After costs, if the gap returns to its 7d average, $10k−$127
spread now+0.032%7d average−0.064%fees + slippage, in and out−$137spread needed1.365%
| 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 50s | $100K | $183K | 20x |
| Short | Bitget MORPHOUSDT | 2.7398 | 0.0100 | get 0.0050% / 4h | 3h 28m | $3.0M | $2.6M | 75x |
Kraken Futures PF_MORPHOUSD
Bitget 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
- $3.25
- Funding while held
- $34.51
- Slippage, 4 orders
- −$114.53
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$98.78
- Spread needed to break even
- 1.365%
Slippage from Kraken Futures: live order book, 15 min ago; Bitget: live order book, just now.
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 Bitget live order book, just now | 4.56 bp | 24.0 bp −$24 | 81.9 bp −$819 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.7130cheapest01 Exchange2.7349+0.807%Phoenix2.7351+0.815%Variational Omni2.7352+0.816%Paradex2.7359+0.844%Coinbase International2.7363+0.859%BloFin2.7366+0.870%Gate2.7368+0.877%Extended2.7369+0.882%Binance2.7371+0.888%SoDEX2.7372+0.892%Polymarket Perps2.7374+0.899%MEXC2.7375+0.903%Orderly2.7379+0.918%BingX2.7383+0.933%Deribit2.7383+0.933%Reya2.7385+0.938%Aster2.7387+0.948%
Injective
Phoenix
Variational Omni
Paradex
Coinbase International
BloFin
Gate
Extended
Binance
SoDEX
Polymarket Perps
MEXC
Orderly
BingX
Deribit
Reya
AsterKraken Futures2.7389+0.955%
KuCoin2.7390+0.958%OKX2.7397+0.984%
KuCoin
OKXBitget2.7398+0.988%
Bybit2.7400+0.995%GMX2.7413+1.044%Lighter2.7420+1.067%Hyperliquid2.7463+1.227%
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 |
| 01 Exchange MORPHOUSD | −0.146% | −0.0688% | 1h | $899 | $10K | 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 |
| Paradex MORPHO-USD-PERP | −0.110% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.095% | −0.0256% | 1h | $79K | $52K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.084% | −0.0200% | 4h | $678K | $247K | 20x | as long as short |
| Gate MORPHO_USDT | −0.077% | −0.0382% | 4h | $768K | $574K | 50x | as long as short |
| Extended MORPHO-USD | −0.072% | +0.0104% | 1h | $103K | $304K | 10x | as long as short |
| Binance MORPHOUSDT | −0.066% | +0.0100% | 4h | $16.9M | $30.4M | 75x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX MORPHO-USD | −0.062% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.055% | −0.0283% | 1h | $27K | $3.0M | 5x | as long as short |
| MEXC MORPHO_USDT | −0.052% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.037% | −0.0137% | 4h | $11K | $34K | 10x | as long as short |
| BingX MORPHO-USDT | −0.022% | +0.0100% | 4h | — | $1.5M | — | 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 |
| Aster MORPHOUSDT | −0.007% | +0.0100% | 4h | $60K | $34K | 20x | as long as short |
| Kraken Futures PF_MORPHOUSDlong | 0.000% | −0.1050% | 1h | $100K | $183K | 20x | |
| KuCoin MORPHOUSDTM | +0.003% | +0.0100% | 4h | $663K | $380K | 50x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.029% | +0.0100% | 4h | $3.3M | $5.6M | 20x | as long as short |
| Bitget MORPHOUSDTshort | +0.032% | +0.0100% | 4h | $3.0M | $2.6M | 75x | |
| Bybit MORPHOUSDT | +0.040% | −0.0172% | 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 |