Spread before costs (cost unknown: a leg has no order-book sample)+1.441%
7d average—if it closes, per $10,000$144funding while held, a day−$1.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MORPHO | 2.6745 | 0.0096 | pay 0.0012% / 1h | 58m 38s | $319K | $363K | 5x |
| Short | Injective MORPHO/USDC PERP | 2.7130 | 0.0033 | get 0.0004% / 1h | 58m 38s | $38 | $34K | 5.5x |
Lighter MORPHO
Injective MORPHO/USDC PERPPrice 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
- $144.07
- Funding while held
- −$1.88
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $142.17
- Spread needed to break even
- 0.000%
Slippage unknown: Lighter: live order book, 33 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0063%
- Per $10,000 a day
- −$1.88
- 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 Injective no order-book sample | — | — | — | — | — |
Injective: 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 Futures2.6675cheapestExtended2.6695+0.077%MEXC2.6696+0.080%Binance2.6697+0.082%Paradex2.6701+0.099%01 Exchange2.6705+0.113%Coinbase International2.6709+0.128%BingX2.6710+0.132%SoDEX2.6714+0.147%Bybit2.6715+0.151%Gate2.6715+0.151%OKX2.6718+0.162%BloFin2.6719+0.166%Orderly2.6721+0.173%Reya2.6730+0.207%Polymarket Perps2.6731+0.211%Bitget2.6732+0.215%Deribit2.6734+0.222%Aster2.6734+0.224%Variational Omni2.6743+0.254%
Kraken Futures
Extended
MEXC
Binance
Paradex
Coinbase International
BingX
SoDEX
Bybit
Gate
OKX
BloFin
Orderly
Reya
Polymarket Perps
Bitget
Deribit
Aster
Variational OmniLighter2.6745+0.262%
GMX2.6747+0.272%KuCoin2.6752+0.290%Hyperliquid2.6770+0.357%Phoenix2.6771+0.361%
GMX
KuCoin
Hyperliquid
PhoenixInjective2.7130+1.707%
MORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MORPHOUSD | −0.262% | −0.2239% | 1h | $84K | $167K | 20x | as long as short |
| Extended MORPHO-USD | −0.185% | +0.0016% | 1h | $101K | $304K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.182% | +0.0016% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Binance MORPHOUSDT | −0.179% | +0.0018% | 4h | $16.5M | $27.4M | 75x | as long as short |
| Paradex MORPHO-USD-PERP | −0.163% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
| 01 Exchange MORPHOUSD | −0.148% | −0.0864% | 1h | $878 | $11K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.133% | −0.0352% | 1h | $77K | $47K | 25x | as long as short |
| BingX MORPHO-USDT | −0.130% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | −0.115% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| Bybit MORPHOUSDT | −0.111% | −0.0159% | 4h | $8.8M | $10.3M | 25x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | −0.111% | −0.0668% | 4h | $766K | $534K | 50x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.100% | +0.0100% | 4h | $3.2M | $4.6M | 20x | as long as short |
| BloFin MORPHO-USDT | −0.096% | −0.0223% | 4h | $666K | $205K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.089% | −0.0203% | 4h | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.055% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.051% | −0.0686% | 1h | $27K | $2.7M | 5x | as long as short |
| Bitget MORPHOUSDT | −0.047% | +0.0100% | 4h | $2.9M | $2.1M | 75x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.040% | −0.0946% | 1h | $10K | $745 | 10x | as long as short |
| Aster MORPHOUSDT | −0.038% | +0.0100% | 4h | $58K | $31K | 20x | as long as short |
| Variational Omni MORPHO | −0.008% | +0.0062% | 4h | $652K | $1.4M | — | as long as short |
| Lighter MORPHOlong | 0.000% | +0.0096% | 1h | $319K | $363K | 5x | |
| GMX MORPHO/USD [ETH-USDC] | +0.009% | L +0.0158% / S −0.0698% | 1h | $2K | — | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.027% | +0.0100% | 4h | $595K | $344K | 50x | as long as short |
| Hyperliquid MORPHO | +0.095% | +0.0100% | 1h | $6.4M | $7.1M | 5x | as long as short |
| Phoenix MORPHO | +0.098% | −0.0059% | 1h | $34K | $478K | 5x | as long as short |
| Injective MORPHO/USDC PERPshort | +1.441% | +0.0033% | 1h | $38 | $34K | 5.5x |