Spread before costs (cost unknown: a leg has no order-book sample)+1.869%
7d average—if it closes, per $10,000$187funding while held, a day−$3.08
| 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 | 6m 30s | $38 | $137K | 5.5x |
| Short | Orderly PERP_MORPHO_USDC | 2.7637 | −0.0069 | pay 0.0035% / 4h | 1h 06m | $11K | $34K | 10x |
Injective MORPHO/USDC PERP
Orderly PERP_MORPHO_USDCPrice 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
- $186.88
- Funding while held
- −$3.08
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $177.78
- Spread needed to break even
- 0.060%
Slippage unknown: Injective: no order-book sample; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0103%
- Per $10,000 a day
- −$3.08
- 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 Orderly no order-book sample | — | — | — | — | — |
Injective and Orderly: 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 Exchange2.7532+1.482%Paradex2.7616+1.790%Variational Omni2.7619+1.803%Extended2.7625+1.826%Binance2.7630+1.842%
Paradex
Variational Omni
Extended
BinanceOrderly2.7637+1.869%
SoDEX2.7643+1.891%OKX2.7646+1.902%Gate2.7649+1.913%Bybit2.7650+1.917%BloFin2.7654+1.931%Deribit2.7655+1.935%Reya2.7658+1.947%BingX2.7663+1.965%MEXC2.7671+1.994%Aster2.7672+1.997%Bitget2.7672+1.998%GMX2.7675+2.010%Kraken Futures2.7678+2.021%KuCoin2.7679+2.024%Polymarket Perps2.7680+2.027%Lighter2.7681+2.031%Hyperliquid2.7717+2.164%Coinbase International2.7751+2.289%Phoenix2.7753+2.296%
SoDEX
OKX
Gate
Bybit
BloFin
Deribit
Reya
BingX
MEXC
Aster
Bitget
GMX
Kraken Futures
KuCoin
Polymarket Perps
Lighter
Hyperliquid
Coinbase International
PhoenixMORPHO 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 | $137K | 5.5x | |
| 01 Exchange MORPHOUSD | +1.482% | −0.1440% | 1h | $905 | $8K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +1.790% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Variational Omni MORPHO | +1.803% | +0.0100% | 4h | $674K | $1.4M | — | as long as short |
| Extended MORPHO-USD | +1.826% | +0.0104% | 1h | $104K | $310K | 10x | as long as short |
| Binance MORPHOUSDT | +1.842% | +0.0100% | 4h | $16.9M | $30.3M | 75x | as long as short |
| Orderly PERP_MORPHO_USDCshort | +1.869% | −0.0069% | 4h | $11K | $34K | 10x | |
| SoDEX MORPHO-USD | +1.891% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | +1.902% | +0.0100% | 4h | $3.3M | $5.8M | 20x | as long as short |
| Gate MORPHO_USDT | +1.913% | −0.0310% | 4h | $780K | $592K | 50x | as long as short |