After costs, if the gap returns to its 7d average, $10k−$112
spread now+0.104%7d average+0.035%fees + slippage, in and out−$119spread needed1.191%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MORPHO_USDT | 2.6884 | −0.0506 | get 0.0253% / 4h | 1h 14m | $776K | $539K | 50x |
| Short | OKX MORPHO-USDT-SWAP | 2.6912 | 0.0100 | get 0.0050% / 4h | 1h 14m | $3.2M | $4.6M | 20x |
Gate MORPHO_USDT
OKX MORPHO-USDT-SWAPPrice 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
- $10.42
- Funding while held
- $18.18
- Slippage, 4 orders
- −$94.05
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$90.46
- Spread needed to break even
- 1.191%
Slippage from Gate: live order book, 19 min ago; OKX: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0606%
- Per $10,000 a day
- +$18.18
- 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, 19 min ago | 8.97 bp | 36.8 bp −$37 | 203.5 bp −$2,035 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.04 bp | 20.8 bp −$21 | 119.5 bp −$1,195 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.6760cheapestKraken Futures2.6831+0.265%Variational Omni2.6876+0.433%Extended2.6880+0.449%01 Exchange2.6882+0.456%MEXC2.6883+0.460%Orderly2.6883+0.460%
Injective
Kraken Futures
Variational Omni
Extended
MEXC
OrderlyGate2.6884+0.463%
Bybit2.6885+0.467%Polymarket Perps2.6885+0.467%Aster2.6885+0.467%SoDEX2.6886+0.471%Paradex2.6890+0.486%Binance2.6891+0.490%BloFin2.6893+0.497%Deribit2.6896+0.508%Reya2.6896+0.510%Phoenix2.6897+0.512%BingX2.6899+0.519%Bitget2.6900+0.523%KuCoin2.6901+0.527%GMX2.6906+0.547%
Bybit
Polymarket Perps
Aster
SoDEX
Paradex
Binance
BloFin
Deribit
Reya
Phoenix
BingX
Bitget
KuCoin
GMXOKX2.6912+0.568%
Coinbase International2.6920+0.598%Lighter2.6932+0.642%Hyperliquid2.6961+0.751%
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 | −0.461% | +0.0033% | 1h | $37 | $39K | 5.5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.198% | −0.2226% | 1h | $85K | $164K | 20x | as long as short |
| Variational Omni MORPHO | −0.030% | +0.0017% | 4h | $652K | $1.4M | — | as long as short |
| Extended MORPHO-USD | −0.014% | +0.0088% | 1h | $101K | $304K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.007% | −0.0600% | 1h | $883 | $12K | 5x | as long as short |
| MEXC MORPHO_USDT | −0.004% | +0.0086% | 4h | $4.9M | $1.2M | 100x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.004% | −0.0208% | 4h | $10K | $34K | 10x | as long as short |
| Gate MORPHO_USDTlong | 0.000% | −0.0506% | 4h | $776K | $539K | 50x | |
| Bybit MORPHOUSDT | +0.004% | −0.0163% | 4h | $8.8M | $10.2M | 25x | as long as short |
| Polymarket Perps MORPHO-USD | +0.004% | −0.0249% | 1h | $24K | $2.2M | 5x | as long as short |