After costs, if the gap returns to its 7d average, $10k−$32
spread now−0.089%7d average−0.043%fees + slippage, in and out−$28spread needed0.275%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MORPHO-USD | 2.6921 | −0.0248 | get 0.0031% / 1h | 55m 41s | $24K | $2.1M | 5x |
| Short | MEXC MORPHO_USDT | 2.6897 | 0.0100 | get 0.0050% / 4h | 55m 41s | $5.1M | $1.1M | 100x |
Polymarket Perps MORPHO-USD
MEXC MORPHO_USDTPrice 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
- −$8.91
- Funding while held
- $10.43
- Slippage, 4 orders
- −$15.54
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$26.02
- Spread needed to break even
- 0.275%
Slippage from Polymarket Perps: live order book, 4 min ago; MEXC: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0348%
- Per $10,000 a day
- +$10.43
- 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 | 2.60 bp | 8.5 bp −$8 | 9.2 bp −$92 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.74 bp | 5.5 bp −$5 | 37.0 bp −$370 | 195.9 bp −$19.6K | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.6760cheapest01 Exchange2.6872+0.419%Paradex2.6888+0.479%Bitget2.6892+0.493%Extended2.6894+0.502%Binance2.6895+0.504%BingX2.6895+0.504%
Injective
Paradex
Bitget
Extended
Binance
BingXMEXC2.6897+0.512%
OKX2.6908+0.553%Gate2.6912+0.568%Bybit2.6916+0.583%Aster2.6921+0.600%
OKX
Gate
Bybit
AsterPolymarket Perps2.6921+0.602%
Orderly2.6923+0.609%SoDEX2.6925+0.617%Variational Omni2.6925+0.618%Reya2.6927+0.623%Kraken Futures2.6928+0.628%Deribit2.6936+0.658%BloFin2.6941+0.676%KuCoin2.6942+0.680%GMX2.6951+0.715%Lighter2.6953+0.720%Hyperliquid2.6979+0.818%Phoenix2.6992+0.867%Coinbase International2.7014+0.949%
Orderly
SoDEX
Variational Omni
Reya
Kraken Futures
Deribit
BloFin
KuCoin
GMX
Lighter
Hyperliquid
Phoenix
Coinbase InternationalMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −0.598% | −0.0114% | 1h | $37 | $39K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.182% | −0.0528% | 1h | $883 | $12K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.121% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Bitget MORPHOUSDT | −0.108% | +0.0100% | 4h | $2.9M | $2.0M | 75x | as long as short |
| Extended MORPHO-USD | −0.099% | +0.0104% | 1h | $101K | $304K | 10x | as long as short |
| Binance MORPHOUSDT | −0.097% | +0.0100% | 4h | $16.5M | $26.9M | 75x | as long as short |
| BingX MORPHO-USDT | −0.097% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| MEXC MORPHO_USDTshort | −0.089% | +0.0100% | 4h | $5.1M | $1.1M | 100x | |
| OKX MORPHO-USDT-SWAP | −0.048% | +0.0100% | 4h | $3.2M | $4.6M | 20x | as long as short |
| Gate MORPHO_USDT | −0.033% | −0.0346% | 4h | $776K | $529K | 50x | as long as short |