Spread before costs (cost unknown: a leg has no order-book sample)−0.104%
7d average−0.043%if it closes, per $10,000$10funding while held, a day+$13.53
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MORPHO-USD | 2.7361 | −0.0378 | get 0.0047% / 1h | 18m 04s | $31K | $3.0M | 5x |
| Short | Variational Omni MORPHO | 2.7333 | 0.0073 | get 0.0036% / 4h | 18m 04s | $669K | $1.4M | — |
Polymarket Perps MORPHO-USD
Variational Omni MORPHOPrice 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
- −$10.35
- Funding while held
- $13.53
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$4.82
- Spread needed to break even
- 0.080%
Slippage unknown: Polymarket Perps: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0451%
- Per $10,000 a day
- +$13.53
- 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, 2 min ago | 3.11 bp | 9.5 bp −$9 | 10.1 bp −$101 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 4.55 bp | doesn't fit | 68.4 bp −$684 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.7130cheapest01 Exchange2.7311+0.667%
InjectiveVariational Omni2.7333+0.747%
Reya2.7341+0.777%Extended2.7341+0.778%MEXC2.7350+0.811%Bitget2.7352+0.818%OKX2.7353+0.822%Orderly2.7355+0.829%Binance2.7356+0.833%Kraken Futures2.7358+0.841%
Reya
Extended
MEXC
Bitget
OKX
Orderly
Binance
Kraken FuturesPolymarket Perps2.7361+0.851%
Deribit2.7361+0.851%Gate2.7362+0.855%BingX2.7363+0.859%SoDEX2.7363+0.859%Bybit2.7365+0.866%KuCoin2.7369+0.881%Paradex2.7379+0.919%GMX2.7381+0.926%Phoenix2.7385+0.940%Lighter2.7386+0.942%BloFin2.7394+0.973%Aster2.7399+0.991%Coinbase International2.7402+1.003%Hyperliquid2.7418+1.062%
Deribit
Gate
BingX
SoDEX
Bybit
KuCoin
Paradex
GMX
Phoenix
Lighter
BloFin
Aster
Coinbase International
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 | −0.844% | +0.0033% | 1h | $38 | $85K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.183% | −0.1136% | 1h | $897 | $8K | 5x | as long as short |
| Variational Omni MORPHOshort | −0.104% | +0.0073% | 4h | $669K | $1.4M | — | |
| Reya MORPHORUSDPERP | −0.074% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Extended MORPHO-USD | −0.073% | +0.0104% | 1h | $103K | $310K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.040% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Bitget MORPHOUSDT | −0.033% | +0.0100% | 4h | $3.0M | $2.6M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.029% | +0.0100% | 4h | $3.2M | $5.8M | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.022% | −0.0108% | 4h | $11K | $34K | 10x | as long as short |
| Binance MORPHOUSDT | −0.018% | +0.0100% | 4h | $16.9M | $31.0M | 75x | as long as short |