Spread before costs (cost unknown: a leg has no order-book sample)+1.546%
7d average—if it closes, per $10,000$155funding while held, a day+$21.10
| 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 00m | $766K | $550K | 50x |
| Short | Injective MORPHO/USDC PERP | 2.7130 | 0.0033 | get 0.0004% / 1h | 0m 56s | $38 | $34K | 5.5x |
Gate MORPHO_USDT
Injective MORPHO/USDC 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
- $154.58
- Funding while held
- $21.1
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $160.66
- Spread needed to break even
- 0.150%
Slippage unknown: Gate: live order book, 37 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0703%
- Per $10,000 a day
- +$21.10
- 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 Injective no order-book sample | — | — | — | — | — |
Injective: 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 Exchange2.6686cheapestCoinbase International2.6709+0.086%Phoenix2.6710+0.090%
Coinbase International
PhoenixGate2.6717+0.116%
Polymarket Perps2.6724+0.142%KuCoin2.6725+0.146%Kraken Futures2.6732+0.172%Variational Omni2.6732+0.173%Extended2.6736+0.186%Aster2.6736+0.188%Paradex2.6736+0.189%Binance2.6737+0.191%MEXC2.6742+0.210%Reya2.6743+0.213%Orderly2.6743+0.214%Bitget2.6744+0.217%BingX2.6745+0.221%BloFin2.6745+0.221%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%
Polymarket Perps
KuCoin
Kraken Futures
Variational Omni
Extended
Aster
Paradex
Binance
MEXC
Reya
Orderly
Bitget
BingX
BloFin
SoDEX
OKX
Lighter
Deribit
Bybit
GMX
HyperliquidInjective2.7130+1.664%
MORPHO 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 |
| 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 |
| Extended MORPHO-USD | +0.070% | +0.0008% | 1h | $101K | $304K | 10x | as long as short |
| Aster MORPHOUSDT | +0.072% | +0.0100% | 4h | $58K | $31K | 20x | as long as short |