Spread before costs (cost unknown: a leg has no order-book sample)+0.184%
7d average—if it closes, per $10,000$18funding while held, a day+$17.94
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MORPHO-USD-PERP | 2.6755 | 0.0100 | pay 0.0100% / 8h | 5h 34m | $5K | $3 | 5x |
| Short | GMX MORPHO/USD [ETH-USDC] | 2.6804 | L +0.0157% / S −0.0698% | get 0.0087% / 1h | 34m 12s | $2K | — | 100x |
Paradex MORPHO-USD-PERP
GMX MORPHO/USD [ETH-USDC]Price 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
- $18.39
- Funding while held
- $17.94
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $20.33
- Spread needed to break even
- 0.160%
Slippage unknown: Paradex: no order-book sample; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0598%
- Per $10,000 a day
- +$17.94
- 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 GMX no order-book sample | — | — | — | — | — |
Paradex and GMX: 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 Exchange2.6720cheapestBloFin2.6750+0.112%
BloFinParadex2.6755+0.129%
Kraken Futures2.6759+0.145%Gate2.6760+0.150%BingX2.6770+0.187%Extended2.6772+0.194%Binance2.6772+0.195%MEXC2.6773+0.198%Bitget2.6773+0.198%SoDEX2.6773+0.198%Variational Omni2.6776+0.209%Orderly2.6777+0.213%Bybit2.6780+0.225%Polymarket Perps2.6781+0.228%Reya2.6782+0.231%Aster2.6789+0.258%Deribit2.6791+0.266%OKX2.6797+0.288%
Kraken Futures
Gate
BingX
Extended
Binance
MEXC
Bitget
SoDEX
Variational Omni
Orderly
Bybit
Polymarket Perps
Reya
Aster
Deribit
OKXGMX2.6804+0.314%
KuCoin2.6804+0.314%Hyperliquid2.6826+0.397%Lighter2.6831+0.415%Phoenix2.6831+0.415%Coinbase International2.6876+0.584%Injective2.7130+1.534%
KuCoin
Hyperliquid
Lighter
Phoenix
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 | −0.129% | −0.0584% | 1h | $878 | $12K | 5x | as long as short |
| BloFin MORPHO-USDT | −0.017% | −0.0131% | 4h | $666K | $205K | 20x | as long as short |
| Paradex MORPHO-USD-PERPlong | 0.000% | +0.0100% | 8h | $5K | $3 | 5x | |
| Kraken Futures PF_MORPHOUSD | +0.016% | −0.2232% | 1h | $84K | $165K | 20x | as long as short |
| Gate MORPHO_USDT | +0.020% | −0.0620% | 4h | $772K | $538K | 50x | as long as short |
| BingX MORPHO-USDT | +0.058% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| Extended MORPHO-USD | +0.065% | +0.0064% | 1h | $101K | $304K | 10x | as long as short |
| Binance MORPHOUSDT | +0.065% | +0.0065% | 4h | $16.5M | $27.3M | 75x | as long as short |
| MEXC MORPHO_USDT | +0.069% | +0.0064% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Bitget MORPHOUSDT | +0.069% | +0.0100% | 4h | $2.9M | $2.1M | 75x | as long as short |