Spread before costs (cost unknown: a leg has no order-book sample)+0.138%
7d average—if it closes, per $10,000$14funding while held, a day−$37.79
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MORPHO-USD-PERP | 2.6879 | 0.0100 | pay 0.0100% / 8h | 4h 54m | $5K | $3 | 5x |
| Short | Deribit MORPHO_USDC-PERPETUAL | 2.6916 | −0.1160 | pay 0.0145% / 1h | 54m 29s | $11K | $745 | 10x |
Paradex MORPHO-USD-PERP
Deribit MORPHO_USDC-PERPETUALPrice 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
- $13.8
- Funding while held
- −$37.79
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$34.99
- Spread needed to break even
- 0.110%
Slippage unknown: Paradex: no order-book sample; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.1260%
- Per $10,000 a day
- −$37.79
- 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 Deribit no order-book sample | — | — | — | — | — |
Paradex and Deribit: 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.Injective2.6760cheapest01 Exchange2.6853+0.348%Orderly2.6859+0.370%Binance2.6861+0.377%Polymarket Perps2.6870+0.411%
Injective
Orderly
Binance
Polymarket PerpsParadex2.6879+0.444%
Bybit2.6880+0.448%Reya2.6881+0.453%BingX2.6884+0.463%MEXC2.6889+0.482%OKX2.6890+0.486%KuCoin2.6891+0.490%Bitget2.6892+0.493%Extended2.6893+0.498%Aster2.6895+0.505%Kraken Futures2.6897+0.510%GMX2.6898+0.515%Gate2.6899+0.519%SoDEX2.6905+0.542%
Bybit
Reya
BingX
MEXC
OKX
KuCoin
Bitget
Extended
Aster
Kraken Futures
GMX
Gate
SoDEXDeribit2.6916+0.583%
Variational Omni2.6925+0.618%BloFin2.6929+0.632%Hyperliquid2.6939+0.669%Lighter2.6940+0.674%Phoenix2.6944+0.688%Coinbase International2.7014+0.949%
Variational Omni
BloFin
Hyperliquid
Lighter
Phoenix
Coinbase InternationalMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −0.442% | −0.0114% | 1h | $37 | $39K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.096% | −0.0528% | 1h | $882 | $12K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.074% | −0.0212% | 4h | $10K | $34K | 10x | as long as short |
| Binance MORPHOUSDT | −0.067% | +0.0100% | 4h | $16.5M | $26.9M | 75x | as long as short |
| Polymarket Perps MORPHO-USD | −0.033% | −0.0259% | 1h | $25K | $2.1M | 5x | as long as short |
| Paradex MORPHO-USD-PERPlong | 0.000% | +0.0100% | 8h | $5K | $3 | 5x | |
| Bybit MORPHOUSDT | +0.004% | −0.0079% | 4h | $8.8M | $10.2M | 25x | as long as short |
| Reya MORPHORUSDPERP | +0.009% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| BingX MORPHO-USDT | +0.019% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| MEXC MORPHO_USDT | +0.038% | +0.0100% | 4h | $5.1M | $1.1M | 100x | as long as short |