After costs, if the gap returns to its 7d average, $10k−$62
spread now−0.183%7d average−0.146%fees + slippage, in and out−$59spread needed0.586%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MORPHO | 2.6844 | 0.0100 | pay 0.0013% / 1h | 39m 17s | $6.4M | $7.1M | 5x |
| Short | Binance MORPHOUSDT | 2.6795 | 0.0065 | get 0.0032% / 4h | 1h 39m | $16.5M | $27.3M | 75x |
Hyperliquid MORPHO
Binance MORPHOUSDTPrice 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
- −$18.34
- Funding while held
- −$1.06
- Slippage, 4 orders
- −$39.57
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$77.97
- Spread needed to break even
- 0.586%
Slippage from Hyperliquid: live order book, 4 min ago; Binance: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0035%
- Per $10,000 a day
- −$1.06
- 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 Hyperliquid live order book, 4 min ago | 0.56 bp | 13.5 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.56 bp | 15.1 bp −$15 | 36.5 bp −$365 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange2.6758cheapestParadex2.6779+0.078%Kraken Futures2.6787+0.108%Polymarket Perps2.6792+0.127%
Paradex
Kraken Futures
Polymarket PerpsBinance2.6795+0.139%
MEXC2.6796+0.142%Bybit2.6800+0.157%OKX2.6800+0.157%KuCoin2.6801+0.161%Gate2.6802+0.164%SoDEX2.6802+0.164%Reya2.6803+0.166%Extended2.6805+0.177%Bitget2.6807+0.183%BloFin2.6808+0.187%Aster2.6812+0.202%Orderly2.6812+0.202%Variational Omni2.6816+0.218%BingX2.6817+0.220%Deribit2.6818+0.224%GMX2.6829+0.264%
MEXC
Bybit
OKX
KuCoin
Gate
SoDEX
Reya
Extended
Bitget
BloFin
Aster
Orderly
Variational Omni
BingX
Deribit
GMXHyperliquid2.6844+0.323%
Phoenix2.6853+0.355%Lighter2.6854+0.358%Coinbase International2.6876+0.441%Injective2.7130+1.390%
Phoenix
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 | −0.321% | −0.0512% | 1h | $879 | $12K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.244% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.214% | −0.2230% | 1h | $84K | $165K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | −0.195% | −0.0300% | 1h | $27K | $2.7M | 5x | as long as short |
| Binance MORPHOUSDTshort | −0.183% | +0.0065% | 4h | $16.5M | $27.3M | 75x | |
| MEXC MORPHO_USDT | −0.180% | +0.0062% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Bybit MORPHOUSDT | −0.165% | −0.0137% | 4h | $8.8M | $10.3M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.165% | +0.0100% | 4h | $3.2M | $4.6M | 20x | as long as short |
| KuCoin MORPHOUSDTM | −0.161% | +0.0100% | 4h | $599K | $346K | 50x | as long as short |
| Gate MORPHO_USDT | −0.158% | −0.0590% | 4h | $773K | $538K | 50x | as long as short |