After costs, if the gap returns to its 7d average, $10k−$196
spread now−0.182%7d average−0.010%fees + slippage, in and out−$179spread needed1.788%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MORPHOUSDTM | 2.7398 | 0.0100 | pay 0.0050% / 4h | 20m 15s | $663K | $378K | 50x |
| Short | Polymarket Perps MORPHO-USD | 2.7348 | −0.0372 | pay 0.0047% / 1h | 20m 15s | $31K | $3.0M | 5x |
KuCoin MORPHOUSDTM
Polymarket Perps MORPHO-USDPrice 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
- −$18.25
- Funding while held
- −$14.16
- Slippage, 4 orders
- −$158.76
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$211.18
- Spread needed to break even
- 1.788%
Slippage from KuCoin: live order book, 50 min ago; Polymarket Perps: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0472%
- Per $10,000 a day
- −$14.16
- 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, 50 min ago | 14.66 bp | 59.0 bp −$59 | 220.0 bp −$2,200 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 5 min ago | 2.38 bp | 6.7 bp −$7 | 9.0 bp −$90 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.7130cheapest01 Exchange2.7275+0.534%BloFin2.7324+0.715%Paradex2.7328+0.728%Variational Omni2.7333+0.747%Extended2.7336+0.761%Reya2.7338+0.766%Binance2.7339+0.770%MEXC2.7339+0.770%SoDEX2.7344+0.789%Deribit2.7345+0.792%Orderly2.7347+0.800%BingX2.7348+0.804%
Injective
BloFin
Paradex
Variational Omni
Extended
Reya
Binance
MEXC
SoDEX
Deribit
Orderly
BingXPolymarket Perps2.7348+0.804%
Bybit2.7350+0.811%OKX2.7351+0.815%Kraken Futures2.7355+0.830%Gate2.7357+0.837%Bitget2.7376+0.907%GMX2.7383+0.933%Phoenix2.7385+0.940%Lighter2.7389+0.956%Aster2.7396+0.979%
Bybit
OKX
Kraken Futures
Gate
Bitget
GMX
Phoenix
Lighter
AsterKuCoin2.7398+0.988%
Coinbase International2.7400+0.995%Hyperliquid2.7412+1.041%
Coinbase International
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 | −0.978% | +0.0033% | 1h | $38 | $85K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.449% | −0.1128% | 1h | $896 | $8K | 5x | as long as short |
| BloFin MORPHO-USDT | −0.270% | −0.0200% | 4h | $687K | $249K | 20x | as long as short |
| Paradex MORPHO-USD-PERP | −0.257% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
| Variational Omni MORPHO | −0.238% | +0.0073% | 4h | $669K | $1.4M | — | as long as short |
| Extended MORPHO-USD | −0.225% | +0.0104% | 1h | $103K | $310K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.219% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Binance MORPHOUSDT | −0.216% | +0.0100% | 4h | $16.9M | $31.0M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.215% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| SoDEX MORPHO-USD | −0.197% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |