After costs, if the gap returns to its 7d average, $10k−$196
spread now−0.026%7d average−0.062%fees + slippage, in and out−$199spread needed1.994%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MORPHOUSDTM | 2.6772 | 0.0100 | pay 0.0050% / 4h | 1h 36m | $598K | $345K | 50x |
| Short | Gate MORPHO_USDT | 2.6765 | −0.0598 | pay 0.0299% / 4h | 1h 36m | $772K | $538K | 50x |
KuCoin MORPHOUSDTM
Gate 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
- −$2.61
- Funding while held
- −$20.94
- Slippage, 4 orders
- −$172.36
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$222.92
- Spread needed to break even
- 1.994%
Slippage from KuCoin: live order book, 4 min ago; Gate: live order book, 61 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0698%
- Per $10,000 a day
- −$20.94
- 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 KuCoin live order book, 4 min ago | 17.36 bp | 62.6 bp −$63 | 207.7 bp −$2,077 | doesn't fit | doesn't fit |
| Sell Gate live order book, 61 min ago | 7.77 bp | 46.7 bp −$47 | 204.6 bp −$2,046 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Kraken Futures2.6724cheapest01 Exchange2.6738+0.053%BingX2.6763+0.147%
Kraken Futures
BingXGate2.6765+0.154%
Extended2.6765+0.155%MEXC2.6766+0.158%Binance2.6767+0.162%Paradex2.6769+0.170%SoDEX2.6770+0.173%BloFin2.6771+0.177%
Extended
MEXC
Binance
Paradex
SoDEX
BloFinKuCoin2.6772+0.181%
Orderly2.6773+0.184%Deribit2.6774+0.188%Polymarket Perps2.6777+0.199%Bybit2.6780+0.211%Reya2.6783+0.221%OKX2.6788+0.240%Aster2.6789+0.244%Bitget2.6796+0.270%GMX2.6803+0.298%Variational Omni2.6816+0.346%Hyperliquid2.6830+0.398%Phoenix2.6831+0.401%Lighter2.6835+0.416%Coinbase International2.6876+0.570%Injective2.7130+1.520%
Orderly
Deribit
Polymarket Perps
Bybit
Reya
OKX
Aster
Bitget
GMX
Variational Omni
Hyperliquid
Phoenix
Lighter
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_MORPHOUSD | −0.180% | −0.2235% | 1h | $84K | $165K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.127% | −0.0544% | 1h | $879 | $12K | 5x | as long as short |
| BingX MORPHO-USDT | −0.034% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| Gate MORPHO_USDTshort | −0.026% | −0.0598% | 4h | $772K | $538K | 50x | |
| Extended MORPHO-USD | −0.026% | +0.0064% | 1h | $101K | $304K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.022% | +0.0066% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Binance MORPHOUSDT | −0.019% | +0.0067% | 4h | $16.5M | $27.3M | 75x | as long as short |
| Paradex MORPHO-USD-PERP | −0.010% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| SoDEX MORPHO-USD | −0.007% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| BloFin MORPHO-USDT | −0.004% | −0.0133% | 4h | $666K | $205K | 20x | as long as short |