After costs, if the gap returns to its 7d average, $10k−$58
spread now+0.092%7d average+0.096%fees + slippage, in and out−$57spread needed0.573%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MORPHO_USDT | 2.7063 | −0.0008 | get 0.0004% / 4h | 2h 37m | $4.8M | $1.2M | 100x |
| Short | Bybit MORPHOUSDT | 2.7088 | −0.0136 | pay 0.0068% / 4h | 2h 37m | $8.9M | $10.7M | 25x |
MEXC MORPHO_USDT
Bybit MORPHOUSDTPrice 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
- $9.24
- Funding while held
- −$3.85
- Slippage, 4 orders
- −$42.29
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$51.91
- Spread needed to break even
- 0.573%
Slippage from MEXC: live order book, 1 min ago; Bybit: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0128%
- Per $10,000 a day
- −$3.85
- 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, 1 min ago | 1.66 bp | 6.7 bp −$7 | 34.2 bp −$342 | 196.6 bp −$19.7K | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.69 bp | 20.8 bp −$21 | 75.3 bp −$753 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange2.7034cheapestExtended2.7061+0.100%Gate2.7063+0.107%
Extended
GateMEXC2.7063+0.107%
Binance2.7067+0.122%Orderly2.7072+0.141%Bitget2.7074+0.148%Polymarket Perps2.7074+0.148%Reya2.7082+0.178%Paradex2.7082+0.178%BingX2.7084+0.185%BloFin2.7085+0.189%
Binance
Orderly
Bitget
Polymarket Perps
Reya
Paradex
BingX
BloFinBybit2.7088+0.200%
Variational Omni2.7091+0.213%OKX2.7092+0.215%Coinbase International2.7093+0.218%Lighter2.7094+0.220%Phoenix2.7094+0.222%Kraken Futures2.7094+0.223%KuCoin2.7104+0.259%Aster2.7105+0.262%SoDEX2.7106+0.266%Deribit2.7112+0.289%Injective2.7130+0.355%Hyperliquid2.7137+0.381%GMX2.7145+0.410%
Variational Omni
OKX
Coinbase International
Lighter
Phoenix
Kraken Futures
KuCoin
Aster
SoDEX
Deribit
Injective
Hyperliquid
GMXMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.107% | −0.0960% | 1h | $888 | $11K | 5x | as long as short |
| Extended MORPHO-USD | −0.007% | −0.0008% | 1h | $102K | $304K | 10x | as long as short |
| Gate MORPHO_USDT | 0.000% | −0.0560% | 4h | $765K | $540K | 50x | as long as short |
| MEXC MORPHO_USDTlong | 0.000% | −0.0008% | 4h | $4.8M | $1.2M | 100x | |
| Binance MORPHOUSDT | +0.015% | −0.0004% | 4h | $16.7M | $28.8M | 75x | as long as short |
| Orderly PERP_MORPHO_USDC | +0.033% | −0.0180% | 4h | $10K | $34K | 10x | as long as short |
| Bitget MORPHOUSDT | +0.041% | +0.0100% | 4h | $3.0M | $2.2M | 75x | as long as short |
| Polymarket Perps MORPHO-USD | +0.041% | −0.0443% | 1h | $27K | $2.8M | 5x | as long as short |
| Reya MORPHORUSDPERP | +0.070% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Paradex MORPHO-USD-PERP | +0.071% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |