Spread before costs (cost unknown: a leg has no order-book sample)−0.181%
7d average—if it closes, per $10,000$18funding while held, a day−$37.20
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MORPHO-USD | 2.7426 | 0.0104 | pay 0.0013% / 1h | 12m 45s | $103K | $310K | 10x |
| Short | 01 Exchange MORPHOUSD | 2.7376 | −0.1136 | pay 0.0142% / 1h | 12m 45s | $900 | $8K | 5x |
Extended MORPHO-USDPrice 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
- −$18.14
- Funding while held
- −$37.2
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$67.34
- Spread needed to break even
- 0.120%
Slippage unknown: Extended: live order book, 36 min ago; 01 Exchange: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.1240%
- Per $10,000 a day
- −$37.20
- 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, 36 min ago | 2.72 bp | 20.9 bp −$21 | 238.8 bp −$2,388 | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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.Injective2.7130cheapestVariational Omni2.7368+0.876%Coinbase International2.7402+1.003%BloFin2.7417+1.058%Bitget2.7425+1.087%
Injective
Variational Omni
Coinbase International
BloFin
BitgetExtended2.7426+1.090%
Binance2.7427+1.096%MEXC2.7429+1.102%Deribit2.7431+1.109%Reya2.7432+1.115%SoDEX2.7433+1.117%Polymarket Perps2.7436+1.128%Orderly2.7436+1.128%Gate2.7437+1.132%Paradex2.7437+1.133%OKX2.7442+1.150%Kraken Futures2.7442+1.151%Phoenix2.7443+1.154%BingX2.7446+1.165%Bybit2.7455+1.198%KuCoin2.7459+1.213%GMX2.7465+1.236%Lighter2.7468+1.245%Aster2.7469+1.249%Hyperliquid2.7501+1.367%
Binance
MEXC
Deribit
Reya
SoDEX
Polymarket Perps
Orderly
Gate
Paradex
OKX
Kraken Futures
Phoenix
BingX
Bybit
KuCoin
GMX
Lighter
Aster
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 | −1.078% | +0.0033% | 1h | $38 | $85K | 5.5x | as long as short |
| Variational Omni MORPHO | −0.212% | +0.0050% | 4h | $669K | $1.4M | — | as long as short |
| 01 Exchange MORPHOUSDshort | −0.181% | −0.1136% | 1h | $900 | $8K | 5x | |
| Coinbase International MORPHO-PERP-INTX | −0.087% | −0.0144% | 1h | $80K | $53K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.032% | −0.0200% | 4h | $690K | $250K | 20x | as long as short |
| Bitget MORPHOUSDT | −0.003% | +0.0100% | 4h | $3.0M | $2.6M | 75x | as long as short |
| Extended MORPHO-USDlong | 0.000% | +0.0104% | 1h | $103K | $310K | 10x | |
| Binance MORPHOUSDT | +0.005% | +0.0100% | 4h | $16.9M | $31.0M | 75x | as long as short |
| MEXC MORPHO_USDT | +0.012% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | +0.019% | −0.1170% | 1h | $11K | $443 | 10x | as long as short |