Spread before costs (cost unknown: a leg has no order-book sample)+0.018%
7d average—if it closes, per $10,000$2funding while held, a day−$17.95
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MORPHO-USD | 2.7074 | −0.0443 | get 0.0055% / 1h | 37m 04s | $27K | $2.8M | 5x |
| Short | Deribit MORPHO_USDC-PERPETUAL | 2.7079 | −0.1041 | pay 0.0130% / 1h | 37m 04s | $11K | $443 | 10x |
Polymarket Perps MORPHO-USD
Deribit MORPHO_USDC-PERPETUALPrice 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
- $1.85
- Funding while held
- −$17.95
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$31.1
- Spread needed to break even
- 0.150%
Slippage unknown: Polymarket Perps: live order book, 3 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0598%
- Per $10,000 a day
- −$17.95
- 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 | 2.40 bp | 8.2 bp −$8 | 8.8 bp −$88 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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.01 Exchange2.7034cheapestSoDEX2.7055+0.078%Binance2.7056+0.082%Extended2.7060+0.096%Gate2.7063+0.107%Kraken Futures2.7065+0.115%Bitget2.7067+0.122%MEXC2.7068+0.126%BingX2.7071+0.137%OKX2.7072+0.141%Orderly2.7072+0.141%
SoDEX
Binance
Extended
Gate
Kraken Futures
Bitget
MEXC
BingX
OKX
OrderlyPolymarket Perps2.7074+0.148%
BloFin2.7078+0.163%
BloFinDeribit2.7079+0.166%
Reya2.7082+0.178%Paradex2.7082+0.178%Bybit2.7084+0.185%Variational Omni2.7091+0.213%Coinbase International2.7093+0.218%Phoenix2.7094+0.222%Lighter2.7098+0.236%KuCoin2.7102+0.252%Aster2.7105+0.263%GMX2.7106+0.267%Injective2.7130+0.355%Hyperliquid2.7131+0.359%
Reya
Paradex
Bybit
Variational Omni
Coinbase International
Phoenix
Lighter
KuCoin
Aster
GMX
Injective
HyperliquidMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.148% | −0.0960% | 1h | $888 | $11K | 5x | as long as short |
| SoDEX MORPHO-USD | −0.070% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Binance MORPHOUSDT | −0.066% | −0.0004% | 4h | $16.7M | $28.8M | 75x | as long as short |
| Extended MORPHO-USD | −0.051% | −0.0008% | 1h | $102K | $304K | 10x | as long as short |
| Gate MORPHO_USDT | −0.041% | −0.0560% | 4h | $765K | $540K | 50x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.033% | −0.0923% | 1h | $93K | $175K | 20x | as long as short |
| Bitget MORPHOUSDT | −0.026% | +0.0100% | 4h | $3.0M | $2.2M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.022% | −0.0008% | 4h | $4.8M | $1.2M | 100x | as long as short |
| BingX MORPHO-USDT | −0.011% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| OKX MORPHO-USDT-SWAP | −0.007% | +0.0100% | 4h | $3.2M | $5.1M | 20x | as long as short |