Spread before costs (cost unknown: a leg has no order-book sample)−0.004%
7d average—if it closes, per $10,000$0funding while held, a day+$7.09
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MORPHO-USD | 2.7403 | −0.0380 | get 0.0048% / 1h | 15m 16s | $31K | $3.0M | 5x |
| Short | Coinbase International MORPHO-PERP-INTX | 2.7402 | −0.0144 | pay 0.0018% / 1h | 15m 16s | $80K | $53K | 25x |
Polymarket Perps MORPHO-USD
Coinbase International MORPHO-PERP-INTXPrice 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
- −$0.36
- Funding while held
- $7.09
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$11.28
- Spread needed to break even
- 0.180%
Slippage unknown: Polymarket Perps: live order book, 5 min ago; Coinbase International: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0236%
- Per $10,000 a day
- +$7.09
- 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, 5 min ago | 3.11 bp | 9.5 bp −$9 | 10.1 bp −$101 | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Coinbase International: 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.Injective2.7130cheapest01 Exchange2.7337+0.763%Variational Omni2.7368+0.876%SoDEX2.7385+0.940%Paradex2.7391+0.962%BloFin2.7391+0.962%Extended2.7395+0.976%
Injective
Variational Omni
SoDEX
Paradex
BloFin
ExtendedCoinbase International2.7402+1.003%
Polymarket Perps2.7403+1.006%
Binance2.7407+1.021%Gate2.7411+1.036%MEXC2.7411+1.036%Phoenix2.7411+1.036%Orderly2.7413+1.043%Reya2.7414+1.046%Bybit2.7414+1.047%OKX2.7414+1.047%KuCoin2.7415+1.050%Deribit2.7417+1.058%BingX2.7418+1.062%Kraken Futures2.7420+1.070%Bitget2.7425+1.087%Lighter2.7441+1.148%Aster2.7444+1.156%GMX2.7444+1.157%Hyperliquid2.7477+1.279%
Binance
Gate
MEXC
Phoenix
Orderly
Reya
Bybit
OKX
KuCoin
Deribit
BingX
Kraken Futures
Bitget
Lighter
Aster
GMX
HyperliquidMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −0.996% | +0.0033% | 1h | $38 | $85K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.241% | −0.1136% | 1h | $898 | $8K | 5x | as long as short |
| Variational Omni MORPHO | −0.129% | +0.0050% | 4h | $669K | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | −0.066% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.044% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
| BloFin MORPHO-USDT | −0.044% | −0.0200% | 4h | $691K | $249K | 20x | as long as short |
| Extended MORPHO-USD | −0.030% | +0.0104% | 1h | $103K | $310K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTXshort | −0.004% | −0.0144% | 1h | $80K | $53K | 25x | |
| Polymarket Perps MORPHO-USDlong | 0.000% | −0.0380% | 1h | $31K | $3.0M | 5x | |
| Binance MORPHOUSDT | +0.015% | +0.0100% | 4h | $16.9M | $31.0M | 75x | as long as short |