After costs, if the gap returns to its 7d average, $10k−$119
spread now−0.097%7d average+0.022%fees + slippage, in and out−$107spread needed1.074%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MORPHO_USDT | 2.6867 | −0.0544 | get 0.0272% / 4h | 1h 17m | $775K | $539K | 50x |
| Short | BloFin MORPHO-USDT | 2.6841 | −0.0153 | pay 0.0077% / 4h | 1h 17m | $665K | $208K | 20x |
Gate MORPHO_USDT
BloFin 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
- −$9.68
- Funding while held
- $11.72
- Slippage, 4 orders
- −$80.4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$105.35
- Spread needed to break even
- 1.074%
Slippage from Gate: live order book, 16 min ago; BloFin: live order book, 11 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0391%
- Per $10,000 a day
- +$11.72
- 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 Gate live order book, 16 min ago | 8.97 bp | 36.8 bp −$37 | 203.5 bp −$2,035 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 11 min ago | 3.92 bp | 15.4 bp −$15 | 31.3 bp −$313 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.6760cheapestVariational Omni2.6761+0.004%
Injective
Variational OmniBloFin2.6841+0.303%
Paradex2.6845+0.317%Kraken Futures2.6850+0.335%01 Exchange2.6854+0.351%Orderly2.6862+0.381%Extended2.6865+0.393%Polymarket Perps2.6866+0.396%
Paradex
Kraken Futures
Orderly
Extended
Polymarket PerpsGate2.6867+0.400%
Binance2.6869+0.406%MEXC2.6869+0.407%Bybit2.6870+0.411%SoDEX2.6875+0.430%Reya2.6877+0.438%Deribit2.6878+0.441%BingX2.6879+0.445%Phoenix2.6879+0.445%Bitget2.6882+0.456%Aster2.6883+0.459%GMX2.6890+0.485%OKX2.6894+0.501%KuCoin2.6895+0.504%Coinbase International2.6920+0.598%Lighter2.6922+0.604%Hyperliquid2.6946+0.695%
Binance
MEXC
Bybit
SoDEX
Reya
Deribit
BingX
Phoenix
Bitget
Aster
GMX
OKX
KuCoin
Coinbase International
Lighter
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 | −0.398% | +0.0033% | 1h | $37 | $39K | 5.5x | as long as short |
| Variational Omni MORPHO | −0.395% | 0.0000% | 4h | $654K | $1.4M | — | as long as short |
| BloFin MORPHO-USDTshort | −0.097% | −0.0153% | 4h | $665K | $208K | 20x | |
| Paradex MORPHO-USD-PERP | −0.083% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.065% | −0.2225% | 1h | $85K | $165K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.048% | −0.0624% | 1h | $882 | $12K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.019% | −0.0210% | 4h | $10K | $34K | 10x | as long as short |
| Extended MORPHO-USD | −0.007% | +0.0080% | 1h | $101K | $304K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.004% | −0.0259% | 1h | $24K | $2.4M | 5x | as long as short |
| Gate MORPHO_USDTlong | 0.000% | −0.0544% | 4h | $775K | $539K | 50x |