After costs, if the gap returns to its 7d average, $10k−$242
spread now+0.390%7d average+0.013%fees + slippage, in and out−$279spread needed2.795%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MORPHOUSD | 2.6662 | −0.0937 | get 0.0117% / 1h | 12m 25s | $85K | $169K | 20x |
| Short | KuCoin MORPHOUSDTM | 2.6766 | 0.0100 | get 0.0050% / 4h | 2h 12m | $596K | $365K | 50x |
Kraken Futures PF_MORPHOUSD
KuCoin MORPHOUSDTMPrice 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
- $39.02
- Funding while held
- $31.11
- Slippage, 4 orders
- −$257.47
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$209.34
- Spread needed to break even
- 2.795%
Slippage from Kraken Futures: live order book, 26 min ago; KuCoin: live order book, 38 min ago.
Cost of waiting
funding view- Funding /8h
- +0.1037%
- Per $10,000 a day
- +$31.11
- 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, 26 min ago | 17.85 bp | 27.3 bp −$27 | 2527.7 bp −$25.3K | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 38 min ago | 14.69 bp | 90.4 bp −$90 | 195.7 bp −$1,957 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Kraken Futures2.6662cheapest
01 Exchange2.6711+0.184%SoDEX2.6727+0.244%Orderly2.6735+0.274%Binance2.6736+0.278%MEXC2.6738+0.285%Polymarket Perps2.6738+0.285%Gate2.6745+0.311%Bitget2.6745+0.311%Deribit2.6747+0.319%OKX2.6748+0.323%Reya2.6749+0.325%Paradex2.6750+0.332%Extended2.6752+0.339%Aster2.6753+0.341%Lighter2.6758+0.360%Bybit2.6760+0.368%BloFin2.6763+0.379%
SoDEX
Orderly
Binance
MEXC
Polymarket Perps
Gate
Bitget
Deribit
OKX
Reya
Paradex
Extended
Aster
Lighter
Bybit
BloFinKuCoin2.6766+0.390%
BingX2.6766+0.390%GMX2.6769+0.402%Hyperliquid2.6793+0.491%Phoenix2.6830+0.630%Variational Omni2.6847+0.695%Coinbase International2.6860+0.743%Injective2.7130+1.755%
BingX
GMX
Hyperliquid
Phoenix
Variational Omni
Coinbase International
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MORPHOUSDlong | 0.000% | −0.0937% | 1h | $85K | $169K | 20x | |
| 01 Exchange MORPHOUSD | +0.184% | −0.0872% | 1h | $878 | $11K | 5x | as long as short |
| SoDEX MORPHO-USD | +0.244% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | +0.274% | −0.0198% | 4h | $10K | $34K | 10x | as long as short |
| Binance MORPHOUSDT | +0.278% | +0.0002% | 4h | $16.5M | $27.9M | 75x | as long as short |
| MEXC MORPHO_USDT | +0.285% | +0.0004% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Polymarket Perps MORPHO-USD | +0.285% | −0.0445% | 1h | $27K | $2.7M | 5x | as long as short |
| Gate MORPHO_USDT | +0.311% | −0.0740% | 4h | $765K | $548K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.311% | +0.0100% | 4h | $2.9M | $2.1M | 75x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | +0.319% | −0.1057% | 1h | $10K | $745 | 10x | as long as short |