Spread before costs (cost unknown: a leg has no order-book sample)+0.155%
7d average—if it closes, per $10,000$16funding while held, a day−$1.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MORPHO-USD-PERP | 2.6701 | 0.0099 | pay 0.0099% / 8h | 5h 58m | $5K | $3 | 5x |
| Short | Variational Omni MORPHO | 2.6743 | 0.0062 | get 0.0031% / 4h | 1h 58m | $652K | $1.4M | — |
Paradex MORPHO-USD-PERP
Variational Omni MORPHOPrice 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
- $15.54
- Funding while held
- −$1.12
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $10.42
- Spread needed to break even
- 0.040%
Slippage unknown: Paradex: no order-book sample; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0037%
- Per $10,000 a day
- −$1.12
- 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 Variational Omni RFQ quote, 2 min ago | 6.45 bp | doesn't fit | 73.2 bp −$732 | 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.Kraken Futures2.6675cheapestExtended2.6695+0.077%MEXC2.6696+0.080%Binance2.6697+0.082%
Kraken Futures
Extended
MEXC
BinanceParadex2.6701+0.099%
01 Exchange2.6705+0.113%Coinbase International2.6709+0.128%BingX2.6710+0.132%SoDEX2.6714+0.147%Bybit2.6715+0.151%Gate2.6715+0.151%OKX2.6718+0.162%BloFin2.6719+0.166%Orderly2.6721+0.173%Reya2.6730+0.207%Polymarket Perps2.6731+0.211%Bitget2.6732+0.215%Deribit2.6734+0.222%Aster2.6734+0.224%
Coinbase International
BingX
SoDEX
Bybit
Gate
OKX
BloFin
Orderly
Reya
Polymarket Perps
Bitget
Deribit
AsterVariational Omni2.6743+0.254%
Lighter2.6745+0.262%GMX2.6747+0.272%KuCoin2.6752+0.290%Hyperliquid2.6770+0.357%Phoenix2.6771+0.361%Injective2.7130+1.707%
Lighter
GMX
KuCoin
Hyperliquid
Phoenix
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MORPHOUSD | −0.099% | −0.2239% | 1h | $84K | $167K | 20x | as long as short |
| Extended MORPHO-USD | −0.022% | +0.0016% | 1h | $101K | $304K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.019% | +0.0016% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Binance MORPHOUSDT | −0.016% | +0.0018% | 4h | $16.5M | $27.4M | 75x | as long as short |
| Paradex MORPHO-USD-PERPlong | 0.000% | +0.0099% | 8h | $5K | $3 | 5x | |
| 01 Exchange MORPHOUSD | +0.015% | −0.0864% | 1h | $878 | $11K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | +0.030% | −0.0352% | 1h | $77K | $47K | 25x | as long as short |
| BingX MORPHO-USDT | +0.034% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.049% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| Bybit MORPHOUSDT | +0.052% | −0.0159% | 4h | $8.8M | $10.3M | 25x | as long as short |