After costs, if the gap returns to its 7d average, $10k−$37
spread now−0.056%7d average+0.043%fees + slippage, in and out−$28spread needed0.275%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MORPHO_USDT | 2.6905 | 0.0100 | pay 0.0050% / 4h | 55m 01s | $5.1M | $1.1M | 100x |
| Short | Polymarket Perps MORPHO-USD | 2.6890 | −0.0271 | pay 0.0034% / 1h | 55m 01s | $24K | $2.1M | 5x |
MEXC MORPHO_USDT
Polymarket Perps MORPHO-USDPrice 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
- −$5.58
- Funding while held
- −$11.13
- Slippage, 4 orders
- −$15.54
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$44.25
- Spread needed to break even
- 0.275%
Slippage from MEXC: live order book, 4 min ago; Polymarket Perps: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0371%
- Per $10,000 a day
- −$11.13
- 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, 4 min ago | 0.74 bp | 6.6 bp −$7 | 43.7 bp −$437 | 196.0 bp −$19.6K | doesn't fit |
| Sell Polymarket Perps live order book, 5 min ago | 2.60 bp | 7.0 bp −$7 | 7.1 bp −$71 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.6760cheapest01 Exchange2.6872+0.419%Paradex2.6888+0.479%
Injective
ParadexPolymarket Perps2.6890+0.486%
Kraken Futures2.6897+0.510%Reya2.6897+0.513%Orderly2.6900+0.523%Extended2.6900+0.525%Binance2.6903+0.534%
Kraken Futures
Reya
Orderly
Extended
BinanceMEXC2.6905+0.542%
SoDEX2.6905+0.542%BingX2.6908+0.553%Bitget2.6909+0.557%Aster2.6912+0.568%KuCoin2.6913+0.572%Gate2.6916+0.583%Deribit2.6916+0.583%Bybit2.6919+0.594%Variational Omni2.6925+0.618%OKX2.6928+0.628%BloFin2.6929+0.632%GMX2.6936+0.659%Phoenix2.6944+0.688%Lighter2.6964+0.763%Hyperliquid2.6970+0.785%Coinbase International2.7014+0.949%
SoDEX
BingX
Bitget
Aster
KuCoin
Gate
Deribit
Bybit
Variational Omni
OKX
BloFin
GMX
Phoenix
Lighter
Hyperliquid
Coinbase InternationalMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −0.539% | −0.0114% | 1h | $37 | $39K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.123% | −0.0528% | 1h | $883 | $12K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.062% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Polymarket Perps MORPHO-USDshort | −0.056% | −0.0271% | 1h | $24K | $2.1M | 5x | |
| Kraken Futures PF_MORPHOUSD | −0.031% | −0.1660% | 1h | $85K | $158K | 20x | as long as short |
| Reya MORPHORUSDPERP | −0.029% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.019% | −0.0212% | 4h | $10K | $34K | 10x | as long as short |
| Extended MORPHO-USD | −0.017% | +0.0104% | 1h | $101K | $304K | 10x | as long as short |
| Binance MORPHOUSDT | −0.007% | +0.0100% | 4h | $16.5M | $26.9M | 75x | as long as short |
| MEXC MORPHO_USDTlong | 0.000% | +0.0100% | 4h | $5.1M | $1.1M | 100x |