Spread before costs (cost unknown: a leg has no order-book sample)+0.175%
7d average—if it closes, per $10,000$17funding while held, a day+$8.24
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MORPHO_USDC | 2.7077 | −0.0175 | get 0.0087% / 4h | 2h 41m | $10K | $34K | 10x |
| Short | Aster MORPHOUSDT | 2.7124 | 0.0100 | get 0.0050% / 4h | 2h 41m | $59K | $32K | 20x |
Orderly PERP_MORPHO_USDC
Aster MORPHOUSDTPrice 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
- $17.49
- Funding while held
- $8.24
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $11.73
- Spread needed to break even
- 0.140%
Slippage unknown: Orderly: no order-book sample; Aster: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0275%
- Per $10,000 a day
- +$8.24
- 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Aster no order-book sample | — | — | — | — | — |
Orderly and Aster: 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.01 Exchange2.7036cheapestGate2.7061+0.092%Paradex2.7066+0.112%SoDEX2.7068+0.118%Extended2.7071+0.131%Binance2.7075+0.146%MEXC2.7077+0.152%
Gate
Paradex
SoDEX
Extended
Binance
MEXCOrderly2.7077+0.152%
Polymarket Perps2.7082+0.170%Deribit2.7086+0.185%BingX2.7087+0.189%Bybit2.7090+0.200%Kraken Futures2.7094+0.213%Reya2.7094+0.214%KuCoin2.7105+0.255%Lighter2.7106+0.257%Bitget2.7113+0.285%OKX2.7117+0.300%Coinbase International2.7122+0.318%GMX2.7123+0.323%
Polymarket Perps
Deribit
BingX
Bybit
Kraken Futures
Reya
KuCoin
Lighter
Bitget
OKX
Coinbase International
GMXAster2.7124+0.327%
Injective2.7130+0.348%Hyperliquid2.7134+0.362%BloFin2.7134+0.362%Phoenix2.7165+0.477%Variational Omni2.7211+0.647%
Injective
Hyperliquid
BloFin
Phoenix
Variational OmniMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.151% | −0.0960% | 1h | $888 | $11K | 5x | as long as short |
| Gate MORPHO_USDT | −0.059% | −0.0548% | 4h | $763K | $538K | 50x | as long as short |
| Paradex MORPHO-USD-PERP | −0.040% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| SoDEX MORPHO-USD | −0.033% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Extended MORPHO-USD | −0.021% | +0.0008% | 1h | $102K | $304K | 10x | as long as short |
| Binance MORPHOUSDT | −0.006% | +0.0002% | 4h | $16.7M | $28.9M | 75x | as long as short |
| MEXC MORPHO_USDT | 0.000% | +0.0006% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Orderly PERP_MORPHO_USDClong | 0.000% | −0.0175% | 4h | $10K | $34K | 10x | |
| Polymarket Perps MORPHO-USD | +0.018% | −0.0454% | 1h | $27K | $2.8M | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | +0.033% | −0.1114% | 1h | $11K | $443 | 10x | as long as short |