After costs, if the gap returns to its 7d average, $10k−$58
spread now−0.053%7d average−0.060%fees + slippage, in and out−$59spread needed0.588%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MORPHO-USD | 2.7392 | −0.0381 | get 0.0048% / 1h | 16m 27s | $31K | $3.0M | 5x |
| Short | Extended MORPHO-USD | 2.7378 | 0.0104 | get 0.0013% / 1h | 16m 27s | $103K | $310K | 10x |
Polymarket Perps MORPHO-USD
Extended MORPHO-USDPrice 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
- −$5.28
- Funding while held
- $14.56
- Slippage, 4 orders
- −$45.77
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$49.49
- Spread needed to break even
- 0.588%
Slippage from Polymarket Perps: live order book, 4 min ago; Extended: live order book, 33 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0485%
- Per $10,000 a day
- +$14.56
- 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 | 3.11 bp | 9.5 bp −$9 | 10.1 bp −$101 | doesn't fit | doesn't fit |
| Sell Extended live order book, 33 min ago | 2.72 bp | 21.3 bp −$21 | 229.8 bp −$2,298 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.7130cheapest01 Exchange2.7323+0.711%Variational Omni2.7333+0.747%BloFin2.7345+0.792%SoDEX2.7355+0.829%Orderly2.7357+0.837%Deribit2.7363+0.859%Gate2.7366+0.870%Paradex2.7369+0.882%Kraken Futures2.7371+0.888%BingX2.7376+0.907%
Injective
Variational Omni
BloFin
SoDEX
Orderly
Deribit
Gate
Paradex
Kraken Futures
BingXExtended2.7378+0.912%
Binance2.7381+0.925%MEXC2.7383+0.933%Bitget2.7385+0.940%Reya2.7385+0.940%Bybit2.7387+0.947%OKX2.7387+0.947%
Binance
MEXC
Bitget
Reya
Bybit
OKXPolymarket Perps2.7392+0.966%
GMX2.7395+0.976%Coinbase International2.7402+1.003%KuCoin2.7407+1.021%Aster2.7408+1.025%Lighter2.7408+1.026%Phoenix2.7411+1.036%Hyperliquid2.7457+1.205%
GMX
Coinbase International
KuCoin
Aster
Lighter
Phoenix
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 | −0.956% | +0.0033% | 1h | $38 | $85K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.252% | −0.1136% | 1h | $898 | $8K | 5x | as long as short |
| Variational Omni MORPHO | −0.217% | +0.0073% | 4h | $669K | $1.4M | — | as long as short |
| BloFin MORPHO-USDT | −0.172% | −0.0200% | 4h | $688K | $249K | 20x | as long as short |
| SoDEX MORPHO-USD | −0.135% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.128% | −0.0109% | 4h | $11K | $34K | 10x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.106% | −0.1173% | 1h | $11K | $443 | 10x | as long as short |
| Gate MORPHO_USDT | −0.095% | −0.0316% | 4h | $771K | $599K | 50x | as long as short |
| Paradex MORPHO-USD-PERP | −0.083% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.077% | −0.0093% | 1h | $99K | $188K | 20x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX MORPHO-USDT | −0.058% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| Extended MORPHO-USDshort | −0.053% | +0.0104% | 1h | $103K | $310K | 10x | |
| Binance MORPHOUSDT | −0.040% | +0.0100% | 4h | $16.9M | $31.0M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.033% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Bitget MORPHOUSDT | −0.026% | +0.0100% | 4h | $3.0M | $2.6M | 75x | as long as short |
| Reya MORPHORUSDPERP | −0.025% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Bybit MORPHOUSDT | −0.018% | −0.0122% | 4h | $9.1M | $11.3M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.018% | +0.0100% | 4h | $3.2M | $5.8M | 20x | as long as short |
| Polymarket Perps MORPHO-USDlong | 0.000% | −0.0381% | 1h | $31K | $3.0M | 5x | |
| GMX MORPHO/USD [ETH-USDC] | +0.010% | L +0.0197% / S −0.0897% | 1h | $2K | — | 100x | as long as short |
| Coinbase International MORPHO-PERP-INTX | +0.037% | −0.0144% | 1h | $80K | $53K | 25x | as long as short |
| KuCoin MORPHOUSDTM | +0.055% | +0.0100% | 4h | $663K | $378K | 50x | as long as short |
| Aster MORPHOUSDT | +0.059% | +0.0100% | 4h | $60K | $34K | 20x | as long as short |
| Lighter MORPHO | +0.060% | +0.0096% | 1h | $321K | $503K | 5x | as long as short |
| Phoenix MORPHO | +0.069% | −0.0029% | 1h | $35K | $560K | 5x | as long as short |
| Hyperliquid MORPHO | +0.237% | +0.0100% | 1h | $6.7M | $8.1M | 5x | as long as short |