After costs, if the gap returns to its 7d average, $10k−$232
spread now−0.094%7d average−0.060%fees + slippage, in and out−$228spread needed2.284%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MORPHOUSD | 2.7374 | −0.1051 | get 0.0131% / 1h | 26m 15s | $100K | $183K | 20x |
| Short | Gate MORPHO_USDT | 2.7348 | −0.0458 | pay 0.0229% / 4h | 3h 26m | $767K | $574K | 50x |
Kraken Futures PF_MORPHOUSD
Gate MORPHO_USDTPrice 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
- −$9.38
- Funding while held
- $17.79
- Slippage, 4 orders
- −$203.38
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$219.98
- Spread needed to break even
- 2.284%
Slippage from Kraken Futures: live order book, 18 min ago; Gate: live order book, 17 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0593%
- Per $10,000 a day
- +$17.79
- 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, 18 min ago | 19.30 bp | 38.4 bp −$38 | 3346.0 bp −$33.5K | doesn't fit | doesn't fit |
| Sell Gate live order book, 17 min ago | 7.30 bp | 60.9 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.7130cheapest01 Exchange2.7332+0.745%
InjectiveGate2.7348+0.804%
Variational Omni2.7352+0.816%Extended2.7354+0.824%SoDEX2.7356+0.833%Paradex2.7359+0.843%Binance2.7360+0.847%Bitget2.7361+0.851%OKX2.7363+0.859%Coinbase International2.7363+0.859%Orderly2.7366+0.870%Bybit2.7370+0.885%Polymarket Perps2.7371+0.888%MEXC2.7372+0.892%
Variational Omni
Extended
SoDEX
Paradex
Binance
Bitget
OKX
Coinbase International
Orderly
Bybit
Polymarket Perps
MEXCKraken Futures2.7374+0.898%
Aster2.7374+0.899%Reya2.7374+0.900%BingX2.7382+0.929%Lighter2.7385+0.939%Deribit2.7386+0.944%BloFin2.7389+0.955%Phoenix2.7402+1.003%GMX2.7406+1.018%KuCoin2.7408+1.025%Hyperliquid2.7443+1.152%
Aster
Reya
BingX
Lighter
Deribit
BloFin
Phoenix
GMX
KuCoin
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 | −0.890% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.152% | −0.0696% | 1h | $898 | $10K | 5x | as long as short |
| Gate MORPHO_USDTshort | −0.094% | −0.0458% | 4h | $767K | $574K | 50x | |
| Variational Omni MORPHO | −0.081% | +0.0100% | 4h | $668K | $1.4M | — | as long as short |
| Extended MORPHO-USD | −0.073% | +0.0096% | 1h | $103K | $304K | 10x | as long as short |
| SoDEX MORPHO-USD | −0.065% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.055% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Binance MORPHOUSDT | −0.051% | +0.0100% | 4h | $16.9M | $30.4M | 75x | as long as short |
| Bitget MORPHOUSDT | −0.046% | +0.0100% | 4h | $3.0M | $2.6M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.039% | +0.0100% | 4h | $3.3M | $5.6M | 20x | as long as short |