Spread before costs (cost unknown: a leg has no order-book sample)+0.013%
7d average—if it closes, per $10,000$1funding while held, a day+$34.51
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MORPHOUSD | 2.7389 | −0.1050 | get 0.0131% / 1h | 28m 33s | $100K | $183K | 20x |
| Short | Aster MORPHOUSDT | 2.7393 | 0.0100 | get 0.0050% / 4h | 3h 28m | $60K | $34K | 20x |
Kraken Futures PF_MORPHOUSD
Aster MORPHOUSDTPrice 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
- $1.31
- Funding while held
- $34.51
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $17.82
- Spread needed to break even
- 0.180%
Slippage unknown: Kraken Futures: live order book, 15 min ago; Aster: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1150%
- Per $10,000 a day
- +$34.51
- 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 Kraken Futures live order book, 15 min ago | 19.30 bp | 38.4 bp −$38 | 3346.0 bp −$33.5K | doesn't fit | doesn't fit |
| Sell Aster no order-book sample | — | — | — | — | — |
Aster: 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.Injective2.7130cheapestPhoenix2.7351+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%
Injective
Phoenix
Variational Omni
Coinbase International
Paradex
BloFin
Extended
Gate
SoDEX
Polymarket Perps
MEXC
Binance
Orderly
Deribit
Reya
BingX
KuCoinKraken Futures2.7389+0.955%
Aster2.7393+0.968%
OKX2.7397+0.984%Bitget2.7398+0.988%Bybit2.7400+0.995%GMX2.7413+1.044%Lighter2.7420+1.067%Hyperliquid2.7463+1.227%
OKX
Bitget
Bybit
GMX
Lighter
HyperliquidMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −0.946% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |
| Phoenix MORPHO | −0.139% | −0.0146% | 1h | $35K | $554K | 5x | as long as short |
| Variational Omni MORPHO | −0.137% | +0.0100% | 4h | $668K | $1.4M | — | as long as short |
| 01 Exchange MORPHOUSD | −0.106% | −0.0680% | 1h | $899 | $10K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.095% | −0.0256% | 1h | $79K | $52K | 25x | as long as short |
| Paradex MORPHO-USD-PERP | −0.093% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| BloFin MORPHO-USDT | −0.084% | −0.0200% | 4h | $678K | $247K | 20x | as long as short |
| Extended MORPHO-USD | −0.080% | +0.0104% | 1h | $103K | $304K | 10x | as long as short |
| Gate MORPHO_USDT | −0.077% | −0.0388% | 4h | $767K | $574K | 50x | as long as short |
| SoDEX MORPHO-USD | −0.062% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps MORPHO-USD | −0.055% | −0.0283% | 1h | $27K | $3.0M | 5x | as long as short |
| MEXC MORPHO_USDT | −0.048% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Binance MORPHOUSDT | −0.041% | +0.0100% | 4h | $16.9M | $30.5M | 75x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.037% | −0.0137% | 4h | $11K | $34K | 10x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.022% | −0.1136% | 1h | $11K | $443 | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.017% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| BingX MORPHO-USDT | −0.015% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| KuCoin MORPHOUSDTM | 0.000% | +0.0100% | 4h | $663K | $380K | 50x | as long as short |
| Kraken Futures PF_MORPHOUSDlong | 0.000% | −0.1050% | 1h | $100K | $183K | 20x | |
| Aster MORPHOUSDTshort | +0.013% | +0.0100% | 4h | $60K | $34K | 20x | |
| OKX MORPHO-USDT-SWAP | +0.029% | +0.0100% | 4h | $3.3M | $5.6M | 20x | as long as short |
| Bitget MORPHOUSDT | +0.032% | +0.0100% | 4h | $3.0M | $2.6M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.040% | −0.0222% | 4h | $9.0M | $11.2M | 25x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | +0.088% | L +0.0197% / S −0.0897% | 1h | $2K | — | 100x | as long as short |
| Lighter MORPHO | +0.111% | +0.0096% | 1h | $321K | $474K | 5x | as long as short |
| Hyperliquid MORPHO | +0.270% | +0.0131% | 1h | $6.7M | $8.1M | 5x | as long as short |