After costs, if the gap returns to its 7d average, $10k−$41
spread now+0.015%7d average−0.039%fees + slippage, in and out−$47spread needed0.468%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MORPHO-USD | 2.6708 | −0.0488 | get 0.0061% / 1h | 56m 27s | $26K | $2.7M | 5x |
| Short | Binance MORPHOUSDT | 2.6712 | 0.0019 | get 0.0009% / 4h | 1h 56m | $16.5M | $27.4M | 75x |
Polymarket Perps MORPHO-USD
Binance MORPHOUSDTPrice 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
- $1.5
- Funding while held
- $15.21
- Slippage, 4 orders
- −$28.83
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$30.13
- Spread needed to break even
- 0.468%
Slippage from Polymarket Perps: live order book, 4 min ago; Binance: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0507%
- Per $10,000 a day
- +$15.21
- 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 Polymarket Perps live order book, 4 min ago | 2.06 bp | 9.0 bp −$9 | 9.8 bp −$98 | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 1.31 bp | 19.7 bp −$20 | 48.8 bp −$488 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange2.6667cheapestKraken Futures2.6694+0.102%Gate2.6701+0.127%KuCoin2.6701+0.127%MEXC2.6707+0.150%Aster2.6707+0.151%
Kraken Futures
Gate
KuCoin
MEXC
AsterPolymarket Perps2.6708+0.154%
Coinbase International2.6709+0.157%Extended2.6710+0.162%
Coinbase International
ExtendedBinance2.6712+0.169%
Paradex2.6715+0.181%BingX2.6720+0.199%Bybit2.6721+0.202%Reya2.6722+0.208%Bitget2.6732+0.244%BloFin2.6732+0.244%Orderly2.6736+0.259%OKX2.6737+0.262%GMX2.6738+0.268%Lighter2.6738+0.268%Variational Omni2.6743+0.283%SoDEX2.6750+0.311%Hyperliquid2.6755+0.330%Deribit2.6757+0.337%Phoenix2.6771+0.390%Injective2.7130+1.736%
Paradex
BingX
Bybit
Reya
Bitget
BloFin
Orderly
OKX
GMX
Lighter
Variational Omni
SoDEX
Hyperliquid
Deribit
Phoenix
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.154% | −0.0808% | 1h | $876 | $11K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.052% | −0.2238% | 1h | $84K | $167K | 20x | as long as short |
| Gate MORPHO_USDT | −0.026% | −0.0664% | 4h | $767K | $535K | 50x | as long as short |
| KuCoin MORPHOUSDTM | −0.026% | +0.0100% | 4h | $594K | $344K | 50x | as long as short |
| MEXC MORPHO_USDT | −0.004% | +0.0016% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Aster MORPHOUSDT | −0.003% | +0.0100% | 4h | $58K | $31K | 20x | as long as short |
| Polymarket Perps MORPHO-USDlong | 0.000% | −0.0488% | 1h | $26K | $2.7M | 5x | |
| Coinbase International MORPHO-PERP-INTX | +0.004% | −0.0352% | 1h | $77K | $47K | 25x | as long as short |
| Extended MORPHO-USD | +0.009% | +0.0016% | 1h | $101K | $304K | 10x | as long as short |
| Binance MORPHOUSDTshort | +0.015% | +0.0019% | 4h | $16.5M | $27.4M | 75x |