After costs, if the gap returns to its 7d average, $10k−$317
spread now−0.389%7d average−0.013%fees + slippage, in and out−$279spread needed2.795%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MORPHOUSDTM | 2.6766 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $596K | $365K | 50x |
| Short | Kraken Futures PF_MORPHOUSD | 2.6662 | −0.0937 | pay 0.0117% / 1h | 12m 38s | $85K | $169K | 20x |
KuCoin MORPHOUSDTM
Kraken Futures PF_MORPHOUSDPrice 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
- −$38.87
- Funding while held
- −$31.11
- Slippage, 4 orders
- −$257.47
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$349.46
- Spread needed to break even
- 2.795%
Slippage from KuCoin: live order book, 38 min ago; Kraken Futures: live order book, 26 min ago.
Cost of waiting
funding view- Funding /8h
- −0.1037%
- Per $10,000 a day
- −$31.11
- 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, 38 min ago | 14.69 bp | 88.5 bp −$89 | 203.5 bp −$2,035 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 26 min ago | 17.85 bp | 73.3 bp −$73 | 165.5 bp −$1,655 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Kraken Futures2.6662cheapest
01 Exchange2.6711+0.184%SoDEX2.6727+0.244%Orderly2.6735+0.274%Gate2.6745+0.311%Deribit2.6747+0.319%Paradex2.6750+0.332%Extended2.6752+0.339%Aster2.6753+0.341%Polymarket Perps2.6753+0.341%Reya2.6755+0.349%Bitget2.6756+0.353%Lighter2.6758+0.360%MEXC2.6759+0.364%Binance2.6762+0.375%BloFin2.6763+0.379%
SoDEX
Orderly
Gate
Deribit
Paradex
Extended
Aster
Polymarket Perps
Reya
Bitget
Lighter
MEXC
Binance
BloFinKuCoin2.6766+0.390%
BingX2.6766+0.390%GMX2.6769+0.402%Bybit2.6770+0.405%OKX2.6772+0.413%Hyperliquid2.6774+0.421%Phoenix2.6830+0.630%Variational Omni2.6847+0.695%Coinbase International2.6860+0.743%Injective2.7130+1.755%
BingX
GMX
Bybit
OKX
Hyperliquid
Phoenix
Variational Omni
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_MORPHOUSDshort | −0.389% | −0.0937% | 1h | $85K | $169K | 20x | |
| 01 Exchange MORPHOUSD | −0.205% | −0.0872% | 1h | $878 | $11K | 5x | as long as short |
| SoDEX MORPHO-USD | −0.146% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.116% | −0.0198% | 4h | $10K | $34K | 10x | as long as short |
| Gate MORPHO_USDT | −0.078% | −0.0740% | 4h | $765K | $548K | 50x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.071% | −0.1057% | 1h | $10K | $745 | 10x | as long as short |
| Paradex MORPHO-USD-PERP | −0.058% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
| Extended MORPHO-USD | −0.051% | +0.0008% | 1h | $101K | $304K | 10x | as long as short |
| Aster MORPHOUSDT | −0.049% | +0.0100% | 4h | $58K | $32K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | −0.049% | −0.0444% | 1h | $27K | $2.7M | 5x | as long as short |