Spread before costs (cost unknown: a leg has no order-book sample)−1.320%
7d average—if it closes, per $10,000$132funding while held, a day+$0.98
| 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 | 37m 07s | $38 | $34K | 5.5x |
| Short | MEXC MORPHO_USDT | 2.6772 | 0.0066 | get 0.0033% / 4h | 1h 37m | $4.8M | $1.2M | 100x |
Injective MORPHO/USDC PERP
MEXC 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
- −$131.96
- Funding while held
- $0.98
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$135
- Spread needed to break even
- 0.040%
Slippage unknown: Injective: no order-book sample; MEXC: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0033%
- Per $10,000 a day
- +$0.98
- 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 MEXC live order book, 2 min ago | 0.56 bp | 6.2 bp −$6 | 31.0 bp −$310 | 184.0 bp −$18.4K | 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.Kraken Futures2.6724cheapest01 Exchange2.6738+0.053%Extended2.6761+0.141%Gate2.6765+0.154%Binance2.6767+0.162%Paradex2.6769+0.170%SoDEX2.6770+0.173%BloFin2.6771+0.177%
Kraken Futures
Extended
Gate
Binance
Paradex
SoDEX
BloFinMEXC2.6772+0.181%
Orderly2.6773+0.184%Deribit2.6774+0.188%KuCoin2.6775+0.192%Polymarket Perps2.6777+0.199%Bybit2.6780+0.211%Reya2.6783+0.221%BingX2.6784+0.226%OKX2.6788+0.240%Aster2.6791+0.251%Bitget2.6796+0.270%GMX2.6803+0.298%Variational Omni2.6816+0.346%Hyperliquid2.6830+0.398%Phoenix2.6831+0.401%Lighter2.6835+0.416%Coinbase International2.6876+0.570%
Orderly
Deribit
KuCoin
Polymarket Perps
Bybit
Reya
BingX
OKX
Aster
Bitget
GMX
Variational Omni
Hyperliquid
Phoenix
Lighter
Coinbase InternationalInjective2.7130+1.520%
MORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MORPHOUSD | −1.497% | −0.2235% | 1h | $84K | $165K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −1.445% | −0.0544% | 1h | $879 | $12K | 5x | as long as short |
| Extended MORPHO-USD | −1.358% | +0.0064% | 1h | $101K | $304K | 10x | as long as short |
| Gate MORPHO_USDT | −1.345% | −0.0598% | 4h | $772K | $538K | 50x | as long as short |
| Binance MORPHOUSDT | −1.338% | +0.0067% | 4h | $16.5M | $27.3M | 75x | as long as short |
| Paradex MORPHO-USD-PERP | −1.330% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| SoDEX MORPHO-USD | −1.327% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| BloFin MORPHO-USDT | −1.323% | −0.0133% | 4h | $666K | $205K | 20x | as long as short |
| MEXC MORPHO_USDTshort | −1.320% | +0.0066% | 4h | $4.8M | $1.2M | 100x | |
| Orderly PERP_MORPHO_USDC | −1.316% | −0.0209% | 4h | $10K | $34K | 10x | as long as short |