After costs, if the gap returns to its 7d average, $10k−$118
spread now+0.260%7d average+0.197%fees + slippage, in and out−$124spread needed1.242%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MORPHOUSD | 2.6751 | −0.0934 | get 0.0117% / 1h | 22m 56s | $85K | $178K | 20x |
| Short | Lighter MORPHO | 2.6820 | 0.0096 | get 0.0012% / 1h | 22m 56s | $315K | $366K | 5x |
Kraken Futures PF_MORPHOUSD
Lighter 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
- $26
- Funding while held
- $30.9
- Slippage, 4 orders
- −$114.22
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$67.32
- Spread needed to break even
- 1.242%
Slippage from Kraken Futures: live order book, 16 min ago; Lighter: live order book, 8 min ago.
Cost of waiting
funding view- Funding /8h
- +0.1030%
- Per $10,000 a day
- +$30.90
- 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, 16 min ago | 17.85 bp | 27.3 bp −$27 | 2527.7 bp −$25.3K | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 4.52 bp | 7.3 bp −$7 | 136.3 bp −$1,363 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Kraken Futures2.6751cheapest
01 Exchange2.6757+0.023%Paradex2.6793+0.157%Extended2.6794+0.162%Binance2.6798+0.176%KuCoin2.6798+0.176%BloFin2.6800+0.184%SoDEX2.6802+0.191%Gate2.6804+0.199%Polymarket Perps2.6804+0.199%Bitget2.6805+0.202%MEXC2.6806+0.206%OKX2.6812+0.229%BingX2.6812+0.229%Reya2.6813+0.231%Orderly2.6815+0.240%Deribit2.6817+0.247%Bybit2.6820+0.259%
Paradex
Extended
Binance
KuCoin
BloFin
SoDEX
Gate
Polymarket Perps
Bitget
MEXC
OKX
BingX
Reya
Orderly
Deribit
BybitLighter2.6820+0.260%
Coinbase International2.6829+0.292%GMX2.6839+0.328%Hyperliquid2.6849+0.367%Aster2.6852+0.378%Phoenix2.6880+0.483%Variational Omni2.7061+1.161%Injective2.7130+1.417%
Coinbase International
GMX
Hyperliquid
Aster
Phoenix
Variational Omni
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% | −0.0934% | 1h | $85K | $178K | 20x | |
| 01 Exchange MORPHOUSD | +0.023% | −0.0888% | 1h | $879 | $11K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.157% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
| Extended MORPHO-USD | +0.162% | 0.0000% | 1h | $101K | $304K | 10x | as long as short |
| Binance MORPHOUSDT | +0.176% | +0.0001% | 4h | $16.5M | $28.6M | 75x | as long as short |
| KuCoin MORPHOUSDTM | +0.176% | +0.0100% | 4h | $596K | $373K | 50x | as long as short |
| BloFin MORPHO-USDT | +0.184% | −0.0239% | 4h | $668K | $217K | 20x | as long as short |
| SoDEX MORPHO-USD | +0.191% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| Gate MORPHO_USDT | +0.199% | −0.0652% | 4h | $765K | $547K | 50x | as long as short |
| Polymarket Perps MORPHO-USD | +0.199% | −0.0427% | 1h | $33K | $2.7M | 5x | as long as short |