Spread before costs (cost unknown: a leg has no order-book sample)−0.134%
7d average+0.003%if it closes, per $10,000$13funding while held, a day−$2.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MORPHO-USDT-SWAP | 2.6912 | 0.0100 | pay 0.0050% / 4h | 1h 14m | $3.2M | $4.6M | 20x |
| Short | Variational Omni MORPHO | 2.6876 | 0.0017 | get 0.0008% / 4h | 1h 14m | $652K | $1.4M | — |
OKX MORPHO-USDT-SWAP
Variational Omni 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
- −$13.4
- Funding while held
- −$2.5
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$25.9
- Spread needed to break even
- 0.100%
Slippage unknown: OKX: live order book, 5 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0083%
- Per $10,000 a day
- −$2.50
- 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, 5 min ago | 2.04 bp | 19.5 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 6.43 bp | doesn't fit | 74.3 bp −$743 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.6760cheapestKraken Futures2.6831+0.265%
Injective
Kraken FuturesVariational Omni2.6876+0.433%
Extended2.6880+0.449%01 Exchange2.6882+0.456%Aster2.6883+0.459%Orderly2.6883+0.460%Gate2.6884+0.463%Polymarket Perps2.6884+0.463%Binance2.6885+0.467%Bybit2.6885+0.467%SoDEX2.6886+0.471%Paradex2.6890+0.486%BloFin2.6893+0.497%MEXC2.6894+0.501%Deribit2.6896+0.508%Phoenix2.6897+0.512%Reya2.6897+0.513%BingX2.6899+0.519%KuCoin2.6901+0.527%Bitget2.6904+0.538%
Extended
Aster
Orderly
Gate
Polymarket Perps
Binance
Bybit
SoDEX
Paradex
BloFin
MEXC
Deribit
Phoenix
Reya
BingX
KuCoin
BitgetOKX2.6912+0.568%
GMX2.6913+0.572%Coinbase International2.6920+0.598%Lighter2.6932+0.642%Hyperliquid2.6962+0.755%
GMX
Coinbase International
Lighter
HyperliquidMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −0.565% | +0.0033% | 1h | $37 | $39K | 5.5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.301% | −0.2226% | 1h | $85K | $164K | 20x | as long as short |
| Variational Omni MORPHOshort | −0.134% | +0.0017% | 4h | $652K | $1.4M | — | |
| Extended MORPHO-USD | −0.118% | +0.0088% | 1h | $101K | $304K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.111% | −0.0600% | 1h | $883 | $12K | 5x | as long as short |
| Aster MORPHOUSDT | −0.109% | +0.0100% | 4h | $59K | $33K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.108% | −0.0208% | 4h | $10K | $34K | 10x | as long as short |
| Gate MORPHO_USDT | −0.104% | −0.0506% | 4h | $776K | $539K | 50x | as long as short |
| Polymarket Perps MORPHO-USD | −0.104% | −0.0244% | 1h | $24K | $2.2M | 5x | as long as short |
| Binance MORPHOUSDT | −0.100% | +0.0091% | 4h | $16.5M | $27.2M | 75x | as long as short |