After costs, if the gap returns to its 7d average, $10k−$126
spread now+0.127%7d average+0.087%fees + slippage, in and out−$130spread needed1.303%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MORPHOUSD | 2.7691 | −0.0369 | get 0.0046% / 1h | 58m 07s | $98K | $196K | 20x |
| Short | Hyperliquid MORPHO | 2.7726 | 0.0100 | get 0.0013% / 1h | 58m 07s | $6.7M | $7.9M | 5x |
Kraken Futures PF_MORPHOUSD
Hyperliquid MORPHOPrice 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
- $12.69
- Funding while held
- $14.07
- Slippage, 4 orders
- −$111.32
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$103.56
- Spread needed to break even
- 1.303%
Slippage from Kraken Futures: live order book, 61 min ago; Hyperliquid: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0469%
- Per $10,000 a day
- +$14.07
- 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, 61 min ago | 45.11 bp | 53.1 bp −$53 | 4066.0 bp −$40.7K | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 1.80 bp | 15.3 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.7130cheapestParadex2.7643+1.893%Orderly2.7646+1.902%Extended2.7650+1.918%KuCoin2.7651+1.920%Binance2.7656+1.939%MEXC2.7659+1.950%BingX2.7662+1.961%SoDEX2.7662+1.961%Variational Omni2.7662+1.962%Deribit2.7665+1.972%Bitget2.7670+1.990%Bybit2.7672+1.998%OKX2.7674+2.005%Gate2.7674+2.005%Reya2.7675+2.010%Phoenix2.7679+2.024%GMX2.7682+2.036%Polymarket Perps2.7683+2.038%
Injective
Paradex
Orderly
Extended
KuCoin
Binance
MEXC
BingX
SoDEX
Variational Omni
Deribit
Bitget
Bybit
OKX
Gate
Reya
Phoenix
GMX
Polymarket PerpsKraken Futures2.7691+2.067%
Lighter2.7702+2.108%Aster2.7703+2.113%BloFin2.7711+2.142%
Lighter
Aster
BloFinHyperliquid2.7726+2.197%
Coinbase International2.7791+2.436%
Coinbase InternationalMORPHO on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −2.025% | +0.0033% | 1h | $38 | $137K | 5.5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.171% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.162% | −0.0034% | 4h | $11K | $34K | 10x | as long as short |
| Extended MORPHO-USD | −0.146% | +0.0104% | 1h | $104K | $310K | 10x | as long as short |
| KuCoin MORPHOUSDTM | −0.144% | +0.0100% | 4h | $641K | $337K | 50x | as long as short |
| Binance MORPHOUSDT | −0.126% | +0.0100% | 4h | $16.9M | $29.6M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.115% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| BingX MORPHO-USDT | −0.104% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | −0.104% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Variational Omni MORPHO | −0.103% | +0.0100% | 4h | $673K | $1.4M | — | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit MORPHO_USDC-PERPETUAL | −0.093% | −0.0869% | 1h | $11K | $443 | 10x | as long as short |
| Bitget MORPHOUSDT | −0.075% | +0.0100% | 4h | $3.0M | $2.5M | 75x | as long as short |
| Bybit MORPHOUSDT | −0.068% | −0.0096% | 4h | $9.0M | $10.8M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.061% | +0.0100% | 4h | $3.3M | $5.8M | 20x | as long as short |
| Gate MORPHO_USDT | −0.061% | −0.0428% | 4h | $769K | $572K | 50x | as long as short |
| Reya MORPHORUSDPERP | −0.056% | −0.0004% | 1h | $17 | — | 10x | as long as short |
| Phoenix MORPHO | −0.043% | 0.0000% | 1h | $35K | $500K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | −0.031% | L +0.0191% / S −0.0633% | 1h | $1K | — | 100x | as long as short |
| Polymarket Perps MORPHO-USD | −0.028% | −0.0242% | 1h | $33K | $3.0M | 5x | as long as short |
| Kraken Futures PF_MORPHOUSDlong | 0.000% | −0.0369% | 1h | $98K | $196K | 20x | |
| Lighter MORPHO | +0.040% | +0.0096% | 1h | $320K | $461K | 5x | as long as short |
| Aster MORPHOUSDT | +0.045% | +0.0100% | 4h | $60K | $34K | 20x | as long as short |
| BloFin MORPHO-USDT | +0.073% | −0.0200% | 4h | $689K | $250K | 20x | as long as short |
| Hyperliquid MORPHOshort | +0.127% | +0.0100% | 1h | $6.7M | $7.9M | 5x | |
| Coinbase International MORPHO-PERP-INTX | +0.362% | −0.0032% | 1h | $81K | $53K | 25x | as long as short |