After costs, if the gap returns to its 7d average, $10k−$86
spread now−0.130%7d average+0.052%fees + slippage, in and out−$68spread needed0.676%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MORPHO-USD | 2.7680 | −0.0161 | get 0.0020% / 1h | 7m 09s | $33K | $3.0M | 5x |
| Short | Bybit MORPHOUSDT | 2.7644 | −0.0123 | pay 0.0061% / 4h | 1h 07m | $9.0M | $11.0M | 25x |
Polymarket Perps MORPHO-USD
Bybit 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
- −$13.01
- Funding while held
- $1.17
- Slippage, 4 orders
- −$48.63
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$79.47
- Spread needed to break even
- 0.676%
Slippage from Polymarket Perps: live order book, 3 min ago; Bybit: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0039%
- Per $10,000 a day
- +$1.17
- 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, 3 min ago | 1.27 bp | 9.5 bp −$9 | 10.0 bp −$100 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.61 bp | 26.7 bp −$27 | 77.9 bp −$779 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.7130cheapestVariational Omni2.7619+1.803%OKX2.7629+1.839%Extended2.7636+1.866%Orderly2.7637+1.869%Binance2.7639+1.875%MEXC2.7642+1.887%SoDEX2.7643+1.891%
Injective
Variational Omni
OKX
Extended
Orderly
Binance
MEXC
SoDEXBybit2.7644+1.895%
BloFin2.7654+1.931%Deribit2.7655+1.935%Gate2.7658+1.946%Reya2.7658+1.947%BingX2.7661+1.957%Bitget2.7671+1.994%Paradex2.7674+2.004%GMX2.7675+2.010%KuCoin2.7676+2.013%Kraken Futures2.7678+2.021%
BloFin
Deribit
Gate
Reya
BingX
Bitget
Paradex
GMX
KuCoin
Kraken FuturesPolymarket Perps2.7680+2.027%
Aster2.7685+2.047%Lighter2.7699+2.096%Hyperliquid2.7710+2.138%Coinbase International2.7751+2.289%Phoenix2.7753+2.296%
Aster
Lighter
Hyperliquid
Coinbase International
PhoenixMORPHO on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −1.987% | +0.0033% | 1h | $38 | $137K | 5.5x | as long as short |
| Variational Omni MORPHO | −0.220% | +0.0100% | 4h | $674K | $1.4M | — | as long as short |
| OKX MORPHO-USDT-SWAP | −0.184% | +0.0100% | 4h | $3.3M | $5.8M | 20x | as long as short |
| Extended MORPHO-USD | −0.159% | +0.0104% | 1h | $104K | $310K | 10x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.155% | −0.0069% | 4h | $11K | $34K | 10x | as long as short |
| Binance MORPHOUSDT | −0.150% | +0.0100% | 4h | $16.9M | $30.2M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.137% | +0.0100% | 4h | $5.0M | $1.4M | 100x | as long as short |
| SoDEX MORPHO-USD | −0.134% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Bybit MORPHOUSDTshort | −0.130% | −0.0123% | 4h | $9.0M | $11.0M | 25x | |
| BloFin MORPHO-USDT | −0.094% | −0.0200% | 4h | $682K | $257K | 20x | as long as short |