Spread before costs (cost unknown: a leg has no order-book sample)−0.127%
7d average—if it closes, per $10,000$13funding while held, a day−$29.16
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MORPHOUSDTM | 2.6817 | 0.0100 | pay 0.0050% / 4h | 2h 16m | $597K | $373K | 50x |
| Short | 01 Exchange MORPHOUSD | 2.6783 | −0.0872 | pay 0.0109% / 1h | 16m 16s | $880 | $11K | 5x |
KuCoin MORPHOUSDTMPrice 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
- −$12.68
- Funding while held
- −$29.16
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$60.84
- Spread needed to break even
- 0.190%
Slippage unknown: KuCoin: live order book, 34 min ago; 01 Exchange: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0972%
- Per $10,000 a day
- −$29.16
- 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, 34 min ago | 14.69 bp | 88.5 bp −$89 | 203.5 bp −$2,035 | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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.Kraken Futures2.6737cheapestExtended2.6788+0.190%Binance2.6793+0.208%MEXC2.6794+0.212%Orderly2.6795+0.215%SoDEX2.6798+0.227%Paradex2.6801+0.239%Deribit2.6806+0.257%Gate2.6813+0.283%OKX2.6815+0.290%Bybit2.6816+0.294%Polymarket Perps2.6816+0.294%
Kraken Futures
Extended
Binance
MEXC
Orderly
SoDEX
Paradex
Deribit
Gate
OKX
Bybit
Polymarket PerpsKuCoin2.6817+0.298%
Reya2.6820+0.309%Lighter2.6822+0.318%BingX2.6825+0.328%GMX2.6827+0.335%Bitget2.6833+0.357%Variational Omni2.6847+0.411%BloFin2.6848+0.414%Aster2.6852+0.428%Hyperliquid2.6858+0.449%Coinbase International2.6860+0.458%Phoenix2.6889+0.567%Injective2.7130+1.468%
Reya
Lighter
BingX
GMX
Bitget
Variational Omni
BloFin
Aster
Hyperliquid
Coinbase International
Phoenix
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 | −0.297% | −0.0934% | 1h | $85K | $170K | 20x | as long as short |
| 01 Exchange MORPHOUSDshort | −0.127% | −0.0872% | 1h | $880 | $11K | 5x | |
| Extended MORPHO-USD | −0.107% | +0.0008% | 1h | $101K | $304K | 10x | as long as short |
| Binance MORPHOUSDT | −0.089% | +0.0008% | 4h | $16.5M | $28.5M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.086% | +0.0006% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.082% | −0.0193% | 4h | $10K | $34K | 10x | as long as short |
| SoDEX MORPHO-USD | −0.071% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.058% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.041% | −0.0942% | 1h | $10K | $745 | 10x | as long as short |
| Gate MORPHO_USDT | −0.015% | −0.0678% | 4h | $767K | $548K | 50x | as long as short |