After costs, if the gap returns to its 7d average, $10k−$94
spread now−0.004%7d average+0.003%fees + slippage, in and out−$94spread needed0.936%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MORPHO_USDT | 2.7366 | −0.0316 | get 0.0158% / 4h | 16m 56s | $771K | $598K | 50x |
| Short | MEXC MORPHO_USDT | 2.7365 | 0.0100 | get 0.0050% / 4h | 16m 56s | $4.9M | $1.3M | 100x |
Gate MORPHO_USDT
MEXC 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
- −$0.37
- Funding while held
- $12.48
- Slippage, 4 orders
- −$74.55
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$81.44
- Spread needed to break even
- 0.936%
Slippage from Gate: live order book, 31 min ago; MEXC: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0416%
- Per $10,000 a day
- +$12.48
- 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, 31 min ago | 10.15 bp | 40.0 bp −$40 | 228.1 bp −$2,281 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.73 bp | 6.0 bp −$6 | 34.2 bp −$342 | 177.9 bp −$17.8K | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.7130cheapest01 Exchange2.7292+0.597%Variational Omni2.7333+0.747%Paradex2.7340+0.775%BloFin2.7345+0.792%Reya2.7353+0.823%SoDEX2.7355+0.829%Orderly2.7357+0.837%Bitget2.7358+0.840%Extended2.7358+0.842%Polymarket Perps2.7362+0.855%Deribit2.7363+0.859%
Injective
Variational Omni
Paradex
BloFin
Reya
SoDEX
Orderly
Bitget
Extended
Polymarket Perps
DeribitMEXC2.7365+0.866%
Gate2.7366+0.870%
Binance2.7367+0.873%KuCoin2.7368+0.877%Bybit2.7369+0.881%Kraken Futures2.7371+0.888%OKX2.7372+0.892%BingX2.7376+0.907%GMX2.7395+0.976%Lighter2.7399+0.990%Coinbase International2.7402+1.003%Aster2.7403+1.005%Phoenix2.7411+1.036%Hyperliquid2.7435+1.126%
Binance
KuCoin
Bybit
Kraken Futures
OKX
BingX
GMX
Lighter
Coinbase International
Aster
Phoenix
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 | −0.862% | +0.0033% | 1h | $38 | $85K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.270% | −0.1136% | 1h | $897 | $8K | 5x | as long as short |
| Variational Omni MORPHO | −0.122% | +0.0073% | 4h | $669K | $1.4M | — | as long as short |
| Paradex MORPHO-USD-PERP | −0.094% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
| BloFin MORPHO-USDT | −0.077% | −0.0200% | 4h | $688K | $249K | 20x | as long as short |
| Reya MORPHORUSDPERP | −0.046% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| SoDEX MORPHO-USD | −0.040% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.033% | −0.0109% | 4h | $11K | $34K | 10x | as long as short |
| Bitget MORPHOUSDT | −0.029% | +0.0100% | 4h | $3.0M | $2.6M | 75x | as long as short |
| Extended MORPHO-USD | −0.028% | +0.0104% | 1h | $103K | $310K | 10x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps MORPHO-USD | −0.015% | −0.0383% | 1h | $31K | $3.0M | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.011% | −0.1173% | 1h | $11K | $443 | 10x | as long as short |
| MEXC MORPHO_USDTshort | −0.004% | +0.0100% | 4h | $4.9M | $1.3M | 100x | |
| Gate MORPHO_USDTlong | 0.000% | −0.0316% | 4h | $771K | $598K | 50x | |
| Binance MORPHOUSDT | +0.003% | +0.0100% | 4h | $16.9M | $31.0M | 75x | as long as short |
| KuCoin MORPHOUSDTM | +0.007% | +0.0100% | 4h | $662K | $378K | 50x | as long as short |
| Bybit MORPHOUSDT | +0.011% | −0.0127% | 4h | $9.1M | $11.3M | 25x | as long as short |
| Kraken Futures PF_MORPHOUSD | +0.018% | −0.0093% | 1h | $99K | $188K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.022% | +0.0100% | 4h | $3.2M | $5.8M | 20x | as long as short |
| BingX MORPHO-USDT | +0.037% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| GMX MORPHO/USD [ETH-USDC] | +0.105% | L +0.0197% / S −0.0897% | 1h | $2K | — | 100x | as long as short |
| Lighter MORPHO | +0.119% | +0.0096% | 1h | $321K | $503K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | +0.132% | −0.0144% | 1h | $80K | $53K | 25x | as long as short |
| Aster MORPHOUSDT | +0.134% | +0.0100% | 4h | $60K | $34K | 20x | as long as short |
| Phoenix MORPHO | +0.164% | −0.0029% | 1h | $35K | $560K | 5x | as long as short |
| Hyperliquid MORPHO | +0.254% | +0.0100% | 1h | $6.7M | $8.1M | 5x | as long as short |