After costs, if the gap returns to its 7d average, $10k−$44
spread now+0.114%7d average−0.051%fees + slippage, in and out−$61spread needed0.611%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MORPHO-USD | 2.7082 | −0.0457 | get 0.0057% / 1h | 41m 25s | $27K | $2.8M | 5x |
| Short | Bitget MORPHOUSDT | 2.7113 | 0.0100 | get 0.0050% / 4h | 2h 41m | $3.0M | $2.3M | 75x |
Polymarket Perps MORPHO-USD
Bitget 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
- $11.45
- Funding while held
- $16.72
- Slippage, 4 orders
- −$41.07
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$32.91
- Spread needed to break even
- 0.611%
Slippage from Polymarket Perps: live order book, 4 min ago; Bitget: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0557%
- Per $10,000 a day
- +$16.72
- 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 | 2.76 bp | 7.8 bp −$8 | 8.0 bp −$80 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 4.97 bp | 24.0 bp −$24 | 78.4 bp −$784 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange2.7036cheapestGate2.7061+0.092%Paradex2.7066+0.112%SoDEX2.7068+0.118%Extended2.7071+0.131%Binance2.7075+0.144%MEXC2.7077+0.152%Orderly2.7077+0.152%
Gate
Paradex
SoDEX
Extended
Binance
MEXC
OrderlyPolymarket Perps2.7082+0.170%
BingX2.7083+0.174%Deribit2.7086+0.185%Bybit2.7090+0.200%Reya2.7092+0.207%Kraken Futures2.7094+0.213%KuCoin2.7104+0.252%Lighter2.7106+0.257%
BingX
Deribit
Bybit
Reya
Kraken Futures
KuCoin
LighterBitget2.7113+0.285%
GMX2.7116+0.298%OKX2.7117+0.300%Coinbase International2.7122+0.318%Aster2.7125+0.329%Injective2.7130+0.348%BloFin2.7134+0.362%Hyperliquid2.7148+0.414%Phoenix2.7165+0.477%Variational Omni2.7211+0.647%
GMX
OKX
Coinbase International
Aster
Injective
BloFin
Hyperliquid
Phoenix
Variational OmniMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.170% | −0.0960% | 1h | $888 | $11K | 5x | as long as short |
| Gate MORPHO_USDT | −0.078% | −0.0548% | 4h | $763K | $538K | 50x | as long as short |
| Paradex MORPHO-USD-PERP | −0.059% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| SoDEX MORPHO-USD | −0.052% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Extended MORPHO-USD | −0.039% | +0.0008% | 1h | $102K | $304K | 10x | as long as short |
| Binance MORPHOUSDT | −0.026% | +0.0002% | 4h | $16.7M | $28.9M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.018% | +0.0006% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.018% | −0.0175% | 4h | $10K | $34K | 10x | as long as short |
| Polymarket Perps MORPHO-USDlong | 0.000% | −0.0457% | 1h | $27K | $2.8M | 5x | |
| BingX MORPHO-USDT | +0.004% | +0.0100% | 4h | — | $1.5M | — | as long as short |