Spread before costs (cost unknown: a leg has no order-book sample)+0.955%
7d average—if it closes, per $10,000$95funding while held, a day−$6.98
| 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 | 25m 35s | $38 | $34K | 5.5x |
| Short | BloFin MORPHO-USDT | 2.7389 | −0.0199 | pay 0.0100% / 4h | 3h 25m | $679K | $247K | 20x |
Injective MORPHO/USDC PERP
BloFin MORPHO-USDTPrice 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
- $95.47
- Funding while held
- −$6.98
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $76.47
- Spread needed to break even
- 0.120%
Slippage unknown: Injective: no order-book sample; BloFin: live order book, 13 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0233%
- Per $10,000 a day
- −$6.98
- 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 BloFin live order book, 13 min ago | 0.55 bp | 14.7 bp −$15 | 30.9 bp −$309 | 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.Injective2.7130cheapest
01 Exchange2.7309+0.660%Binance2.7338+0.767%Gate2.7340+0.774%Paradex2.7343+0.784%Variational Omni2.7345+0.794%Extended2.7349+0.807%Bybit2.7350+0.811%MEXC2.7352+0.818%SoDEX2.7356+0.833%OKX2.7357+0.837%Coinbase International2.7363+0.859%Orderly2.7366+0.870%KuCoin2.7368+0.877%Polymarket Perps2.7371+0.888%BingX2.7372+0.892%Kraken Futures2.7374+0.898%Aster2.7374+0.899%Bitget2.7374+0.899%Reya2.7374+0.900%Deribit2.7386+0.944%Lighter2.7386+0.945%
Binance
Gate
Paradex
Variational Omni
Extended
Bybit
MEXC
SoDEX
OKX
Coinbase International
Orderly
KuCoin
Polymarket Perps
BingX
Kraken Futures
Aster
Bitget
Reya
Deribit
LighterBloFin2.7389+0.955%
Phoenix2.7402+1.003%GMX2.7406+1.018%Hyperliquid2.7431+1.109%
Phoenix
GMX
HyperliquidMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERPlong | 0.000% | +0.0033% | 1h | $38 | $34K | 5.5x | |
| 01 Exchange MORPHOUSD | +0.660% | −0.0696% | 1h | $897 | $10K | 5x | as long as short |
| Binance MORPHOUSDT | +0.767% | +0.0096% | 4h | $16.9M | $30.4M | 75x | as long as short |
| Gate MORPHO_USDT | +0.774% | −0.0456% | 4h | $767K | $574K | 50x | as long as short |
| Paradex MORPHO-USD-PERP | +0.784% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Variational Omni MORPHO | +0.794% | +0.0100% | 4h | $670K | $1.4M | — | as long as short |
| Extended MORPHO-USD | +0.807% | +0.0096% | 1h | $103K | $304K | 10x | as long as short |
| Bybit MORPHOUSDT | +0.811% | −0.0264% | 4h | $9.0M | $11.1M | 25x | as long as short |
| MEXC MORPHO_USDT | +0.818% | +0.0098% | 4h | $4.9M | $1.3M | 100x | as long as short |
| SoDEX MORPHO-USD | +0.833% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |