Spread before costs (cost unknown: a leg has no order-book sample)−0.028%
7d average—if it closes, per $10,000$3funding while held, a day−$6.86
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MORPHO-USD-PERP | 2.6769 | 0.0100 | pay 0.0100% / 8h | 5h 29m | $5K | $3 | 5x |
| Short | BloFin MORPHO-USDT | 2.6761 | −0.0129 | pay 0.0065% / 4h | 1h 29m | $666K | $205K | 20x |
Paradex MORPHO-USD-PERP
BloFin MORPHO-USDTPrice 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
- −$2.8
- Funding while held
- −$6.86
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$25.67
- Spread needed to break even
- 0.160%
Slippage unknown: Paradex: no order-book sample; BloFin: live order book, 64 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0229%
- Per $10,000 a day
- −$6.86
- 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 BloFin live order book, 64 min ago | 0.56 bp | 15.9 bp −$16 | 30.1 bp −$301 | 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.01 Exchange2.6744cheapest
BloFin2.6761+0.064%
Kraken Futures2.6765+0.077%
Kraken FuturesParadex2.6769+0.092%
Gate2.6775+0.116%Orderly2.6778+0.127%SoDEX2.6780+0.135%Deribit2.6780+0.135%Variational Omni2.6781+0.139%Polymarket Perps2.6782+0.142%MEXC2.6784+0.150%Extended2.6786+0.158%Binance2.6787+0.161%Aster2.6789+0.168%BingX2.6792+0.179%Reya2.6794+0.188%Bybit2.6799+0.206%Phoenix2.6800+0.209%Bitget2.6801+0.213%OKX2.6804+0.224%GMX2.6805+0.228%KuCoin2.6815+0.265%Lighter2.6835+0.339%Hyperliquid2.6843+0.370%Coinbase International2.6876+0.494%Injective2.7130+1.443%
Gate
Orderly
SoDEX
Deribit
Variational Omni
Polymarket Perps
MEXC
Extended
Binance
Aster
BingX
Reya
Bybit
Phoenix
Bitget
OKX
GMX
KuCoin
Lighter
Hyperliquid
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 | −0.092% | −0.0640% | 1h | $879 | $12K | 5x | as long as short |
| BloFin MORPHO-USDTshort | −0.028% | −0.0129% | 4h | $666K | $205K | 20x | |
| Kraken Futures PF_MORPHOUSD | −0.014% | −0.2232% | 1h | $84K | $165K | 20x | as long as short |
| Paradex MORPHO-USD-PERPlong | 0.000% | +0.0100% | 8h | $5K | $3 | 5x | |
| Gate MORPHO_USDT | +0.024% | −0.0622% | 4h | $772K | $538K | 50x | as long as short |
| Orderly PERP_MORPHO_USDC | +0.035% | −0.0211% | 4h | $10K | $34K | 10x | as long as short |
| SoDEX MORPHO-USD | +0.043% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | +0.043% | −0.0757% | 1h | $10K | $745 | 10x | as long as short |
| Variational Omni MORPHO | +0.047% | +0.0023% | 4h | $654K | $1.4M | — | as long as short |
| Polymarket Perps MORPHO-USD | +0.050% | −0.0329% | 1h | $24K | $2.5M | 5x | as long as short |