After costs, if the gap returns to its 7d average, $10k−$81
spread now+0.099%7d average+0.238%fees + slippage, in and out−$67spread needed0.672%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MORPHO-USDT-SWAP | 2.6834 | 0.0100 | pay 0.0050% / 4h | 1h 41m | $3.2M | $4.7M | 20x |
| Short | Lighter MORPHO | 2.6860 | 0.0096 | get 0.0012% / 1h | 41m 54s | $320K | $364K | 5x |
OKX MORPHO-USDT-SWAP
Lighter 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
- $9.88
- Funding while held
- −$0.12
- Slippage, 4 orders
- −$57.17
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$57.42
- Spread needed to break even
- 0.672%
Slippage from OKX: live order book, 2 min ago; Lighter: live order book, 49 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0004%
- Per $10,000 a day
- −$0.12
- 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, 2 min ago | 1.49 bp | 19.5 bp −$20 | 174.6 bp −$1,746 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 49 min ago | 4.52 bp | 7.3 bp −$7 | 136.3 bp −$1,363 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange2.6772cheapestOrderly2.6790+0.067%Paradex2.6790+0.068%Polymarket Perps2.6792+0.075%Kraken Futures2.6796+0.091%SoDEX2.6798+0.097%Reya2.6800+0.105%Gate2.6802+0.112%BingX2.6802+0.112%Extended2.6802+0.112%BloFin2.6803+0.116%Deribit2.6805+0.123%Binance2.6805+0.125%MEXC2.6807+0.131%Variational Omni2.6811+0.144%Aster2.6812+0.149%Bybit2.6817+0.168%Bitget2.6818+0.172%GMX2.6824+0.194%KuCoin2.6828+0.209%
Orderly
Paradex
Polymarket Perps
Kraken Futures
SoDEX
Reya
Gate
BingX
Extended
BloFin
Deribit
Binance
MEXC
Variational Omni
Aster
Bybit
Bitget
GMX
KuCoinOKX2.6834+0.232%
Phoenix2.6853+0.303%Hyperliquid2.6859+0.325%
Phoenix
HyperliquidLighter2.6860+0.331%
Coinbase International2.6876+0.388%Injective2.7130+1.337%
Coinbase International
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.231% | −0.0472% | 1h | $880 | $11K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.164% | −0.0210% | 4h | $10K | $34K | 10x | as long as short |
| Paradex MORPHO-USD-PERP | −0.164% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.157% | −0.0285% | 1h | $27K | $2.7M | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.141% | −0.2229% | 1h | $85K | $166K | 20x | as long as short |
| SoDEX MORPHO-USD | −0.134% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.126% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Gate MORPHO_USDT | −0.119% | −0.0580% | 4h | $773K | $538K | 50x | as long as short |
| BingX MORPHO-USDT | −0.119% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| Extended MORPHO-USD | −0.119% | +0.0056% | 1h | $101K | $304K | 10x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin MORPHO-USDT | −0.116% | −0.0111% | 4h | $663K | $205K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.108% | −0.0942% | 1h | $10K | $745 | 10x | as long as short |
| Binance MORPHOUSDT | −0.106% | +0.0059% | 4h | $16.5M | $27.4M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.101% | +0.0054% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Variational Omni MORPHO | −0.087% | +0.0100% | 4h | $654K | $1.4M | — | as long as short |
| Aster MORPHOUSDT | −0.082% | +0.0100% | 4h | $58K | $32K | 20x | as long as short |
| Bybit MORPHOUSDT | −0.063% | −0.0117% | 4h | $8.8M | $10.3M | 25x | as long as short |
| Bitget MORPHOUSDT | −0.060% | +0.0100% | 4h | $2.9M | $2.1M | 75x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | −0.037% | L +0.0157% / S −0.0698% | 1h | $2K | — | 100x | as long as short |
| KuCoin MORPHOUSDTM | −0.022% | +0.0100% | 4h | $599K | $347K | 50x | as long as short |
| OKX MORPHO-USDT-SWAPlong | 0.000% | +0.0100% | 4h | $3.2M | $4.7M | 20x | |
| Phoenix MORPHO | +0.071% | −0.0030% | 1h | $35K | $478K | 5x | as long as short |
| Hyperliquid MORPHO | +0.093% | +0.0100% | 1h | $6.4M | $7.1M | 5x | as long as short |
| Lighter MORPHOshort | +0.099% | +0.0096% | 1h | $320K | $364K | 5x | |
| Coinbase International MORPHO-PERP-INTX | +0.157% | −0.0352% | 1h | $78K | $47K | 25x | as long as short |
| Injective MORPHO/USDC PERP | +1.103% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |