Spread before costs (cost unknown: a leg has no order-book sample)−0.025%
7d average—if it closes, per $10,000$2funding while held, a day+$0.02
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MORPHO-USD-PERP | 2.6839 | 0.0099 | pay 0.0099% / 8h | 6h 17m | $5K | $3 | 5x |
| Short | SoDEX MORPHO-USD | 2.6832 | 0.0100 | get 0.0013% / 1h | 17m 09s | $22K | $2K | 5x |
Paradex MORPHO-USD-PERP
SoDEX MORPHO-USDPrice 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
- −$2.45
- Funding while held
- $0.02
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$14.43
- Spread needed to break even
- 0.120%
Slippage unknown: Paradex: no order-book sample; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0001%
- Per $10,000 a day
- +$0.02
- 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 SoDEX no order-book sample | — | — | — | — | — |
Paradex and SoDEX: 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.Coinbase International2.6711cheapestKraken Futures2.6808+0.365%01 Exchange2.6817+0.397%Gate2.6820+0.408%MEXC2.6832+0.453%
Coinbase International
Kraken Futures
Gate
MEXCSoDEX2.6832+0.453%
KuCoin2.6833+0.457%Binance2.6833+0.457%OKX2.6835+0.464%Polymarket Perps2.6836+0.468%Bybit2.6837+0.472%Extended2.6837+0.472%
KuCoin
Binance
OKX
Polymarket Perps
Bybit
ExtendedParadex2.6839+0.478%
Orderly2.6841+0.487%BingX2.6844+0.498%Deribit2.6847+0.509%Variational Omni2.6847+0.510%BloFin2.6848+0.513%Reya2.6849+0.518%Bitget2.6852+0.528%Lighter2.6857+0.546%GMX2.6867+0.583%Aster2.6871+0.600%Hyperliquid2.6875+0.614%Phoenix2.6889+0.666%Injective2.7130+1.569%
Orderly
BingX
Deribit
Variational Omni
BloFin
Reya
Bitget
Lighter
GMX
Aster
Hyperliquid
Phoenix
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International MORPHO-PERP-INTX | −0.475% | −0.0336% | 1h | $77K | $48K | 25x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.112% | −0.0932% | 1h | $85K | $176K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.080% | −0.0880% | 1h | $881 | $11K | 5x | as long as short |
| Gate MORPHO_USDT | −0.069% | −0.0658% | 4h | $766K | $547K | 50x | as long as short |
| MEXC MORPHO_USDT | −0.025% | +0.0002% | 4h | $4.8M | $1.2M | 100x | as long as short |
| SoDEX MORPHO-USDshort | −0.025% | +0.0100% | 1h | $22K | $2K | 5x | |
| KuCoin MORPHOUSDTM | −0.021% | +0.0100% | 4h | $597K | $373K | 50x | as long as short |
| Binance MORPHOUSDT | −0.021% | +0.0007% | 4h | $16.6M | $28.6M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.013% | +0.0100% | 4h | $3.2M | $5.0M | 20x | as long as short |
| Polymarket Perps MORPHO-USD | −0.010% | −0.0436% | 1h | $28K | $2.7M | 5x | as long as short |