Spread before costs (cost unknown: a leg has no order-book sample)+1.067%
7d average—if it closes, per $10,000$107funding while held, a day+$1.88
| 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 | 28m 31s | $38 | $34K | 5.5x |
| Short | Lighter MORPHO | 2.7420 | 0.0096 | get 0.0012% / 1h | 28m 31s | $321K | $474K | 5x |
Injective MORPHO/USDC PERP
Lighter MORPHOPrice 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
- $106.75
- Funding while held
- $1.88
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $108.61
- Spread needed to break even
- 0.000%
Slippage unknown: Injective: no order-book sample; Lighter: live order book, 8 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0063%
- Per $10,000 a day
- +$1.88
- 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 Lighter live order book, 8 min ago | 3.56 bp | 9.2 bp −$9 | 99.0 bp −$990 | 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
Phoenix2.7351+0.815%Variational Omni2.7352+0.816%01 Exchange2.7360+0.848%Coinbase International2.7363+0.859%Paradex2.7364+0.862%BloFin2.7366+0.870%Extended2.7367+0.875%Gate2.7368+0.877%SoDEX2.7372+0.892%Polymarket Perps2.7374+0.899%MEXC2.7376+0.907%Binance2.7378+0.913%Orderly2.7379+0.918%Deribit2.7383+0.933%Reya2.7385+0.938%BingX2.7385+0.940%KuCoin2.7389+0.955%Kraken Futures2.7389+0.955%Aster2.7393+0.968%OKX2.7397+0.984%Bitget2.7398+0.988%Bybit2.7400+0.995%GMX2.7413+1.044%
Phoenix
Variational Omni
Coinbase International
Paradex
BloFin
Extended
Gate
SoDEX
Polymarket Perps
MEXC
Binance
Orderly
Deribit
Reya
BingX
KuCoin
Kraken Futures
Aster
OKX
Bitget
Bybit
GMXLighter2.7420+1.067%
Hyperliquid2.7463+1.227%
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 | |
| 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 |
| 01 Exchange MORPHOUSD | +0.848% | −0.0680% | 1h | $899 | $10K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | +0.859% | −0.0256% | 1h | $79K | $52K | 25x | as long as short |
| Paradex MORPHO-USD-PERP | +0.862% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| BloFin MORPHO-USDT | +0.870% | −0.0200% | 4h | $678K | $247K | 20x | as long as short |
| Extended MORPHO-USD | +0.875% | +0.0104% | 1h | $103K | $304K | 10x | as long as short |
| Gate MORPHO_USDT | +0.877% | −0.0388% | 4h | $767K | $574K | 50x | as long as short |
| SoDEX MORPHO-USD | +0.892% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |