Spread before costs (cost unknown: a leg has no order-book sample)+0.003%
7d average—if it closes, per $10,000$0funding while held, a day+$0.01
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MORPHO-USD-PERP | 2.7393 | 0.0100 | pay 0.0100% / 8h | 7h 31m | $5K | $3 | 5x |
| Short | Bitget MORPHOUSDT | 2.7394 | 0.0100 | get 0.0050% / 4h | 3h 31m | $3.0M | $2.6M | 75x |
Paradex MORPHO-USD-PERP
Bitget 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
- $0.32
- Funding while held
- $0.01
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$15.68
- Spread needed to break even
- 0.160%
Slippage unknown: Paradex: no order-book sample; Bitget: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.01
- 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 2 min ago | 2.92 bp | 29.0 bp −$29 | 87.7 bp −$877 | doesn't fit | doesn't fit |
Paradex: 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.Injective2.7130cheapestPolymarket Perps2.7320+0.700%Orderly2.7329+0.734%BloFin2.7330+0.737%SoDEX2.7331+0.741%Reya2.7333+0.746%Deribit2.7336+0.759%Kraken Futures2.7347+0.801%Phoenix2.7349+0.807%KuCoin2.7356+0.833%Gate2.7361+0.851%GMX2.7363+0.858%Coinbase International2.7364+0.863%Variational Omni2.7369+0.881%01 Exchange2.7372+0.892%Aster2.7374+0.899%Bybit2.7380+0.921%Extended2.7380+0.922%MEXC2.7382+0.929%Binance2.7384+0.936%OKX2.7387+0.947%BingX2.7388+0.951%
Injective
Polymarket Perps
Orderly
BloFin
SoDEX
Reya
Deribit
Kraken Futures
Phoenix
KuCoin
Gate
GMX
Coinbase International
Variational Omni
Aster
Bybit
Extended
MEXC
Binance
OKX
BingXParadex2.7393+0.970%
Bitget2.7394+0.973%
Lighter2.7399+0.993%Hyperliquid2.7430+1.106%
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 | −0.961% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.267% | −0.0260% | 1h | $27K | $3.0M | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.234% | −0.0135% | 4h | $11K | $34K | 10x | as long as short |
| BloFin MORPHO-USDT | −0.230% | −0.0200% | 4h | $677K | $244K | 20x | as long as short |
| SoDEX MORPHO-USD | −0.227% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.221% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.209% | −0.0992% | 1h | $11K | $443 | 10x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.168% | −0.1052% | 1h | $99K | $183K | 20x | as long as short |
| Phoenix MORPHO | −0.161% | −0.0146% | 1h | $35K | $554K | 5x | as long as short |
| KuCoin MORPHOUSDTM | −0.136% | +0.0100% | 4h | $663K | $380K | 50x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | −0.117% | −0.0322% | 4h | $767K | $574K | 50x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | −0.111% | L +0.0197% / S −0.0897% | 1h | $2K | — | 100x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.106% | −0.0256% | 1h | $79K | $52K | 25x | as long as short |
| Variational Omni MORPHO | −0.088% | +0.0100% | 4h | $670K | $1.4M | — | as long as short |
| 01 Exchange MORPHOUSD | −0.077% | −0.0696% | 1h | $899 | $10K | 5x | as long as short |
| Aster MORPHOUSDT | −0.070% | +0.0100% | 4h | $60K | $34K | 20x | as long as short |
| Bybit MORPHOUSDT | −0.048% | +0.0081% | 4h | $9.0M | $11.2M | 25x | as long as short |
| Extended MORPHO-USD | −0.048% | +0.0104% | 1h | $103K | $304K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.041% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Binance MORPHOUSDT | −0.033% | +0.0100% | 4h | $16.9M | $30.5M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.022% | +0.0100% | 4h | $3.2M | $5.7M | 20x | as long as short |
| BingX MORPHO-USDT | −0.019% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| Paradex MORPHO-USD-PERPlong | 0.000% | +0.0100% | 8h | $5K | $3 | 5x | |
| Bitget MORPHOUSDTshort | +0.003% | +0.0100% | 4h | $3.0M | $2.6M | 75x | |
| Lighter MORPHO | +0.023% | +0.0096% | 1h | $321K | $474K | 5x | as long as short |
| Hyperliquid MORPHO | +0.135% | +0.0129% | 1h | $6.7M | $8.1M | 5x | as long as short |