After costs, if the gap returns to its 7d average, $10k−$120
spread now+0.080%7d average−0.019%fees + slippage, in and out−$129spread needed1.295%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MORPHO_USDT | 2.6717 | −0.0670 | get 0.0335% / 4h | 2h 01m | $766K | $550K | 50x |
| Short | Extended MORPHO-USD | 2.6738 | 0.0008 | get 0.0001% / 1h | 1m 06s | $101K | $304K | 10x |
Gate MORPHO_USDT
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
- $7.98
- Funding while held
- $20.34
- Slippage, 4 orders
- −$109.49
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$101.17
- Spread needed to break even
- 1.295%
Slippage from Gate: live order book, 37 min ago; Extended: live order book, 38 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0678%
- Per $10,000 a day
- +$20.34
- 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, 37 min ago | 7.77 bp | 38.4 bp −$38 | 219.0 bp −$2,190 | doesn't fit | doesn't fit |
| Sell Extended live order book, 38 min ago | 2.40 bp | 21.4 bp −$21 | 269.5 bp −$2,695 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange2.6686cheapestCoinbase International2.6709+0.086%Phoenix2.6710+0.090%
Coinbase International
PhoenixGate2.6717+0.116%
Polymarket Perps2.6724+0.142%KuCoin2.6725+0.146%Aster2.6729+0.160%Kraken Futures2.6732+0.172%Variational Omni2.6732+0.173%Paradex2.6736+0.189%
Polymarket Perps
KuCoin
Aster
Kraken Futures
Variational Omni
ParadexExtended2.6738+0.196%
Reya2.6743+0.213%Bitget2.6743+0.214%Orderly2.6743+0.214%Binance2.6744+0.217%BingX2.6745+0.221%BloFin2.6745+0.221%MEXC2.6746+0.225%SoDEX2.6747+0.229%OKX2.6755+0.259%Lighter2.6755+0.260%Deribit2.6756+0.262%Bybit2.6760+0.277%GMX2.6771+0.319%Hyperliquid2.6789+0.386%Injective2.7130+1.664%
Reya
Bitget
Orderly
Binance
BingX
BloFin
MEXC
SoDEX
OKX
Lighter
Deribit
Bybit
GMX
Hyperliquid
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.116% | −0.0880% | 1h | $877 | $11K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.030% | −0.0336% | 1h | $77K | $47K | 25x | as long as short |
| Phoenix MORPHO | −0.026% | −0.0059% | 1h | $34K | $517K | 5x | as long as short |
| Gate MORPHO_USDTlong | 0.000% | −0.0670% | 4h | $766K | $550K | 50x | |
| Polymarket Perps MORPHO-USD | +0.026% | −0.0472% | 1h | $27K | $2.7M | 5x | as long as short |
| KuCoin MORPHOUSDTM | +0.030% | +0.0100% | 4h | $595K | $346K | 50x | as long as short |
| Aster MORPHOUSDT | +0.044% | +0.0100% | 4h | $58K | $31K | 20x | as long as short |
| Kraken Futures PF_MORPHOUSD | +0.056% | −0.0935% | 1h | $84K | $167K | 20x | as long as short |
| Variational Omni MORPHO | +0.057% | +0.0080% | 4h | $652K | $1.4M | — | as long as short |
| Paradex MORPHO-USD-PERP | +0.072% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended MORPHO-USDshort | +0.080% | +0.0008% | 1h | $101K | $304K | 10x | |
| Reya MORPHORUSDPERP | +0.096% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Bitget MORPHOUSDT | +0.097% | +0.0100% | 4h | $2.9M | $2.1M | 75x | as long as short |
| Orderly PERP_MORPHO_USDC | +0.097% | −0.0203% | 4h | $10K | $34K | 10x | as long as short |
| Binance MORPHOUSDT | +0.101% | +0.0009% | 4h | $16.5M | $27.5M | 75x | as long as short |
| BingX MORPHO-USDT | +0.105% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| BloFin MORPHO-USDT | +0.105% | −0.0231% | 4h | $668K | $205K | 20x | as long as short |
| MEXC MORPHO_USDT | +0.109% | +0.0008% | 4h | $4.8M | $1.2M | 100x | as long as short |
| SoDEX MORPHO-USD | +0.112% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.142% | +0.0100% | 4h | $3.2M | $4.6M | 20x | as long as short |
| Lighter MORPHO | +0.143% | +0.0096% | 1h | $315K | $367K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | +0.146% | −0.1131% | 1h | $10K | $745 | 10x | as long as short |
| Bybit MORPHOUSDT | +0.161% | −0.0165% | 4h | $8.8M | $10.3M | 25x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | +0.203% | L +0.0158% / S −0.0698% | 1h | $2K | — | 100x | as long as short |
| Hyperliquid MORPHO | +0.269% | +0.0100% | 1h | $6.4M | $7.1M | 5x | as long as short |
| Injective MORPHO/USDC PERP | +1.546% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |