After costs, if the gap returns to its 7d average, $10k−$106
spread now−0.010%7d average−0.052%fees + slippage, in and out−$110spread needed1.101%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MORPHOUSD | 2.7290 | −0.1054 | get 0.0132% / 1h | 15m 29s | $99K | $183K | 20x |
| Short | MEXC MORPHO_USDT | 2.7287 | 0.0080 | get 0.0040% / 4h | 3h 15m | $4.9M | $1.3M | 100x |
Kraken Futures PF_MORPHOUSD
MEXC 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
- −$0.97
- Funding while held
- $34.02
- Slippage, 4 orders
- −$96.09
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$77.04
- Spread needed to break even
- 1.101%
Slippage from Kraken Futures: live order book, 28 min ago; MEXC: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.1134%
- Per $10,000 a day
- +$34.02
- 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, 28 min ago | 19.30 bp | 38.4 bp −$38 | 3346.0 bp −$33.5K | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.37 bp | 6.1 bp −$6 | 41.2 bp −$412 | 203.8 bp −$20.4K | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.7130cheapestBloFin2.7251+0.446%Variational Omni2.7261+0.485%Gate2.7265+0.498%01 Exchange2.7278+0.546%SoDEX2.7278+0.546%Orderly2.7286+0.575%
Injective
BloFin
Variational Omni
Gate
SoDEX
OrderlyMEXC2.7287+0.579%
Coinbase International2.7288+0.582%
Coinbase InternationalKraken Futures2.7290+0.588%
Deribit2.7292+0.597%BingX2.7294+0.604%Extended2.7297+0.616%Binance2.7298+0.619%Aster2.7299+0.623%Reya2.7301+0.631%Paradex2.7302+0.632%Polymarket Perps2.7303+0.638%Bitget2.7304+0.641%OKX2.7309+0.660%KuCoin2.7309+0.660%Bybit2.7310+0.663%Phoenix2.7310+0.663%Lighter2.7311+0.669%GMX2.7324+0.714%Hyperliquid2.7351+0.815%
Deribit
BingX
Extended
Binance
Aster
Reya
Paradex
Polymarket Perps
Bitget
OKX
KuCoin
Bybit
Phoenix
Lighter
GMX
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 | −0.585% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |
| BloFin MORPHO-USDT | −0.142% | −0.0162% | 4h | $685K | $246K | 20x | as long as short |
| Variational Omni MORPHO | −0.103% | +0.0100% | 4h | $666K | $1.4M | — | as long as short |
| Gate MORPHO_USDT | −0.090% | −0.0462% | 4h | $766K | $576K | 50x | as long as short |
| 01 Exchange MORPHOUSD | −0.043% | −0.0744% | 1h | $896 | $10K | 5x | as long as short |
| SoDEX MORPHO-USD | −0.043% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.013% | −0.0145% | 4h | $11K | $34K | 10x | as long as short |
| MEXC MORPHO_USDTshort | −0.010% | +0.0080% | 4h | $4.9M | $1.3M | 100x | |
| Coinbase International MORPHO-PERP-INTX | −0.006% | −0.0256% | 1h | $79K | $51K | 25x | as long as short |
| Kraken Futures PF_MORPHOUSDlong | 0.000% | −0.1054% | 1h | $99K | $183K | 20x |