Spread before costs (cost unknown: a leg has no order-book sample)−0.091%
7d average—if it closes, per $10,000$9funding while held, a day−$32.99
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX MORPHO/USD [ETH-USDC] | 2.6833 | L +0.0158% / S −0.0698% | pay 0.0020% / 1h | 37m 36s | $2K | — | 100x |
| Short | Deribit MORPHO_USDC-PERPETUAL | 2.6809 | −0.0942 | pay 0.0118% / 1h | 37m 36s | $10K | $745 | 10x |
GMX MORPHO/USD [ETH-USDC]
Deribit MORPHO_USDC-PERPETUALPrice 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
- −$9.12
- Funding while held
- −$32.99
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$61.11
- Spread needed to break even
- 0.190%
Slippage unknown: GMX: no order-book sample; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.1100%
- Per $10,000 a day
- −$32.99
- 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 GMX no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
GMX and Deribit: 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 Exchange2.6738cheapestKraken Futures2.6765+0.102%Paradex2.6769+0.117%Extended2.6773+0.130%Gate2.6775+0.138%Binance2.6777+0.146%Polymarket Perps2.6777+0.146%Reya2.6783+0.167%Bybit2.6790+0.194%MEXC2.6791+0.198%BingX2.6792+0.202%SoDEX2.6792+0.202%KuCoin2.6794+0.209%Bitget2.6796+0.217%Orderly2.6801+0.236%BloFin2.6808+0.262%
Kraken Futures
Paradex
Extended
Gate
Binance
Polymarket Perps
Reya
Bybit
MEXC
BingX
SoDEX
KuCoin
Bitget
Orderly
BloFinDeribit2.6809+0.266%
Aster2.6812+0.277%OKX2.6813+0.280%Variational Omni2.6816+0.292%Phoenix2.6831+0.348%
Aster
OKX
Variational Omni
PhoenixGMX2.6833+0.357%
Hyperliquid2.6854+0.433%Lighter2.6857+0.445%Coinbase International2.6876+0.516%Injective2.7130+1.466%
Hyperliquid
Lighter
Coinbase International
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.356% | −0.0544% | 1h | $879 | $12K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.254% | −0.2232% | 1h | $84K | $165K | 20x | as long as short |
| Paradex MORPHO-USD-PERP | −0.239% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Extended MORPHO-USD | −0.227% | +0.0064% | 1h | $101K | $304K | 10x | as long as short |
| Gate MORPHO_USDT | −0.218% | −0.0598% | 4h | $773K | $538K | 50x | as long as short |
| Binance MORPHOUSDT | −0.210% | +0.0067% | 4h | $16.5M | $27.3M | 75x | as long as short |
| Polymarket Perps MORPHO-USD | −0.210% | −0.0316% | 1h | $27K | $2.7M | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.189% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Bybit MORPHOUSDT | −0.162% | −0.0162% | 4h | $8.8M | $10.3M | 25x | as long as short |
| MEXC MORPHO_USDT | −0.158% | +0.0066% | 4h | $4.8M | $1.2M | 100x | as long as short |