Spread before costs (cost unknown: a leg has no order-book sample)+1.003%
7d average—if it closes, per $10,000$100funding while held, a day−$5.32
| 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 | 15m 18s | $38 | $85K | 5.5x |
| Short | Coinbase International MORPHO-PERP-INTX | 2.7402 | −0.0144 | pay 0.0018% / 1h | 15m 18s | $80K | $53K | 25x |
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTXPrice 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
- $100.26
- Funding while held
- −$5.32
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $84.92
- Spread needed to break even
- 0.100%
Slippage unknown: Injective: no order-book sample; Coinbase International: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0177%
- Per $10,000 a day
- −$5.32
- 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 Coinbase International no order-book sample | — | — | — | — | — |
Injective and Coinbase International: 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 Exchange2.7337+0.763%BloFin2.7345+0.792%Variational Omni2.7368+0.876%SoDEX2.7385+0.940%Deribit2.7388+0.951%Paradex2.7391+0.962%Extended2.7395+0.976%MEXC2.7400+0.995%Kraken Futures2.7400+0.996%Binance2.7401+0.999%
BloFin
Variational Omni
SoDEX
Deribit
Paradex
Extended
MEXC
Kraken Futures
BinanceCoinbase International2.7402+1.003%
Polymarket Perps2.7403+1.006%Gate2.7411+1.036%BingX2.7411+1.036%Phoenix2.7411+1.036%Bybit2.7413+1.043%Orderly2.7413+1.043%Reya2.7414+1.046%OKX2.7414+1.047%KuCoin2.7415+1.050%Bitget2.7423+1.080%Lighter2.7432+1.112%Aster2.7437+1.130%GMX2.7444+1.157%Hyperliquid2.7477+1.279%
Polymarket Perps
Gate
BingX
Phoenix
Bybit
Orderly
Reya
OKX
KuCoin
Bitget
Lighter
Aster
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 | $85K | 5.5x | |
| 01 Exchange MORPHOUSD | +0.763% | −0.1136% | 1h | $898 | $8K | 5x | as long as short |
| BloFin MORPHO-USDT | +0.792% | −0.0200% | 4h | $688K | $249K | 20x | as long as short |
| Variational Omni MORPHO | +0.876% | +0.0050% | 4h | $669K | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.940% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | +0.951% | −0.1208% | 1h | $11K | $443 | 10x | as long as short |
| Paradex MORPHO-USD-PERP | +0.962% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
| Extended MORPHO-USD | +0.976% | +0.0104% | 1h | $103K | $310K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.995% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Kraken Futures PF_MORPHOUSD | +0.996% | −0.0093% | 1h | $99K | $188K | 20x | as long as short |