After costs, if the gap returns to its 7d average, $10k−$68
spread now+0.067%7d average+0.107%fees + slippage, in and out−$65spread needed0.645%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MORPHO-USDT-SWAP | 2.6763 | 0.0100 | pay 0.0050% / 4h | 2h 00m | $3.2M | $4.6M | 20x |
| Short | Hyperliquid MORPHO | 2.6781 | 0.0100 | get 0.0013% / 1h | 0m 21s | $6.4M | $7.1M | 5x |
OKX MORPHO-USDT-SWAP
Hyperliquid MORPHOPrice 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
- $6.73
- Funding while held
- $0
- Slippage, 4 orders
- −$45.52
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$57.79
- Spread needed to break even
- 0.645%
Slippage from OKX: live order book, 4 min ago; Hyperliquid: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 OKX live order book, 4 min ago | 3.18 bp | 18.8 bp −$19 | 151.2 bp −$1,512 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 1.31 bp | 12.9 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange2.6702cheapestCoinbase International2.6709+0.026%Phoenix2.6710+0.030%Gate2.6718+0.060%KuCoin2.6726+0.090%Polymarket Perps2.6731+0.109%Kraken Futures2.6732+0.112%MEXC2.6737+0.131%Binance2.6738+0.135%Bitget2.6739+0.139%Variational Omni2.6743+0.152%Aster2.6745+0.160%Extended2.6745+0.161%BloFin2.6745+0.161%Orderly2.6746+0.165%Reya2.6747+0.168%SoDEX2.6747+0.169%Paradex2.6747+0.170%BingX2.6750+0.180%Lighter2.6754+0.195%Deribit2.6756+0.202%Bybit2.6760+0.217%
Coinbase International
Phoenix
Gate
KuCoin
Polymarket Perps
Kraken Futures
MEXC
Binance
Bitget
Variational Omni
Aster
Extended
BloFin
Orderly
Reya
SoDEX
Paradex
BingX
Lighter
Deribit
BybitOKX2.6763+0.228%
GMX2.6766+0.240%
GMXHyperliquid2.6781+0.296%
Injective2.7130+1.603%
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.228% | −0.0872% | 1h | $877 | $11K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.202% | −0.0336% | 1h | $77K | $47K | 25x | as long as short |
| Phoenix MORPHO | −0.198% | −0.0059% | 1h | $34K | $517K | 5x | as long as short |
| Gate MORPHO_USDT | −0.168% | −0.0664% | 4h | $766K | $550K | 50x | as long as short |
| KuCoin MORPHOUSDTM | −0.138% | +0.0100% | 4h | $595K | $346K | 50x | as long as short |
| Polymarket Perps MORPHO-USD | −0.120% | −0.0472% | 1h | $27K | $2.7M | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.116% | −0.0935% | 1h | $84K | $167K | 20x | as long as short |
| MEXC MORPHO_USDT | −0.097% | +0.0008% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Binance MORPHOUSDT | −0.093% | +0.0013% | 4h | $16.5M | $27.5M | 75x | as long as short |
| Bitget MORPHOUSDT | −0.090% | +0.0100% | 4h | $2.9M | $2.1M | 75x | as long as short |