Spread before costs (cost unknown: a leg has no order-book sample)−1.208%
7d average—if it closes, per $10,000$121funding while held, a day+$1.99
| 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 | 41m 31s | $38 | $34K | 5.5x |
| Short | Paradex MORPHO-USD-PERP | 2.6802 | 0.0100 | get 0.0100% / 8h | 5h 41m | $5K | $3 | 5x |
Injective MORPHO/USDC PERP
Paradex MORPHO-USD-PERPPrice 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
- −$120.85
- Funding while held
- $1.99
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$122.88
- Spread needed to break even
- 0.040%
Slippage unknown: Injective: no order-book sample; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0066%
- Per $10,000 a day
- +$1.99
- 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 Paradex no order-book sample | — | — | — | — | — |
Injective and Paradex: 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 Exchange2.6784cheapestBinance2.6795+0.040%Orderly2.6795+0.041%Kraken Futures2.6796+0.046%SoDEX2.6798+0.052%Gate2.6802+0.067%
Binance
Orderly
Kraken Futures
SoDEX
GateParadex2.6802+0.068%
BloFin2.6803+0.071%Deribit2.6805+0.078%MEXC2.6807+0.086%Polymarket Perps2.6807+0.086%Extended2.6808+0.088%BingX2.6809+0.093%Bybit2.6810+0.097%Variational Omni2.6811+0.100%Aster2.6812+0.105%Reya2.6817+0.124%Bitget2.6818+0.127%GMX2.6824+0.150%OKX2.6825+0.153%KuCoin2.6828+0.164%Hyperliquid2.6853+0.258%Phoenix2.6853+0.258%Lighter2.6864+0.297%Coinbase International2.6876+0.343%
BloFin
Deribit
MEXC
Polymarket Perps
Extended
BingX
Bybit
Variational Omni
Aster
Reya
Bitget
GMX
OKX
KuCoin
Hyperliquid
Phoenix
Lighter
Coinbase InternationalInjective2.7130+1.292%
MORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −1.275% | −0.0480% | 1h | $880 | $12K | 5x | as long as short |
| Binance MORPHOUSDT | −1.236% | +0.0059% | 4h | $16.5M | $27.4M | 75x | as long as short |
| Orderly PERP_MORPHO_USDC | −1.235% | −0.0209% | 4h | $10K | $34K | 10x | as long as short |
| Kraken Futures PF_MORPHOUSD | −1.230% | −0.2229% | 1h | $85K | $166K | 20x | as long as short |
| SoDEX MORPHO-USD | −1.224% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| Gate MORPHO_USDT | −1.209% | −0.0574% | 4h | $773K | $538K | 50x | as long as short |
| Paradex MORPHO-USD-PERPshort | −1.208% | +0.0100% | 8h | $5K | $3 | 5x | |
| BloFin MORPHO-USDT | −1.205% | −0.0111% | 4h | $663K | $205K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −1.198% | −0.0942% | 1h | $10K | $745 | 10x | as long as short |
| MEXC MORPHO_USDT | −1.191% | +0.0058% | 4h | $4.8M | $1.2M | 100x | as long as short |