Spread before costs (cost unknown: a leg has no order-book sample)+0.962%
7d average—if it closes, per $10,000$96funding while held, a day−$36.15
| 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 | 29m 58s | $38 | $34K | 5.5x |
| Short | Deribit MORPHO_USDC-PERPETUAL | 2.7391 | −0.1172 | pay 0.0146% / 1h | 29m 58s | $11K | $443 | 10x |
Injective MORPHO/USDC PERP
Deribit MORPHO_USDC-PERPETUALPrice 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
- $96.2
- Funding while held
- −$36.15
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $53.03
- Spread needed to break even
- 0.070%
Slippage unknown: Injective: no order-book sample; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.1205%
- Per $10,000 a day
- −$36.15
- 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 Deribit no order-book sample | — | — | — | — | — |
Injective and Deribit: 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
BloFin2.7331+0.741%Phoenix2.7351+0.815%Variational Omni2.7352+0.816%Coinbase International2.7363+0.859%Extended2.7372+0.892%Gate2.7373+0.896%Polymarket Perps2.7377+0.910%MEXC2.7380+0.921%01 Exchange2.7381+0.925%Binance2.7381+0.926%SoDEX2.7382+0.929%Reya2.7383+0.931%Paradex2.7385+0.941%BingX2.7386+0.944%Aster2.7390+0.959%
BloFin
Phoenix
Variational Omni
Coinbase International
Extended
Gate
Polymarket Perps
MEXC
Binance
SoDEX
Reya
Paradex
BingX
AsterDeribit2.7391+0.962%
OKX2.7393+0.969%Kraken Futures2.7396+0.980%KuCoin2.7397+0.984%Bitget2.7398+0.988%Bybit2.7403+1.006%GMX2.7421+1.073%Orderly2.7424+1.084%Lighter2.7428+1.097%Hyperliquid2.7461+1.220%
OKX
Kraken Futures
KuCoin
Bitget
Bybit
GMX
Orderly
Lighter
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 | |
| BloFin MORPHO-USDT | +0.741% | −0.0200% | 4h | $678K | $247K | 20x | as long as short |
| Phoenix MORPHO | +0.815% | −0.0146% | 1h | $35K | $554K | 5x | as long as short |
| Variational Omni MORPHO | +0.816% | +0.0100% | 4h | $668K | $1.4M | — | as long as short |
| Coinbase International MORPHO-PERP-INTX | +0.859% | −0.0256% | 1h | $79K | $52K | 25x | as long as short |
| Extended MORPHO-USD | +0.892% | +0.0104% | 1h | $103K | $304K | 10x | as long as short |
| Gate MORPHO_USDT | +0.896% | −0.0362% | 4h | $768K | $574K | 50x | as long as short |
| Polymarket Perps MORPHO-USD | +0.910% | −0.0273% | 1h | $27K | $3.0M | 5x | as long as short |
| MEXC MORPHO_USDT | +0.921% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| 01 Exchange MORPHOUSD | +0.925% | −0.0688% | 1h | $900 | $10K | 5x | as long as short |