After costs, if the gap returns to its 7d average, $10k−$41
spread now−0.078%7d average−0.240%fees + slippage, in and out−$57spread needed0.567%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MORPHO | 2.6749 | 0.0096 | pay 0.0012% / 1h | 58m 50s | $319K | $363K | 5x |
| Short | BingX MORPHO-USDT | 2.6728 | 0.0100 | get 0.0050% / 4h | 1h 58m | — | $1.5M | — |
Lighter MORPHO
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
- −$7.81
- Funding while held
- $0.12
- Slippage, 4 orders
- −$46.69
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$64.39
- Spread needed to break even
- 0.567%
Slippage from Lighter: live order book, 33 min ago; BingX: live order book, 9 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- 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 Lighter live order book, 33 min ago | 4.52 bp | 16.4 bp −$16 | 135.8 bp −$1,358 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 1.68 bp | 16.1 bp −$16 | 34.5 bp −$345 | 254.2 bp −$25.4K | 549.1 bp −$274.6K |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Kraken Futures2.6675cheapest01 Exchange2.6705+0.113%Coinbase International2.6709+0.128%SoDEX2.6714+0.147%Gate2.6716+0.155%Binance2.6717+0.158%BloFin2.6719+0.166%Extended2.6719+0.167%KuCoin2.6720+0.170%MEXC2.6721+0.173%Orderly2.6721+0.173%
Kraken Futures
Coinbase International
SoDEX
Gate
Binance
BloFin
Extended
KuCoin
MEXC
OrderlyBingX2.6728+0.200%
Reya2.6730+0.207%Aster2.6730+0.208%Polymarket Perps2.6731+0.211%Bitget2.6732+0.215%Deribit2.6734+0.222%Variational Omni2.6743+0.254%Bybit2.6744+0.260%OKX2.6745+0.263%Paradex2.6747+0.271%GMX2.6747+0.272%
Reya
Aster
Polymarket Perps
Bitget
Deribit
Variational Omni
Bybit
OKX
Paradex
GMXLighter2.6749+0.278%
Phoenix2.6771+0.361%Hyperliquid2.6776+0.380%Injective2.7130+1.707%
Phoenix
Hyperliquid
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 | −0.277% | −0.2239% | 1h | $84K | $167K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.164% | −0.0864% | 1h | $878 | $11K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.149% | −0.0352% | 1h | $77K | $47K | 25x | as long as short |
| SoDEX MORPHO-USD | −0.130% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| Gate MORPHO_USDT | −0.123% | −0.0666% | 4h | $766K | $534K | 50x | as long as short |
| Binance MORPHOUSDT | −0.119% | +0.0017% | 4h | $16.5M | $27.5M | 75x | as long as short |
| BloFin MORPHO-USDT | −0.112% | −0.0223% | 4h | $666K | $205K | 20x | as long as short |
| Extended MORPHO-USD | −0.111% | +0.0016% | 1h | $101K | $304K | 10x | as long as short |
| KuCoin MORPHOUSDTM | −0.108% | +0.0100% | 4h | $595K | $344K | 50x | as long as short |
| MEXC MORPHO_USDT | −0.104% | +0.0012% | 4h | $4.8M | $1.2M | 100x | as long as short |