After costs, if the gap returns to its 7d average, $10k−$45
spread now+0.073%7d average+0.044%fees + slippage, in and out−$48spread needed0.479%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MORPHO_USDT | 2.7352 | 0.0098 | pay 0.0049% / 4h | 3h 25m | $4.9M | $1.3M | 100x |
| Short | BingX MORPHO-USDT | 2.7372 | 0.0100 | get 0.0050% / 4h | 3h 25m | — | $1.5M | — |
MEXC MORPHO_USDT
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
- $7.31
- Funding while held
- $0.06
- Slippage, 4 orders
- −$33.87
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$40.49
- Spread needed to break even
- 0.479%
Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 13 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0002%
- Per $10,000 a day
- +$0.06
- 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 MEXC live order book, 3 min ago | 0.55 bp | 6.2 bp −$6 | 42.5 bp −$425 | 143.6 bp −$14.4K | doesn't fit |
| Sell BingX live order book, 13 min ago | 3.65 bp | 17.9 bp −$18 | 38.8 bp −$388 | 255.4 bp −$25.5K | 634.2 bp −$317.1K |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.7130cheapest01 Exchange2.7309+0.660%Binance2.7338+0.767%Gate2.7340+0.774%Paradex2.7343+0.784%Variational Omni2.7345+0.794%Extended2.7349+0.807%Bybit2.7350+0.811%
Injective
Binance
Gate
Paradex
Variational Omni
Extended
BybitMEXC2.7352+0.818%
SoDEX2.7356+0.833%OKX2.7357+0.837%Coinbase International2.7363+0.859%Orderly2.7366+0.870%KuCoin2.7368+0.877%Polymarket Perps2.7371+0.888%
SoDEX
OKX
Coinbase International
Orderly
KuCoin
Polymarket PerpsBingX2.7372+0.892%
Kraken Futures2.7374+0.898%Aster2.7374+0.899%Bitget2.7374+0.899%Reya2.7374+0.900%Deribit2.7386+0.944%Lighter2.7386+0.945%BloFin2.7389+0.955%Phoenix2.7402+1.003%GMX2.7406+1.018%Hyperliquid2.7431+1.109%
Kraken Futures
Aster
Bitget
Reya
Deribit
Lighter
BloFin
Phoenix
GMX
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 | −0.812% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.157% | −0.0696% | 1h | $897 | $10K | 5x | as long as short |
| Binance MORPHOUSDT | −0.051% | +0.0096% | 4h | $16.9M | $30.4M | 75x | as long as short |
| Gate MORPHO_USDT | −0.044% | −0.0456% | 4h | $767K | $574K | 50x | as long as short |
| Paradex MORPHO-USD-PERP | −0.034% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Variational Omni MORPHO | −0.024% | +0.0100% | 4h | $670K | $1.4M | — | as long as short |
| Extended MORPHO-USD | −0.012% | +0.0096% | 1h | $103K | $304K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.007% | −0.0264% | 4h | $9.0M | $11.1M | 25x | as long as short |
| MEXC MORPHO_USDTlong | 0.000% | +0.0098% | 4h | $4.9M | $1.3M | 100x | |
| SoDEX MORPHO-USD | +0.015% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |