After costs, if the gap returns to its 7d average, $10k−$148
spread now−0.045%7d average−0.027%fees + slippage, in and out−$146spread needed1.462%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MORPHOUSDTM | 2.6804 | 0.0100 | pay 0.0050% / 4h | 1h 32m | $599K | $344K | 50x |
| Short | BingX MORPHO-USDT | 2.6792 | 0.0100 | get 0.0050% / 4h | 1h 32m | — | $1.5M | — |
KuCoin MORPHOUSDTM
BingX 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
- −$4.48
- Funding while held
- $0
- Slippage, 4 orders
- −$124.24
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$150.72
- Spread needed to break even
- 1.462%
Slippage from KuCoin: live order book, 9 min ago; BingX: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 KuCoin live order book, 9 min ago | 17.36 bp | 62.6 bp −$63 | 207.7 bp −$2,077 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 2.80 bp | 15.5 bp −$16 | 37.0 bp −$370 | 237.6 bp −$23.8K | 606.0 bp −$303.0K |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange2.6719cheapestParadex2.6751+0.118%BloFin2.6753+0.127%Kraken Futures2.6753+0.128%Polymarket Perps2.6764+0.168%MEXC2.6767+0.180%Gate2.6768+0.183%Binance2.6772+0.198%Reya2.6773+0.202%Variational Omni2.6776+0.213%Orderly2.6776+0.213%SoDEX2.6776+0.213%Bitget2.6777+0.217%Extended2.6777+0.218%Phoenix2.6784+0.243%Deribit2.6786+0.251%Aster2.6789+0.262%OKX2.6789+0.262%
Paradex
BloFin
Kraken Futures
Polymarket Perps
MEXC
Gate
Binance
Reya
Variational Omni
Orderly
SoDEX
Bitget
Extended
Phoenix
Deribit
Aster
OKXBingX2.6792+0.273%
GMX2.6800+0.303%Bybit2.6800+0.303%
GMX
BybitKuCoin2.6804+0.318%
Lighter2.6827+0.405%Hyperliquid2.6833+0.425%Coinbase International2.6876+0.588%Injective2.7130+1.538%
Lighter
Hyperliquid
Coinbase International
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.317% | −0.0608% | 1h | $878 | $12K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.199% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| BloFin MORPHO-USDT | −0.190% | −0.0128% | 4h | $666K | $205K | 20x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.190% | −0.2233% | 1h | $84K | $165K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | −0.149% | −0.0336% | 1h | $25K | $2.7M | 5x | as long as short |
| MEXC MORPHO_USDT | −0.138% | +0.0064% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Gate MORPHO_USDT | −0.134% | −0.0624% | 4h | $772K | $538K | 50x | as long as short |
| Binance MORPHOUSDT | −0.119% | +0.0065% | 4h | $16.5M | $27.3M | 75x | as long as short |
| Reya MORPHORUSDPERP | −0.116% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Variational Omni MORPHO | −0.105% | +0.0065% | 4h | $654K | $1.4M | — | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.104% | −0.0212% | 4h | $10K | $34K | 10x | as long as short |
| SoDEX MORPHO-USD | −0.104% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| Bitget MORPHOUSDT | −0.101% | +0.0100% | 4h | $2.9M | $2.1M | 75x | as long as short |
| Extended MORPHO-USD | −0.100% | +0.0064% | 1h | $101K | $304K | 10x | as long as short |
| Phoenix MORPHO | −0.075% | −0.0030% | 1h | $34K | $478K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.067% | −0.0757% | 1h | $10K | $745 | 10x | as long as short |
| Aster MORPHOUSDT | −0.056% | +0.0100% | 4h | $58K | $32K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.056% | +0.0100% | 4h | $3.2M | $4.6M | 20x | as long as short |
| BingX MORPHO-USDTshort | −0.045% | +0.0100% | 4h | — | $1.5M | — | |
| GMX MORPHO/USD [ETH-USDC] | −0.016% | L +0.0157% / S −0.0698% | 1h | $2K | — | 100x | as long as short |
| Bybit MORPHOUSDT | −0.015% | −0.0210% | 4h | $8.8M | $10.3M | 25x | as long as short |
| KuCoin MORPHOUSDTMlong | 0.000% | +0.0100% | 4h | $599K | $344K | 50x | |
| Lighter MORPHO | +0.086% | +0.0096% | 1h | $319K | $364K | 5x | as long as short |
| Hyperliquid MORPHO | +0.106% | +0.0100% | 1h | $6.4M | $7.1M | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | +0.269% | −0.0352% | 1h | $78K | $47K | 25x | as long as short |
| Injective MORPHO/USDC PERP | +1.216% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |