Spread before costs (cost unknown: a leg has no order-book sample)+0.433%
7d average—if it closes, per $10,000$43funding while held, a day−$12.54
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MORPHO_USDT | 2.6760 | 0.0066 | pay 0.0033% / 4h | 1h 35m | $4.8M | $1.2M | 100x |
| Short | Coinbase International MORPHO-PERP-INTX | 2.6876 | −0.0352 | pay 0.0044% / 1h | 35m 54s | $78K | $47K | 25x |
MEXC MORPHO_USDT
Coinbase International MORPHO-PERP-INTXPrice 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
- $43.35
- Funding while held
- −$12.54
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $16.81
- Spread needed to break even
- 0.140%
Slippage unknown: MEXC: live order book, 3 min ago; Coinbase International: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0418%
- Per $10,000 a day
- −$12.54
- 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 | 0.56 bp | 5.9 bp −$6 | 41.9 bp −$419 | 195.3 bp −$19.5K | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Coinbase International: 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 Futures2.6738cheapest01 Exchange2.6739+0.002%Extended2.6756+0.067%Binance2.6757+0.070%Gate2.6760+0.081%
Kraken Futures
Extended
Binance
GateMEXC2.6760+0.081%
Paradex2.6764+0.096%Bybit2.6770+0.118%BingX2.6770+0.118%BloFin2.6771+0.122%Polymarket Perps2.6774+0.133%SoDEX2.6774+0.133%OKX2.6778+0.148%Reya2.6780+0.155%Orderly2.6781+0.159%Deribit2.6788+0.185%Aster2.6789+0.189%Bitget2.6796+0.215%KuCoin2.6804+0.245%GMX2.6806+0.252%Hyperliquid2.6814+0.284%Variational Omni2.6816+0.291%Phoenix2.6831+0.346%Lighter2.6839+0.377%
Paradex
Bybit
BingX
BloFin
Polymarket Perps
SoDEX
OKX
Reya
Orderly
Deribit
Aster
Bitget
KuCoin
GMX
Hyperliquid
Variational Omni
Phoenix
LighterCoinbase International2.6876+0.514%
Injective2.7130+1.464%
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 | −0.081% | −0.2234% | 1h | $84K | $165K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.078% | −0.0552% | 1h | $879 | $12K | 5x | as long as short |
| Extended MORPHO-USD | −0.014% | +0.0064% | 1h | $101K | $304K | 10x | as long as short |
| Binance MORPHOUSDT | −0.011% | +0.0065% | 4h | $16.5M | $27.3M | 75x | as long as short |
| Gate MORPHO_USDT | 0.000% | −0.0608% | 4h | $772K | $538K | 50x | as long as short |
| MEXC MORPHO_USDTlong | 0.000% | +0.0066% | 4h | $4.8M | $1.2M | 100x | |
| Paradex MORPHO-USD-PERP | +0.016% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Bybit MORPHOUSDT | +0.037% | −0.0173% | 4h | $8.8M | $10.3M | 25x | as long as short |
| BingX MORPHO-USDT | +0.037% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| BloFin MORPHO-USDT | +0.041% | −0.0133% | 4h | $666K | $205K | 20x | as long as short |