Spread before costs (cost unknown: a leg has no order-book sample)−0.521%
7d average—if it closes, per $10,000$52funding while held, a day−$28.77
| 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 | 31m 52s | $38 | $34K | 5.5x |
| Short | Kraken Futures PF_MORPHOUSD | 2.6989 | −0.0926 | pay 0.0116% / 1h | 31m 52s | $86K | $181K | 20x |
Injective MORPHO/USDC PERP
Kraken Futures PF_MORPHOUSDPrice 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
- −$52.07
- Funding while held
- −$28.77
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$90.86
- Spread needed to break even
- 0.100%
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 7 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0959%
- Per $10,000 a day
- −$28.77
- 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 Kraken Futures live order book, 7 min ago | 17.85 bp | 73.3 bp −$73 | 165.5 bp −$1,655 | 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.01 Exchange2.6960cheapest
Kraken Futures2.6989+0.107%
Gate2.7006+0.171%Polymarket Perps2.7009+0.182%Paradex2.7018+0.217%SoDEX2.7020+0.223%Reya2.7020+0.223%Orderly2.7025+0.241%BingX2.7027+0.249%KuCoin2.7028+0.252%Aster2.7031+0.264%MEXC2.7037+0.286%Deribit2.7037+0.286%Binance2.7038+0.289%BloFin2.7042+0.304%Extended2.7044+0.312%Bitget2.7048+0.326%Bybit2.7050+0.334%Lighter2.7054+0.349%GMX2.7054+0.349%OKX2.7062+0.378%Phoenix2.7064+0.386%Variational Omni2.7072+0.416%Hyperliquid2.7085+0.464%Coinbase International2.7086+0.467%
Gate
Polymarket Perps
Paradex
SoDEX
Reya
Orderly
BingX
KuCoin
Aster
MEXC
Deribit
Binance
BloFin
Extended
Bitget
Bybit
Lighter
GMX
OKX
Phoenix
Variational Omni
Hyperliquid
Coinbase InternationalInjective2.7130+0.631%
MORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.627% | −0.0928% | 1h | $886 | $11K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSDshort | −0.521% | −0.0926% | 1h | $86K | $181K | 20x | |
| Gate MORPHO_USDT | −0.457% | −0.0628% | 4h | $765K | $541K | 50x | as long as short |
| Polymarket Perps MORPHO-USD | −0.446% | −0.0421% | 1h | $27K | $2.7M | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.411% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| SoDEX MORPHO-USD | −0.405% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.405% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.387% | −0.0185% | 4h | $10K | $34K | 10x | as long as short |
| BingX MORPHO-USDT | −0.380% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| KuCoin MORPHOUSDTM | −0.376% | +0.0100% | 4h | $603K | $374K | 50x | as long as short |