6815+0.232%Variational Omni2.6816+0.236%Bitget2.6818+0.243%OKX2.6823+0.262%GMX2.6830+0.288%Lighter2.6852+0.372%Phoenix2.6853+0.374%Hyperliquid2.6858+0.392%Coinbase International2.6876+0.460%Injective2.7130+1.409%
Reya
Binance
Bybit
Aster
Deribit
BingX
Variational Omni
Bitget
OKX
GMX
Lighter
Phoenix
Hyperliquid
Coinbase International
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.190% | −0.0496% | 1h | $879 | $12K | 5x | as long as short |
| Paradex MORPHO-USD-PERPshort | −0.093% | +0.0100% | 8h | $5K | $3 | 5x | |
| MEXC MORPHO_USDT | −0.082% | +0.0058% | 4h | $4.8M | $1.2M | 100x | as long as short |
| BloFin MORPHO-USDT | −0.063% | −0.0117% | 4h | $664K | $205K | 20x | as long as short |
| KuCoin MORPHOUSDTM | −0.056% | +0.0100% | 4h | $598K | $346K | 50x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.022% | −0.0210% | 4h | $10K | $34K | 10x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.016% | −0.2229% | 1h | $85K | $165K | 20x | as long as short |
| Gate MORPHO_USDT | −0.007% | −0.0580% | 4h | $773K | $538K | 50x | as long as short |
| Polymarket Perps MORPHO-USD | −0.007% | −0.0297% | 1h | $27K | $2.7M | 5x | as long as short |
| SoDEX MORPHO-USD | −0.007% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |