Spread before costs (cost unknown: a leg has no order-book sample)−0.098%
7d average—if it closes, per $10,000$10funding while held, a day−$1.73
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX MORPHO/USD [ETH-USDC] | 2.6871 | L +0.0158% / S −0.0698% | pay 0.0020% / 1h | 17m 49s | $2K | — | 100x |
| Short | KuCoin MORPHOUSDTM | 2.6845 | 0.0100 | get 0.0050% / 4h | 2h 17m | $597K | $373K | 50x |
GMX MORPHO/USD [ETH-USDC]
KuCoin MORPHOUSDTMPrice 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
- −$9.79
- Funding while held
- −$1.73
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$35.51
- Spread needed to break even
- 0.240%
Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 33 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0058%
- Per $10,000 a day
- −$1.73
- 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 KuCoin live order book, 33 min ago | 14.69 bp | 90.4 bp −$90 | 195.7 bp −$1,957 | doesn't fit | doesn't fit |
GMX: 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.Coinbase International2.6711cheapestKraken Futures2.6799+0.330%01 Exchange2.6829+0.442%OKX2.6830+0.446%Gate2.6831+0.449%BloFin2.6835+0.464%Binance2.6840+0.485%BingX2.6841+0.487%SoDEX2.6843+0.494%Paradex2.6845+0.501%
Coinbase International
Kraken Futures
OKX
Gate
BloFin
Binance
BingX
SoDEX
ParadexKuCoin2.6845+0.502%
Polymarket Perps2.6845+0.502%Extended2.6846+0.504%Variational Omni2.6847+0.510%MEXC2.6848+0.513%Orderly2.6848+0.513%Bybit2.6850+0.520%Bitget2.6852+0.528%Reya2.6852+0.529%Deribit2.6856+0.543%
Polymarket Perps
Extended
Variational Omni
MEXC
Orderly
Bybit
Bitget
Reya
DeribitGMX2.6871+0.600%
Lighter2.6872+0.603%Aster2.6876+0.618%Phoenix2.6889+0.666%Hyperliquid2.6892+0.678%Injective2.7130+1.569%
Lighter
Aster
Phoenix
Hyperliquid
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International MORPHO-PERP-INTX | −0.597% | −0.0336% | 1h | $77K | $48K | 25x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.268% | −0.0932% | 1h | $85K | $176K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.157% | −0.0880% | 1h | $882 | $11K | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.154% | +0.0100% | 4h | $3.2M | $5.0M | 20x | as long as short |
| Gate MORPHO_USDT | −0.150% | −0.0656% | 4h | $767K | $547K | 50x | as long as short |
| BloFin MORPHO-USDT | −0.135% | −0.0152% | 4h | $675K | $218K | 20x | as long as short |
| Binance MORPHOUSDT | −0.115% | +0.0004% | 4h | $16.6M | $28.6M | 75x | as long as short |
| BingX MORPHO-USDT | −0.113% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | −0.105% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.098% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MORPHOUSDTMshort | −0.098% | +0.0100% | 4h | $597K | $373K | 50x | |
| Polymarket Perps MORPHO-USD | −0.098% | −0.0434% | 1h | $28K | $2.7M | 5x | as long as short |
| Extended MORPHO-USD | −0.095% | 0.0000% | 1h | $101K | $304K | 10x | as long as short |
| Variational Omni MORPHO | −0.089% | +0.0100% | 4h | $654K | $1.4M | — | as long as short |
| MEXC MORPHO_USDT | −0.087% | +0.0002% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.087% | −0.0192% | 4h | $10K | $34K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.079% | −0.0111% | 4h | $8.9M | $10.7M | 25x | as long as short |
| Bitget MORPHOUSDT | −0.072% | +0.0100% | 4h | $2.9M | $2.2M | 75x | as long as short |
| Reya MORPHORUSDPERP | −0.070% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.057% | −0.0866% | 1h | $10K | $745 | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC]long | 0.000% | L +0.0158% / S −0.0698% | 1h | $2K | — | 100x | |
| Lighter MORPHO | +0.003% | +0.0096% | 1h | $316K | $366K | 5x | as long as short |
| Aster MORPHOUSDT | +0.017% | +0.0100% | 4h | $59K | $31K | 20x | as long as short |
| Phoenix MORPHO | +0.066% | −0.0059% | 1h | $35K | $517K | 5x | as long as short |
| Hyperliquid MORPHO | +0.077% | +0.0100% | 1h | $6.4M | $8.0M | 5x | as long as short |
| Injective MORPHO/USDC PERP | +0.963% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |