Spread before costs (cost unknown: a leg has no order-book sample)+0.011%
7d average—if it closes, per $10,000$1funding while held, a day+$13.92
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MORPHO_USDT | 2.6924 | −0.0364 | get 0.0182% / 4h | 57m 09s | $776K | $529K | 50x |
| Short | SoDEX MORPHO-USD | 2.6927 | 0.0100 | get 0.0013% / 1h | 57m 09s | $23K | $2K | 5x |
Gate MORPHO_USDT
SoDEX 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
- $1.11
- Funding while held
- $13.92
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$7.97
- Spread needed to break even
- 0.230%
Slippage unknown: Gate: live order book, 36 min ago; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0464%
- Per $10,000 a day
- +$13.92
- 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, 36 min ago | 8.97 bp | 36.8 bp −$37 | 203.5 bp −$2,035 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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.Injective2.6760cheapest01 Exchange2.6890+0.486%Kraken Futures2.6902+0.532%Paradex2.6906+0.545%Polymarket Perps2.6914+0.575%Orderly2.6921+0.602%Extended2.6923+0.611%
Injective
Kraken Futures
Paradex
Polymarket Perps
Orderly
ExtendedGate2.6924+0.613%
MEXC2.6924+0.613%Bitget2.6925+0.617%Reya2.6926+0.620%Binance2.6927+0.624%
MEXC
Bitget
Reya
BinanceSoDEX2.6927+0.624%
Bybit2.6930+0.635%OKX2.6931+0.639%Aster2.6933+0.648%BingX2.6937+0.661%Deribit2.6941+0.676%BloFin2.6941+0.676%KuCoin2.6946+0.695%GMX2.6951+0.713%Variational Omni2.6976+0.806%Lighter2.6985+0.840%Phoenix2.6992+0.867%Hyperliquid2.6999+0.893%Coinbase International2.7014+0.949%
Bybit
OKX
Aster
BingX
Deribit
BloFin
KuCoin
GMX
Variational Omni
Lighter
Phoenix
Hyperliquid
Coinbase InternationalMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −0.609% | −0.0114% | 1h | $37 | $39K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.126% | −0.0528% | 1h | $884 | $12K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.081% | −0.1659% | 1h | $85K | $158K | 20x | as long as short |
| Paradex MORPHO-USD-PERP | −0.067% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.037% | −0.0286% | 1h | $24K | $2.2M | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.011% | −0.0211% | 4h | $10K | $34K | 10x | as long as short |
| Extended MORPHO-USD | −0.002% | +0.0104% | 1h | $101K | $304K | 10x | as long as short |
| Gate MORPHO_USDTlong | 0.000% | −0.0364% | 4h | $776K | $529K | 50x | |
| MEXC MORPHO_USDT | 0.000% | +0.0100% | 4h | $5.1M | $1.1M | 100x | as long as short |
| Bitget MORPHOUSDT | +0.004% | +0.0100% | 4h | $3.0M | $2.0M | 75x | as long as short |