Spread before costs (cost unknown: a leg has no order-book sample)−1.463%
7d average—if it closes, per $10,000$146funding while held, a day−$0.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MORPHO/USDC PERP | 2.7130 | 0.0033 | pay 0.0004% / 1h | 59m 21s | $38 | $34K | 5.5x |
| Short | Binance MORPHOUSDT | 2.6733 | 0.0017 | get 0.0008% / 4h | 1h 59m | $16.5M | $27.5M | 75x |
Injective MORPHO/USDC PERP
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
- −$146.33
- Funding while held
- −$0.5
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$156.86
- Spread needed to break even
- 0.100%
Slippage unknown: Injective: no order-book sample; Binance: live order book, 13 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0017%
- Per $10,000 a day
- −$0.50
- 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 Injective no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 13 min ago | 0.94 bp | 20.9 bp −$21 | 44.0 bp −$440 | doesn't fit | doesn't fit |
Injective: 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.Kraken Futures2.6675cheapest01 Exchange2.6705+0.113%Coinbase International2.6709+0.128%Gate2.6722+0.177%KuCoin2.6727+0.196%Reya2.6730+0.207%Polymarket Perps2.6731+0.211%Bitget2.6732+0.215%
Kraken Futures
Coinbase International
Gate
KuCoin
Reya
Polymarket Perps
BitgetBinance2.6733+0.218%
MEXC2.6733+0.218%Extended2.6735+0.224%SoDEX2.6739+0.241%Variational Omni2.6743+0.254%BloFin2.6745+0.263%Orderly2.6746+0.267%Paradex2.6747+0.270%GMX2.6747+0.271%Aster2.6749+0.279%BingX2.6751+0.286%Deribit2.6751+0.286%OKX2.6756+0.305%Bybit2.6757+0.308%Hyperliquid2.6769+0.353%Lighter2.6769+0.353%Phoenix2.6771+0.361%
MEXC
Extended
SoDEX
Variational Omni
BloFin
Orderly
Paradex
GMX
Aster
BingX
Deribit
OKX
Bybit
Hyperliquid
Lighter
PhoenixInjective2.7130+1.707%
MORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MORPHOUSD | −1.678% | −0.0937% | 1h | $84K | $167K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −1.567% | −0.0864% | 1h | $878 | $11K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −1.552% | −0.0336% | 1h | $77K | $47K | 25x | as long as short |
| Gate MORPHO_USDT | −1.504% | −0.0666% | 4h | $766K | $534K | 50x | as long as short |
| KuCoin MORPHOUSDTM | −1.485% | +0.0100% | 4h | $595K | $344K | 50x | as long as short |
| Reya MORPHORUSDPERP | −1.474% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −1.471% | −0.0686% | 1h | $27K | $2.7M | 5x | as long as short |
| Bitget MORPHOUSDT | −1.467% | +0.0100% | 4h | $2.9M | $2.1M | 75x | as long as short |
| Binance MORPHOUSDTshort | −1.463% | +0.0017% | 4h | $16.5M | $27.5M | 75x | |
| MEXC MORPHO_USDT | −1.463% | +0.0012% | 4h | $4.8M | $1.2M | 100x | as long as short |