Spread before costs (cost unknown: a leg has no order-book sample)+0.163%
7d average—if it closes, per $10,000$16funding while held, a day+$69.94
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MORPHOUSD | 2.6765 | −0.2232 | get 0.0279% / 1h | 22m 10s | $84K | $165K | 20x |
| Short | Paradex MORPHO-USD-PERP | 2.6809 | 0.0100 | get 0.0100% / 8h | 5h 22m | $5K | $3 | 5x |
Kraken Futures PF_MORPHOUSD
Paradex MORPHO-USD-PERPPrice 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
- $16.33
- Funding while held
- $69.94
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $72.27
- Spread needed to break even
- 0.140%
Slippage unknown: Kraken Futures: live order book, 12 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.2331%
- Per $10,000 a day
- +$69.94
- 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, 12 min ago | 21.67 bp | 32.0 bp −$32 | 3882.7 bp −$38.8K | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange2.6760cheapestOrderly2.6760cheapest
OrderlyKraken Futures2.6765+0.020%
BloFin2.6766+0.022%Polymarket Perps2.6771+0.041%SoDEX2.6775+0.056%Extended2.6778+0.067%Injective2.6780+0.075%Deribit2.6780+0.075%Binance2.6780+0.076%Reya2.6784+0.090%GMX2.6784+0.091%OKX2.6786+0.097%MEXC2.6786+0.097%BingX2.6789+0.108%Gate2.6790+0.112%Aster2.6791+0.116%Variational Omni2.6791+0.117%Bitget2.6793+0.123%Bybit2.6797+0.138%Phoenix2.6805+0.168%
BloFin
Polymarket Perps
SoDEX
Extended
Injective
Deribit
Binance
Reya
GMX
OKX
MEXC
BingX
Gate
Aster
Variational Omni
Bitget
Bybit
PhoenixParadex2.6809+0.183%
Coinbase International2.6813+0.198%KuCoin2.6824+0.239%Lighter2.6846+0.320%Hyperliquid2.6852+0.344%
Coinbase International
KuCoin
Lighter
HyperliquidMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.020% | −0.0664% | 1h | $879 | $12K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.020% | −0.0215% | 4h | $10K | $34K | 10x | as long as short |
| Kraken Futures PF_MORPHOUSDlong | 0.000% | −0.2232% | 1h | $84K | $165K | 20x | |
| BloFin MORPHO-USDT | +0.002% | −0.0125% | 4h | $666K | $207K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | +0.021% | −0.0299% | 1h | $24K | $2.4M | 5x | as long as short |
| SoDEX MORPHO-USD | +0.036% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| Extended MORPHO-USD | +0.047% | +0.0064% | 1h | $101K | $304K | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.055% | +0.0033% | 1h | $37 | $20K | 5.5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | +0.055% | −0.0496% | 1h | $10K | $745 | 10x | as long as short |
| Binance MORPHOUSDT | +0.056% | +0.0064% | 4h | $16.5M | $27.2M | 75x | as long as short |