Spread before costs (cost unknown: a leg has no order-book sample)−0.376%
7d average—if it closes, per $10,000$38funding while held, a day+$2.00
| 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 | 33m 00s | $38 | $34K | 5.5x |
| Short | SoDEX MORPHO-USD | 2.7028 | 0.0100 | get 0.0013% / 1h | 33m 00s | $23K | $2K | 5x |
Injective MORPHO/USDC PERP
SoDEX MORPHO-USDPrice 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
- −$37.6
- Funding while held
- $2
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$43.62
- Spread needed to break even
- 0.080%
Slippage unknown: Injective: no order-book sample; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0067%
- Per $10,000 a day
- +$2.00
- 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 SoDEX no order-book sample | — | — | — | — | — |
Injective and SoDEX: 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 Exchange2.7011cheapestGate2.7017+0.022%Kraken Futures2.7024+0.049%
Gate
Kraken FuturesSoDEX2.7028+0.063%
Orderly2.7031+0.074%Paradex2.7034+0.085%MEXC2.7035+0.089%Extended2.7035+0.089%KuCoin2.7036+0.093%Binance2.7038+0.100%Polymarket Perps2.7042+0.115%Deribit2.7042+0.115%BloFin2.7042+0.115%Reya2.7049+0.141%Bitget2.7050+0.144%BingX2.7051+0.148%Bybit2.7060+0.181%Phoenix2.7064+0.196%GMX2.7067+0.207%Lighter2.7070+0.217%OKX2.7072+0.226%Variational Omni2.7072+0.226%Aster2.7075+0.235%Coinbase International2.7093+0.304%Hyperliquid2.7096+0.315%
Orderly
Paradex
MEXC
Extended
KuCoin
Binance
Polymarket Perps
Deribit
BloFin
Reya
Bitget
BingX
Bybit
Phoenix
GMX
Lighter
OKX
Variational Omni
Aster
Coinbase International
HyperliquidInjective2.7130+0.441%
MORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.439% | −0.0936% | 1h | $888 | $11K | 5x | as long as short |
| Gate MORPHO_USDT | −0.417% | −0.0604% | 4h | $764K | $541K | 50x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.390% | −0.0925% | 1h | $93K | $173K | 20x | as long as short |
| SoDEX MORPHO-USDshort | −0.376% | +0.0100% | 1h | $23K | $2K | 5x | |
| Orderly PERP_MORPHO_USDC | −0.365% | −0.0184% | 4h | $10K | $34K | 10x | as long as short |
| Paradex MORPHO-USD-PERP | −0.354% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| MEXC MORPHO_USDT | −0.350% | −0.0002% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Extended MORPHO-USD | −0.350% | 0.0000% | 1h | $102K | $304K | 10x | as long as short |
| KuCoin MORPHOUSDTM | −0.346% | +0.0100% | 4h | $603K | $374K | 50x | as long as short |
| Binance MORPHOUSDT | −0.339% | −0.0001% | 4h | $16.7M | $28.7M | 75x | as long as short |